It can be difficult knowing which bets to place sometimes, because you’re presented with lots of different options. This is where the Canadian Bet comes in. Knowing which of these options to use in different situations will greatly improve your chances of being a winner.
What is a Canadian Bet?
A Canadian is an interesting betting option that is available for bets which have 5 different selections. It is also sometimes known as a Super Yankee. In total there are 26 different bets in a Canadian, with 10 doubles, 10 trebles, five fourfolds, and one fivefold accumulator.
It isn’t what is known as a full coverage bet, because it doesn’t cover singles. Therefore if only one selection wins, you will not see a return.
As there are 26 different bets in a Canadian, it means that your stakes must be adjusted accordingly. The stake you input will be multiplied 26 times, so it is worth taking into consideration to stop any costly mistakes!
Canadian Bet Example
When you decide to place your Canadian Bet, you will choose 5 different teams. Let’s imagine you pick 5 different Football teams. For the purpose of this example, each of these teams has odds of 2.0 (evens):
Team 1, Team 2, Team 3, Team 4, Team 5
A Canadian bet on these selections will leave you with the following combination of bets:
|Part||Combinations||Number of Bets|
|Doubles||Team 1 & 2|
Team 1 & 3
Team 1 & 4
Team 1 & 5
Team 2 & 3
Team 2 & 4
Team 2 & 5
Team 3 & 4
Team 3 & 5
Team 4 & 5
|Trebles||Team 1 & 2 & 3|
Team 1 & 3 & 4
Team 1 & 4 & 5
Team 2 & 3 & 4
Team 2 & 4 & 5
Team 3 & 4 & 5
Team 1 & 3 & 5
Team 2 & 3 & 5
Team 1 & 2 & 5
Teams 1 & 2 & 4
|Fourfolds||Teams 1 & 2 & 3 & 4|
Teams 1 & 3 & 4 & 5
Teams 2 & 3 & 4 & 5
Teams 1 & 2 & 4 & 5
Teams 1 & 2 & 3 & 5
|Fivefolds||Teams 1 & 2 & 3 & 4 & 5||1|
Canadian Bet Results
To keep things simple for this example, we will assume the stake is £1 per bet giving a total outlay of £26. The odds of each selection for this demonstration are 2.0. Here are the results of what could happen to your wager.
- If only Team 1 were to win, you will lose all of your £26 as this isn’t a full coverage bet
- But should Team 1 & 2 win, then your total return will be just £4, giving you a loss of £22
- If Teams 1 & 2 & 3 win, then you will win 3 doubles, and one treble from the Canadian bets. This gives you a £4 return on each of the doubles and a £8 return on the Treble, leaving you with a total loss of £14
- If 4 teams were to win, then you will win total of 6 doubles, 4 trebles and 1 fourfold. This returns £12 from the doubles, £32 from the trebles, and £16 from the fourfold. Giving you a total return of £60, and a profit of £34
- If all 5 teams win, then you can expect to see your return increase massively, with a total return of £206, and a profit of £180
As you may see, you only turn a profit on your Canadian bet once 4 of your selections win at odds of 2.0. Therefore it is important that you choose bets with larger odds if you are expecting to profit at the lower levels too.
Who Places Canadian Bets?
Canadian bets are popular with horse racing punters. Canadian bets give them a lot of coverage and also the potential to have all of the selections as each way. In this case, punters can place 52 different bets and still get a return if their choices do not finish first.
William Hill is one bookmaker that clearly labels Canadian bets on their desktop site and mobile apps. However, most bookmakers like BetVictor and PaddyPower provide Canadian Bet odds and profit calculators based on your wager and the game/race result combinations available.