What Is A Canadian Bet?
Canadian bets are typically the preserve of the seasoned bettor. Why should they have all the fun?
Also known as a ‘Super Yankee’ a Canadian bet consists of five selections across different events that are then combined into 10 doubles, 10 trebles, five fourfold accumulators and one fivefold accumulator.
With the bet consisting of 26 elements, a £1 stake will require a £26 outlay. A £1 each-way Canadian costs £52.
With no singles included in the bet two selections minimum must win to gain any returns.
Win Only Canadian
Let’s take a look at an example of a win only Canadian bet for horse racing betting.
First, we need five applicable selections. In this case, we have made up five horses competing in the British Classics across the flat season upon which to place an ante-post bet. They are –
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Sir Winalot to win 2000 Guineas at 14/4
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Don’t Fail Me Now to win 1000 Guineas at 8/1
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Living On A Prayer to win The Oaks at 5/1
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Fancy Dan to win The Derby at 5/1
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Electric Dream to win St Leger at 7/4
As outlined above, the overall cost for a £1 win only Canadian on these five selections will be £26, a sum willingly parted with should all five horses win. That’s because a clean sweep in this instance brings in just a shade under £30k!
But of course wholly successful accumulators are rare. What matters potentially more is how well a Canadian bet pays out when a couple of picks romp home, but the rest don’t.
In order to see a return on your money in this bet, you must have at least two winning selections.
In this case, if only the first two horses win, the bet would still return £135. This would give odds of more than 4/1 on the initial stake used to strike the bet.
These are very generous odds for a multiple bet that has only been partially successful.
If three selections come in incidentally, that would bring the trebles into play. That’s when returns can really sky-rocket.
Each-Way Canadian
In this instance, we will retain the five selections from the bet used in our win only Canadian above and contrast the payout versus staked amount for going each-way on the bet instead of just win only.
The overall cost of the bet doubles to £52 when we make it each way but crucially the profit also rises.
While the rise may not look significant at first glance, it is worth exploring how much of this is related solely to the each-way part of the bet.
In this instance, if all selections are placed only – no winners – the payout for the £52 stake would be £551.98, giving an overall profit of just under £500.
This Canadian bet example shows how going each-way on a multi bet such as this can prove to be quite lucrative in the long run!
It is also worth noting that you do not have to rely on bigger priced winners to make Canadian bets pay a strong dividend.
Canadian Betting Tips
Whether your wager consists of an accumulator, a single, or is on the live betting markets, the number one tip remains the same regardless: research your subject properly.
Study the form. Listen to the experts. Moreover, don’t stray beyond your own area of expertise.
This last point is pertinent when it comes to Canadian betting because it is a betting strategy that can be used in any number of different sports, from the obvious pursuits such as football and horse racing through to motor racing and American sports.
Whichever sport it is that you are most knowledgeable on, go with that, initially at least.
That’s because it is difficult enough to make a profit from any kind of multiple bet when you’re making informed decisions. Without that insight you may as well randomly fill out a Lotto ticket.
How To Calculate A Canadian Bet?
If you are considering placing a bet of this type and are not completely sure of the initial stake to set in relation to the potential payout returned, you might find a Canadian bet calculator to be a very useful accomplice in getting you started.
When looking for this resource, you should keep in mind that it could be called a Super Yankee bet calculator.
Canadian Bet FAQs
What Is A Canadian Bet?
The Canadian bet is made up of 26 different permutations: 10 doubles, 10 trebles, five four-folds and a five-fold accumulator.
Single bets are NOT included in the Canadian – this particular bet type is made up purely of different multiples.
Is A Canadian A Good Bet?
Yes – the Canadian is a good and exciting bet for punters. If you have two selections winning at any given time, there is added excitement with the knowledge that another pick winning will give you 10 trebles as well as the doubles.
With no singles, there is a higher risk placing a Canadian than there is a Lucky31.
However, the reward is greater due to the lower stake but still a chance of winning high.
How Do You Place A Canadian Bet With 888sport?
Once you’ve picked your five selections, add them into your bet slip and then click on the permutations section. Then, scroll to the bottom of the slip and enter your ‘per bet’ stake in the Canadian section.
For example, a £1 Canadian would cost £26 due to the 26 selections. In total, you will be placing 10 doubles (£10), 10 trebles (£10), five four-folds (£5) and a five-fold (£1).
Can You Do An Each Way Canadian Bet?
Yes – 888sport allow punters to place each way Canadian bets on a number of sports.
All you need to do is follow the same steps in the section above but remember to tick the each-way box next to the Canadian bet.
If you still wish to wager £26, you will have to halve the total stake before ticking the each-way box. For example, £0.50 and selection each way to cover £1.
If you want to play a £26 wager, you will need to place a 50p each way Canadian bet.
When Is A Canadian The Best Option?
Punters opting for the Canadian wager should remember that there are no singles covered in the bet.
Therefore, if the bettor believes that at least two selections will win, the Canadian becomes an attractive option.
