A Canadian Bet belongs to the category of Full Cover bets because it entails all multiple bets. You might have heard of a Super Yankee bet before? Well, this is just another name for a Canadian Bet. Read up to learn more about it, how you can place it, and how you can use the Canadian Bet Calculator.
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Parts of a Canadian Bet?
Comprised of 26 bets across five selections. Here’s what a Canadian composition looks like:
- ten doubles
- ten trebles
- five fourfolds
- one fivefold
If you want to make a profit using this bet type, you need to have two winning selections.
Canadian Bet explained
A Canadian Bet is one of the more complicated ones as it encompasses lots of bets across quite a few selections. This is why we recommend using a Canadian Bet Calculator if you want to make sure that your calculation is accurate. We’ll cover this topic in greater detail later. Now, let’s see how to place this bet.
How to place a Canadian Bet: A step-by-step guide
- Select the betting market you want to bet on.
- Add your desired five selections to the bet slip.
- Enter how much you would like to stake in the designated box.
- Confirm the bet.
You can place this bet on a variety of sports. However, it’s most common among punters who bet on football and horse racing, for example.
Here’s an example of a Canadian Bet placed on football.
You need five selections. They will be the following: Team A to beat Team B. Then, Team C to beat Team D. Team E to beat Team F. Then, Team G to beat Team H. Finally, Team I to Beat Team J.
Then you will have ten doubles, ten trebles, five four-fold accumulators, and one five-fold accumulator featuring these teams.
As this bet contains 26 bets in total, this would mean that if you placed £1 on each, you would need to stake £26 in total. Let’s say that hypothetically the odds for each selection are 2/1, this would mean that by staking just £26, you could make a profit of £982.
How does a Canadian Bet work in Horse Racing?
Canadian Bets are very popular among punters who prefer placing bets on horse races. As there are no single bets in a Canadian, you need to select two winners to get a return.
Let’s say that all five horses you want to bet on are given the odds of 3/1 If all of them win, you can expect quite a return. If for the sake of our example, you placed £1 on each bet, it means that your total stake would amount to £26. With the odds of 3/1 on all horses in a Canadian, your entire return would amount to £3,104.
Canadian Bets on other sports (football, etc.)
This bet type is very popular among punters because it can be used for betting on various sports. Even though it’s most popular in horse racing and football, you can place it on cricket, basketball, etc.
How to Use a Canadian Bet Calculator?
Using a Canadian calculator is very easy. Here’s a step-by-step guide of how you would typically use it.
- Enter your five selection and their status (Won, Placed, Lost, Void NR).
- Enter their odds.
- Select whether you want an each-way Canadian.
- Calculate your bet.
Use our Canadian Bet Calculator here.
Let’s finish this article with a few of the most common question about this bet.
How do I calculate returns from a Canadian Bet?
You can do this either by hand or by using a Canadian calculator. We surely recommend the latter as it will provide a much quicker and more precise result.
Why use the Canadian Bet Calculator?
We recommend using the Canadian calculator as this bet type is rather complex. Calculating by hand can be time-consuming and lead to potential error-making. This is why using a calculator is more than handy.
Is it a good type of bet?
This bet type is an excellent option for anyone who prefers complicated bets that require a little more effort than traditional ones. And this is the reason it is so popular among punters.
How do you win a Canadian Bet?
You need to have two winning selections to be on the receiving end of a return when you place this bet.
See all the main bet calculator here.