Canadian Bet explained

Everything you need to know in one handy place!

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Betting can be a complicated old business. From Lucky 15s to Heinz and tricast bets, there’s a lot to get your head around. But fear not, we’re here with a handy explainer or two to clear up some of the more technical terms you might not be aware of.

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Ever wondered what is a Canadian Bet? What is a Super Yankee? First off, they’re one and the same. Here’s the ins and outs of this particular way to play.

Canadian Bet Explained

Multiple or “system” bets go beyond your run-of-the-mill accumulators. For the most part, they allow you to place multiple bets to cover all potential outcomes from a set of selections. The Canadian bet or Super Yankee bet, as it’s sometimes called, is one of these bets. The Canadian bet transforms five selections into 26 bets.

If you find this confusing, you’re not alone! Many bettors need the Canadian bet explained. Here, we’ll explain the Canadian bet, how it works, and how you can use the Canadian bet.

What is a Canadian bet?

The best way to explain a Canadian bet is to say that it’s a bet that covers all potential accumulator bets from five selections. Instead of wagering on a five-fold for one bet, a Canadian bet gives you 26 bets on all of the outcomes of doubles, trebles, four-folds, and the five-fold.

How does a Canadian bet work?

What makes many people search for Canadian bet explained is that it doesn’t quite behave as other multiple bets work. Smaller ones, like the Lucky 15, bet on everything from singles to the four-fold. The Canadian bet only divides your wager between the doubles and greater.

So, your wager gets divided by 26 to cover each of these possible arrangements. You place one wager, and it backs all 26 within the Canadian bet. If one selection loses, you could still win on bets that don’t feature that selection.

How to calculate a Canadian bet

To calculate a Canadian bet, you need to work out the number of potential double, treble, four-fold, and five-fold combinations from your five selections. Luckily for you, we’ve already done that. Here are all of the bets within a Canadian bet, with each selection given a letter name.

  • Doubles (10): A-B, A-C, A-D, A-E, B-C, B-D, B-E, C-D, C-E, D-E
  • Trebles (10): A-B-C, A-B-D, A-B-E, A-C-D, A-C-E, A-D-E, B-C-D, B-C-E, B-D-E, C-D-E
  • Four-Folds (5): A-B-C-D, A-B-C-E, A-B-D-E, A-C-D-E, B-C-D-E
  • Five-Fold (1): A-B-C-D-E.

The key thing to understand when you get the Canadian bet explained is that each bet is an individual. You will place one wager on the bet slip. However, that bet will be split equally between each of these accumulators. One selection losing won’t result in the entire Canadian bet losing.

In the same way, each of these combinations gets its own set of odds. You’ll be shown the potential returns in the bet slip if all of your selections in the Canadian bet win. Should any lose, you’ll get a payout, but it will be smaller.

To get the calculations for the Canadian bet explained, you’ll need to know the odds of each selection and work out the odds for each accumulator within the Canadian bet. Then, you can add up the returns on combinations of accumulators if any one, two, or three teams lose.

What sports can I place a Canadian bet on?

The Canadian bet doesn’t just apply to Canadian sports. You certainly can use the Canadian bet on the likes of ice hockey and Canadian football, but you can also use it on other sports. Football, horse racing, cricket, rugby, American football: you name it, and you can use a Canadian bet on it.

The key is the sports markets that you’re betting on. Sometimes, you can’t mix markets or use certain markets for the Canadian bet option to appear. Still, if you can make an accumulator out of your five selections, you can probably place a Canadian bet.

Shane-Lowry-Canada-2019

How do I place a Canadian bet?

To place a Canadian bet, you need to:

  • Click on the odds for your five selections;
  • Open the bet slip;
  • Go down to the Multiples section and click on Canadian;
  • Input your total bet amount (which will be divided into 26 equal bets);
  • Press the green Place Bets button to secure your Canadian bet.

With the Canadian bet explained, you now know how to conveniently bet on multiple outcomes for what would have been a straight-up five-fold.

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