What Is a Canadian Bet? Detail Explanation and Practical Example

A Canadian bet, also known as a Super Yankee, is a multiple-bet strategy commonly used in sports betting. It involves five selections, and it consists of 26 bets in total: ten doubles, ten trebles, five four-folds, and one five-fold accumulator. This article delves into the intricacies of the Canadian bet, explaining its concept, how it works, and when to consider applying it to your sports wagering endeavors. Let's dive in!

1. What Is a Canadian Bet?

The Canadian bet offers a balance between risk and potential reward, making it a popular choice for sports bettors looking to maximize their chances of winning while still allowing for substantial returns.

1.1. Canadian Bet Explained

A Canadian bet, often referred to as a "Super Yankee," is a type of multiple bet or combination bet in sports betting. It consists of a total of 26 bets on five selections (also known as legs), which are made up of 10 doubles, 10 trebles, 5 four-fold accumulators, and 1 five-fold accumulator.

Here's a breakdown of the components of a Canadian bet:

• Doubles: There are 10 possible combinations of doubles, meaning you bet on all possible pairs of your 5 selections.
• Trebles: There are 10 possible combinations of trebles, which involves betting on all possible combinations of three of your 5 selections.
• Four-Fold Accumulators: You have 5 different four-fold accumulators, each consisting of four of your 5 selections.
• Five-Fold Accumulator: You have one bet that covers all 5 selections in a single accumulator.

The appeal of a Canadian bet is that it provides a wide range of potential payouts because it covers various combinations of your chosen selections. However, it is important to note that this type of bet can be relatively expensive as you are placing 26 separate bets. For a Canadian bet to yield a return, at least two of your selections must be correct.

1.2. Canadian bet example

Example 1: Canadian Bet in Football Betting

In football betting, a Canadian bet is an exciting way to wager on multiple matches. Let's consider the following selections:

• Match 1: Team X to Win with odds of 2.00
• Match 2: Team Y to Win with odds of 3.50
• Match 3: Team Z to Win with odds of 4.00

A Canadian bet would involve 26 different bets, covering all possible combinations of doubles and the five-fold accumulator:

Doubles (10 bets):

• Match 1 and Match 2: 2.00 x 3.50 = 7.00
• Match 1 and Match 3: 2.00 x 4.00 = 8.00
• Match 2 and Match 3: 3.50 x 4.00 = 14.00

Four-Fold Accumulators (5 bets):

• Match 1, 2, 3, and two other selections: For example, 2.00 x 3.50 x 4.00 x (two other selections)
• Match 1, 2, 3, and two different selections
• Match 1, 2, 3, and two other selections
• Match 1, 2, 3, and two different selections
• Match 1, 2, 3, and two other selections

Five-Fold Accumulator (1 bet):

• Match 1, 2, 3, and the two other selections

If you bet $10 on each of the 26 combinations and all five teams win, you would receive a payout based on the odds of the winning accumulators.

Now, let's calculate the overall return:

• Five-Fold Accumulator: $10 bet x Total odds of five selections = $10 x (2.00 x 3.50 x 4.00 x Odds of two other selections) = $10 x (2.00 x 3.50 x 4.00) = $280.00
• Four-Fold Accumulators (5 bets): Each of these accumulators has the same stake and odds as the five-fold. So, each would also pay out $280.00.
• Doubles (10 bets): These payouts are based on the odds of the selected doubles. For example, if Match 1 and Match 2 win, the payout would be $10 x 7.00 = $70.00.

So if all five teams win, the player would receive $280 for the five-fold accumulator plus $280 for each of the five four-fold accumulators, totaling $280 x 6 = $1,680. In addition, the player would receive payouts for any winning doubles.

Example 2: Canadian Bet in Horse Racing Betting

In horse racing betting, a Canadian bet is a dynamic way to bet on multiple races. Let's consider the following selections:

• Race 1: Horse A to Win with odds of 2.50
• Race 2: Horse B to Win with odds of 3.80
• Race 3: Horse C to Win with odds of 4.20

A Canadian bet would involve 26 different bets, covering all possible combinations of doubles and the five-fold accumulator:

Doubles (10 bets):

• Race 1 and Race 2: 2.50 x 3.80 = 9.50
• Race 1 and Race 3: 2.50 x 4.20 = 10.50
• Race 2 and Race 3: 3.80 x 4.20 = 15.96

Four-Fold Accumulators (5 bets):

• Race 1, 2, 3, and two other selections: For example, 2.50 x 3.80 x 4.20 x (two other selections)
• Race 1, 2, 3, and two different selections
• Race 1, 2, 3, and two other selections
• Race 1, 2, 3, and two different selections
• Race 1, 2, 3, and two other selections

Five-Fold Accumulator (1 bet):

• Race 1, 2, 3, and the two other selections

Now, let's calculate the overall return:

If you bet $10 on each of the 26 combinations and all five horses win, you would receive a payout based on the odds of the winning accumulators.

If all five horses win, the player would receive $399 for the five-fold accumulator plus $399 for each of the five four-fold accumulators, totaling $399 x 6 = $2,394. In addition, the player would receive payouts for any winning doubles.

Note: These calculations are based on the assumption that all selections are correct. The actual returns will depend on the outcomes of the events. If fewer selections are correct, the returns will be lower.

1.3. Is a Canadian a Good Bet?

A Canadian bet, like any type of betting strategy, has its own advantages and disadvantages. Whether it's worth it depends on your personal preferences, risk tolerance, and betting goals.

Here are some factors to consider:

Advantages of a Canadian Bet:

• Potential for High Returns: A Canadian bet can lead to significant payouts if multiple selections are correct. The combination of doubles and trebles offers various ways to win.
• Risk Management: Canadian bets can help spread your risk across multiple selections. You can still make a profit if only a portion of your selections is correct.
• Excitement and Variety: For those who enjoy a more intricate betting experience, Canadian bets offer a variety of combinations and increase the excitement of following multiple events.
• Flexible Selections: Canadian bets can be used in various sports, such as football, horse racing, and others, making it versatile.

Disadvantages of a Canadian Bet:

• Costly: Betting on multiple combinations can be expensive. You're placing 26 bets in a Canadian bet, so the initial stake is multiplied.
• Higher Risk: While it spreads the risk, it also requires more correct selections to secure a profit. If most selections are incorrect, you can face significant losses.
• Complexity: Managing and understanding all the different combinations in a Canadian bet can be challenging for some bettors.

So who is a Canadian bet suitable for?

Canadian bets are ideal for bettors seeking substantial returns, as they offer the potential for significant payouts based on multiple selections. Those who enjoy a more complex and thrilling betting experience, with various combinations to follow, will also find Canadian bets appealing. 

However, these bets come with a moderate level of risk, and bettors should be comfortable with the possibility of losses. Additionally, due to the cost associated with placing 26 bets, having a robust betting bankroll is essential for those considering Canadian bets.

2. How Does a Canadian Bet Work

A Canadian bet, also known as a "Super Yankee," is a comprehensive multiple betting strategy that involves selecting five events in sports like football or horse racing. 

It includes a total of 26 bets, combining doubles and a five-fold accumulator. Ten double bets cover every pair of your selections, and the remaining part is a single accumulator including all five selections. To secure a return, you need at least two correct selections, and the more that is right, the higher the potential payout.

3. Calculating Canadian Bet Winnings

Calculating the potential winnings of a Canadian bet can indeed be complex and time-consuming, especially when considering all the various combinations involved. Using a dedicated Canadian bet calculator can make this process much more efficient and accurate. 

These calculators allow you to input your selections and stake, and they will automatically calculate the potential returns based on the outcomes of your chosen events. This simplifies the process and provides you with a clear understanding of your potential payouts without the need for manual calculations. 

Access the Canadian bet calculator and refer to the guide for using our free bet calculator to quickly estimate your potential winnings!

4. How Many Selections Need to Win for a Canadian Bet to Be Profitable?

The profitability of a Canadian bet, often known as a Super Yankee, is contingent on the number of winning selections and their respective odds. Let's explore this with an example:

Imagine you place a £1 Canadian bet with a total stake of £26. Each of your five selections has odds of 3/1.

• If none of your selections win, your return is calculated as: (£1 x (3/1 + 1))^26 - £26 = £0. In this case, you will lose £26 stake.
• If one selection wins, the calculation remains the same, considering one successful selection. You will still have a loss of -£26 because there aren't any winning combinations.
• If two selections win, your return is £16, yielding a profit of -£10.
• If three selections win, your return jumps to £112, resulting in a profit of £86.
• If four selections win, your return increases to £608, and your profit is £582.
• If all five selections win, you receive a return of £3104, resulting in a profit of £3078.

In this Canadian bet example, having just one winning selection already puts you in profit territory, while the more successful selections you have, the greater your profit. It's essential to note that the odds assigned to your selections play a crucial role in determining the overall profitability of your Canadian bet. 

5. How to Place a Canadian Bet on an Online Betting Site?

Placing a Canadian bet on an online betting site involves several steps, and the process may vary slightly depending on the specific site you're using.

Here's a general guide on how to place a Canadian bet online:

1. Choose a Reputable Betting Site: Start by selecting a reputable online sports betting site that offers Canadian bets. Ensure that the site is licensed and regulated in your jurisdiction.
2. Create an Account: If you haven't already, sign up for an account on the betting site. You'll need to provide your personal information and create login credentials.
3. Fund Your Account: Deposit funds into your betting account using one of the available payment methods. Most betting sites accept credit/debit cards (Visa, Mastercard), e-wallets (Skrill, Neteller, Paypal), bank transfers, and other payment options.
4. Select Your Events: Browse the sports and events available on the site and choose the five selections you want to include in your Canadian bet. These can be matches, races, or other sporting events.
5. Add Selections to Bet Slip: Once you've made your selections, add them to your bet slip. The bet slip is usually located on the right or at the bottom of the screen.
6. Choose Bet Type: In the bet slip, select the Canadian bet option or equivalent multiple bet option. It may be labeled as a "Super Yankee" or similar, depending on the site.
7. Enter Your Stake: Input the amount you want to wager on the Canadian bet. Make sure the stake is consistent across all 26 bets within the Canadian bet.
8. Confirm Your Bet: Review your selections, stake, and potential returns. Once you're satisfied, confirm your bet.
9. Place Your Bet: Click the "Place Bet" or equivalent button to finalize your Canadian bet. The site will deduct the stake from your account balance.
10. Track Your Bets: After placing your Canadian bet, you can monitor the progress of your selections and potential winnings on the betting site. Many sites offer live tracking and cash-out options.

It's essential to understand the specific rules and terms of the betting site you're using, as they may have variations in how they handle Canadian bets and payouts.

6. Other Types of Bets

Here's a table introducing different types of bets along with how they work:

These bets offer different levels of complexity and opportunities for returns, making them versatile choices for various sports and events.

7. FAQs

Q1: On which sports can we place a Canadian Bet?

A Canadian bet, also known as a Super Yankee, can be placed on various sports, including but not limited to horse racing, football, tennis, and other team sports. It's a versatile betting option suitable for many sports events.

Q2: Why is a canadian bet called a canadian?

The origin of the term "Canadian bet" is not directly linked to Canada. Instead, it's believed that it was named after the "Canadian 303" system, which was a variant of this multiple bet. The name likely stuck, although it may not have any direct connection to Canada.

Q3: How many selections (horses) in a Canadian Bet?

A Canadian bet, or Super Yankee, consists of five selections of horses.

Q4: Is it better to bet Canadian or Lucky 31?

The choice between a Canadian bet and a Lucky 31 depends on your preferences, risk tolerance, and the nature of your selections. A Canadian bet involves more bets (26) compared to a Lucky 31 (31 bets), but it requires one less selection.

The key difference is that in a Lucky 31, you have the opportunity to receive a consolation return if only one of your selections wins. Consider your betting strategy and the number of confident selections when deciding between the two.