Canadian Bet Explained
When learning about system wagers, a Canadian bet is one of the options that come up. It is a practical solution when you wish to bet on five selections. Also called a Super Yankee, a Canadian bet can appear complex, especially for beginners. Therefore, it helps to try free betting first before gambling real money. This guide explains Canadian betting in football, horse racing and other sports to help punters get the most value from their stakes.
Best Bookies for Canadian Bets
Although a Canadian bet is fairly common, not every betting site night be the best suited for it. So, we compiled a list of top bookmakers that support Canadian bets. All our recommended sportsbooks are licensed and registered. Check the availability of bonus offers and free bets to boost your gambling into a win.
|Bookmaker||Welcome Bonus||Highlights||Rating||Visit Bookmaker||T&C|
|🥇 888sport||£30 Free Bet||Markets: 99, Bet Types: 41, Odds Levels: 94.25%||5.0 out of 5||www.888sport.com||Full T&Cs Apply! New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply & Full T&C’s apply|
|🥈 Betway||£10||Markets: 91, Bet Types: 39, Odds Levels: 94.01%||4.9 out of 5||www.betway.com||Full T&Cs Apply! *New customers only. Min Deposit: £10. First deposit matched up to £10. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only. This offer is valid for 7 days from your new account being registered.|
|🥉 MansionBet||Bet £10||Markets: 87, Bet Types: 33, Odds Levels: 94.99%||4.8 out of 5||www.mansionbet.com||Full T&Cs Apply! * New customers only, min deposit and bet £10 (£20 if E/W bet) from UK Debit card only. Paypal not accepted. Min odds evens (1/5 per multi selection). 4x £5 Free Bets valid for 7 days, stake not returned, no cash out.|
What is a Canadian Bet?
You might not know about the Canadian bet right away when you get into sports betting, but you will in a while. Wagering on multiples is one of the ways to maximise winnings, so punters are always looking for these bet types. A Canadian is a bet that allows you to wager on five different selections with 26 equal wagers. It is considered an advanced form of the Yankee, hence the name Super Yankee. Horses are the most popular markets for Canadian bets, but they are suitable for a host of other markets. The five events on the wager form 10 doubles, 10 trebles, five four-fold accumulators and a five-fold. In an example where you want to bet on events A, B, C, D, E, the combinations would look like this:
10 x doubles with bets like A+B, A+C, A+D, and so on. 10 x trebles with combinations like A+B+C, A+C+D, A+D+E, and so on. 5 x four folds with bets like A+B+C+D, A+C+D+E, B+C+D+E, and so on. 1 x five-fold with all selections – A+B+C+D+E
With a Canadian bet, you need two selections to win to see a return. With every successful selection, your winnings multiply, which is part of the appeal of gambling on multiples. If all five picks were to win, then you would pocket an attractive return. The Canadian does not include single bets, meaning that it is not a true full-cover bet. Hence, one winner from your wager would not generate any payout, unless the bookmaker is offering some kind of bonus on singles. As is the case with system bets, the Canadian is an alternative to an accumulator that would combine all these events in one bet. In traditional accumulators, you need all your selections to win to see a return. So, despite the bets having big potential profits, they are too rigid. The Canadian is designed to give you more room for error when betting on five events.
How Does a Canadian Bet Work?
With the basics of Canadian bets explained, you have an idea of what happens if you wager on this bet type. Demystifying the Canadian is only the start. By the end of this guide, you should be able to place a Canadian on desired selections. So, you know the number of double, treble, four-fold and five-fold bets that make up a Canadian. Placing them should not be too hard. You only have to identify the five events that you intend to wager on.
Then you can add them to your bet slip, click on the permutations section and input the unit per bet. As with all multiple bets, you can wager on a Canadian as win only or each way. Betting each way means that you are staking cash on a particular choice to place or win. Therefore, you end up with twice the number of bets. Although the initial investment is higher with an each-way Canadian, the potential payouts can be extremely rewarding.
You don’t have to dive right into Canadian betting if you are still unsure. Free bets and no-deposit bonus promotions are excellent ways to practice this wagering system. Of course, the wins from free wagering might not always be available for withdrawal. When betting a Canadian, you don’t have to fret about assembling the permutations yourself, the bookmaker does that automatically. You should focus on finding the most suitable selections for a Canadian bet. The Super Yankee works when gambling on markets with short odds. The different combinations enable you to multiply returns, thus getting more value.
Win with a Canadian Bet
A Canadian starts bringing in a return with two winning picks. The point of using combinations is to boost potential payouts as much as possible. However, you can’t always be certain that your choices will win. Spreading out your wagers in a Canadian bet covers most of your bases. If two of your selections wins, then you have at least a double bet that will pay. The size of your payout depends on the successful bet.
For example, you would make more profit if one of the four-fold wins rather than a treble. Although two winners generate a return, you have to know that it is only a small percentage of your total stake. It would take at least three selections to win to get a profit. Of course, the market odds also matter a great deal. Even though a Canadian does not depend on big-priced picks to see a return, take the time to find the best odds.
Note that in horse and greyhound races, if one of the participants is withdrawn, then the rule four deductions apply. Therefore, you would receive a smaller return than anticipated if a non-runner wins. A Canadian bet can be lucrative if all the picks turn out well. For this reason, bettors should be cautious about the events on which they choose to bet.
With 26 bets in your wager, working out your payout can be daunting. A Canadian bet calculator makes this easy. You only have to input the odds and stake to get the return from winning selections. The tool allows you to work win-only and each-way wagers. Punters have numerous free bet calculators to choose from online. Look up the features of a free bet calculator to ensure that it suits your needs. For instance, you can find a free application that includes rule four automatically.
Canadian Bet Example
Seeing a Canadian bet in action should help you understand the multiple wager better. Football is one of the most popular sports to bet with a Canadian, so we will use it for this example. We decided to wager on five EPL Championship games: Nottingham Forest vs West Brom, Bristol City vs QPR, Leeds Utd vs Middlesbrough, Hull City vs Reading and Birmingham vs Bolton.
We place £5 per bet for a total of £130. We bet on the first four selections to draw at prices of 3.10, 3.10, 3.20, and 3.10 respectively, and Birmingham to win at 2.05. If West Brom and Bristol City drew their matches, then the return would be £48.05. See, although we didn’t lose our stake entirely, this payout is still a loss. Now, if the first three predictions were correct then we would have three successful doubles and a treble returning £301.01, which is a profit of £ 171.01. If we got four choices right, the payout would be £1,014.43 or £1,379.84 depending on the winners. Our return of all picks would be £ 4,336.64.
When working out payouts for a Canadian, remember to convert the odds format to decimal if you are using fractional. You do this by dividing the top and bottom number then adding one. For example, 3/2 becomes 2.25.
Our Conclusion to Canadian Betting
Betting on several events can be challenging, especially when looking to get the most value from your bankroll. A Canadian bet is one of the wagers to consider. It is suitable when gambling on five different selections. If you are confident about getting two or more picks correctly, then this wager might be for you. The Canadian bet allows you to string several multiple bets together, thus saving you the restrictions of a traditional accumulator. However, you need to be strategic about how you bet if you are to squeeze maximum value from a Canadian bet. Note that a Canadian has a higher risk than a Lucky 31 due to the lack of singles.
After reading this guide, you should be better equipped to bet a Canadian. However, understand that this bet type doesn’t work for everyone. The number of bets alone will have most punters thinking twice about using the system wager. Also, there is the cost of the bet, which can be high depending on how much you wish to stake on a single wager. Therefore, analyse your gambling requirements keenly before staking money on a Canadian bet. Look through various examples to learn how to calculate potential returns from the wager. Ensure that you find reputable and regulated sportsbooks that support combination bets. Whatever sports you intend to wager on, compare odds to find the most competitive offerings. Also, look for bonus offers because they can boost your earnings significantly by letting you stake bigger amounts on your wagers.
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FAQs to Canadian Betting
💷 How much does a Canadian bet cost?
If you bet a Canadian, then all the wagers must be of equal value. Therefore, your total stake would be the price per bet multiplied by the number of wagers. For example, if you are betting £1, then the initial unit would be £26 (£1x26). This price doubles if you are betting each way because you have to wager in each pick twice. Due to the potentially high cost of a Canadian bet, you have to be certain that you can afford it before placing stakes. Note that your stake influences the return. You can use a free bet calculator to see how much your investment would generate.
🤔 Is a Canadian bet a good bet?
The Canadian is a worthwhile betting option if you fancy five events and want to stake money on them. If you bet a Canadian, then you don't need all the selections to win to get a payout. A winning double gives you some sort of return, albeit a small one. However, you are confident that every correct pick adds to your payout. For this reason, it is a viable alternative when looking to spread your wagers without tying your entire unit stake in a conventional accumulator. A Canadian bet enables you to diversify your risk, which is essential in sports betting. The absence of singles still poses some risk, though. So, if you prefer betting on five events with single bets, then a Lucky 31 is most suitable. However, a Lucky 31 has 31 wagers since it has five additional singles, and that means spending more on your initial stake. Evaluate your gambling options and budget carefully before deciding on the right bet. Placing a Canadian for free first is a good way to decide if it's worthwhile.
👍 Is a Canadian bet the same as a Super Yankee bet?
Yes. Super Yankee is sometimes used to refer to the Canadian. The term gets its origin from the Yankee bet. In a Yankee, you wager on four selections with 11 bets. They consist of 6 doubles, four trebles and a four-fold accumulator. So, a Super Yankee, with its 26 bets, is considered an enhanced Yankee. Therefore, when you see bookmakers that offer odds for Super Yankee wagers, then it means Canadian betting is available. Take the time to try out the Super Yankee for free if a betting site allows it to familiarise yourself with the wager.