Canadian Bet Calculator
In this article about a Canadian Bet Calculator, we define a Canadian bet and show how to calculate the Canadian bet by guiding you through the basic principles to bear in mind while calculating the returns from any accumulator bet. We highlight the arithmetic you must do before placing a Canadian bet.
How to Calculate a Canadian Bet?
What Is a Canadian Bet?
A Canadian bet is a multiple bet that consists of five selections and involves a total of 26 bets, including 10 doubles, 10 treble bets, 5 fourfold accumulators and 1 fivefold accumulator as shown in the chart below.
|Components of Canadian Bet||Number of bets|
Canadian Bet Calculator
You must always have in mind two basic principles to use while calculating the returns on any accumulator:
- Convert fractional odds into decimal odds;
- Multiply the product of the decimal odds by the stake.
Example: Three Selections Win
- Let’s assume that you bet on five selections, namely A, B, C, D, E, and three of those selections (say, A, B and C) went on to win.
- In that case, you would win one treble (ABC) and three doubles (AB, AC and BC). If uniform odds of 1/1 were offered on each winning selection, we would first convert the fractional odds of 1/1 into decimal odds of 2.00.
- With 26 bets, your minimum stake would be ₹260 if you staked ₹10 on each bet.
- The yield on a treble can be arrived at by multiplying the product of the odds by the stake as ₹80 (2x2x2x₹10).
- Similarly, the yield on each double can be calculated as ₹40 (2x2x₹10). Hence three doubles would yield ₹120.
- Thus, your total yield would be ₹200, not enough to cover your initial stake of ₹260.
Lesson to Be Learned
If only three selections of a Canadian bet won, even odds (fractional 1/1, or decimal 2.0) offered on each selection would not be enough to earn you a profit.
What Odds Would You Need to Make a Profit if Two Selections Won?
If only two selections won, you would get a return on your bet on only one double. As we have seen earlier, the return can be calculated as a product of the decimal odds multiplied by the stake (₹10). We would need a yield of more than ₹260 if we wanted to make a profit on the Canadian bet. So, the product of the odds must exceed 26. One such combination is 6×5=30. This simply means that decimal odds of 6.00 on one selection and 5.00 on the other would be enough to earn you a profit. Similarly, decimal odds of 7.00 on one selection combined with decimal odds of 4.00 on the other would yield returns of 280. If decimals odd of 3.00 are offered on one winning selection, you would need minimum odds of 9.00 on the other to make a profit as the product of the odds, 27 (9×3), would exceed 26.
How Much Would You Earn If All Selections Won?
If all your five selections won with uniform decimal odds of 2.00, you would get a yield of ₹2320 on your initial stake of ₹260, earning you a profit of ₹2060.