4ranews / Other / Guides / Canadian Bet Calculator

Canadian Bet Calculator

January 14, 2021, 12:37
1,052
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
Doubles 10
Trebles 10
Fourfold accumulators 5
Fivefold accumulators 1
Total 26

Canadian Bet Calculator

Basic Principles

You must always have in mind two basic principles to use while calculating the returns on any accumulator:

  1. Convert fractional odds into decimal odds;
  2. 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.

Rating:
(Rating: 0.00 , Votes: 0 )

Last articles

Top Lowest Team Scores in Test Cricket
Articles
February 21, 2022, 13:45 2,622
Top Lowest Team Scores in Test Cricket

Contents1 New Zealand, Auckland, March 1955 (26 all out)2 South Africa, Port Elizabeth, February 1896 (30 all out)3 South Africa, Birmingham, June 1924 (30 all out)4 South Africa, Cape Town, April 1899 (35 all out)5 South Africa, Melbourne, February 1932 (36 all out) In this article, we look at the lowest team scores in Test […]

Suresh Iyer
Highest Scores Ever in a Pro Kabaddi
Articles
February 21, 2022, 12:56 2,026
Highest Scores Ever in a Pro Kabaddi

Contents1 Season 5 Patna Pirates 69-30 Haryana Steelers2 Season 7 Patna Pirates 69-41 Bengal Warriors3 Season 3 Dabang Delhi K.C. 34-67 Patna Pirates4 Season 5 Bengaluru Bulls 64-24 U.P. Yoddha5 Season 8 Dabang Delhi K.C. 22-61 Bengaluru Bulls6 Season 7 Puneri Paltan 40-60 Dabang Delhi K.C.7 Season 1 Telugu Titans 60-24 Puneri Paltan8 Season 7 […]

Jishnu Brahmaputra
First-Ever Pink-Ball Test Match
Articles
February 21, 2022, 12:50 2,187
First-Ever Pink-Ball Test Match

Contents1 The Changes2 The First-Ever Day/Night Test3 Further Appearances of the Pink Ball4 Future of the Format In the era that we live in, almost everything worth watching is being made compact for consumers who have increasingly shorter attention spans. Even sports broadcasters are obsessed with making things quicker for audiences, with slow over rates […]

Jishnu Brahmaputra
When Was the First Ever Test Match Played?
Articles
February 21, 2022, 12:20 2,145
When Was the First Ever Test Match Played?

Contents1 Cricket: From Child’s Play to International Spectacle2 Prelude to the Match3 The Game Begins4 After the Fact Every sport that we know of today had its humble beginning somewhere, after which it was further polished and refined until it became the sophisticated, competitive spectacle we know and love today. Cricket: From Child’s Play to […]

Jishnu Brahmaputra
Longest Winning Streaks in Test Cricket History
Articles
February 21, 2022, 11:00 2,214
Longest Winning Streaks in Test Cricket History

Contents1 1. West Indies (27 Matches)2 2. England (26 Matches)3 3. Australia (25 Matches)4 4. Australia (22 Matches)5 5. India (19 Matches)6 6. England (18 Matches)7 7. Australia (18 Matches)8 8. Australia (17 Matches)9 9. India (17 Matches)10 10. Australia (16 Matches) Losses are an inevitable part of any game. Any team that plays a […]

Jishnu Brahmaputra
Top 10 Youngest Cricketers in Test History
Articles
February 21, 2022, 10:20 2,259
Top 10 Youngest Cricketers in Test History

Contents1 1. Hasan Raza (Pakistan)2 2. Mushtaq Mohammad (Pakistan)3 3. Mohammad Sharif (Bangladesh)4 4. Aaqib Javed (Pakistan)5 5. Sachin Tendulkar (India)6 6. Aftab Baloch (Pakistan)7 7. Talha Jubair (Bangladesh)8 8. Nasim-ul-Ghani (Pakistan)9 9. Naseem Shah (Pakistan)10 10. Enamul Haque Junior (Bangladesh) The word ‘prodigy’ is thrown around a lot in sports, usually every time a […]

Jishnu Brahmaputra