Canadian Bet Explained
What Is a Canadian Bet?
The Canadian bet is also known as a Super Yankee bet which is an extension of the original Yankee bet. In the original Yankee bet, it’s a combination of 4 selections, while in the Canadian bet there is one more selection. There are 26 bets in all in a Canadian, the bet is based on 5 individual selections which are broken down as 10 doubles, 10 trebles, 5 fourfolds and 1 fivefold. There is no place for singles in this betting system. This bet is a Full Cover Bet which means it covers all of the possible bets for five selections. To claim a win, you have to predict at least two outcomes correctly but if you lose a single bet from that combination, you will end up with a loss.
A sample Canadian bet.
How Does the Canadian Bet Work?
The Canadian consists of a total of 26 bets in the set of 5 selections. We have to place 26 different bets while using this betting system. Let’s say we have to place a £1 Canadian bet which will end up costing a total of £26. This is because we will be placing 10 doubles (£10), 10 trebles (£10), five fourfolds (£5) and a fivefold (£1). The selection includes bets of doubles, trebles, fourfolds and fivefolds.
Let us take a closer look at them one by one.
This bet is the simplest one among all selections. It allows us to bet on the outcome of two separate events that will be helping us to wager on two selections. To win this bet, both of our selections have to win.
A treble includes three selections. This bet includes higher risk. To win this bet, all three of your selections have to come out on top to win. If even one of your selections doesn’t make it, you lose the entire treble bet.
It is a simple combination of 4 bets which might seem to be complicated but is indeed easy to work on. To win this fourfold, like other bets, all four of your selections have to win for you to earn a return which is quite difficult to achieve compared to a double or treble.
A fivefold includes all five selections. Every single one of those selections has to win for you to get a return, which seems more difficult than others.
Let’s look at the selections:
|Part||Selection Permutations (1-5)||Number of Bets|
|Double||12, 13, 14, 15, 23, 24, 25, 34, 35, 45||10|
|Treble||123, 124, 125, 134, 135, 145, 234, 235, 245, 345||10|
|Fourfold||1234, 1235, 1245, 1345, 2345||5|
Which Sports Will You Be Able to Place a Canadian Bet on?
This betting system can be applied to many sports and has been used for many years now. In general, the Canadian bet is more popular in horse racing. Many people place bets on horses and riders using this betting system which may help them to gain more profit for lower investment as the return from this betting type is bigger if got right. Apart from horse racing, this system is also widely used in football.
Football is a game particularly beloved in western countries and followed by fans all over the world. Needless to say, there are many reputed football competitions that continuously take place throughout the year. Therefore, many people use the Canadian betting system to get maximum returns from placing their bets on this game. Similarly, this betting system is used in ice hockey, one of the most popular sports in Canada.
Example of a Canadian bet:
Let’s say we have placed a £1 Canadian bet which will end up costing a total of £26. This is because we will be placing 10 doubles (£10), 10 trebles (£10), five fourfolds (£5) and a fivefold (£1) which means we have actually paid £26 for the total stake.
- If we lose all the bets from all selections, then we will be losing the original £26 stake.
- If we manage to get one selection right, while four others lose, we will be losing our £26 stake.
- If two results win, that means one of the doubles in the Canadian bet wins. However, it will only return £4. Therefore, we have made a £22 loss on the bet.
- Furthermore, if three results win, then that will bring some good news for us as a three-result win means we will be taking £20 home. Unfortunately, we have still lost £6 from the initial stake.
- If we guessed four results correctly, this would mean a good profit for us. Four wins will bring a £72 return on an initial £26 stake.
- If we got five results correct and were able to achieve five wins, then we would really hit it big. Five wins from a £26 Canadian bet at even odds guarantee a £232 payout.
This once again shows why the Canadian bet can be so useful in the long run and is mainly used in horse racing games. If all five wins occur, you have just made a brilliant £206 profit.
Pros and Cons of the Canadian Bet:
- The Canadian bet is a combination of a few bets so, in this betting system, the one who places a bet gets a high chance of winning from these selections.
- This betting system allows you to win highly profitable margins from the game if you place the right bet at the right time because the total number of bets in this combination is 26.
- Similarly, it offers you a chance, in case you lost your money in the previous selections, to cover your losses at the end of the game.
- Its selections are very simple and easy to understand for placing a bet.
- If you’re interested in going for a high win but still want to see a return if you fall short, the Canadian could be the right way to go.
- You have to be very patient so that if you lose money in the early selections, the further selections can cover up your loss.
- The stake value for this system is very high as you have to pay 26 times what you would have done initially.
- Single bets are not included in the Canadian bet. With no singles, there is a higher risk involved when placing the Canadian bet.
The key to the Canadian betting system is to understand it thoroughly. The good thing is, it’s rather easy to understand. The absence of single bets makes it a little bit risky but with sound knowledge of the sport you are betting on and the use of the Canadian betting system, you can still make a good profit. We hope this article has helped you get a better understanding of the Canadian betting system.