What is a Canadian Bet?

There are many different types of multiple bets, so you may be wondering, what is a Canadian bet? Sometimes known as a Super Yankee, the Canadian bet combines five different selections into a total of 26 bets. 

These bets are comprised of 10 doubles, 10 trebles, 5 four-fold bets, and a final five-fold accumulator. If you’ve not got your head around that just yet, don’t panic, we’re going to take a look at everything you need to know about Canadian bets. Soon you’ll feel confident making multiple bets at any of the best betting sites.

There are 26 individual bets in a Canadian bet, that come together to create one (massive) multiple bet. Below we’ll break down how many bets are in a Canadian and what they all are:

• 10x Doubles: A double is a bet on two winners of two different events
• 10x Trebles: A treble is a bet on three winners of three different events 
• 5x Four-Fold Bets: A four-fold bet is a bet on four winners of four different events
• 1x Five-Fold Bet: A five-fold bet is a bet on five winners of five different events
  

You must have an equal stake on each of the 26 bets. For example, if you wanted a stake of $2 then your total stake would be 2 x 26 = $52

One of the ways that a Canadian bet differs from other multiple bets is that not all of the bets need to win In order for you to make a profit. Generally speaking, for a Canadian bet to win you need at least two of your bets to win.

The amount that you win will be affected by the odds of the individual bets, as well as which of the bet types wins. Let’s take a look at an example below so that you can see how odds affect payouts.

Canadian Bet Payout Explained

We’ll use horse racing as an example, as this and football tend to be the sports where you’ll most often find Canadian bets. Let’s imagine you have an incredibly successful Epsom Derby day.

Your five selections and their odds are as follows:

• Persica in the Lester Piggot Handicap (9/2 or 5.5)
• Breege in the Princess Elizabeth Stakes (5/1 or 6)
• Royal Scotsman in the Diomed Stakes (17/2 or 9.5)
• City of Troy in the Epsom Derby (3/1 or 4)
• Misty Grey in the JRA Tokyo Trophy Handicap (7/1 or 8)

Once these are combined into the different bets in a Canadian that we covered above, an equal stake is put on each bet. Let’s say you have $3 on each bet, for a total of $78.

Your double bet on City of Troy and Persica is a winner. Your payout from this bet is:
(Stake of 3) x (odds of 5.5) = total return of $16.5 
(Return of 16.5) x (odds of 4) = total return of $66

So this double would net you $66 minus your initial $3 stake - almost enough to cover the bet, but not quite. You’d only need one more bet to come in in order for you to make a profit.

Full Payout Example of Canadian in Betting

All of these selections ended up winning on Derby day. Let’s take a look at what the payout would be from that $3/$78 Super Yankee.

As there are so many bets in a Canadian, the best way to calculate the returns from a Canadian bet is either to use an online calculator, or see if the online betting site calculates it for you.

The results from the above selections would result in a total profit of $35,663.25 from your $78 stake.

If you like the idea of a Canadian bet then there are some other similar bet types that you might like. All of the bets below are multiples that work in a similar way to Canadian bets.

• Patent: Three selections making up 7 individual bets
• Yankee: Four selections making up 11 individual bets
• Lucky 15: Four selections making up 15 individual bets
• Lucky 31: Five selections making up 31 individual bets
• Heinz: Six selections making up 57 individual bets