When it comes to complexity, it is fair to say that a Canadian bet is one of the most complex betting types out there. However, with a bit of effort (and this guide), you can get to grips with it in no time at all. Keep reading and we promise that you will be much more knowledgeable when it comes to Canadian bets by the time you get to the bottom of the page.
What is a Canadian Bet?
A Canadian bet, sometimes referred to as a Super Yankee, is a complex bet, but it is also one of the most entertaining bets out there.
A Canadian bet is made up of twenty-six bets on five different selections. To make a Canadian bet you will need to place ten doubles, ten trebles, five four-fold accumulators as well as one five-fold. This is a Full Cover Bet. This type of bet is popular among those who love to place bets on horse racing, fans of other sports can also place such a bet.
Type of Bet
Number of Bets
So, you are probably sitting there wondering what has to happen in order for you to get a return. Well, you will be pleased to hear that you do not need to get all of your selections right in order to win some money. In fact, two winning selections will be enough for you to see a profit on your wager. Obviously, the more selection that you win, the greater your profit margin will be.
You should keep in mind that with a Canadian bet you are putting down 26 different bets, so you need to pay attention to how much you are going to wager. For instance, a N1,000 Canadian bet will set you back N26,000. For those who do not like to place big wagers, this might seem like a very high risk. However, if the results go the way that you predicted, you can see a lot of money entering your account.
When it comes to calculating your potential returns manually, it can be a bit of a tricky procedure. However, the majority of bookies that accept Canadian bets will do the hard work for you.
Bookmakers that Offer to Place Canadian Bets
Example of a Canadian Bet
To help explain things, even more, we will take a quick look at an example of a Canadian bet.
Let us say that you are a big basketball fan and you have chosen five results that all have even odds. You have placed the equivalent of $2 down, which means that your overall wager sits at $52.
If you are unlucky and see all five of your predictions lose, then you will lose all of the $52 wager that you placed. If one of your selections wins but the other four that you predicted to lose, then you will once again lose all of your wagers.
If you get two predictions right, one of your doubles have won. You will see a return of just $8 though, meaning you have lost $44. If you go on to get three right, you will see a return of $40, which means that you have still lost money.
However, once you reach four correct predictions, the profits will start to appear. Four correct predictions will see you get $144, which is a nice $92 profit. If five predictions happen to go your way, then you will see a payout of $464, which is a profit of $412.
This is a good amount, especially when you consider the fact that we made five even odds predictions. If you decide to make a Canadian bet and include some outsiders, you can win an awful lot of money if Lady Luck is your friend that day.
How to Place a Canadian Bet
As we said, a Canadian bet is one of the most complex bets that you will come across in your gambling career. However, although it can be a complex bet to understand, it is a type of bet that is pretty easy to place. Below we have outlined the process that you have to do if you want to make a Canadian bet.
- Enter your sportsbook account and choose the sport that you would like to put a Canadian bet on.
- Once you have made up your mind, select your five choices and they will automatically be added to your betting slip.
- Decide how much you would like to wager and enter that amount into the Canadian box. Always remember that the number that you put in this box will be multiplied by 26.
- If you are content with all the decisions that you have made, place your bet. Congratulations, you have just placed your first Canadian bet!
Tips When Placing a Canadian Bet
When placing a Canadian bet, we highly recommend that you avoid choosing favourites for all of your five selections. The reason for this is because if you only manage to get 3 out of 5 right, you will still probably not have covered your bet and there is definitely little chance of you walking away with any type of profit.
Betting on sports such as horse racing is a good idea with a Canadian bet as the odds for a horse with a good chance of winning could sit somewhere around the 3.00 mark. However, in a sport such as football, a team of odds of 3.00 is likely to be the underdog. Therefore, it stands to reason that it is better to bet on a favourite with odds of 3.00 than an underdog with odds of 3.00.
Our Opinion of Canadian Bets
Now we will take the time to look at some of the advantages and disadvantages of Canadian bets.
Canadian betting has become very popular, but why is this so? Well, to begin with, a Canadian bet gives players the chance to win substantial profit. As you are basically placing 26 single bets, if you manage to predict most of your selections correctly, then you could see yourself winning a nice fortune – the riskier your predictions, the more money you will stand to earn.
To add to this, unlike other multiple bets that you will find, you only need to get two selections right in order to win. You will not usually get enough to cover your bet, but it is better than losing all of your stakes.
Obviously, one of the main disadvantages of a Canadian bet is that it is very complex. Those who are beginners will find it pretty tricky to comprehend the conditions of a Canadian bet. Even those who have been gambling for a long period of time can have difficulties comprehending it. Therefore, in our opinion, if you are new to the sports gambling world, we highly recommend that you stay away from this type of bet. Once you become more knowledgeable in the arts of sports gambling, you can feel free to give it a shot.
To add to this, as you are placing twenty-six different bets, you are practically making twenty-six different wagers. Therefore, if Lady Luck is having a day off and none of your predictions come true, you could end up losing quite a considerable amount of money.