What is CANADIAN BETTING?
A Canadian bet is a 26-leg bet that can be backed if you have made five selections. The Canadian does not include singles and therefore is not a full coverage bet.
To answer the question as to what a Canadian bet is, here is a full definition of which betting lines are covered by the Canadian:
WIN ONLY CANADIAN
In order to see a return on your money in this bet, you must have at least two winning selections. In this case, if only the first two horses win, the bet would still return £135. This would give odds of more than 4/1 on the initial stake used to strike the bet.
As these odds demonstrate, Canadian betting – like many multiple option bets – offers excellent returns when you decide to place a bet on numerous selections but only some of them are successful.
In this instance, we will retain the five selections from the bet used in our win only Canadian above and contrast the payout versus staked amount for going each-way on the bet instead of just win only.
The overall cost of the bet doubles to £52 when we make it each way and the profit also rises as shown below:
It is also worth noting that you do not have to rely on bigger priced winners to make Canadian bets pay a strong dividend.
Below is the pay structure for a win-only Canadian on five selections at even money starting prices (this is based on a £1 win only bet):
ALL FIVE LOSE OR FOUR OUT OF FIVE LOSE – No bets win = £26 loss.
Two win – One double wins, making a return of £4 and a loss of £22.
Three win – This makes a return of £20 and a £6 loss.
Four win – This is where it starts to get better with a £72 return = £46 profit.
All five win – The profit really jumps here with all bets winning to make a £232 return and a £204 profit. Hopefully this makes things a little clearer on the Canadian bet, while also illustrating that you don’t always need to find longshots to make this bet profitable.
If you are considering placing a bet of this type and are not completely sure of the initial stake to set in relation to the potential payout returned, you might find a Canadian bet calculator to be a very useful accomplice in getting you started. When looking for this resource, you should keep in mind that it could be called a Super Yankee bet calculator.
Canadian Bet - FAQ:
Question 1: What Is A Canadian Bet?
The Canadian bet is made up of 26 different permutations: 10 doubles, 10 trebles, five four-folds and a five-fold accumulator.
Single bets are NOT included in the Canadian – this particular bet type is made up purely of different multiples.
Question 2: Is A Canadian A Good Bet?
Yes – the Canadian is a good and exciting bet for punters. If you have two selections winning at any given time, there is added excitement with the knowledge that another pick winning will give you 10 trebles as well as the doubles.
With no singles, there is a higher risk placing a Canadian than there is a Lucky31. However, the reward is greater due to the lower stake but still a chance of winning high.
Question 3: How Do You Place A Canadian Bet With 888sport?
Once you’ve picked your five selections, add them into your bet slip and then click on the permutations section. Then, scroll to the bottom of the slip and enter your ‘per bet’ stake in the Canadian section.
For example, a £1 Canadian would cost £26 due to the 26 selections. In total, you will be placing 10 doubles (£10), 10 trebles (£10), five four-folds (£5) and a five-fold (£1).
Question 4: Can You Do An Each Way Canadian Bet?
Yes – 888sport allow punters to place each way Canadian bets on a number of sports. All you need to do is follow the same steps in the section above but remember to tick the each way box next to the Canadian bet.
If you still wish to wager £26, you will have to halve the total stake before ticking the each way box. For example, £0.50 and selection each way to cover £1.
If you want to play a £26 wager, you will need to place a 50p each way Canadian bet. That will give you 10 doubles (£10), 10 trebles (£10), five four-folds (£5) and the five-fold accumulator (£1).
Question 5: When Is A Canadian The Best Option?
Punters opting for the Canadian wager should remember that there are no singles covered in the bet. Therefore, if the bettor believes that at least two selections will win, the Canadian becomes an attractive option.