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:
The Canadian is a popular bet with racing gamblers but it can also be used across the full range of sports markets to enhance your variety of bets.
The final piece of the jigsaw to have the Canadian bet explained is to reiterate that you can place this bet either win only or each-way.
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.