Canadian Bet Explained

This guide to Canadian bet explained explores everything a punter needs to know about this bet. It covers the following points:

• What is a Canadian bet?
• How does a Canadian bet work?
• What sports can you use Canadian bets on?
• Pros and cons of Canadian betting and other multiple bets

What Is a Canadian Bet?

So, what does Canadian bet meaning? It is a form of multiple or system betting that creates multiple accumulators with five selections. However, instead of engaging the typical five-selection accumulator in one bet, a Canadian sports bet creates 26 different accumulator bets on the outcomes of the doubles, trebles, four-fold, and five-fold. It translates to 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold accumulator.

This betting option is an advanced type of the popular Yankee bet, which combines four selections to create 11 bets. Hence, it is also known as Super Yankee betting. The best part of the Canadian betting system is that unlike straight bets and typical single accumulators, not all selections have to win for you to get a return from this bet type.

How Does a Canadian Bet Work?

While it may look intimidating, a Super Yankee system is not as complex as it seems.

As mentioned, the concept behind this betting option is that it covers all possible combinations of accumulators using five selections to create 26 bets. For example, let’s say that a punter decides to place this bet on the following five selections in a betting market — “A,” “B,” “C,” “D,” and “E.” The breakdown of the Canadian bet type would look as follows:

A noteworthy fact about this betting option is that your stake will apply to all 26 combinations. For example, if you choose to stake $10, the Canadian bet will cost you $260 (i.e., $10 x 26), making it more costly than the typical straight or accumulator bet.

Since a Canadian bet does not cover singles, you will need at least two selections to get a return from your wager. And the more selections win, the bigger your payout and profit margin.

Canadian Bet Each-Way

In addition to the standard Super Yankee betting, placing a Canadian each-way bet is also possible. The each-way option is a bet placed as both a “win” bet and a “place” bet. It means that you are betting on the selections in your bet to win and to place (i.e., finish within a specified range, such as the top three or top five). With this option, your selection doesn’t have to come first. You will win the place bet if your selections finish in the top ranking. Due to its nature, the each-way Canadian bet type is more common in horse racing, but is also available in golf, Nascar, and many other sports.

The benefit of each way Canadian bet in horse racing and other similar sports is that it offers better winning chances and allows punters to earn bigger wins. However, it costs more to engage in this bet as it essentially doubles the stake of the typical Super Yankee bet. In the case of the example above, a Canadian each-way bet would mean a stake of $520 – $260 to cover the 26 win bets and another $260 to cover the 26 place bets.

How Do You Calculate a Canadian Bet?

Now that we have Canadian bets explained, we should look at how to calculate the bet. The key to understanding how this works is to note that each of the 26 combinations is an individual bet, albeit with equal stakes. Each combination also gets its set of odds based on the combined selections. As such, to calculate the potential payout of the bets, you determine the payout for each accumulator. It means you multiply the decimal odds in every combination and then multiply the result by the staked amount. Adding all the accumulators’ payout will determine the total Canadian bet payout.

Now let’s look at a typical Canadian bet example and how to calculate its payout. For easy calculations, let us assume that the five selections from our previous examples have the same odds of 3.0 (2/1 in fractional and +200 in American formats). The staked amount on this market was also $10 per bet, resulting in $260 on every combination.

In an ideal world, a punter would earn a payout of $10,080 from this Super Yankee bet example, translating to a $9820 profit with a $260 bet.

Canadian Betting Calculator

A Canadian betting calculator is a helpful tool that aids in assessing the potential of a Super Yankee Canadian bet. It allows users to input the odds on each selection and the desired stake amount and then provides an estimate of the potential winnings. You can even use it to calculate Canadian each-way bets.

The Super Yankee betting calculator is widely available online, especially on popular betting sites that offer the betting option. You can also find the calculator standalone on various websites that offer gambling-related services.

To use this calculator, follow the steps below:

• Select your preferred odds format
• Select whether you wish to calculate for total stake or stake per bet
• Input your desired stake
• Enter the odds for each selection
• Set the each-way option and enter its odds if it is an option you want
• Click the “calculate” or “calculate your bet” button to generate the result.

Your Winnings on a Canadian Bet (Super Yankee)

One of the biggest attractions of the Canadian betting system, alongside other combination betting options, is that you don’t have to win all the selections in the bet to get a payout. You will get a return from your bet as long as two or more selections win. Punters can even get a return from a single correct selection for the full cover of multiple betting options that include single bets in their wager. But this is not the case for Super Yankee bets, as it does not cover singles options.

While it triggers a payout, winning two out of five doesn’t necessarily translate to a profit, as the odds on each selection also play a role. If the odds of the two winning selections are low, you may get only a part of your stake returned. So, to be successful in Super Yankee betting, you need to pay attention to the odds on each selection and ensure they offer realistic profit-earning chances. Hence, it is advisable to use a Canadian betting calculator to determine potential payouts based on odds and selections.

The table below shows a typical outcome of a Canadian bet depending on the number of winning selections using the example we calculated above, with all selections having the same 3.0 odds.

Ultimately, the Canadian horse bet and other sports are more rewarding when three or more selections are correct.

What Sports Work Well With Canadian Bets?

Unlike what its name might imply, the Super Yankee Canadian bet does not just work on Canadian sports alone. The bet applies to various sports, offering exciting betting experiences to punters and the potential for big wins. While this round-robin Canadian bet is open to many sports, some are particularly well-suited to the betting system.

Another noteworthy fact is that most bookmakers do not allow Canadian bets or any other kind of combination bet across multiple sports. You often can only place Canadian horse racing bets or football bets, or any other and cannot mix different sports into your selection. However, some sites do allow this.

Canadian Football Bet

As the most popular sport worldwide, football is one of the biggest markets for this betting option. From the matches in the Premier League to the Spanish La Liga, German Bundesliga, and so many other football leagues and competitions, there is a vast market for football bets. So, Canadian bet football allows punters to combine multiple selections of football events and creates various combinations.

For example, you can place bets on the outcome of five different matchups in the English Premier League. However, football games tend to be quite high-scoring, which typically reduces the odds offered to them.

Canadian Horse Racing Bet

Another sport that is well-suited to the Super Yankee system is horse racing. The option has become popular with gamblers in many sports betting circles. A major reason for the Canadian horse racing bet is the wide availability of multiple races and selections. Horse race events happen yearly, from the Cheltenham Festival to the Grand National, the Royal Ascot, and many others.

Punters can easily combine horses’ selections from different races into a single bet. The betting option also allows you to win significant payouts, much more than you would find with straight bets and accumulators.

One distinct thing you must note about the Canadian horse bet markets is that they often come with longer odds, even for favorites. Longer odds are necessary for meaningful success with these bets, making horse racing ideal for this bet type. Additionally, the Canadian bet in horse racing supports each-way bets, an option that allows you to cover the “win” bet and the “place” bet.

Best Betting Sites We Recommend for Canadian Bet

One of the most exciting things about the Canadian round-robin bet is that it is widely available online. There is no shortage of betting sites online today, and most provide this option. However, choosing a trusted and reputable betting site is essential when deciding where to place your bets. It would help if you also considered factors like payment methods supported, sports offered, availability of the preferred betting markets, etc. After all, choosing where to play can make a difference in your betting experience, as no two sites are the same.

 Some of the most popular sportsbooks offering Canadian sports bets on their platform include:

• William Hill
• Bet365
• Betway
• Paddy Power
• Unibet

These sites are known to be reliable and reputable on the market. They also provide competitive odds, a wide range of markets, and more.

Pros & Cons of Canadian Betting & Multiples

There is no denying that the Canadian betting system has many benefits that punters can enjoy. And like every good thing, this bet type has some drawbacks, which every punter must know when wagering on sports.

Now, let’s check out the pros and cons of Super Yankee bets.

Similar Bets to Canadian Bet

Undoubtedly, the Canadian round-robin bet is a unique strategy that allows punters to win big. However, several other similar combination betting options are worth exploring. There is no shortage of combination bets to explore, from Trixie to Yankee, Lucky 31, Heinz, Goliath, and many others. The key to understanding these multiple full-cover multiple betting options lies in the number of selections that a punter is considering. Naturally, the more selections you cover, the more the number of bets that will be created.

Now, let’s compare some of these similar combination betting options and compare them with the Canadian betting system.

What Is the Difference Between a Canadian Bet and a Lucky 31?

The Canadian bet and the Lucky 31 bet are popular types of multiple combination bets that create a series of parlays. But this is not where the similarity ends. The two betting options both involve wagering on five selections.

However, the major difference between the two bet types lies in the existence of single bets. As mentioned, the Super Yankee Canadian bet excludes singles from its multiple combinations, resulting in 26 bets only. The Lucky 31 bet, on the other hand, considers all possible outcomes in the five selections and covers the singles options. So, in this betting option, a punter would have 5 singles, 10 doubles, 10 trebles, 5 four-fold parlays, and 1 five-fold parlay, resulting in 31 bets. Hence, the name of the bet.

Due to the increased number of outcomes, a Lucky 31 bet would require a much higher stake than a Super Yankee. On the flip side, the potential return also increases.

Canadian Bet (Super Yankee) vs. Yankee Bet

Another popular combination option similar to this betting type is the Yankee bet. As you can infer from the name, Yankee bet is the level you reach right before the Super Yankee option when it comes to non-single full-cover bets.

The major difference between these two betting options is the number of selections each requires. While the Super Yankee system covers five selections, the Yankee bet only consists of four. It creates 11 parlay bets, including 6 doubles, 4 trebles, and 1 four-fold accumulator.

Since it covers a much smaller number of bets, the Yankee bet tends to be less expensive than the Canadian betting option. The potential payout you can get from the bet is also quite lesser.

Canadian Bet Vs. Heinz Bet

Like Canadian betting, the Heinz bet is another combination bet you can explore for your sports betting needs. It is also a non-single full-cover bet option that creates multiple parlays.

The difference between these two betting forms begins with the number of selections they cover. While the Canadian bet type covers five selections, the Heinz option covers the outcome of six selections. As such, a Heinz bet consists of 57 bets, including 15 doubles, 20 trebles, 15 four-fold parlays, 6 five-fold parlays, and 1 six-fold parlay. Since it covers more selections, a Heinz bet would require a significantly higher stake than Super Yankee. It also creates room for bigger payouts.

Canadian Bet Vs. Lucky 63

The Lucky 63 bet is another multi-combination option similar to the Super Yankee Canadian bet market. However, they differ in many ways. The difference between the two betting options starts from the presence of singles. Like the Lucky 31 betting options, Lucky 63 includes single bets in its combinations, covering all possible outcomes.

While the Super Yankee option covers only five selections, the Lucky 63 requires six. It creates 63 bets, including 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. Naturally, a Lucky 63 in horse racing would require a bigger stake than a Canadian horse race bet due to the increased number of bets. On the flip side, it also results in a bigger payout potential. Also, since singles are covered, punters can get a kind of return with even a single accurate selection.

Canadian Bet Vs. Goliath Bet

Another popular combination betting option similar to the Canadian bet you can check out is the Goliath bet. This bet option excludes the singles wagers in the combinations and only considers all possible accumulator outcomes from doubles.

The major difference between the bet Canadian option and the Goliath bet is the number of selections. As its name implies, a goliath bet is the biggest combination bet you can find online, which utilizes eight selections. It creates 247 combination bets, including 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, and 1 eight-fold parlay.

Due to the high number of bets, the stakes required for a goliath bet tend to be enormous, as you will need to wager on all 247 outcomes. The upside is that it opens the door to massive payouts if you get enough accurate selections.

Other Similar Betting Options

The table below compares the Canadian Super Yankee bet with other multiple combination betting options not mentioned above.