What is a Canadian bet?
A Canadian bet is a further step up from the Yankee and Lucky 15 bets, in that instead of using four selections on your betting slip, you use five. A Canadian bet is when you spread a total of 26 bets over five selections. Those twenty-six bets are built up of 10 doubles, 10 trebles, five fourfold accumulators and one fivefold accumulator.
In a Canadian bet, two or more of your selections must come in for you to win at least one of your bets. If all of your selections win in their event, then this type of bet can prove to be incredibly beneficial.
Placing 26 bets in one go can seem like quite a complicated and scary process though, that’s why we here at Bonus Bets have compiled the following useful guide to help you get your head around all of it.
Calculating odds and an example
A Canadian bet can be a little bit of a headache to get your head around, so we have compiled the following example to help you understand what each one of the individual 26 bets placed on a Canadian bet will look like.
Due to the fact that horse racing is one of the most common sports that people will lay a Canadian bet on, we have chosen to use that for the following example, however, the bet would look exactly the same if you laid it on any other sport.
What you will want to do first is head on over to your prefered bookmakers and find your chosen market. If you are having any trouble deciding which bookmakers you want to use, then feel free to check out our detailed bookmakers reviews elsewhere on the page.
Once you have done that, you can then go ahead and choose your five selections and begin to place your bet.
The first bet you will want to place is your fivefold accumulator:
1) Horses A, B, C, D and E to all win their respective races.
Up next, you will want to place your 4 fourfold accumulators:
1) Horses A, B, C and D to win their respective races.
2) Horses A, B, C and E to win their respective races
3) Horses B, C, D and E to win their respective races
4) Horses A, C, D and E to win their respective races
Keeping up so far? Good, after this, you will want to place your ten treble bets:
1) Horses A, B and C to win their respective races
2) Horses A, B and D to win their respective races
3) Horses A, B and E to win their respective races
4) Horses A, C and D to win their respective races
5) Horses A, D and E to win their respective races
6) Horses A, C and E to win their respective races
7) Horses B, C and D to win their respective races
8) Horses B, D and E to win their respective races
9) Horses B, C and E to win their respective races
10) Horses C, D and E to win their respective races
Finally, if that hasn’t hurt your head enough, it’s time to place your 10 doubles:
1) Horses A and B to win their respective races
2) Horses A and C to win their respective races
3) Horses A and D to win their respective races
4) Horses A and E to win their respective races
5) Horses B and C to win their respective races
6) Horses B and D to win their respective races
7) Horses B and E to win their respective races
8) Horses C and D to win their respective races
9) Horses C and E to win their respective races
10) Horses D and E to win their respective races.
Thankfully, most bookmakers will offer the Canadian bet as an option when you place all five of your selections on your bet slip, so you don’t need to figure all of this out yourself. That being said,not every bookmaker will offer it so it is good to understand how the bet is built.
It is also good to know how the bet is made up so that you can clearly understand all of your outcomes when you are placing your bet.
You should also bear in mind that when you do place this bet, your stake will be multiplied by 26 when it comes to placing the bet.
Calculating the odds for such a huge bet can be incredibly difficult, but there are a lot of odds calculators online which will help you figure out the best way to make this kind of bet work for you.
When it comes to working out the odds for the individual bets, you can apply the same math you would usually use for a double, treble or an accumulator.
Advantages of placing a Canadian bet
One of the clearest advantages of placing a Canadian bet is that, due to the sheer number of bets that are being placed, there is a potentially huge payout if all five of your selections come in.
You also have a much better chance of walking away with some money if some of your bets come in and others fail. In some ways, this gives the Canadian bet an advantage over a classic fivefold accumulator where you will lose your money if one of your selections lets you down.
Disadvantages of placing a Canadian bet
While you can walk away from a Canadian bet with some serious cash in your pocket, you will also have to put on a big wager to win that bet, and if none of your selections come in, then you stand to make a very considerable loss.
To win anything on a Canadian bet you require at least two of your selections to win their races, which can leave you very frustrated if just one of your five selections wins.
A Canadian bet can be viewed as quite a risky venture and more seasoned gamblers would probably suggest placing smaller bets, especially if you are just beginning to venture into the world of gambling.
What sports can I play a Canadian bet on?
A Canadian bet can be placed on pretty much any sport but horse racing is by far the most popular, closely followed by football.
Goalscorer and full-time results markets are particularly popular when it comes to placing Canadian bets on football.
You can find detailed guides explaining how to bet on all kinds of different sports using our drop down menu at the top of the page.