What is a Canadian bet and how does it work? Our guide explains it all
What is a Canadian bet? This guide explains what it means, how it works and how you can make money from it.
What is a Canadian bet?
A Canadian bet, also referred as a Super Yankee, consists of 26 bets using five selections across four bet variations. These are:
- 1 five-fold accumulator
- 5 four-fold accumulators
- 10 trebles
- 10 doubles
How does a Canadian bet work?
A Canadian bet adds a form of insurance within your bet, as just two correct selections from the five will see a return, even if your other selections are incorrect. The more picks that you get right, the more money you win.
Here’s an example of a Canadian bet:
Horse A To Win the 13:50
Horse B To Win the 14:30
Horse C To Win the 15:10
Horse D To Win the 15:50
Horse E To Win the 16:10
If only one horse wins you would not see a return, as at least one winning double is needed for any of the bets to come back as a winner.
Should only two of horses of A, B, C, D or E win, then you will be paid out on the corresponding double. Everything else would be a loser.
If three of the five horses win, you would be paid out on the three corresponding doubles and one treble that they create.
If four of the five horses win, the six corresponding doubles, four trebles and one four-fold accumulator would win.
If all five horses win, you would be paid out on all the bets within the Canadian: the 10 doubles, the 10 trebles, the five four-fold accumulators and the five-fold accumulator.
How much does a Canadian bet cost?
Each bet within the Canadian is treated separately, meaning each bet incurs its own cost. For example, a £1 Canadian bet would cost a total of £26, as each of the 26 bets within the Canadian are considered.
How to place a Canadian bet
Creating a Canadian bet using the Betway betslip is simple. Simply pick the five selections you wish to include in your Canadian. Using the bet slip, add the stake per line you wish to bet in the Canadian selection box and press bet.
How does a Canadian bet work in horse racing?
Canadian bets are commonly found in horse racing.
It works like the example above. Simply select the five horses that you fancy across five different races, with only two horses needing to win to see a return. The more horses that win (alongside the odds that the horses were priced at), the more you’ll win.
How does a Canadian bet work in football?
Canadian bets aren’t only available to horse racing bettors, but also those looking to bet on football markets.
Similar to horse racing, simply make five selections from five different matches, and you’ll receive a payout if any two of your selections win. The more selections that win (alongside the odds that the selections were priced at), the more you’ll win.
Canadian football bets aren’t exclusive to winner markets. Whether it be Win/Draw/Win, Both Teams To Score (BTTS) or another market, any selection can be added to your Super Yankee.
How do you calculate a Canadian bet?
Take the following £1 per line (£26 altogether) Canadian bet:
Horse A To Win the 13:50 @ 10/1
Horse B To Win the 14:30 @ 8/1
Horse C To Win the 15:10 @ 3/1
Horse D To Win the 15:50 @ 4/1
Horse E To Win the 16:10 @ 9/1
If just two horses wins, for this example Horse A and horse B, the payout would be £99.
If three horses win, for this example Horse A, Horse B and horse C, then three doubles and one treble would win, making the payout £575.
If four horses win, for this example Horse A, Horse B, Horse C and horse D, then six doubles, four trebles and one fourfold accumulator would win, making the payout £3,570.
If all horses win, then the whole Canadian would be a winner, making the payout £39,560.
Consider using an online Canadian bet calculator before placing your bet, which calculates how much you could win depending on all of the outcomes.
What is the difference between a Canadian bet and a Yankee bet?
There’s a reason that a Canadian bet is often referred to as a Super Yankee. A Canadian and a Yankee are the same, but with one important difference.
The Canadian bet includes five selections, whereas a Yankee only includes four. Therefore, to cover a Canadian bet, a Yankee needs an additional four doubles, four trebles, four four-fold accumulators and a five-fold accumulator.
Can you place an each-way Canadian bet?
Yes, all you need to do is click the ‘E/W’ box next to Canadian on your bet slip.
When placing an each-way Canadian, the number of bets you are placing is doubled from 26 to 52. In effect, you are backing all of them twice – once for all of them to win, and again for all of them to place.
Alternatively, you may want to back some of your horses To Win and others to place.
In that instance, tick the ‘E/W’ box next to the horse you’re backing to place in your bet slip. The number of bets that will be in your Canadian will then remain at 26.
What happens to a Canadian with a non-runner?
If a Canadian includes a non-runner, all 26 bets still stand.
One non-runner and two winners in a treble would see you paid out to the value of the single double.
One non-runner and three winners in a four-fold accumulator would see you paid out to the value of the treble and any doubles that the three winners create.
One non-runner and four winners in a five-fold accumulator would see you paid out to the value of the four-fold and other corresponding bets that the three winners create.
Visit Betway's horse racing betting page.