Canadian Bet Explained
Last updated: by Leon Marshal
A Canadian bet, also known as a Super Yankee, is a type of wager used in sports betting that consists of 26 bets on five different selections. The bet is structured to include various multiples from these selections.
Best Bookies for Canadian Bets
Although a Canadian bet is fairly common, not every betting site is suited for it. So, we compiled a list of top bookmakers that support Canadian bets.
Written by Leon Marshall Chief Editor at bestbettingsites.co.uk| Position | Bookmaker | Rating | Bonus | Info | Website | T&C’s |
|---|---|---|---|---|---|---|
| 1 | 🥇 bet365 | 5.0/5 | Bet £10 Get £30 in Free Bets | Top choice for Canadian bets | Visit Site! | Full T&Cs Apply! For new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. 18+ Begambleaware.org |
| 2 | 🥈 William Hill | 4.9/5 | £30 in Free Bets | Reliable site for Canadian bets | Visit Site! | Full T&Cs Apply! New online customers only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. |
| 3 | 🥉 BetVictor | 4.8/5 | Bet £5 Get £30 | Comprehensive Canadian betting options | Visit Site! | Full T&Cs Apply! 18+ New customers only. Opt in, bet £10 at odds 2.00+ within 7 days, no cashout. Get 6x £5 Free Bets, set events at odds 2.00+. 7 day bonus expiry. Debit Card / Apple Pay payments only. Click for T&Cs. Please Gamble Responsibly. |
What Is a Canadian Bet?
A Canadian is a bet that allows you to wager on five different selections with 26 equal wagers. It is considered an advanced form of the Yankee, hence the name Super Yankee. Horses are the most popular markets for Canadian bets, but they are suitable for a host of other markets. The wager would look like this:
- 10 Doubles: Bets on every combination of two selections.
- 10 Trebles: Bets on every combination of three selections.
- 5 Four-Folds: Bets on every combination of four selections.
- 1 Five-Fold Accumulator: A single bet on all five selections winning.
With a Canadian bet, you need two selections to win to see a return. With every successful selection, your winnings multiply. If all five picks were to win, then you would pocket an attractive return. The Canadian does not include single bets, meaning that it is not a true full-cover bet. As is the case with system bets, the Canadian is an alternative to a traditional accumulators. The Canadian is designed to give you more room for error when betting on five events.
Win With a Canadian Bet
A Canadian starts bringing in a return with two winning picks. The point of using combinations is to boost potential payouts as much as possible. However, you can’t always be certain that your choices will win. And your initial output will be quit large (a £5 stake per bet = £130 total). The size of your payout depends how many of your picks were correct.
For example, you would make more profit if one of the four-fold wins rather than a treble. Although two winners generate a return, you have to know that it is only a small percentage of your total stake. It would take at least three selections to win to get a profit. Of course, the market odds also matter a great deal.
Canadian Bet Example
Seeing a Canadian bet in action should help you understand the wager better. Football is one of the most popular sports to bet with a Canadian, so we will use it for this example. We decided to wager on five EPL Championship games: Watford vs West Brom, Bristol City vs QPR, Leeds Utd vs Middlesbrough, Hull City vs Norwich and Luton vs Burnley.
We place £5 per bet for a total of £130. We bet on the first four selections to draw at prices of 2/1, 2/1, 11/5, and 2/1 respectively, and Luton to win at 21/20. If only the first two predictions were correct, then the return would be £45.00. Although we didn’t lose our stake entirely, this payout is still a loss.
Now, if the first three predictions were correct then we would have three successful doubles and a treble returning £285.00, which is a profit of £155.00. If we got four choices right, the payout would be £1,278.00 or £963.55 or £915.75 depending on the winners. Our return of all picks would be £ 4,022.95.
Our Conclusion to Canadian Betting
A Canadian bet is suitable when gambling on five different selections. If you are confident about getting two or more picks correctly, then this wager might be for you. You need to be strategic about how you bet if you are to squeeze maximum value from a Canadian bet. Note that a Canadian has a higher risk due to the lack of singles.
After reading this guide, you should be better equipped to bet a Canadian. However, understand that this bet type doesn’t work for everyone. The number of bets alone will have most punters thinking twice about using the system wager. Also, there is the cost of the bet, which can be high depending on how much you wish to stake on a single wager. Therefore, analyse your gambling requirements keenly before staking money on a Canadian bet. Look through various examples to learn how to calculate potential returns from the wager.
FAQs to Canadian Betting
How much does a Canadian bet cost?
If you bet a Canadian, then all the wagers must be of equal value. Therefore, your total stake would be the price per bet multiplied by the number of wagers. For example, if you are betting £1, then the initial unit would be £26 (£1x26). This price doubles if you are betting each way because you have to wager in each pick twice. Due to the potentially high cost of a Canadian bet, you have to be certain that you can afford it before placing stakes. Note that your stake influences the return. You can use a free bet calculator to see how much your investment would generate.
Is a Canadian bet a good bet?
The Canadian is a worthwhile betting option if you fancy five events and want to stake money on them. If you bet a Canadian, then you don't need all the selections to win to get a payout. A winning double gives you some sort of return, albeit a small one. However, you are confident that every correct pick adds to your payout. For this reason, it is a viable alternative when looking to spread your wagers without tying your entire unit stake in a conventional accumulator. A Canadian bet enables you to diversify your risk, which is essential in sports betting. The absence of singles still poses some risk, though. So, if you prefer betting on five events with single bets, then a Lucky 31 is most suitable. However, a Lucky 31 has 31 wagers since it has five additional singles, and that means spending more on your initial stake. Evaluate your gambling options and budget carefully before deciding on the right bet. Placing a Canadian for free first is a good way to decide if it's worthwhile.
Is a Canadian bet the same as a Super Yankee bet?
Yes. Super Yankee is sometimes used to refer to the Canadian. The term gets its origin from the Yankee bet. In a Yankee, you wager on four selections with 11 bets. They consist of 6 doubles, four trebles and a four-fold accumulator. So, a Super Yankee, with its 26 bets, is considered an enhanced Yankee. Therefore, when you see bookmakers that offer odds for Super Yankee wagers, then it means Canadian betting is available. Take the time to try out the Super Yankee for free if a betting site allows it to familiarise yourself with the wager.