Canadian Bet Explained – The Ultimate Guide (2018 Update)
In this article we explain all you need to know about a Canadian bet (also known as a Super Yankee). This includes what it is and what it consists of, how to manually calculate it, where you can access a Canadian bet calculator, how to place this bet type and more.
Canadian Bet Explained
A Canadian bet is the successor to a Yankee bet (which consists of 4 selections) and falls into the ‘Full Cover Bet’ category as it includes all possible multiple bets. So, what is a Canadian bet, what does it consist of and how do you calculate this bet type?
What Is A Canadian Bet?
A Canadian bet (often also referred to as a Super Yankee) is a wager on 5 selections taking part in different events and consists of 26 bets: 10 Doubles, 10 Trebles, 5 4-Folds and 1 5-Fold. A minimum of 2 selections must win to generate a return.
It is most commonly used by horse racing bettors, but can be applied across all sports and markets.
Note: A Canadian is similar to a Lucky 31 in the sense both bets consist of 5 selections, the only difference being is that a Lucky 31 also includes singles.
Each Way Canadian Bet
An each way Canadian is double the stake of a straight ‘Win’ and consists of 52 bets – 26 bets for the selections to win and 26 bets for the selections to place. You can read more on what an each way bet is with our each way betting ultimate guide.
How To Calculate The Returns Of A Canadian Bet
To manually calculate the potential returns from a Canadian bet, you need to add together the return of each winning double, treble, 4-fold and 5-fold bet. Then multiply this number by your stake (see example below).
Canadian Bet Calculator
Due to its complexity, manually working out the returns can be quite tedious. Instead, we’d suggest using a Canadian Bet calculator like this one from BetVictor that will automatically do the number crunching for you.
Simply enter the prices of your 5 selections. Then enter your stake and it will show you what you stand to win. Furthermore, you’ll also be able to experiment with different outcomes to see how they affect the potential returns.
How To Place A Canadian Bet
We’ll be using Ladbrokes in our example although the process should be the same regardless of what bookmaker you use.
When selecting your 5 selections you do not need to worry about which order they appear. This is because all selections occur the same amount of times across all 26 bets.
Step 1) Add your 5 selections to your bet slip.
Step 2) Enter your stake into the ‘Canadian’ box (usually under multiples).
Step 3) Confirm your bet.
Also known as a Super Yankee, a Canadian bet consists of 5 selections and includes 10 doubles, 10 trebles, 5 4-folds and 1 5-fold.
The advantage of this bet is that you only need two successful selections to generate a return. However, the disadvantage is that it can become quite an expensive wager.