In sports betting, it can be hard to wrap your head around all the terminology and the types of bets available to you as a punter. In this Wizard Slots casino post, we wish to shed some light on one of the unique betting systems, the Canadian bet.
We will discuss what a Canadian bet is, how it is applied in games such as horse racing, how it works, how many bets are in it and why it is called the Canadian, so read on.
What Is A Canadian Bet?
Canadian bet is a multiple-bet system in sports betting. It is also known as the Super Yankee bet. It involves 26 bets covering 5 different sections with various outcomes. So, if you make a Canadian bet, you must make 5 selections, which total 26 bets: 10 doubles, 10 trebles, five four-folds and one five-fold.
This bet type is relatively complex compared to other multiple betting systems such as the Super Heinz Bet, but it can be easy to follow once you get the basics of how it works.
Although it can be used in other gambling events, it is most popular in horse racing. Unlike most other multiple betting structures, losing one selection does not make you lose the entire bet. However, you must win at least two of your selections in order to get a return.
Canadian Bet In Horse Racing
As mentioned, horse racing is well suited for a Canadian bet, and many horse racing enthusiasts use it to place equal bets on racing events.
Using the Canadian bet allows punters to combine the outcomes of five different horseracing events into one bet. If successful, this betting system can potentially award handsome payouts.
Irish Lottery Canadian Bet
Technically, you can use the Canadian bet to bet on the Irish Lottery. However, this would be tricky since the Canadian bet requires 5 different selections, and the Irish Lottery has one main draw and two additional draws.
In addition, the Irish Lottery has six numbers, including the bonus ball, and the Canadian bet requires 26 equal but individual bets in total. That may lead to you spending a lot of money with very little chance of making a return or making a minimal return compared to the bet size you made.
How Does A Canadian Bet Work?
To place a Canadian bet, you must make 26 bets of the same size. So, for example, if you decide to place £2 per bet, your total bet would be £52. Start by choosing the sporting event you want to place your bet on, for example, 5 football matches.
Let’s call them match 1, 2, 3, 4, and 5. You then place bets on 10 doubles, 10 trebles, 4-folds and one 5-fold. That may look like this:
- 10 doubles = 1+2, 1+3, 1+4, 1+5, 2+3, 2+4, 2+5, 3+4, 3+5, 4+5
- 10 trebles = 1+2+3, 1+2+4, 1+2+5, 1+3+4, 1+3+5, 1+4+5, 2+3+4, 2+3+5, 2+4+5, 3+4+5
- 4-fold = 1+2+3+4, 1+2+3+5, 1+2+4+5, 1+3+4+5, 2+3+4+5
- 5-fold = 1+2+3+4+5
These bets added together make up 26 bets.
However, keep in mind that you only receive a return if you win at least two of these five selections.
How Many Bets In A Canadian?
A Canadian bet has 5 different bet selections with 26 bets in total. It includes doubles, trebles, four and five folds.
A double means you are betting on a combination of two selections, a treble means you bet on a combination of three selections, and the four and five folds mean you are betting on a combination of four and five selections, respectively.
Why Is The Canadian Bet Called A Canadian?
There are many interesting theories about why the Canadian bet is named so, but none have been proven to be definitively correct.
Some believe it is named after the Queen’s Plate, Canada’s oldest thoroughbred horse race, while some believe the betting system began with Canadian bookmakers and bettors.
There is also a theory that it is called a Canadian bet due to its close similarity to the Yankee bet. The Canadian bet is sometimes called the Super Yankee bet, and therefore, the Canadian due to Canada being larger than the USA. Since these two countries are geographically adjacent and often compared or contrasted, the name seemed to be a perfect fit.
Is A Canadian A Good Bet?
The answer to this question depends on the punter using the bet and what outcomes they are betting on.
Nothing is ever certain in any gambling game. As you know, all gambling games are chance-based, and you can never predict with absolute certainty what will happen in the events you bet on. So, there is a high chance you might lose a lot of money and win very small amounts relative to your total stake.
Additionally, the Canadian bet can be expensive due to it consisting of 26 bets. With that said, this type of bet does have potentially high returns if all your bets win since there are so many.
In addition, unlike other multiple bet systems, the Canadian bet can give you some return instead of losing all your money because one bet type lost. It also allows you to bet on multiple events using one bet.
So, whether the Canadian bet is a good bet or not is subjective. It is down to the player, their budget and their aims.
Please gamble responsibly and never bet money you aren’t comfortable losing.
*All values (Bet Levels, Maximum Wins, etc.) mentioned in relation to these games are subject to change at any time.