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What is a Canadian Bet and How Does It Work?

The Canadian bet is also known as a Super Yankee bet. As we will show in this betting article, it is a mix of five selections producing a combination of 26 straight bets. It represents a popular option among experienced bettors who want to maximize the return on investment from different type of system bets. You can combine any sports and matches to create the best betting slip.

Unlike a parlay, you don’t need to predict all outcomes correctly, but a minimum of two selections must be correct. To have the Canadian bet explained, we must highlight its composition. It is composed of 10 doubles, 10 trebles, 5 four-fold accumulators, and 1 five-fold accumulator. The maximum amount can be won if all individual bets are correct, which is the best-case scenario.

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How Does a Canadian Bet Work?

The Super Yankee’s composition is complex. It has 26 bets from five selections, including doubles, trebles, four-folds, and a five-fold accumulator. We can use an example to better understand the meaning of Canadian bets and the betting math behind them.

Let’s assume you want to engage in profitable football betting  and bet $26 on five football games, with one dollar per selection in the Canadian bet. The best-paying option is the fivefold accumulator that includes all five games. The second best payment comes from the fourfold accumulators, where the odds of four predictions are paid.

  • Two correct combination bets will pay the lowest amount, not enough to offset the investment
  • With three correct games, all the doubles and one treble will pay
  • All doubles and trebles pay with four winning selections, so you will most likely make a profit
  • If all five games are correct, you have extracted the most from this Super Yankee bet

How to Calculate a Canadian Bet?

With many possible selections, beginners can be reluctant to place a Canadian bet. However, it is easy to determine the bets, and you can use a Canadian bet calculator. This is free online, and such a betting combination calculator can work with other systems and trading strategies. Below we will explain how to calculate this bet:

  1. You define the amount you bet on the five matches by 26 to determine the basic unit.
  2. Multiply the odds of double, treble, four-fold, and five-fold combinations to calculate returns.
  3. Multiply the basic unit with the betting odds from the double, treble, four-folds and five-folds.
  4. Sum up all these potential winnings to determine the maximum amount you can win.

Super Yankee winnings are calculated in the same way as other complex betting systems. You can use this newfound knowledge to have the Yankee bet explained and try different systems, such as the Heinz, Super Heinz, Lucky 31, and Goliath. They work for all types of sports betting and are featured by many safe betting sites. Most of these platforms will automatically calculate potential winnings.

What is a Each-Way Canadian Bet?

An Each-Way Canadian bet is frequently found in horse racing betting. It pays even if the horse doesn’t win the race but finishes in the top spot. The number of winning combinations is doubled from 26 to 52, as the Canadian horse bet pays if the horse comes second. This makes it a good choice when you consider backing the underdog and seeking a way to lower the risks.

This is an example of using this type of cover bet on horse racing events:

  • You bet $52 on just as many combinations of bets on five horses competing in a race
  • You bet one dollar on 26 combinations of horses to win for $26.
  • Bet another dollar on the other 26 combinations for each horse to finish within a top spot
  • A minimum of three horses must win or place to cash in on doubles and trebles
  • The maximum payouts arrive if all five horses win or at least finish in the top places.

Canadian Bet Tips

If you feel comfortable trying this system, bet at leading bookmakers or the best sports betting exchanges. Don’t forget to use these Canadian betting tips. They can be used in any sport and market to take advantage of the best betting odds available. You don’t need to open an account with Canadian bookmakers. This is an internationally popular system offered across the sportsbook market.

Tip

  • Take as much time as needed to research the five games, as a lot depends on them
  • Keep the stakes low for each selection and practice money management based on bankroll
  • Use bet calculators available at online bookmakers to calculate profits for each combination
  • Consider each-way options when betting on sports that allow it to reduce the risks
  • Choose the best sports to bet on among those you know well to have a better chance to win

Alternatives to the Canadian Bet

As soon as you understand what is a Canadian bet, you can consider alternative options. These suit football betting strategies and systems but also work for other sports. Super Yankee, Lucky 31, Heinz, Super Heinz, and Goliath are worthy alternatives.

Bet Alternatives

Canadian Bet

Lucky 31

Heinz

Super Heinz

Goliath

Number of Matches
Canadian Bet
5
Lucky 31
5
Heinz
6
Super Heinz
7
Goliath
8
Number of Combinations
Canadian Bet
26
Lucky 31
31
Heinz
57
Super Heinz
120
Goliath
247
Type of Bets
Canadian Bet
Doubles, Trebles, 4-Folds, 5-Fold
Lucky 31
Singles, Doubles, Trebles, 4-Folds, 5-Fold
Heinz
Doubles, Trebles, 4-Folds, 5-Fold, 6-Fold
Super Heinz
Doubles, Trebles, 4-Folds, 5-Fold, 6-Fold, 7-Fold
Goliath
Doubles, Trebles, 4-Folds, 5-Fold, 6-Fold, 7-Fold, 8-Fold

Pros and Cons of Canadian Bets

PROS

  • Many winning combinations are available.
  • Risks are lower, making it more suitable for beginners.
  • Perfect for horse and Greyhound racing.
  • Easy to learn and master.

CONS

  • Less suitable for mainstream sports.
  • Not available at all bookmakers.

Canadian Bet: A Winning Play for Advanced Punters

The Canadian bet is a tempting proposition for expert players in search of value football betting. Feel free to combine mainstream betting markets like handicap betting and over/ under betting with exotic ones to win both halves or betting on penalties. Tap into the big potential of the 26 possible winning combinations with singles, doubles, trebles, and fourfold bets.

Set up a bankroll to support your Super Yankee betting systems, and try it at classic sports books and crypto bookmakers. Mix different events and enjoy the safety of multi-way betting with the potential for big payouts. Take on this challenge and be rewarded with high returns and the unmatched flexibility of multiple combinations.

Frequently Asked Questions on Canadian Bet

A Canadian bet or Super Yankee, consists of five selections spread across 26 combinations. It is made of 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold accumulator.

This complex bet includes many combinations. It includes doubles, trebles, four-folds, and a five-fold accumulator for 26 combinations. You win with at least two right predictions and enjoy the promise of high potential payouts for four or five correct picks.

This type of Canadian bet has twice as many combinations, with 52 bets including both “win” and “place” options. It is popular among horse racing fans, as it pays if your horse finishes in one of the top spots.

A Canadian 26 is an expanded version of the original bet, including 26 individual wagers. It increases the number of payout options by also paying for every single match.

The Canadian bet is profitable with the proper bankroll, discipline, and the right sports betting tips and strategies. It is a flexible choice for players with the resources to sustain it.