What is a Canadian bet?

A Canadian bet is a relatively complex form of multiple bet which is somewhat similar to a yankee bet or a Lucky 15. However, unlike those bets, which are made up of 11 and 15 bets respectively from four selections, the Canadian expands the field to five selections and 26 bets. 

This means that a Canadian bet can be complex to think through and place, especially for novices. Bettors who are considering making a Canadian bet should ensure that they are very knowledgeable about the sport and participants they are placing the bet on. Those who are not could well stand to lose their original stake, which could be very high because each additional bet that's placed makes the original stake higher.

However, those who are very knowledgable may stand to make a very high return, especially if all five of their selections come in. This makes the Canadian bet a very tempting one to make for many bettors. 

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Canadian bet

To understand how a Canadian bet works, it is important to apply the regulations that govern it to a real world example. Canadian bets can be placed on a wide range of sports, including but not limited to football and horse racing. For the purposes of this example, let's take football as the sport being bet upon. 

A bettor looking to place a Canadian bet makes five selections from the weekend's football. These selections are:

  • Manchester City to beat Everton
  • Newcastle United to beat Brighton & Hove Albion
  • Southampton to beat Wolverhampton Wanderers
  • Tottenham Hotspur to beat Crystal Palace
  • Arsenal to beat Chelsea

From these five selections, 26 multiple bets, across several different bet types would be made. There would be 10 double bets, 10 treble bets, five four-fold accumulators and one five-fold accumulator. This can be represented as the below:

  • 10 doubles:
  1. Manchester City to beat Everton and Newcastle United to beat Brighton & Hove Albion
  2. Manchester City to beat Everton and Southampton to beat Wolverhampton Wanderers
  3. Manchester City to beat Everton and Tottenham Hotspur to beat Crystal Palace
  4. Manchester City to beat Everton and Arsenal to beat Chelsea
  5. Newcastle United to beat Brighton & Hove Albion and Southampton to beat Wolverhampton Wanderers
  6. Newcastle United to beat Brighton & Hove Albion and Tottenham Hotspur to beat Crystal Palace
  7. Newcastle United to beat Brighton & Hove Albion and Arsenal to beat Chelsea
  8. Southampton to beat Wolverhampton Wanderers and Tottenham Hotspur to beat Crystal Palace
  9. Southampton to beat Wolverhampton Wanderers and Arsenal to beat Chelsea
  10. Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea

  • 10 trebles:
  1. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion and Southampton to beat Wolverhampton Wanderers
  2. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion and Tottenham Hotspur to beat Crystal Palace
  3. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion and Arsenal to beat Chelsea
  4. Manchester City to beat Everton, Southampton to beat Wolverhampton Wanderers and Tottenham Hotspur to beat Crystal Palace
  5. Manchester City to beat Everton, Southampton to beat Wolverhampton Wanderers and Arsenal to beat Chelsea
  6. Manchester City to beat Everton, Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea
  7. Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers and Tottenham Hotspur to beat Crystal Palace
  8. Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers and Arsenal to beat Chelsea
  9. Newcastle United to beat Brighton & Hove Albion, Tottenham Hotspur to beat Crystal Palace  and Arsenal to beat Chelsea
  10. Southampton to beat Wolverhampton Wanderers, Tottenham Hotspur to beat Crystal Palace and  Arsenal to beat Chelsea
  • Five four-fold accumulators
  1. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers and Tottenham Hotspur to beat Crystal Palace
  2. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers and Arsenal to beat Chelsea
  3. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion, Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea
  4. Manchester City to beat Everton, Southampton to beat Wolverhampton Wanderers, Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea
  5. Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers, Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea
  • One five-fold accumulator
  1. Manchester City to beat Everton, Newcastle United to beat Brighton & Hove Albion, Southampton to beat Wolverhampton Wanderers, Tottenham Hotspur to beat Crystal Palace and Arsenal to beat Chelsea
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In this scenario, the bettor would win if any of these bets came in, but the amount they made would change depending on which bet won. If the five-fold accumulator came in, the bettor would make more money than if one of the doubles won. This is because it is much easier to predict two winners than it is to predict five. 

As there are so many bets being made, the bettor would have to put down quite a large overall stake. In a Canadian bet, if for example a £2 unit stake per leg were being staked, the bettor would be placing a bet worth £52 in total. If it was a £10 unit stake per leg, the bettor would be placing a bet of £260 overall

Other kinds of multiple bets

A Canadian bet is a form of multiple bet, and there are many different kinds of multiple bets available to bettors. Double bets, for example, allow bettors to make two different selections and if they both win, the bettor makes. Treble bets extend the number of selections to three; if they all win, the bettor wins. 

Trixie bets are comprised of three selections and four bets. Like a Canadian bet, they combine different forms of bet: in this case, there are three double bets and one treble bet. Unlike the double and treble bet, this kind of bet delivers a return if one of the selections does not win. Patent bets, yankee bets and Lucky 15 bets offer more expansive possibilities to bettors who may be feeling ambitious. 

Canadian bets are quite complicated to make and require a clear understanding of what is being bet on and what the bettor stands to make. However, those who feel that they have that insight and understand the field and the participants within it could be well rewarded for their predictions.

Plus, don't forget to check out our bet calculator, where you can calculate your winnings.

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