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Best Betting Sites UK / Betting Strategies / Canadian Bets Explained: How Does A Canadian Bet Work?

Canadian Bets Explained: How Does A Canadian Bet Work?

Publish Date:15/01/2024
Fact checked by: Jordan Noble

Let’s be honest here. Betting is just that little bit more fun when testing out a new strategy or two. But even the most seasoned bettors occasionally get confused by what a Canadian bet is.

In a nutshell, placing a Canadian bet involves making five different selections, which are automatically divided into a total of 26 different betting opportunities which cover multiple outcomes and effectively place 10 double bets, 10 trebles, 5 four-folds and 1 five-fold-accumulator bet. It’s immense fun, and it offers immense potential, too.

What is a Canadian bet? A basic definition

Allow me to start off by simply explaining the meaning of a Canadian bet. From there, I’ll pull apart how the strategy works, and what you can ultimately expect of it.

Right then, a Canadian bet is basically just a multiple bet with a specific split. To kick-start a Canadian bet, you simply need to make five selections, which are automatically converted to 26 equal bets made up of:

  • 10x doubles.
  • 10x triples.
  • 5x four-folds.
  • 1x five-fold accumulator.

How does a Canadian bet work?

Playing a Canadian bet is a little different from the over under strategy I wrote about recently. In fact, it has more in common with other multi-bet approaches like “Yankee bets” or Lucky 15s. If you’re unfamiliar with those, though, don’t worry – they’re different stories for a different day.

So, how does a Canadian bet work, then? Well, to put down a Canadian bet, you simply need to make five bet selections, then hit the “Canadian bet” button from the multiples your bookie has available. A word of warning, though: some bookmakers like to call this bet a “Super Yankee” - meaning the multiple option you need to look for might go by that name instead.

Once you’ve made your selection and hit the button, your Canadian bet will be automatically generated to cover all of the 26 different outcomes, as follows:

Bet typeSelections
Doubles10x the following:
1+2, 1+3, 1+4, 1+5, 2+3, 2+4, 2+5, 3+4, 3+5, or 4+5.
Triples10x the following:
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, or 3+4+5.
Four-folds5x the following:
1+2+3+4, 1+2+3+5, 1+2+4+5, 1+3+4+5, or 2+3+4+5.
Five-fold accumulator1x the following:
1+2+3+4+5.

Now, each individual bet itself must have the same unit stake. But, depending on the bookie, you might be able to stake as little as £0.05 apiece - meaning Canadian sports betting doesn’t have to cost you the earth. This is one of many reasons the strategy’s growing incredibly popular. It also makes a great fun alternative to a more conventional accumulator, and is flexible enough to work well with practically any sport.

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What is a Canadian bet in horse racing?

Well… it’s the same as placing a Canadian bet anywhere else, really. Just stick to the rules, and you’ll be plain-sailing.

Oh and while we’re doing a little Q&A here, a lot of people also ask me “what does each way mean in betting”, so I’ll answer that right here, too. An each way bet literally just means betting on two outcomes – and this strategy can be quite easily combined with Canadian betting.

How? Well, using the same strategy, you’ll place your Canadian bet as explained above, then tick the ‘Each Way’ box to place a total of 52 bets with an identical unit stake. 50% of your stake is on a ‘win’ outcome, while the other 50% covers you if one or more of your selections only manages to place. Again, each stake can be as low as just £0.05 with some of the best bookies out there. Got it? Good.

How many bets are there in a Canadian bet?

As I have explained, a Canadian bet comprises 26 bets in total – unless you’re opting for the 52-bet each way variation.

What are the best betting sites to try-out the Canadian sports betting strategy with?

Now you’re in-the-loop about what a Canadian bet is and how it works, here’s a handful of sites where you can try out the strategy for yourself. I’ve given it a go with each of the following five sites, and am happy to confirm, they’re all epic fun.

Bwin – the very best place to give a Canadian bet a go

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Bwin is the standout choice here. Why? Well, they offer access to 32 different sports markets, literally thousands of individual betting events each month, and some of the best odds around – meaning there’s no shortage of options when it comes to deciding where to play your next Canadian bet.

The brand also offers an excellent betting app, high-speed withdrawals and a water-tight security rep. In short, you can’t really go too far wrong with Bwin. Particularly as you can sign up to the online bookmaker right now and get a welcome offer that gives you £20 in bonus bets.

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Now you know what a Canadian bet is, you’re probably keen to try one out with a bookmaker that offers a half-decent bonus, right? Well, if so, Coral is currently serving up a £20 free bet to all new arrivals who drop £5 or more on any sport.

You’ll even be able to place a Canadian bet with this relatively small bonus if you want, or to sample more of everything Coral has to offer – which, in short, is hundreds of markets just waiting for Canadian and each way bets later down the line.

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Betfred – a solid option for security-conscious bettors.

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Betfred offers anything from boxing odds to casino games, and of course, their site is an incredible place to try out new betting strategies. Why? Well, it's properly licensed, has been in the business for generations and runs regular promotions on major Canadian bet-friendly sports events.

The site’s also SSL-encrypted and offers a ton of self-exclusion tools and trusted responsible gaming resources, if ever you need them. This kind of thing is always a good sign the site you’re dealing with is the real deal.

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If you’re itching to put down your next Canadian bet ASAP, I’ve good news for you – Unibet accepts instant deposits via PayPal, Neteller, and a whole bunch of credit and debit cards.

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Ladbrokes serves-up a two-in-one iGaming platform that seamlessly combines casino gaming with ultra-competitive sportsbook odds. So, that means if ever you tire of unpicking what a Canadian bet is and placing accumulators, you can kick back at some blackjack or roulette tables for a change of scenery. Ideal, right?

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Conclusion – once you’re confident what a Canadian bet is, give it a whirl

Satisfied I’ve fully explained Canadian bets? If not, here’s a quick recap: a Canadian bet is a multi-bet strategy that groups together 26 equal bets, and it’s popular for several reasons – it’s fun to try-out, makes a worthwhile accumulator alternative and is super-flexible in terms of which markets it can be played on.

But before trying out a Canadian bet for yourself, be sure to memorise the rules and follow them very carefully. Oh, and don’t forget, the strategy works nicely in tandem with each way betting if you fancy a bit more of a challenge, too.

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What is a Canadian bet? FAQ

❓ How does a Canadian bet work?

Basically, you’ll need to make five selections, then select ‘Canadian’ or ‘Super Yankee’ from your bookmaker’s choice of multiple bets. The bet will then be placed automatically to cover 26 potential outcomes covering all possible ways of winning.

🧐 Is placing a Canadian bet a good strategy?

Follow the rules correctly, and this approach is fun and packed full of potential. Read my guide to find out how this popular bet works.

🔎 Which betting sites are best for trying out new strategies?

Bwin and Betfred are both a good shout. My reviews reveal exactly why they make the top of my recommended bookmaker list.

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