Canadian Betting Term Meaning

A Canadian bet, also known as a Super Yankee, is a wager composed of 26 bets across five selections. Those 26 bets are made up of 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold accumulator. 

The Canadian is still a very popular method of betting for horse racing punters, but it is by no means restricted to this sport alone. Some football bettors have adopted this betting system as their preferred choice. As the Canadian does not involve any single bets, it isn’t full coverage. This also means that you need to land more than one correct bet selection to see a return. 

Let’s take an example from the English Premier League. The first thing you have to do is choose your five selections. We’re going to go with:

Next, select the ‘Canadian’ option on your betting slip. Depending on which online sportsbook you’re using, it might be under ‘system bets’ or ‘combinations’. The Canadian will be formed like this:

A stake of £1 per bet will mean that the total cost of this Canadian wager will be £26.

The payout on a Canadian bet depends on how many selections are correct and what the odds are for those winning selections. It is important to note that if the odds are low, you will not return a profit even with two winning selections. Here are a few examples: 

If only bet numbers 1 and 2 win, the payout is for the 1x2 double bet only. This is 2.5 x 3.0 = 7.5 x £1 = £7.50. With the total cost of the bet being £26, you lost £18.50 overall (£26 - £7.50).

With three correct selections, the winning bets are 3 doubles (1x2, 1x3, 2x3) and 1 treble (1x2x3). This pays out:

A total return of £46.50 - £26 stake = £20.50 profit. 

If all five selections are correct, therefore all 26 individual bets win, the total payout is £574 - £26 = £548 profit.

The advantage of a Canadian bet is that you do not need every selection to win to bank a profit. This allows punters to include at least one, if not two, longshots on their betting slip. A strategy like this is high-risk if you only place a straight single bet accumulator. The trade-off is, of course, the 26 betting units you must stake on a Canadian.

Lastly, punters can also place each-way Canadian bets. This doubles the initial stake of the bet to 52 betting units but can produce better payouts if all the selections end up winning because you get paid on both the win and place portions of the bets. 

Each way Canadians are more for horse and dog racing betting, although they can also be used on outright winner markets for golf and tennis tournaments, as well as markets such as Super Bowl winner and UEFA Champions League outright.