What is a Canadian Bet? - Canadian Betting Explained in Full

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Football

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Tennis

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Darts

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Cricket

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Golf

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Horse Racing

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F1

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Boxing

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Debit card

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Paypal

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Neteller

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Skrill

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Apple Pay

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PaysafeCard

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Trustly

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Home » what is a canadian bet

Equine expert

Updated: 21 August 2023

A Canadian bet is one of the combination and system wagers available to punters at the bookies where five selections on different events go together on the same betslip with 26 different aspects in all, made up of 10 Doubles, 10 Trebles, 5 four-fold accumulators and 1 five-fold accumulator. This is where to discover what is a Canadian bet in horse racing terms. After all, it’s an option that every punter should be aware of. Read on, and you’ll soon understand the Canadian betting meaning after our experts explain it all and how it works.

What is a Canadian Bet?

Let’s get straight to the heart of the matter. This page is all about having the Canadian bet explained to you. It’s a type of combination and system wager that all top betting sites provide on their online sportsbooks. Comprised of five different selections placed as 26 different multiples, that is the Canadian bet meaning in a nutshell. The next step is to expand on this further.

How Does a Canadian Bet Work?

Find out what is a Canadian bet in horse racing terms

Find out what is a Canadian bet in horse racing terms

Now that you know what is a Canadian bet in horse racing and other circles, there are the finer details to consider. Five selections on different races, matches, games or sporting events combined as 26 different bets does mean significant outlay with that many times the unit stake wagered. These are the multiples that make up a Canadian betting punt:

10 Doubles – AB, AC, AD, AE, BC, BD, BE, CD, CE, DE
10 Trebles – ABC, ABD, ABE, ACD, ACE, ADE, BCD, BCE, BDE, CDE
5 Four-fold Accumulators – ABCD, ABCE, ABDE, ACDE, BCDE
1 Five-fold Accumulator – ABCDE

While there are a lot of constituent parts to a Canadian bet, not all five selections need to win in order for the bookies to payout a return to you. Just two picks, i.e. one of the 10 possible Doubles, must be successful to at least get something back. The point where Canadian betting becomes profitable does rather depend on the odds of each selection, which are multiplied together in the above combinations.

This is just like with a football accumulator where payouts are formulated in the same way. In an ideal world, you’ll get lucky and all five picks will be winners. If that’s the outcome, then the Canadian bet type returns the greatest possible profit. You need to get a wager on where you can be up on your investment if three or four selections deliver, so you aren’t dependent on a clean sweep.

Canadian Betting Each Way

Yous also have the option of placing a Canadian bet each way if you so wish. This doubles the total outlay on a straight, win only version of the wager. That means your unit stake is multiplied by 52, rather than 26, to cover the 10 Doubles, 10 Trebles, 5 Four-folds and 1 Five-fold accumulator as both outright winners and to be placed.

You only need a minimum of two selections finishing placed to receive a return from bookmakers. However, there are minimum odds thresholds for a place that need to be met and at least break even, or it’s isn’t considered value betting wise and worthwhile. Picks must be 4/1 or 5/1 minimum when betting on a race, depending on its type and the number of participants. More on this in a moment.

The each way market is most commonly associated with horse racing betting, but could also be available on other sports. This will likely involve outright competition or tournament wins, or the top goalscorer markers on leagues in football. When people ask what is a Canadian bet nowadays, it can mean on some other sport besides the horses you see.

One of the unique aspects of an each way bet is that there are place terms attached to such a wager. These entirely depend on the number of runners, teams or players in the market and the type of sporting event or race in question. Here are the fractions of outright odds that you will find paid out for a placed selection in your Canadian bets:

Half or a Third – for betting on football leagues, cups and competitions outright.
Quarter – any horse race with between five and seven runners, or handicaps with 12 or more runners.
Fifth – any conditions horse race with eight or more runners, or handicaps with between eight and 11 runners.

Horse racing terms as set out by Tattersalls Committee Rules on Betting under Rule 3.

Canadian Bet Calculator

Getting your head around what is a Canadian bet in horse racing actually turns out to be quite complicated. Nobody would blame you if you needed help figuring out what you’ll receive from the bookies in all the possible scenarios. That’s where a free bet calculator can come in handy. Anything that automatically does all the legwork and sums for you is highly convenient.

A Canadian betting calculator that shows you what happens if two, three, four or all of your selections win and/or finished placed helps in turn to provide you with a better understanding of what you need to do to break even or turn a profit from such a wager. This may even highlight if it’s worth putting on in the first place.

Pros & Cons of Canadian Betting

Like so many things in life, the Canadian bet type has both an upside to it and some drawbacks on the other hand. Taking this balanced approach to any form of wager is something our experts feel strongly about. Being honest about gambling’s positives and disadvantages is a core ethos here. With that in mind, here are the best and worst aspects of Canadian betting that you should weigh up for yourselves:

Pros:

Can win large amounts off small stakes
Less risky than a straight accumulator
Not all legs must win to get a return

Cons:

26x unit stake as outlay on the wager
Each way option not always worth it
Hard working out when bet turns profit

Other Wagers Similar to the Canadian Bet Type

The Canadian is far from the only combination and system bet available to punters in their gambling arsenal. Far from it, in fact. Whether it’s full cover betting including Singles, or similar wagers that start with Doubles and up, all of these are worth checking out if you want to multiple selections together in different ways to an accumulator:

Trixie – 3 selections as 4 bets: 3 Doubles and a Treble.
Patent – 3 selections as 7 bets: 3 Singles, 3 Doubles and a Treble.
Yankee – 4 selections as 11 bets: 6 Doubles, 4 Trebles and a Four-fold accumulator.
Lucky 15 – 4 selections as 15 bets: 4 Singles, 6 Doubles, 4 Trebles and a Four-fold accumulator.
Lucky 31 – 5 selections as 31 bets: 5 Singles, 10 Doubles, 10 Trebles, 5 Four-folds and a Five-fold accumulator.
Heinz – 6 selections as 57 bets: 15 Doubles, 20 Trebles, 15 Four-folds, 6 Five-folds and a Sixfold accumulator.
Lucky 63 – 6 selections as 63 bets: 6 Singles, 15 Doubles, 20 Trebles, 15 Four-folds, 6 Five-folds and a Six-fold accumulator.
Super Heinz – 7 selections as 120 bets: 21 Doubles, 35 Trebles, 35 Four-folds, 21 Five-folds, 7 Six-folds and a Seven-fold accumulator.
Goliath – 8 selections as 247 bets: 28 Doubles, 56 Trebles, 70 Four-folds, 56 Five-folds, 28 Six-folds, 8 Seven-folds and an Eight-fold accumulator.

Best Canadian Betting Sites

As you realize from this article, this bet type can be found at most betting sites. So finding the best site for placing a Canadian bet in the UK is very much up to personal preferences. We recommend you take a look at the sites we reviewed here and after that, pick one that appeals to you. We wish you good luck in your endeavors and hope we gave you a good introduction to what a Canadian bet is, and how to place it.

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Jamie Clark

Equine expert

Horse racing expert Jamie Clark joined the SafeBettingSites team in 2021 after a decade working in related industries. Hailing from a strong gambling background, he is now the master behind our Academy, breaking down and explaining betting jargon and key terms. Jamie can aid you in better understanding what they all mean. He uses his vast knowledge of horse racing and other popular betting sports to pull the curtain back on popular wagers by providing advice and strategy on how to make these work best for punters. After honing his skills as the sports editor of major betting brand Coral, Jamie forged a successful freelance career working with bookmakers to provide informative content just like that in the Betting Academy.

View all posts by Jamie Clark

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