So, what is a Canadian bet?
A Canadian Bet is a bet that consists of five selections that are rolled up into twenty-six bets, ten doubles, ten trebles, five 4-folds and a 5-fold. A Canadian bet is a good cover bet when you have five selections that you are fairly confident in and can maximise your returns if several of them come in and can reduce the risk if only three or four of your five selections win.
A Canadian bet is considered a full cover bet as each of your selections is covered by doubles, trebles, 4-folds and the 5-fold.
Canadian Bet Composition
You have five selections in a Canadian (1,2,3,4,5), below you can find a breakdown of how the bets are covered:
Doubles: 1+2, 1+3, 1+4, 1+5, 2+3, 2+4, 2+5, 3+4, 3+5, 4+5
Trebles: 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, 3+4+5
4-folds: 1+2+3+4, 1+2+3+5, 1+2+4+5, 1+3+4+5, 2+3+4+5
As a Canadian consists of four separate bets, if you were to put £1 on, your total stake would be £26 (£1 x 26).
What Is A Canadian Bet Good For?
As a Canadian bet has so many lines it is often good to get your cover on the treble line, in order to break a profit if only three of your five selections win. In order to make this work you should run this bet type when your selections have odds over 2/1 (3.00) as this should be good cover if only three of your five win.
It is also good if you have two longer odds selections that you are confident in that you can group up with some lower odds selections to create some good compound profits. For example, two selections at 6/1 (7.00) and then three selections at Evens (2.00).
This type of bet is good when betting on Both Teams To Score & Win selections, Correct Score Bets and Draw Betting as the odds in these markets tend to sit inside the brackets that suit this bet type.
Canadian Bet Example
As an example of a Canadian bet, lets imagine that you have backed Barcelona, Arsenal and Liverpool, Malaga & Juventus all to win and both teams to score and each selection has odds of Evens (4.00).
In this example you have placed £1 on the Canadian so your total stake is £26.
If only one of your selections wins, your bet returns £0 as you need at least a double to land a return, this means you make a £26 loss.
If two of your five selections win then you win one of your doubles. If you multiple the odds of those two selections, in this case 4.00 x 4.00, you get odds of 16.00 for the double X your £1 on that bet means you get £16 back and make only a £10 loss on your bet.
If three of your five selections win then you win three of your doubles (£16 x 3 = £48) and you win the treble which in this case is at odds of 64.00 (4.00 x 4.00 x 4.00), so your £1 on the treble returns £64. Add this to the return you got on your doubles and you have £48+ £64 = £112 return from your £26 bet…. Which is £86 profit.
If four of your five selections win then you win six of your doubles (£16 x 6 = £96) and you win four of your trebles (£64 x 4 = £256) and you win one of your 4-folds, which in this case is at odds of 256.00 (4.00 x 4.00 x 4.00 x 4.00), so your £1 on the 4-fold returns £256. Add this to the return you got on your doubles and trebles and you have £96+ £256 + £256 = £608 return from your £26 bet…. Which is £582 profit.
If all of your five selections win then you win all of your doubles (£16 x 10 = £160) and all of your trebles (£64 x 10 = £640) and all of your 4-folds (£256 x 5 = £1280) and your 5-fold which in this case is at odds of 1024.00 (4.00 x 4.00 x 4.00 x 4.00 x 4.00), so your £1 on the 5-fold returns £1024. Add this to the return you got on your doubles, trebles and 4-folds and you have £160+ £640+ £1280 + £1024 = £3104 return from your £26 bet…. Which is £3078 profit.
Hopefully this article has helped you with your understanding of what is a Canadian bet.