Canadian Bet — Find Out How This Sports Wager Works

A Canadian Bet Explained Using Possible Examples

As mentioned earlier, five selections are needed in order to compile a Canadian bet. Those five picks leave us with 26 different combinations, which are made up as follows:

• 10 Doubles
• 10 Trebles
• 5 Four-Fold Accumulators
• 1 Five-Fold Accumulator

One of the more common questions asked is “what is a Canadian bet in football” and, while the system can be used on any event published by the bookmakers, this sport is perfect for outlining an example how to use this famous betting guide.

At the time of writing this guide, Euro 2020 is just around the corner. Let’s say that we look at the first round of matches, and we want England, Belgium, Germany, Portugal, and the Czech Republic all to win. Simply click on those five teams and follow the exact betting process that we will underline in the next section.

In order for any kind of return to come back into our customer accounts, we need at least two of those selections to win. However, any basic Canadian bet calculator will tell us that one double isn’t enough to secure an overall profit. So, before you stake, work out your own Canadian bet return calculator to see how many picks need to win based on the odds that you’ve selected.

There is no mystery behind the strategy linked to a Canadian bet. Random outcomes and shock results can always happen, but it’s recommended that you undertake lots of research before making your decision. Look at a team’s form and any head-to-head results, along with other statistics that might help.

How Does a Canadian Bet Work? The Betting Process Explained

To outline the process of betting, we’re going to use those five picks that we mentioned in the previous section. These are actual selections from the first round of games at Euro 2020, so we will be backing England, Belgium, Germany, Portugal, and the Czech Republic.

We have a large selection of the best football betting sites recommended within this site, but any respectable sportsbook should cover this option. We’ve now logged on, headed to the football section and clicked on those five teams.

Our bet slip now looks like this:

You’ll notice that the standard default is to give us five single bets; however, we want a Canadian multiple bet. At the top-right edge of that bet slip is a tab marked ‘multiples’. Click on it. The option for a Canadian bet should now come up at right.

Mark the box, and we now have our Canadian multiple bet. As you can see from the screenshot, we’ve inputted £1.00 as the unit stake, and the sportsbook has automatically multiplied this to £26.00 in total. It’s also applied a Canadian bet calculator for winnings, so we can see that we’ll receive £238.49 back into the account if all five bets are successful.

It really is an easy process and, while bet slips will look slightly different depending on which bookmaker you use, the method will be similar. You now know the Canadian bet meaning, so it’s time to put your knowledge into practice.

A Canadian Bet Breakdown of Winnings

Example:

• 5 selections
• each selection is priced 1/1
• wager £1 on the Canadian bet
• total stake of £26

Return per bet type:

• Double - £4
• Treble - £8
• 4-Fold - £16
• 5-Fold - £32