What Is A Canadian Bet?

What Is A Canadian Bet?

A Canadian bet is a complicated combination wager, where you bet on five different races. The wager consists of ten doubles, ten trebles, five fourfolds and one fivefold accumulator.

There are no single bets in a Canadian. This means that if you only pick one winner, you will not get a return, unless there is a consolation bonus on offer for picking just a single winner.

Let’s take a look at an example of a Canadian bet. To keep it as simple as possible, we will assume that all horses were priced at 2.0, or even money. In this example, all of the races will be at the same meeting, but you can select races from as many different meetings, as you like.

Example of a Canadian Bet

Catterick

R1 Joes Delight 2.0

R2 Philharmonic 2.0

R3 Mr Big Time 2.0

R4 Perfect Melody 2.0

R5 June River 2.0

£1.00 Canadian bet

Total wagered: £26.00

As we stated earlier, if you only picked one winner you would get no return. How much would you get if you picked two winners?

If Joes Delight and Philharmonic won, you would have one win double. This means that you had £1 on Joes Delight, which returned £2. That £2 was then bet on Philharmonic, which returned £4. £4 is our total return and our net loss is £22.

That’s not very good, is it? Let’s see how we fair when Mr Big Time also wins his race.

This gives us three win doubles (paying £4 each) and one win treble (paying £8). Our total return is now £20 and our net loss is £6. Even with three winners, we have lost money. This is because the horses all went off at 2.0.

Things start looking up when Perfect Melody also wins. We now have six winning doubles (paying £4 each), four winning trebles (paying £8 each) and one winning fourfold (paying £16). Our total return is now £72 and our net profit is £46.

The Perfect Canadian Bet

If all five horses win, we can expect a very handsome return. This consists of ten winning doubles (£4 each), ten winning trebles (£8 each), five winning fourfolds (each one pays £16) and one winning fivefold (this pays £32). Our total return is now £232, which gives us a net profit of £206.

Would you like to know how much a Canadian pays with longer odds?

If all horses are priced at 3.0 (2/1), we get back £1008.

When the odds are raised to 4.0 (3/1), our return is £3104.

With odds of 6.0 (5/1), this leaps to an eye-watering £16,776!

So, while a Canadian bet can provide some kind of return for just two winners, it gives you the chance to strike it rich, when you get all of your selections right.

Betting With RaceBets

RaceBets offer a full range of combination bets. Click here to create your own RaceBets account and claim your welcome bonus!