Strictly speaking the Canadian Bet is not one of the popular full cover bets as singles are not included, meaning at least two selections must win to yield a return.

The Canadian remains a very popular bet on the high street and is increasingly so with large internet firms, the bet appearing automatically as an option upon selection of the appropriate number of individual bets on one slip.

The Canadian Bet Explained

The Canadian is also known as a Super Yankee and is simply an extension of the original Yankee bet. The original Yankee is made up of 4 selections while this one simply needs an extra one, taking the overall wager to 26 different bets.

Although it is difficult to predict accurately what effect a losing selection can have on the bet, what we do know is that should any two of the five selections be successful then a return on the investment can be expected.

Betting sites that offer Canadian bet

Online Bookmakers	Bookmaker's Promotion	Amount	Bet Now
	Open Account Offer Bet £10 & Get £30 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.	£30	Bet now
	Bet £10 and get £30 in free bets New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply.	£30	Bet now
	Welcome Offer - Bet £10 Get £30 New 18+ UK customers. Deposit & place bet on sports at a minimum of £10 in one bet transaction at evens (2.0)+ within 7 days of registering. £30 paid in Free Bets within 10 hours of bet settlement, expires 7-days after issue. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 7 days of registration. Proof of I.D and address may be required. Full T&C's apply.	£30	Bet now
	£30 Matched Free Bet If Your First Acca Loses + 50 Free Spins New UK customers only. Min Stake: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. 50 Free Spins on Big Bass Bonanza (£0.10 per spin) credited on settlement of qualifying Acca bet. No wagering requirements on free spin winnings. Debit Card deposit only (exclusions apply). This offer is valid 7 days from the new account being registered. 18+ BeGambleAware.o	£30	Bet now

How The Canadian Bet Works

When placing a bet with any online firm, the Canadian or Super Yankee will come up as a possible wager as soon as five selections are chosen and placed in one slip under the multiples section.

Placing a Canadian, especially in horse racing when the five selections may run over the course of a number of hours, means our bet can stay alive for the entirety of a sporting afternoon rather than having us lose our money in a matter of moments.

How Many Bets Are There In A Canadian Bet?

There are 26 bets in all in a Canadian, the bet being based on 5 individual selections which are broken down as follows:

10 x doubles

10 x trebles

5 x fourfolds

1 x fivefold

How Are Winnings Calculated?

Should we place a 20p Canadian (total stake £5.20) and three of our selections should win at odds of 2/1, 3/1 and 4/1 then our winnings will be calculated thus:

20p double on selections at 2/1 & 3/1 = £2.40 return

20p double on selections at 2/1 & 4/1 = £3.00

20p double on selections at 3/1 & 4/1 = £4.00

20p treble on all three selections = £12.00

This would give us a total return of £21.40 which is an excellent profit on our original £5.20 stake. As you can see, even at these sorts of prices just two winners would have covered our investment and given us a very small profit although this will not always be the case.

Backing horses at odds-on or other very short prices will almost always lead to a loss on Canadian bets so a chance must be taken on those at bigger odds.

Many online bookmakers will offer bonuses on such wagers however, sometimes as big as 20% which can really boost potential returns, though this sort of offer changes from firm to firm and is not a permanent promotion.

One thing we must always remember when betting multiples like this is to keep unit stakes to a sensible level, i.e. if you were to enter £5 into the unit stake box and click ‘bet’ without thinking, then on a Canadian this would cost you a total of £130, so be careful!