If you are looking for the answer to the question “What Is a Canadian Bet?” then you have landed on our simple guide to this bet.
We won’t waste your time, and on this page, we’ll answer the questions:
- How much does a Canadian bet cost?
- How many combinations does a Canadian bet have?
- How does a Canadian bet work?
We’ll explain and show you how many selections the bet has and how all the different 26 combinations work for this bet.
All of the info will be explained in simple English with tables and screenshots to help guide you along the way. This is also designed to be easy to understand for new and novice bettors.
How Much Does a £0.20P Canadian Bet Cost?
Depending on your betting style and how much you want to budget will decide how much a Canadian bet will cost. You can do these bets for different stakes depending on your budget. Don’t forget that you should only bet with money you can comfortably afford to lose.
Check out the table below, which shows you how much it costs for a twenty-pence Canadian bet.
| CANADIAN BET STAKE | TOTAL COST |
|---|---|
| £0.10p Win | £2.60 |
| £0.10p Each Way | £5.20 |
| £0.20p Win | £5.20 |
| £0.20p Each Way | £10.40 |
| £0.25p Win | £6.50 |
| £0.25p Each Way | £13.00 |
| £0.50p Win | £13.00 |
| £0.50p Each Way | £26.00 |
| £1.00p Win | £26.00 |
| £1.00 Each Way | £52.00 |
| £5.00p Win | £130.00 |
| £5.00 Each Way | £260.00 |
The Canadian bet is great for both beginners and advanced punters. It has five selections and combines doubles, trebles, fourfold accumulators and a single fivefold accumulator.
So you have 26 separate bets that are within a Canadian bet, and the great thing is that it gives you multiple chances to win.
Although it might seem complicated for novices, it is in fact quite an easy bet to understand. See the table below.
How Many Combinations Does an Canadian Bet Have?
In the table below you can see how many combinations in total the Canadian bet has.
| BET TYPE | NO OF COMBINATIONS |
|---|---|
| Singles | 0 |
| Doubles | 10 |
| Trebles | 10 |
| Fourfolds | 5 |
| Fivefolds | 1 |
| Sixfolds | 0 |
| Sevenfolds | 0 |
| Eightfolds | 0 |
| Ninefolds | 0 |
| Tenfolds | 0 |
Understanding the various multiple bet types is important with any type of bet, but even more so with the Canadian bet. You can use this bet very strategically.
As an example, if you are a novice punter, you might want to go for an each-way Canadian bet and focus on horses that are bigger prices. This means that it is a good idea if your selections are priced at odds of 5/1 of bigger. EW Canadian bets are a more fun bet and give you an interest in five separate races.
It is important to note that you will need at least two of your selections to be successful to get a return with this bet.
How Does a Canadian Bet Work
Firstly you will want to select your horses, so let’s look at five mythical selections below which are priced at 5/1 or higher, and for this example, we’ll use a £0.50p each way stake, so your total outlay is £26.
- Selection A – 5/1
- Selection B – 6/1
- Selection C – 8/1
- Selection D – 10/1
- Selection E – 10/1
So our total stake is £26, and of course, we want to win if possible, but also eliminate as much downside as possible. So how many winners or places will we need to break even or make a profit?
Let’s take our two biggest-priced selections and say they have both won. So it means we have a 10/1 winner and a 10/1 winner.
This gives us a win double which would return £60.50 for a profit of £34.50 on the money we laid out for our bet.
But our bet is an each-way bet and we don’t really need the horses to win. We just need them to be in the frame. So let’s say our three biggest prices (10/1, 10/1 & 8/1) all got placed, this would mean we have 3 doubles and 1 treble.
- 8/1 place and a 10/1 place for a £0.50 stake gives us a return of £3.90
- 8/1 place and a 10/1 place for a £0.50 stake gives us a return of £3.90
- 10/1 place and a 10/1 place for a £0.50 stake gives us a return of £4.50
- 8/1, 10/1 and 10/1 places give us an each-way treble for a return of £11.70
It means our three places have returned £24, which means a £2 loss on the money we have laid out for our bet.
And if you are wondering how much the return would be if we had all five horses placed, then the total return would be £269.58 for an outlay of £26.
All of the various Canadian bet combinations are below and we have bolded the winning combinations from our example above
| DOUBLES | TREBLES | FOURFOLDS | FIVEFOLDS |
|---|---|---|---|
| A B | A B C | A B C D | A B C D E |
| A C | A B D | A B C E | |
| A D | A B E | A B D E | |
| A E | A C D | A C D E | |
| B C | A C E | B C D E | |
| B D | A D E | ||
| B E | B C D | ||
| C D | B C E | ||
| C E | B D E | ||
| D E | C D E |
Conclusion
These horse racing betting combinations are great bets if you are looking for a low stake alternative and a bet which is fun and gives you an interest in a number of races. Hopefully, you’ll have learned more about what a Canadian bet is, and you can now understand exactly how all the combinations work.
If you like placing combination bets then you might want to follow our horse racing expert Richard Smith here at Ontheballbets and his regular pieces on all the big race meetings including the Cheltenham Festival, The Grand National, Royal Ascot, Glorious Goodwood, Qatar Prix De L’Arc de Triomphe, Breeders Cup, The Melbourne Cup.
Responsible Gambling
The information on this page and across the Ontheballbets website is meant for entertainment purposes and should be viewed as such.
If you are betting on horse racing or any other sport then please make sure to bet responsibly. Only bet an amount that you can comfortably afford to lose.
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