A “Canadian Bet,” also known as a “Super Yankee,” is a type of wager commonly used in horse racing and other sports betting. It consists of 26 bets on five different selections. This complex wager includes 10 doubles, 10 trebles, 5 four-fold accumulators, and 1 five-fold accumulator. A Canadian Bet Calculator simplifies this process, helping bettors understand their potential returns.
Purpose and Functionality
The Canadian Bet Calculator is designed to:
- Calculate potential winnings based on the given odds and stakes.
- Break down the 26 individual bets included in a Canadian Bet.
- Provide a clear understanding of how different selections and odds impact potential returns.
Key Inputs for a Canadian Bet Calculator
- Selections: The outcomes or selections you are betting on (total of 5).
- Odds for Each Selection: The odds associated with each of the five selections.
- Stake per Bet: The amount of money wagered on each of the 26 bets.
How It Works
The total stake for a Canadian bet is 26 times the stake per individual bet because there are 26 separate bets. Here’s the breakdown:
- 10 Doubles: Bets on every possible combination of two selections.
- 10 Trebles: Bets on every combination of three selections.
- 5 Four-Folds: Bets on every combination of four selections.
- 1 Five-Fold: One bet on all five selections.
Formula to Calculate Returns
Double:
Return=Stake×(Odds1+1)×(Odds2+1)−StakeReturn=Stake×(Odds1+1)×(Odds2+1)−Stake
Treble:
Return=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)−StakeReturn=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)−Stake
Four-Fold:
Return=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)−StakeReturn=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)−Stake
Five-Fold:
Return=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)×(Odds5+1)−StakeReturn=Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)×(Odds5+1)−Stake
Example Calculation
If you bet $1 on each part of the Canadian bet (total stake $26) with the following odds:
- Selection 1: 3.0
- Selection 2: 4.0
- Selection 3: 2.5
- Selection 4: 5.0
- Selection 5: 1.5
Calculating One of the Doubles (Selection 1 and 2):
Return=1×(3.0+1)×(4.0+1)−1=$16Return=1×(3.0+1)×(4.0+1)−1=$16
Total Return Calculation:
You would calculate the return for each of the 26 bets similarly and sum them to get the total potential return from the bet.
Information Table
| Bet Type | Number of Bets | Formula for Return |
|---|---|---|
| Doubles | 10 | Stake×(Odds1+1)×(Odds2+1)−StakeStake×(Odds1+1)×(Odds2+1)−Stake |
| Trebles | 10 | Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)−StakeStake×(Odds1+1)×(Odds2+1)×(Odds3+1)−Stake |
| Four-Folds | 5 | Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)−StakeStake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)−Stake |
| Five-Fold | 1 | Stake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)×(Odds5+1)−StakeStake×(Odds1+1)×(Odds2+1)×(Odds3+1)×(Odds4+1)×(Odds5+1)−Stake |
Conclusion
Using a Canadian Bet Calculator helps bettors understand the potential returns from their wagers, taking into account the complex structure of the bet. This tool is invaluable for strategizing and managing risk in sports betting. By providing clear and precise calculations, it allows bettors to make informed decisions and optimize their betting strategies.