Odds Calculator Canada - Calculate your Returns on NHL & CFL
Instantly calculate your potential payout and total profit for any wager with the AceOdds odds calculator, for Canada users. Whether you are betting an NHL puck line, a CFL point spread, or converting Decimal to American odds, our betting calculator does the heavy lifting for you. Simply enter your stake and odds to instantly see your exact returns and implied probability. Head over to our dedicated Parlay Calculator to work out your combined odds and total payouts.
Betting Odds Calculator - All Types & Options
| Name | Selections | Bets | Definition |
|---|---|---|---|
| Single | 1 | 1 | 1 bet on 1 selection. |
| Each Way | 1 | 2 | 2 bets on 1 selection. One to win and one to place. |
| Double | 2 | 1 | 1 bet on 2 selections. |
| Treble | 3 | 1 | 1 bet on 3 selections. |
| Accumulator | 4+ | 1 | 1 bet on up to 20 selections. |
| Trixie | 3 | 4 | 3 doubles, 1 treble. |
| Patent | 3 | 7 | 3 singles, 3 doubles, 1 treble. |
| Yankee | 4 | 11 | 6 doubles, 4 trebles, 1 four-fold accumulator. |
| Canadian | 5 | 26 | 10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator. |
| Super Yankee | 5 | 26 | 10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator. |
| Heinz | 6 | 57 | 15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold accumulator. |
| Super Heinz | 7 | 120 | 21 doubles, 35 trebles, 35 four-fold, 21 five-fold, 7 six-fold, 1 seven-fold accumulator. |
| Goliath | 8 | 247 | 28 doubles, 56 trebles, 70 four-fold, 56 five-fold, 28 six-fold, 8 seven-fold, 1 eight-fold accumulator. |
| Lucky 15 | 4 | 15 | 4 singles, 6 doubles, 4 trebles, 1 four-fold accumulator. |
| Lucky 31 | 5 | 31 | 5 singles, 10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator. |
| Lucky 63 | 6 | 63 | 6 singles, 15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold accumulator. |
| Alphabet | 6 | 26 | 2 patents (selections 1,2,3 and 4,5,6), 1 yankee (selections 2,3,4,5), 1 six-fold accumulator. |
| Single Stakes About | 2 | 2 | 2 bets on 2 selections. |
| Double Stakes About | 2 | 2 | 2 bets on 2 selections. |
| Round Robin | 3 | 10 | 3 doubles, 1 treble, 3 Up-And-Down SSA Pairs. |
| Flag | 4 | 23 | 6 doubles, 4 trebles, 1 four-fold, 6 Up-And-Down SSA Pairs. |
| Super Flag | 5 | 46 | 10 doubles, 10 trebles, 5 four-fold, 1 five-fold, 10 Up-And-Down SSA Pairs. |
| Heinz Flag | 6 | 87 | 15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold 15 Up-And-Down SSA Pairs. |
| Super Heinz Flag | 7 | 162 | 21 doubles, 35 trebles, 35 four-fold, 21 five-fold, 7 six-fold, 1 seven-fold, 21 Up-And-Down SSA Pairs. |
| Goliath Flag | 8 | 303 | 28 doubles, 56 trebles, 70 four-fold, 56 five-fold, 28 six-fold, 8 seven-fold, 1 eight-fold, 28 Up-And-Down SSA Pairs. |
| Union Jack Trebles | 9 | 8 | 8 trebles. |
| Union Jack Trixie | 9 | 32 | 8 trebles, 24 doubles. |
| Union Jack Patent | 9 | 56 | 8 trebles, 24 doubles, 24 singles. |
| Union Jack Round Robin | 9 | 80 | 8 trebles, 24 doubles, 24 Up-And-Down SSA Pairs. |
How to Use the AceOdds Odds Calculator
Whether you are placing a moneyline bet on the Toronto Maple Leafs or predicting the Grey Cup point spread, our Canada odds calculator makes it easy to forecast your potential returns before you lock in your wager.
Here is how to calculate your payout for Canada's most popular sports:
- Select Your Bet Type: Choose whether you are placing a Single, Parlay, or more complex accumulator.
- Input Your Odds: Enter the odds provided by your sportsbook. You can use this tool as an NHL odds calculator for puck lines or a CFL betting calculator for high-scoring over/unders.
- Enter Your Stake: Type in the amount you plan to wager.
- Calculate: The tool will instantly display your total return and your net profit.
Pro Tip for Parlays: If you are building a Saturday night hockey accumulator, add multiple selections to see how the compounded odds affect your total payout.
See Other Calculators
Common Betting Formats in Canada: American vs Decimal
Because of Canada's unique position—bordering the United States but heavily influenced by international markets—Canadian sportsbooks utilize two primary odds formats.
- Decimal Odds: The standard format for many provincial lotteries (like Pro-Line) and international sportsbooks operating in Canada. Decimal odds represent the total return for every $1 wagered, including your original stake. For example, odds of 2.50 mean a $100 bet returns $250.
- American Odds (+/-): The preferred format for North American sports like the NFL, NHL, and NBA. A minus sign (-) indicates how much you need to bet to win $100 (e.g., -150), while a plus sign (+) shows how much you win on a $100 bet (e.g., +150).
Our tool doubles as an American to decimal converter, allowing you to seamlessly toggle between formats depending on the Ontario sports betting odds or provincial lines you are currently looking at.
Understanding Canadian Betting Taxes & Regulations
The Canadian sports betting landscape has changed drastically over the last few years, especially with the launch of regulated markets like iGaming Ontario. With these changes, many bettors ask: Do I have to pay tax on gambling winnings in Canada?
The short answer is no. For the vast majority of Canadian residents, sports betting winnings are considered a windfall and are 100% tax-free. The Canada Revenue Agency (CRA) only taxes gambling winnings if you are considered a professional sports bettor where gambling is your primary source of business income.
Disclaimer: AceOdds does not provide legal or tax advice. We always recommend checking with local provincial regulations regarding your specific tax situation.
Comparison Table: Payouts for Different Odds Types
To help you visualize how different odds formats look across Canadian sportsbooks, here is a quick reference table based on a standard $100 wager.
| American Odds | Decimal Odds | Fractional Odds | Implied Probability |
|---|---|---|---|
| -200 | 1.5 | 1/2 | 66.7% |
| -110 | 1.91 | 10/11 | 52.4% |
| +100 (Even) | 2.00 | 1/1 | 50.0% |
| +150 | 2.50 | 3/2 | 40.0% |
| +300 | 4.00 | 3/1 | 25.0% |
Odds Calculator Canada FAQs
An odds calculator is a tool to determine the potential payout from a given wager based on specified odds. They are particularly useful for novice and experienced bettors who wish to learn the potential returns and profits from a particular bet that they would like to place.
Certain betting odds calculators such as the AceOdds calculator can also calculate multiple selections and convert odds to different formats including American (moneyline), decimals and fractions as well as calculating the implied probability of your specified odds.
Canadian bettors frequently use both. Provincial sports lotteries historically display Decimal odds (where your stake is simply multiplied by the decimal to find your total return). However, major commercial sportsbooks popular in Canada often default to American odds (+ and -). Our bet calculator allows you to instantly toggle between Decimal, American, and Fractional formats to calculate your exact payouts, regardless of which sportsbook you are using.
The 'puck line' is hockey's version of a point spread, almost always set at 1.5 goals. Because covering a -1.5 puck line is difficult in a low-scoring sport, the odds attached to it often provide a higher profit than a standard moneyline favorite. To calculate your return, simply enter your wager size and the specific odds attached to the puck line (e.g., +130 or 2.30) into the calculator to instantly see your potential payout.
Yes! Following the legalization of single-game sports betting in Canada, bettors are no longer legally required to place multi-leg wagers (parlays). This calculator is perfectly optimized for single-event wagers on the NHL, CFL, NFL, or NBA. Just ensure 'Single' is selected in the bet type drop-down menu, input your stake and odds, and the tool will instantly compute your exact potential winnings.
Implied probability converts the sportsbook's odds into a simple percentage, representing their estimated chance of a specific outcome happening. Our calculator automatically generates this percentage alongside your total payout. If your personal sports knowledge gives a team a higher percentage chance of winning than the calculator's implied probability suggests, you have successfully identified a 'value bet'.
Point spreads in the Canadian Football League (CFL) typically have standard odds attached to both sides to balance the betting action, commonly around -110 (or 1.91 in Decimal format). To calculate your exact payout, enter your wager amount and those specific odds into the calculator. It will immediately show your total profit, automatically factoring in the sportsbook's built-in edge (the juice).
This is one of the most common points of confusion for new bettors. Total profit is the actual money you win from the sportsbook. Total payout (or total return) is your profit plus your original stake returned to you. For example, if you bet $100 on a +150 moneyline, your total profit is $150, but your total payout is $250. Our betting calculator clearly displays both numbers so you know exactly what to expect.
The easiest way is to use a dedicated odds calculator. If you are using decimal odds, you can manually calculate a parlay by multiplying all the decimal odds together, then multiplying that total by your stake.
About AceOdds
AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. Learn more.
