Coral Offer – Liverpool v Man Utd

Manchester United are the visitors to Anfield tonight and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on the 90 minute Match Betting market for Liverpool v Manchester United and if our team wins both halves, Coral will double our winnings, up to £100.00, in cash! Translated into matched betting terms, this gives us a risk-free potential profit of £50.91 and here’s how…

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.

Qualifying bets must be placed between 08:00 and 20:00 (kick-off) on Monday 17th October 2016, to be eligible.

To qualify, we must place a £5.00+ Single bet at odds of 1.50 (1/2) or greater on the 90 minute win-draw-win market. If our team wins the first half and then goes on to win the second half, Coral will double our winnings in cash.

 

Example:

  • Bet £40.00 on Chelsea to beat Arsenal in the 90 minute Match Betting market (£20.00 placed at 5/4)
  • Chelsea are leading 1-0 at half-time and go on to win the second half 1-0 also, giving a full-time score of 2-0 to Chelsea
  • Our bet on Chelsea has won, returning £90.00 (£40.00 stake and £50.00 winnings)
  • Within 24 hours of bet settlement, Coral will credit our account with a cash bonus, matching our winnings (£50.00 in this example)

 

The maximum cashback payment is £100.00 per customer and this will be credited within 24 hours of our bet being settled.

Having looked at the odds available, I’ve opted to place my qualifying bet on Liverpool.

In order to work out our back stake, we need to divide £100.00 by 1.10 (back odds minus 1.00). This gives us a back stake of £90.91. It’s best that we stick to round numbers, so I’m going to stake £90.00 instead.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £85.14…

coral logo

Place £90.00 on Liverpool @ 2.10 = Potential profit of £99.00

smarkets whiteLay £85.14 on Liverpool @ 2.24 = Potential liability of £105.57

Let’s have a look at our potential profit/loss for the possible outcomes…

Liverpool win the match but not both halves + £99.00 – £105.57 = £6.57 loss
Liverpool win the match having won both halves + £99.00 – £105.57 + £99.00 = £92.43 profit
Liverpool don’t win the match – £90.00 + £83.43 = £6.57 loss

So, as things stand, if Liverpool win both halves, we’ll make a nice profit of £92.43. Any other outcome and we’ll lose £6.57.

By placing an extra lay bet on Liverpool to win both halves on the Betfair Exchange, we can actually make this offer risk-free. In order to work out our lay stake, we just need to divide our potential loss of £6.57 by 0.95 (to account for the 5% commission) which gives us £6.92.

At the time of writing the lay odds are poor but hopefully we will be able to lay at odds of around 7.00…

betfair logo

Lay £6.92 on ‘Liverpool win both halves – YES’ @ 7.00 = Potential liability of £41.52

Let’s have a look at our overall profit/loss for the possible outcomes…

Liverpool win the match but not both halves – £6.57 + £6.57 = £0.00
Liverpool win the match having won both halves + £92.43 – £41.52 = £50.91 profit
Liverpool don’t win the match – £6.57 + £6.57 = £0.00

So, if Liverpool don’t win both halves, we’ll break even and there’s no harm done. If, however, Liverpool do win both halves, we’ll make a risk-free profit of £50.91 on this Coral offer!

NOTE: I’ve used the risk-free method above because we don’t know for sure what odds we will be able to get at Betfair for the extra lay bet. If the odds are decent, we can actually lay more and guarantee ourselves a profit. To calculate our lay stake, we would just need to divide the £100.00 cash bonus by the lay odds (minus 0.05 to account for the 5% commission).

* I actually placed my lay bet at odds of 9.00, reducing my potential profit to £37.07. The match was drawn 0-0, meaning I broke even on this Coral offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.