The Premier League is back and we don’t want to miss this Coral offer! Simply place a £20.00 bet on any team to win the Premier League 2015/16 and Coral will give us a £5.00 free bet every time they win a match in August 2015. Translated into matched betting terms, this gives us a potential profit of £14.98 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walkthrough guide on how to place your qualifying bets.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on favourites, Chelsea. If you don’t want to have cash tied up in your exchange account all season by laying your selection, you could just use this offer as a free punt. It’s likely that you will get a few free bets in August and if you extract 80% of each one, you should get close to your £20.00 stake back and then you can just let your £20.00 bet run.
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 the matched betting calculator.
Place £20.00 on Chelsea @ 2.75 = Potential profit of £35.00
Lay £19.37 on Chelsea @ 2.86 = Potential liability of £36.02
Let’s have a look at our potential profit/loss for the following outcomes…
| Chelsea win the league | +£35.00 – £36.02 = £1.02 loss |
| Chelsea don’t win the league | -£20.00 + £18.98 = £1.02 loss |
So regardless of who wins the league, we will lose £1.02 in qualifying for this offer.
Free Bets:
We will receive a £5.00 free bet every time Chelsea win a Premier League match in August 2015. Free bets will be credited within 24 hours of our team winning and they must be used within 7 days.
By using straightforward matched betting, we should be able to extract 80% out of any free bets we receive. Say for example, Chelsea win all four of their Premier League fixtures in August. We would receive £20.00 worth (4 x £5.00) of free bets and we would extract £16.00 as cash. If we take into account our qualifying loss of £1.02, this gives us a potential profit of £14.98!
* Chelsea won just 1 Premier League match in August 2015, meaning I made an overall profit of £2.98 on this Coral offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.