Republic of Ireland get their Euro 2016 campaign underway tonight and you don’t want to miss this Coral offer! Simply place a Correct Score bet of £10.00+ on Republic of Ireland v Sweden and if our bet doesn’t win, Coral will give us a £10.00 free bet! Translated into matched betting terms, this gives us a guaranteed profit of £5.22 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.
To qualify, we must place a £10.00+ Single bet at odds of 1.50 (1/2) or greater on the Correct Score market for Republic of Ireland v Sweden. Qualifying bets must be placed between 20:00 on Sunday 12th June 2016 and kick-off at 17:00 on Monday 13th June 2016. In play bets will not be eligible.
If you’ve already read my risk-free bet strategy page, you’ll know that we just need to select a Correct Score with fairly high back odds and close lay odds.
It’s entirely up to you what you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on 2-0 to Sweden.
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 by selecting the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ amount, as this is the amount we expect to extract from our £10.00 free bet if our qualifying bet loses…
As you can see, the calculator tells us that our lay stake should be £7.37…
Place £10.00 on 2-0 Sweden @ 10.00 = Potential profit of £90.00
Lay £7.37 on 2-0 Sweden @ 12.50 = Potential liability of £84.78
Let’s have a look at our potential profit/loss for the possible outcomes…
2-0 Sweden | + £90.00 – £84.78 = £5.22 profit |
Not 2-0 Sweden | – £10.00 + £7.22 + £8.00 (extract 80% from our £10.00 free bet) = £5.22 profit |
So, regardless of the result of the match, we will make a guaranteed profit of £5.22 on this Coral offer!
If our qualifying bet loses, our free bet will be credited within 24 hours of bet settlement. Free bets will be valid for 24 hours and the free bet stake will not be returned with any winnings.
If you’re unsure how to extract 80% from our £10.00 free bet, please see my free bet strategy page for a walk-through guide on how it should be done.
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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.