West Ham host Liverpool in the early kick-off today and Coral are getting in on the action. Place a £10.00 bet at odds of 1.50 (1/2) or greater on any pre-match market in West Ham v Liverpool and Coral will give us a £10.00 free bet to be used in play on any Premier League match being played today. Translated into matched betting terms, this gives us a guaranteed profit of £7.70 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 it should be done.
Qualifying bets must be placed pre-match at minimum odds of 1.50 or above to be eligible for the free bet. Having looked at the odds available, I’ve opted to place my qualifying bet on a Liverpool win.
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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.90…
Place £10.00 on Liverpool @ 2.00 = Potential profit of £10.00
Lay £9.90 on Liverpool @ 2.04 = Potential liability of £10.30
Let’s have a look at our potential profit/loss for the possible outcomes…
| Liverpool win | + £10.00 – £10.30 = £0.30 loss |
| Liverpool don’t win | – £10.00 + £9.70 = £0.30 loss |
So regardless of the result of match, we will lose £0.30 in qualifying for our £10.00 free in play bet.
Free bet
Our £10.00 free bet will be credited upon placement of our qualifying bet and can only be used on the in-play markets available for any Premier League match being played today (Saturday 2nd January 2016). The free bet will expire after the Watford v Manchester City match (17:30 kick-off).
By using straightforward matched betting, we should be able to extract 80% of our £10.00 bonus bet as cash, so around £8.00. If we take into account our qualifying loss of £0.30, this gives us a guaranteed profit of £7.70 on this Coral offer!
If you’re unsure how to extract 80% of our £10.00 free bet, check out 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.