Coral Offer – West Ham v Southampton

West Ham face Southampton today 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 West Ham v Southampton 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 potential profit of £97.89 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 16:00 (kick-off) on Sunday 25th September 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 Liverpool 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.

At the time of writing, the lay odds could do with tightening up a bit, so I’ll use fictional odds in the following example and I’ll update the bottom of the post with my actual selection after the match.

In order to work out our back stake, we need to divide £100.00 by 1.40 (back odds minus 1.00). This gives us a back stake of £71.43. It’s best that we stick to round numbers, so I’m going to stake £75.00 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 £74.38…

coral logo

Place £75.00 on Southampton @ 2.40 = Potential profit of £105.00

smarkets whiteLay £74.38 on Southampton @ 2.44 = Potential liability of £107.11

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

Southampton win the match but not both halves + £105.00 – £107.11 = £2.11 loss
Southampton win the match having won both halves + £105.00 – £107.11 + £100.00 = £97.89 profit
Southampton don’t win the match – £75.00 + £72.89 = £2.11 loss

So, if Southampton win both halves, we will make a nice profit of £97.89. If Southampton don’t win both halves, we’ll have made a loss of £2.11. Risking £2.11 to make a profit of £97.89, gives us effective odds of 47.39, so given that Southampton are odds of 8.00 to win both halves, this is a profitable offer in the long run.

* I actually placed my qualifying bet on Southampton at back odds of 2.375 and lay odds of 2.48. Southampton won the match 3-0, having been 1-0 up at half-time, meaning I made a profit of £95.96 profit 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.