The US Open tees off on Thursday and so it’s time for a Coral Free Bet offer! Simply place a pre-tournament £10.00 Win Single bet on The US Open Outright market and get a free £10.00 in-play bet to use on the same tournament. Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.93 and here’s how…
Qualifying bet:
If you’re new to matched betting, check out my Qualifying Bet Strategy page for a walkthrough guide on how to play qualifying bets. Having looked at the odds available, I’ve decided to place my qualifying bet on Adam Scott to win.
Place £10.00 on Adam Scott @ 15.00 = Potential profit of £140.00
Lay £9.40 on Adam Scott @ 16.00 = Potential liability of £141.00
Let’s have a look at our current potential profit/loss for the two outcomes…
| Adam Scott wins | +£140.00 – £141.00 = £1.00 loss |
| Adam Scott doesn’t win | -£10.00 + £8.93 (£9.40 minus 5% commission) = £1.07 loss |
So regardless of the outcome, we will lose a maximum of £1.07 in order to claim our free £10.00 in-play bet.
Free Bet:
Our account will be credited with the free bet at 1:00pm on Thursday 12th June 2014 and expires at the end of the tournament. By using straightforward matched betting, we should be able to extract at least 80% of the free bet (see my Free Bet Strategy page), so approximately £8.00. If we take into consideration our initial maximum loss of £1.07, we should make a guaranteed minimum profit of £6.93 on this 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.