The 3rd Round of the Tour Championship 2016 gets underway today and you don’t want to miss this Coral offer. Simply place a bet of £10.00+ on any Tour Championship market this weekend and Coral will give us a £10.00 free bet to use on any Ryder Cup 2016 market. Translated into matched betting terms, this gives us a guaranteed profit of £7.24 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
We must place a £10.00+ Single bet at odds of 1.50 (1/2) or greater on any market in this week’s Tour Championship. Qualifying bets must be placed between 08:00 on Saturday 24th September 2016 and the close of play on Sunday 25th September 2016, to be eligible.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Dustin Johnson in the Outright Winner market.
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…
As you can see, the calculator tells us that our lay stake should be £9.42…
Place £10.00 on Dustin Johnson @ 1.80 = Potential profit of £8.00
Lay £9.42 on Dustin Johnson @ 1.93 = Potential liability of £8.76
Let’s have a look at our potential profit/loss for the possible outcomes…
| Dustin Johnson wins | + £8.00 – £8.76 = £0.76 loss |
| Dustin Johnson doesn’t win | – £10.00 + £9.24 (£9.42 minus 2% commission) = £0.76 loss |
So, regardless of who wins the tournament, we will lose £0.76 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited at 08:00 on Monday 26th September 2016 and must be used on any Ryder Cup 2016 market. Free bets will expire at 23:59 on Friday 30th September 2016.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £0.76, this gives us a guaranteed profit of £7.24 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.