Coral Free Bet Offer – Newmarket Bahrain Trophy

It’s the World Cup Final on Sunday and there’s some fantastic live racing from Newmarket before, so why not take advantage of this fantastic Coral free bet offer.  Place a £10.00 Win or £10.00 Each-way Single bet on the Newmarket Bahrain Trophy at 1.40 on Thursday and get a free £10.00 IN-PLAY bet to use on any World Cup Final market on Sunday.  Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.50 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 place qualifying bets.  Having looked at the odds available, I’ve decided to place my qualifying bet on Odeon to win.

coral

Place £10.00 on Odeon @ 13.00 = Potential profit of £120.00

betfair

Lay £9.00 on Odeon @ 14.50 = Potential liability of £121.50

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

Odeon wins +£120.00 – £121.50 = £1.50 loss
Odeon doesn’t win -£10.00 + £8.55 (£9.00 minus 5% commission) = £1.45 loss

So regardless of the outcome, we will lose a maximum of £1.50 in order to claim our £10.00 in-play free bet.

Free Bet:

Our account will be credited with the free bet instantly and expires at the end of the World Cup 2014 Final.  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 £1.50, we should make a guaranteed minimum profit of £6.50 on this 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.