There’s a big day of racing at Ascot on Saturday and you don’t want to miss this Coral offer. Place a Win Single bet of £20.00+ on the 1.55 at Ascot and Coral will give us a £10.00 free bet to use on any horse racing market before midnight. Translated into matched betting terms, this gives us a guaranteed profit of £6.76 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 Win Single bet of £20.00+ on the 1.55 at Ascot, at odds of 2.00 (evens) or greater. Qualifying bets must be placed between 18:00 on Friday 28th October 2016 and 13:55 on Saturday 29th October 2016, to be eligible.
It’s entirely up to you which horse you place your qualifying bet on. At the time of writing, the lay odds are poor, 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 race.
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 £19.14…
Place £20.00 on Crimson Ark @ 4.00 = Potential profit of £60.00
Lay £19.14 on Crimson Ark @ 4.20 = Potential liability of £61.24
Let’s have a look at our potential profit/loss for the possible outcomes…
| Crimson Ark wins | + £60.00 – £61.24 = £1.24 loss |
| Crimson Ark doesn’t win | – £20.00 + £18.76 (£19.14 minus 2% commission) = £1.24 loss |
So, regardless of the outcome of the race, we will lose £1.24 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited upon settlement of our qualifying bet and must be used on any horse racing market before 23.59 on Saturday 29th October 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 £1.24, this gives us a guaranteed profit of £6.76 on this Coral offer!
* I actually placed my qualifying bet on San Benedeto at back odds of 7.50 and lay odds of 7.60, meaning I made a profit of £7.39 on this Coral offer. *
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
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.