There’s a big day of horse racing at Lingfield and Kempton today and you don’t want to miss this Coral offer! Bet £20.00+ on either The Coral Winter Derby or The BetBright Chase and Coral will give us a £10.00 free bet to use on Sunday’s racing. Translated into matched betting terms, this gives us a guaranteed profit of £6.55 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 it should be done.
To qualify, we must place a Win Single £20.00+ bet at odds of 1.50 (1/2) or greater on either of the following races today…
| Race | Time | Racecourse |
|---|---|---|
| The Coral Winter Derby | 3.20 | Lingfield |
| The BetBright Chase | 3.35 | Kempton |
Having looked at the odds available, I’ve opted to place my qualifying bet on Ziga Boy in the 3.35 at Kempton.
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 stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.93…
Place £20.00 on Ziga Boy @ 8.50 = Potential profit of £150.00
Lay £18.93 on Ziga Boy @ 9.00 = Potential liability of £151.45
Let’s have a look at our potential profit/loss for the possible outcomes…
| Ziga Boy wins | + £150.00 – £151.45 = £1.45 loss |
| Ziga Boy doesn’t win | – £20.00 + £18.55 = £1.45 loss |
So regardless of the result of the race, we will lose £1.45 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 07:00 on Sunday 28th February 2016 and can be used on any horse racing markets that day and will expire at the end of the day’s racing.
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 account our qualifying loss of £1.45, this gives us a guaranteed profit of £6.55 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.