Kick-off time (GMT): 07/02/2016 : 23:30
It’s the Super Bowl 50 tonight and you don’t want to miss this Coral offer. Place a £20.00+ bet on any pre-match market on Super Bowl 50 today and Coral will give us a £10.00 free bet to be used on any Super Bowl 50 in play market. Translated into matched betting terms, this gives us a guaranteed profit of £6.10 and here’s how…
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 bet of £20.00+ at odds of 1.50 (1/2) or greater on any pre-match market on Super Bowl 50 today (Sunday 7th February 2016). Having looked at the odds available, I’ve opted to place my qualifying bet on Denver Broncos winning (Money Line).
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 £18.98…
Place £20.00 on Denver Broncos @ 2.875 = Potential profit of £37.50
Lay £18.98 on Denver Broncos @ 3.05 = Potential liability of £38.90
Let’s have a look at our potential profit/loss for the possible outcomes…
|Denver Broncos win||+ £37.50 – £38.90 = £1.40 loss|
|Denver Broncos don't win||- £20.00 + £18.60 = £1.40 loss|
So regardless of the result of Super Bowl 50, we will lose £1.40 in qualifying for our £10.00 free bet.
Our £10.00 free bet will be credited upon qualification and can be used on any Super Bowl in play market tonight (kick-off: 23:30 on Sunday 7th February 2016). The free bet will expire at the end of the match.
By using straightforward matched betting, we should be able to extract 75% of our £10.00 free bet as cash, so around £7.50. If we take into account our qualifying loss of £1.40, this gives us a guaranteed profit of £6.10 on this Coral offer!