Gennady Golovkin faces Saul Alvarez on Sunday morning and you don’t want to miss this Coral offer. Simply place a £10.00+ bet on the Fight Betting market for Golovkin v Alvarez and if our fighter wins in Rounds 1-6, Coral will double our winnings as a free bet, up to £50.00! Translated into matched betting terms, this gives us a potential profit of £37.49 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 they should be done.
Qualifying bets must be placed between 00:01 on Friday 15th September 2017 and the fight getting underway, to be eligible. The fight is scheduled to get underway at around 03:00 on Sunday 17th September 2017.
To qualify, we must place a £10.00+ Single bet on the Fight Betting market. If our fighter wins in Rounds 1-6, Coral will double our winnings in free bets.
Example:
- Bet £25.00 on Alvarez in the Fight Betting market (£25.00 placed at 6/5).
- Alvarez wins the fight in Rounds 1-6.
- Our bet on Alvarez has won, returning £55.00 (£25.00 stake and £30.00 winnings).
- Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£30.00 in this example).
The maximum free bet is £50.00 per customer and this will be credited within 24 hours of our bet being settled. Free bets stakes are not included in any returns.
It’s entirely up to you which fighter you go for. Having looked at the odds available, I’ve opted to place my qualifying bet on Gennady Golovkin.
In order to work out our back stake, we need to divide £50.00 by 0.667 (back odds minus 1.00). This gives us a back stake of £75.00, which is perfect as it’s best that we stick to round numbers when placing our qualifying bet.
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 £73.96…
Place £75.00 on Golovkin @ 1.6666 = Potential profit of £50.00
Lay £73.96 on Golovkin @ 1.71 = Potential liability of £52.51
Let’s have a look at our potential profit/loss for the possible outcomes…
| Golovkin wins the fight but not in Rounds 1-6 | + £50.00 – £52.51 = £2.51 loss |
| Golovkin wins the fight in Rounds 1-6 | + £50.00 – £52.51 + £40.00 (80% extracted from £50.00 free bet) = £37.49 profit |
| Golovkin doesn’t win the fight | – £75.00 + £72.48 = £2.52 loss |
So, if Golovkin wins the fight in Rounds 1-6, we’ll make a nice profit of £37.49. Any other outcome and we’ll lose a maximum of £2.52. Risking £2.52 to make a profit of £37.49, gives us effective odds of 15.88. So, given that Golovkin is odds of 4.50 to win the fight in Rounds 1-6, this is a profitable offer in the long run.
NOTE: We can actually make this offer risk-free by placing an extra lay bet on our fighter to win in Rounds 1-6 on the Betfair Exchange. In order to work out our lay stake, we just need to divide our potential qualifying loss by 0.95 (to account for the 5% commission).
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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.