£11.47
Potential Profit
£7.45
Actual Profit

Chelsea v Man City Offer – Coral


Posted by Matt (administrator) Matt
Start Time: 08/12/2018 17:30

It’s Chelsea v Man City in the Premier League on Saturday and Coral are getting in on the action. Simply bet £10.00+ on Chelsea or Man City to win and Coral will give us a £5.00 free bet for every goal scored in the match. Translated into matched betting terms, this gives us a potential profit of £11.47 and here’s how…

Banner showing the Chelsea v Man City offer from Coral

Key Terms:

  • Qualifying bets must be placed between 00:01 on Friday 7th December 2018 and 17:30 (kick-off) on Saturday 8th December 2018.
  • We must bet £10.00+ on Chelsea or Man City in the Match Result market.
  • £5.00 free bet for every goal scored in the match, up to a maximum total of £15.00.

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.

It’s entirely up to you which team you go for. Having looked at the odds available, we could place our qualifying bet on Man City.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.65…

Coral logo

Place £10.00 on Man City @ 1.95 = Potential profit of £9.50

Smarkets logo

Lay £9.65 on Man City @ 2.04 = Potential liability of £10.03

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

Outcome Bookie Exchange Profit/Loss
Man City win +£9.50 -£10.03 £0.53 loss
Man City don't win -£10.00 +£9.45 £0.55 loss

So, regardless of the outcome, we’ll lose a maximum of £0.55 in qualifying for our potential free bets.

Free Bets:

For every goal scored in the match, we’ll receive a £5.00 free bet within 24 hours of the final whistle, up to a maximum total of £15.00. Free bets will be valid for 7 days and free bet stakes are not included in any returns.

If three or more goals are scored in the match, we’ll receive £15.00 in free bets.

By using straightforward matched betting, we should be able to extract 80% cash from our £15.00 in free bets, so £12.00. If we take into account our minimum qualifying loss of £0.53, this gives us a potential profit of £11.47 on this Coral offer!

* Chelsea won the match 2-0, resulting in a profit of £7.45 on this Coral offer. *

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