Atletico Madrid host Real Madrid on Wednesday night and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on the 90 minute Match Betting market for Atletico Madrid v Real Madrid and if our team wins both halves, Coral will double our winnings up to £100.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £77.48 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 06:00 on Tuesday 9th May 2017 and 19:45 (kick-off) on Wednesday 10th May 2017, to be eligible.
To qualify, we must place a £5.00+ Single bet at odds of 1.50 (1/2) or greater on the 90 minute win-draw-win market. If our team wins the first half and then goes on to win the second half, Coral will double our winnings in free bets.
Example:
- Bet £20.00 on Atletico Madrid in the 90 minute Match Betting market (£20.00 placed at 8/5).
- Atletico Madrid are leading 1-0 at half-time and go on to win the second half 1-0 also, giving a full-time score of 2-0 to Atletico Madrid.
- Our bet on Atletico Madrid has won, returning £52.00 (£20.00 stake and £32.00 winnings).
- Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£32.00 in this example).
The maximum free bet is £100.00 per customer and this will be credited within 24 hours of our bet being settled. Free bets will be valid for 4 days and free bet stakes are not included in any returns.
It’s entirely up to you which team you go for. At the time of writing the lay odds are poor, so I’ll use fictional odds on Real Madrid in the following example and I’ll update the bottom of the post with my actual selection after the match.
In order to work out our back stake, we need to divide £100.00 by 1.55 (back odds minus 1.00). This gives us a back stake of £64.52. It’s best that we stick to round numbers when placing our qualifying bet, so I’ll stake £65.00 instead.
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 £63.75…
Place £65.00 on Real Madrid @ 2.55 = Potential profit of £100.75
Lay £63.75 on Real Madrid @ 2.62 = Potential liability of £103.27
Let’s have a look at our potential profit/loss for the possible outcomes…
| Real Madrid win the match but not both halves | + £100.75 – £103.27 = £2.52 loss |
| Real Madrid win the match having won both halves | + £100.75 – £103.27 + £80.00 (80% extracted from £100.00 free bet) = £77.48 profit |
| Real Madrid don’t win the match | – £65.00 + £62.47 = £2.53 loss |
So, if Real Madrid win both halves, we’ll make a nice profit of £77.48. Any other outcome and we’ll lose a maximum of £2.53. Risking £2.53 to make a profit of £77.48, gives us effective odds of 31.62. So, given that Real Madrid are odds of 9.50 to win both halves, 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 selected team to ‘win both halves’ 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).
If the odds are decent pre-match or if our selection is winning at half-time, we can actually overlay to guarantee ourselves a profit on any outcome. To calculate our overlay stake, we would just need to divide the amount we can expect to extract from our free bet by the lay odds (minus 0.05 to account for the 5% commission). So, using the above figures as an example, if the lay odds were 7.00, we would divide £80.00 by 6.95, giving us an overlay stake of £11.52 and a guaranteed profit of £8.36.
* I actually placed my £60.00 qualifying bet on Atletico Madrid at back odds of 2.625 and lay odds of 2.76. Atletico Madrid won 2-1, having led 2-1 at half-time, meaning I made a loss of £3.66 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.