There’s a full Premier League schedule this midweek and Coral are celebrating in style! Place a Win Single bet of £10.00 or more at odds of 1.50 (1/2) or greater on any pre-match market on tonight’s Premier League matches and Coral will give us a £10.00 free bet to be used in play on any Premier League match being played tomorrow. Translated into matched betting terms, this gives us a guaranteed profit of £7.80 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.
Qualifying bets must be placed pre-match at minimum odds of 1.50 or above to be eligible for the free bet. Having looked at the odds available, I’ve opted to place my qualifying bet on Manchester United beating Newcastle United.
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 £10.00…
Place £10.00 on Man Utd @ 1.80 = Potential profit of £8.00
Lay £10.00 on Man Utd @ 1.82 = Potential liability of £8.20
Let’s have a look at our potential profit/loss for the possible outcomes…
| Man Utd win | + £8.00 – £8.20 = £0.20 loss |
| Man Utd don’t win | – £10.00 + £9.80 = £0.20 loss |
So regardless of the result of match, we will lose £0.20 in qualifying for our £10.00 free in play bet.
Free Bet:
Our £10.00 free bet will be credited upon placement of our qualifying bet and can only be used on the in-play markets available for any Premier League match being played tomorrow (Wednesday 13th January 2016).The free bet will expire after those matches have been played.
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 £0.20, this gives us a guaranteed profit of £7.80 on this Coral offer!
If you’re unsure how to extract 80% of our £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.