It’s the Merseyside derby tonight and you don’t want to miss this Coral offer. Place a £20.00 single bet at odds of 1.50 (1/2) or greater on any pre-match or in play 90 minute markets (W-D-W) on tonight’s football and Coral will give us a £10.00 free bet to use on Thursday’s games. Translated into matched betting terms, this gives us a guaranteed profit of £6.95 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 can be placed pre-match or in play at minimum odds of 1.50 (1/2) or above to be eligible for the free bet. The offer applies to bets struck between 07:00 and 23:59 on Wednesday 20th April 2016. Having looked at the odds available, I’ve opted to place my qualifying bet on Liverpool beating Everton.
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 £19.34…
Place £20.00 on Liverpool @ 1.615 = Potential profit of £12.30
Lay £19.34 on Liverpool @ 1.69 = Potential liability of £13.35
Let’s have a look at our potential profit/loss for the possible outcomes…
| Liverpool win | + £12.30 – £13.35 = £1.05 loss |
| Liverpool don’t win | – £20.00 + £18.95 = £1.05 loss |
So regardless of the result of match, we will lose £1.05 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 12:00 on Thursday 21st April 2016 and will be valid until 23:59 on Thursday 21st April 2016.
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 £1.05, this gives us a guaranteed profit of £6.95 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.