There’s plenty of football to get stuck into this week and you don’t want to miss this Coral offer! Simply place two £10.00 bets on Tuesday’s football and Coral will give us a £10.00 free bet to use on Wednesday’s matches. Translated into matched betting terms, this gives us a guaranteed profit of £7.28 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.
We must place two individual bets of £10.00+ at odds of 1.17 (1/6) or greater on any pre-match or in play 90 minute markets (W-D-W) on Tuesday’s football to be eligible. Bets must be struck between 08:00 BST and 23:59 BST on Tuesday 12th April 2016.
Having looked at the odds available, I’ve opted to place one of my qualifying bets on Real Madrid to beat Wolfsburg.
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 Real Madrid @ 1.20 = Potential profit of £2.00
Lay £10.00 on Real Madrid @ 1.22 = Potential liability of £2.20
Let’s have a look at our potential profit/loss for the possible outcomes…
| Real Madrid win | + £2.00 – £2.20 = £0.20 loss |
| Real Madrid don’t win | – £10.00 + £9.80 = £0.20 loss |
So, regardless of the result of match, we will lose £0.20.
Having looked at the other odds available, we could place our second qualifying bet on PSG to beat Man City at back odds of 2.40 and lay odds of 2.50 for a £0.52 qualifying loss. This gives us a total loss of £0.72 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited by 09:00 on Wednesday 13th April 2016 and can only be used in full on any of Wednesday’s football markets. The free bet will expire at 23:59 on Wednesday 13th 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 £0.72, this gives us a guaranteed profit of £7.28 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.