Brighton host Crystal Palace in the FA Cup 3rd Round on Monday 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 Brighton v Crystal Palace and if our selected team wins both halves, Coral will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £35.90 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 00:01 on Sunday 7th January 2018 and 19:45 (kick-off) on Monday 8th January 2018, to be eligible.
To qualify, we must place a £5.00+ Single bet 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.
NOTE: The To Win Both Halves and Half-Time/Full-Time markets are different. A team can be leading at half-time and full-time without having won both halves, as shown in the following table…
| HT/FT Scores | Win Both Halves | Half-Time/Full-Time |
|---|---|---|
| 0-0/1-0 | No | No |
| 1-0/1-0 | No | Yes |
| 1-0/2-0 | Yes | Yes |
Example:
- Bet £20.00 on Crystal Palace in the 90 minute Match Betting market (£20.00 placed at 9/5).
- Crystal Palace 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 Crystal Palace.
- Our bet on Crystal Palace has won, returning £56.00 (£20.00 stake and £36.00 winnings).
- Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£36.00 in this example).
The maximum free bet is £50.00 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. Having looked at the odds available, we could place our qualifying bet on Brighton.
In order to work out our back stake, we need to divide £50.00 by 1.70 (back odds minus 1.00). This gives us a back stake of £29.41. It’s best that we stick to round numbers when placing our qualifying bet, so we should stake £30.00 instead.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
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 £29.89…
Place £30.00 on Brighton @ 2.70 = Potential profit of £51.00
Lay £29.89 on Brighton @ 2.76 = Potential liability of £52.60
Let’s have a look at our potential profit/loss for the possible outcomes…
| Brighton win the match but not both halves | + £51.00 – £52.60 = £1.60 loss |
| Brighton win the match having won both halves | + £51.00 – £52.60 + £37.50 (75% extracted from £50.00 free bet) = £35.90 profit |
| Brighton don’t win the match | – £30.00 + £28.39 = £1.61 loss |
So, if Brighton win both halves, we’ll make a nice profit of £35.90. Any other outcome and we’ll lose a maximum of £1.61. Risking £1.61 to make a profit of £35.90, gives us effective odds of 23.30. So, given that Brighton are odds of 11.00 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 £37.50 by 6.95, giving us an overlay stake of £5.40 and a guaranteed profit of £3.50.
* Brighton won the match 2-1 having been leading 1-0 at half-time, resulting in a loss of £1.60 on this Coral offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.