Coral Offer – Champions League 2017/18 (Week 1)

Champions League football returns on Tuesday and Coral are leading the way with a fantastic risk-free offer on the five games featuring English clubs! Simply place a £10.00+ in play bet and if it loses, Coral will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of around £30.00 and here’s how…

Qualifying Bet:

If you’re unsure about how to place risk-free bets, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets of £10.00+ must be placed in play on the following matches this week…

Fixture Kick-Off Date
Man Utd v Basel 19:45 Tuesday 12th September 2017
Chelsea v Qarabag 19:45 Tuesday 12th September 2017
Feyenoord v Man City 19:45 Wednesday 13th September 2017
Liverpool v Sevilla 19:45 Wednesday 13th September 2017
Tottenham v Dortmund 19:45 Wednesday 13th September 2017

Losing stakes are refunded as an in play free bet, so this is effectively a risk-free offer. We’ll therefore need to make selections with long odds such as Correct Scores.

It’s impossible to know what odds will be available until the matches kick off, but I’ve used 2-1 Man Utd in the following example to give you an idea of how things might pan out.

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 work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our qualifying bet lose…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £8.38…

Place £10.00 on 2-1 Man Utd @ 10.00 = Potential profit of £90.00

smarkets white

Lay £8.38 on 2-1 Man Utd @ 11.00 = Potential liability of £83.80

Let’s have a look at our potential profit/loss for the possible outcomes…

2-1 Man Utd + £90.00 – £83.80 = £6.20 profit
Not 2-1 Man Utd – £10.00 + £8.21 + £8.00 (extract 80% from our £10.00 free bet) = £6.21 profit

So, provided we can find some decent odds in play, we should make a guaranteed profit of around £6.00 on each of the five matches, giving us an overall guaranteed profit of £30.00 on this Coral offer!

If any of our selections lose, our free bet will be credited within 24 hours and can be used on any in play football market. Free bets will be valid for 48 hours and free bet stakes are not included in any returns.

If you’re unsure how to extract 80% cash from a £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

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.