Chelsea host Manchester United in the late kick-off on Sunday 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 Chelsea v Manchester United and if our team wins both halves, Coral will double our winnings, up to £100.00, in cash! Translated into matched betting terms, this gives us a risk-free potential profit of £99.41 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 08:00 on Saturday 22nd October 2016 and 16:00 (kick-off) on Sunday 23rd October 2016, to be eligible.
To qualify, we must place a £5.00+ Single bet at odds of 1.50 (1/2) or greater 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 cash.
Example:
- Bet £40.00 on Liverpool to beat Arsenal in the 90 minute Match Betting market (£20.00 placed at 5/4)
- Liverpool 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 Liverpool
- Our bet on Liverpool has won, returning £90.00 (£40.00 stake and £50.00 winnings)
- Within 24 hours of bet settlement, Coral will credit our account with a cash bonus, matching our winnings (£50.00 in this example)
The maximum cashback payment is £100.00 per customer and this will be credited within 24 hours of our bet being settled.
Having looked at the odds available, I’ve opted to place my qualifying bet on Manchester United.
In order to work out our back stake, we need to divide £100.00 by 2.75 (back odds minus 1.00). This gives us a back stake of £36.36. It’s best that we stick to round numbers, so I’m going to stake £40.00 instead.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £40.21…
Place £40.00 on Man Utd @ 3.75 = Potential profit of £110.00
Lay £40.21 on Man Utd @ 3.75 = Potential liability of £110.59
Let’s have a look at our potential profit/loss for the possible outcomes…
| Man Utd win the match but not both halves | + £110.00 – £110.59 = £0.59 loss |
| Man Utd win the match having won both halves | + £110.00 – £110.59 + £100.00 = £99.41 profit |
| Man Utd don’t win the match | – £40.00 + £39.41 = £0.59 loss |
So, if Manchester United win both halves, we’ll make a nice profit of £99.41. Any other outcome and we’ll lose £0.59. Risking £0.59 to make a profit of £99.41 gives us effective odds of 169.49, so given that Manchester United are odds of 15.00 to win both halves, this is a very profitable offer in the long run.
NOTE: If you are facing a bigger qualifying loss, 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, we can actually lay more and guarantee ourselves a profit on any outcome. To calculate our overlay stake, we would just need to divide the £100.00 cash bonus by the lay odds (minus 0.05 to account for the 5% commission).
More reload offers – Make £300+ per month
With detailed walkthroughs for all the best offers as they’re released, you’ll be bagging recurring profits in no time.
More reload offers
Got a question?
Leave me a comment below…
I usually respond within 24 hours.
Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.