It’s the Confederations Cup Final 2017 on Sunday and you don’t want to miss this Coral offer! Place a Win Single bet of £10.00+ on any pre-match market for Chile v Germany and Coral will give us a £5.00 free bet to be used in play on the same match. Translated into matched betting terms, this gives us a guaranteed profit of £3.31 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 must be placed between 06:00 on Saturday 1st July 2017 and 19:00 (kick-off) on Sunday 2nd July 2017, to be eligible.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on a draw in the Match Result market.
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 £9.76…
Place £10.00 on a draw @ 3.30 = Potential profit of £23.00
Lay £9.76 on a draw @ 3.40 = Potential liability of £23.42
Let’s have a look at our potential profit/loss for the possible outcomes…
| Draw | + £23.00 – £23.42 = £0.42 loss |
| Not a draw | – £10.00 + £9.56 (£9.76 minus 2% commission) = £0.44 loss |
So, regardless of the result of the match, we’ll lose a maximum of £0.44 in qualifying for our £5.00 free in play bet.
Free Bet:
Our £5.00 free bet will be credited upon kick-off (19:00 on Sunday 2nd July 2017) and will expire at the full-time whistle.
It’s impossible to know what odds will be available until the match has kicked off but by using straightforward matched betting, we should be able to extract 75% out of the £5.00 free bet as cash, so £3.75. If we take into account our maximum qualifying loss of £0.44, this gives us a minimum guaranteed profit of £3.31!
Extracting profit from our free bet can be a little tricky when betting in play. One option is to wait until half-time, as the odds don’t fluctuate as much as when the game is live. If you place your free bet and then something happens in the game that changes the lay odds, it will affect your profit one way or the other.
Another option is to place it on 1-1, 2-1 or 3-1 whilst the score is at 0-0. By selecting a scoreline where both teams score, it reduces the risk of the odds fluctuating unfavourably.
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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.