It’s FA Cup 4th Round weekend and you don’t want to miss this Coral offer. Bet £20.00 on any pre-match FA Cup game before 3:00pm today and Coral will give us a £10.00 free in play bet to use on any of today’s FA Cup games. Translated into matched betting terms, this gives us a guaranteed profit of £7.29 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.
To qualify, we must place a Win Single bet of £20.00+ at odds of 1.50 (1/2) or more on any pre-match FA Cup game before 15:00 today (Saturday 30th January 2016). Having looked at the odds available, I’ve opted to place my qualifying bet on Crystal Palace beating Stoke City.
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 £20.19…
Place £20.00 on Crystal Palace @ 2.10 = Potential profit of £22.00
Lay £20.19 on Crystal Palace @ 2.10 = Potential liability of £22.21
Let’s have a look at our potential profit/loss for the possible outcomes…
| Crystal Palace win | + £22.00 – £22.21 = £0.21 loss |
| Crystal Palace don’t win | – £20.00 + £19.79 = £0.21 loss |
So regardless of the result of match, we will lose £0.21 in qualifying for our £10.00 free in play bet.
Free Bet:
Our £10.00 free in play bet will be credited at 15:01 today and can only be used on the in play markets of any FA Cup match being played today (Saturday 30th January 2016). The free bet will expire after the conclusion of Liverpool v West Ham (17:30 kick-off).
By using straightforward matched betting, we should be able to extract 75% of our £10.00 free bet as cash, so around £7.50. If we take into account our qualifying loss of £0.21, this gives us a guaranteed profit of £7.29 on this Coral offer!
If you’re unsure how to extract 75% of our £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
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.