Coral Offer – Man Utd v Chelsea

Chelsea visit Old Trafford in Sunday’s late kick-off 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 Man Utd v Chelsea and if our team wins both halves, Coral will double our winnings, up to £100.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £77.34 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 06:00 on Saturday 15th April 2017 and 16:00 (kick-off) on Sunday 16th April 2017, 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 free bets.

 

Example:

  • Bet £40.00 on Man Utd in the 90 minute Match Betting market (£40.00 placed at 6/4).
  • Man Utd 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 Man Utd.
  • Our bet on Man Utd has won, returning £100.00 (£40.00 stake and £60.00 winnings).
  • Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£60.00 in this example).

 

The maximum free bet is £100.00 per customer and this will be credited within 24 hours of our bet being settled. Free bets will be valid for 4 days.

It’s entirely up to you which team you go for. At the time of writing the lay odds are poor, so I’ll use fictional odds on Chelsea in the following example and I’ll update the bottom of the post with my actual selection after the match.

In order to work out our back stake, we need to divide £100.00 by 1.80 (back odds minus 1.00). This gives us a back stake of £55.56. It’s best that we stick to round numbers when placing our qualifying bet, so I’ll stake £55.00 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…

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 £54.23…

coral logo

Place £55.00 on Chelsea @ 2.80 = Potential profit of £99.00

smarkets whiteLay £54.23 on Chelsea @ 2.86 = Potential liability of £100.86

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

Chelsea win the match but not both halves + £99.00 – £100.86 = £1.86 loss
Chelsea win the match having won both halves + £99.00 – £100.86 + £79.20 (80% extracted from £99.00 free bet) = £77.34 profit
Chelsea don’t win the match – £55.00 + £53.14 = £1.86 loss

So, if Chelsea win both halves, we’ll make a nice profit of £77.34. Any other outcome and we’ll lose £1.86. Risking £1.86 to make a profit of £77.34, gives us effective odds of 42.58. So, given that Chelsea 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 £79.20 by 6.95, giving us an overlay stake of £11.40 and a guaranteed profit of £8.94.

* I actually placed my £55.00 qualifying bet on Man Utd at back odds of 2.75 and lay odds of 2.90. Man Utd won the match 2-0, having led 1-0 at half-time, meaning I made a profit of £73.47 on this Coral offer. *

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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.