Coral Offer – Man Utd v Leicester City

Leicester City are the visitors to Old Trafford today 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 Manchester United v Leicester City 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 potential profit of £94.45 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 and 12:30 (kick-off) on Saturday 24th September 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 Chelsea to beat Liverpool in the 90 minute Match Betting market (£20.00 placed at 5/4)
  • Chelsea 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 Chelsea
  • Our bet on Chelsea 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 0.70 (back odds minus 1.00). This gives us a back stake of £142.86. It’s best that we stick to round numbers, so I’m going to stake £150.00 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 £147.40…

coral logo

Place £150.00 on Man Utd @ 1.70 = Potential profit of £105.00

smarkets whiteLay £147.40 on Man Utd @ 1.75 = Potential liability of £110.55

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

Man Utd win the match but not both halves + £105.00 – £110.55 = £5.55 loss
Man Utd win the match having won both halves + £105.00 – £110.55 + £100.00 = £94.45 profit
Man Utd don’t win the match – £150.00 + £144.45 = £5.55 loss

So, if Manchester United win both halves, we will make a nice profit of £94.45. If Manchester United don’t win both halves, we’ll have made a loss of £5.55. Risking £5.55 to make a profit of £94.45, gives us effective odds of 18.02, so given that Man Utd are odds of 4.75 to win both halves, this is a profitable offer in the long run.

Unless the odds tighten up, you should only do this offer if you are comfortable with the potential qualifying loss. Ordinarily, I wouldn’t recommend exposing ourselves to a potential loss of £5.00+, but as you can see from the effective odds, this offer is well worth a go.

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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.