Coral Offer – Man Utd v Reading

Man Utd host Reading in today’s early kick-off and you don’t want to miss this Coral offer! Place a Win Single bet of £10.00+ on any pre-match market for Man Utd v Reading 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 £3.10 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 Friday 6th January 2017 and 12:30 (kick-off) on Saturday 7th January 2017, to be eligible.

Having looked at the odds available, I’ve opted to place my qualifying bet on ‘No’ in the ‘Both Teams to Score’ 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…

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 £9.54…

coral logo

Place £10.00 on ‘Both Teams to Score – No’ @ 1.727 = Potential profit of £7.27

smarkets white

Lay £9.54 on ‘Both Teams Score – No’ @ 1.83 = Potential liability of £7.92

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

Both teams score + £7.27 – £7.92 = £0.65 loss
Someone keeps a clean sheet – £10.00 + £9.35 (£9.54 minus 2% commission) = £0.65 loss

So, regardless of the result of the match, we will lose £0.65 in qualifying for our £5.00 free in play bet.

Free Bet:

Our £5.00 free bet will be credited instantly and must be used in play on Man Utd v Reading.

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 qualifying loss of £0.65, this gives us a guaranteed profit of £3.10!

Extracting profit from our free bet can be a little tricky when betting in play. My advice is to wait until half-time to place your free bet and then lay them at Smarkets. This is simply because the odds don’t fluctuate as much as when the game is live. There’s nothing worse than placing a free bet on a market and then something happens in the game that changes the odds before you have chance to get your lay bet on! I tend to look at the correct score markets first and then if I can’t find anything suitable I move onto goal scorer markets.

If you can’t wait until half-time, you might want to look at placing 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

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.