Norwich City host Liverpool in the early kick-off today and you don’t want to miss this Coral offer. Bet £20.00+ on any pre-match or in play market on Norwich City v Liverpool and Coral will give us a £10.00 free bet to be used in play on the rest of today’s Premier League matches. Translated into matched betting terms, this gives us a guaranteed profit of £6.80 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 can be placed pre-match or in play at minimum odds of 1.50 (1/2) or above to be eligible for the free bet. Having looked at the odds available, I’ve opted to place my qualifying bet on a Liverpool win.
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 £19.70…
Place £20.00 on Liverpool @ 1.95 = Potential profit of £19.00
Lay £19.70 on Liverpool @ 2.00 = Potential liability of £19.70
Let’s have a look at our potential profit/loss for the possible outcomes…
| Liverpool win | + £19.00 – £19.70 = £0.70 loss |
| Liverpool don’t win | – £20.00 + £19.30 = £0.70 loss |
So regardless of the result of match, we will lose £0.70 in qualifying for our £10.00 free in play bet.
Free Bet:
Our £10.00 free in play bet will be credited at 15:00 and can only be used on the in play markets of any Premier League match being played today (Saturday 23rd January 2016). The free bet will expire at 19:30 after the conclusion of West Ham v Man City (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 £0.70, this gives us a guaranteed profit of £6.80 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 £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.