The Premier League is back and you don’t want to miss this Coral offer! Simply place a £20.00+ bet on the Premier League Outright Winner market and Coral will give us a £2.00 free bet every time our selection scores in a Premier League match in August 2016. Translated into matched betting terms, this gives us a potential profit of £12.79 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 on Tuesday 2nd August 2016 and 12:30 on Saturday 13th August 2016, to be eligible.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Manchester 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.
You can find the Premier League Winner 2016/17 market by entering ‘Premier League’ in the search box at the top of the homepage or by using the following link trail…
Smarkets > Football > Outright > Premier League Winner 2016/17
We can work out our lay stake by entering our odds into my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £18.77…
Place £20.00 on Man City @ 3.50 = Potential profit of £50.00
Lay £18.77 on Man City @ 3.75 = Potential liability of £51.61
Let’s have a look at our potential profit/loss for the two outcomes…
| Man City win | + £50.00 – £51.61 = £1.61 loss |
| Man City don’t win | – £20.00 + £18.39 (£18.77 minus 2% commission) = £1.61 loss |
So, regardless of who wins the Premier League 2016/17, we will lose £1.61 in qualifying for our potential free bets.
Free Bets:
For every goal that Manchester City score in August 2016, we will receive a £2.00 free bet within 24 hours. Free bets will be valid for 4 days and free bet stakes are not included in any returns.
Manchester City host Sunderland in their opening fixture, followed by a trip to Stoke and then a home game against West Ham, before the month is out.
If Manchester City were to score 9 goals in total across those 3 games, we would receive £18.00 in free bets, from which we would extract 80% as cash, so £14.40. If we take into account our qualifying loss of £1.61, this gives us a potential profit of £12.79 on this Coral offer!
NOTE: If you do not wish to have funds tied up in your Smarkets account for the duration of the season, you could let your back bet run as a punt. Manchester City should score some goals to cover part of your £20.00 stake and if they go on to win the league, you’ll make a nice profit of £50.00 in addition to the free bets.
* Man City did not win the Premier League 2016/17 title but scored 9 league goals in August 2016, meaning I made a profit of £12.79 on this Coral offer. *
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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.