Event Start Time (GMT): 11/08/2017 : 19:45
Premier League football returns on Friday and Coral are leading the way with a fantastic risk-free offer on the five televised games this weekend! Simply place a £10.00+ in play bet and if it loses, Coral will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of around £30.00 and here’s how…
If you’re unsure about how to place risk-free bets, check out my Risk-Free Bet Strategy page for a walk-through guide on how it should be done.
Qualifying bets of £10.00+ must be placed in play on the following matches this weekend…
|Arsenal v Leicester||19:45||Friday 11th August 2017|
|Watford v Liverpool||12:30||Saturday 12th August 2017|
|Brighton v Man City||17:30||Saturday 12th August 2017|
|Newcastle v Tottenham||13:30||Sunday 13th August 2017|
|Man Utd v West Ham||16:00||Sunday 13th August 2017|
Losing stakes are refunded as an in play free bet, so this is effectively a risk-free offer. We’ll therefore need to make selections with long odds such as Correct Scores.
It’s impossible to know what odds will be available until the matches kick off, but I’ve used 2-1 Arsenal in the following example to give you an idea of how things might pan out.
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 work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ figure as this is the amount we can expect to extract (80%) from our £10.00 free bet refund, should our qualifying bet lose…
As you can see, the calculator tells us that our lay stake should be £8.20…
Place £10.00 on 2-1 Arsenal @ 8.00 = Potential profit of £70.00
Lay £8.20 on 2-1 Arsenal @ 8.80 = Potential liability of £63.96
Let’s have a look at our potential profit/loss for the possible outcomes…
|2-1 Arsenal||+ £70.00 – £63.96 = £6.04 profit|
|Not 2-1 Arsenal||- £10.00 + £8.03 + £8.00 (extract 80% from our £10.00 free bet) = £6.03 profit|
So, provided we can find some decent odds in play, we should make a guaranteed profit of around £6.00 on each of the five matches, giving us an overall guaranteed profit of £30.00 on this Coral offer!
If any of our selections lose, our free bet will be credited within 24 hours and can be used on any in play football market. Free bets will be valid for 48 hours and free bet stakes are not included in any returns.
If you’re unsure how to extract 80% cash from a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.