Premier League football returns tonight and there’s another Coral offer up for grabs. Bet £20.00+ pre-match on any Premier League game tonight and Coral will give us a £10.00 free bet to be used in play on any of tonight’s Premier League matches. Translated into matched betting terms, this gives us a guaranteed profit of £7.23 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.
To qualify, we must place a Win Single bet of £20.00+ pre-match at odds of 1.50 (1/2) or more on any Premier League game tonight (Tuesday 2nd February 2016). Having looked at the odds available, I’ve opted to place my qualifying bet on Manchester City beating Sunderland.
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 £20.13…
Place £20.00 on Man City @ 1.50 = Potential profit of £10.00
Lay £20.13 on Man City @ 1.51 = Potential liability of £10.27
Let’s have a look at our potential profit/loss for the possible outcomes…
| Man City win | + £10.00 – £10.27 = £0.27 loss |
| Man City don’t win | – £20.00 + £19.73 = £0.27 loss |
So regardless of the result of match, we will lose £0.27 in qualifying for our £10.00 free in play bet.
Free Bet:
Our £10.00 free bet will be credited upon placement of our qualifying bet and can only be used on the in play markets of any Premier League match being played tonight (Tuesday 2nd February 2016). The free bet will expire after the conclusion of tonight’s matches.
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 £0.27, this gives us a guaranteed profit of £7.23 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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.