Arsenal face PSG in the Champions League tonight and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on the 90 minute Match Betting market for PSG v Arsenal and if our team wins both halves, Coral will double our winnings, up to £100.00, in cash! Translated into matched betting terms, this gives us a potential profit of £98.00 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 and 19:45 (kick-off) today (Tuesday 13th September 2016), to be eligible.
To qualify, we must place a £5.00+ Single bet at odds of 1.50 (1/2) or greater on the 90 minute win-draw-win market. If our teams wins the first half and then goes on to win the second half, Coral will double our winnings in cash.
The maximum cashback payment is £100.00 per customer and this will be credited within 24 hours of our bet being settled.
Having looked at the odds available, I’ve opted to place my qualifying bet on PSG. In order to work out our back stake, we need to divide £100.00 by 1.00 (back odds minus 1.00). This gives us a back stake of £100.00.
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 stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £100.00…
Place £100.00 on PSG @ 2.00 = Potential profit of £100.00
Lay £100.00 on PSG @ 2.02 = Potential liability of £102.00
Let’s have a look at our potential profit/loss for the possible outcomes…
| PSG win the match but not both halves | + £100.00 – £102.00 = £2.00 loss |
| PSG win the match having won both halves | + £100.00 – £102.00 + £100.00 = £98.00 profit |
| PSG don’t win the match | – £100.00 + £98.00 = £2.00 loss |
So, if PSG win both halves, we will make a nice profit of £98.00. If PSG don’t win both halves, we’ll have made a loss of £2.00. Risking £2.00 to make a profit of £98.00, gives us effective odds of 50.00, so given that PSG are odds of 6.00 to win both halves, this is a profitable offer in the long run.
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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.