Coral Offer – Reading v Leeds

Reading host Leeds in the Championship on Saturday 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 Reading v Leeds 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 £97.52 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 06:00 on Friday 31st Friday 2017 and 17:30 (kick-off) on Saturday 1st April 2017, 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 team wins the first half and then goes on to win the second half, Coral will double our winnings in cash.

Example:

• Bet £20.00 on Leeds in the 90 minute Match Betting market (£20.00 placed at 2/1).
• Leeds are leading 1-0 at half-time and go on to win the second half 1-0 also, giving a full-time score of 2-0 to Leeds.
• Our bet on Leeds has won, returning £60.00 (£20.00 stake and £40.00 winnings).
• Within 24 hours of bet settlement, Coral will credit our account with a cash bonus, matching our winnings (£40.00 in this example).

The maximum cashback payment is £100.00 per customer and this will be credited within 24 hours of our bet being settled.

It’s entirely up to you which team you go for. At the time of writing the lay odds are poor, so I’ll use fictional odds on Reading in the following example and I’ll update the bottom of the post with my actual selection after the match.

In order to work out our back stake, we need to divide £100.00 by 1.50 (back odds minus 1.00). This gives us a back stake of £66.67. It’s best that we stick to round numbers when placing our qualifying bet, so I’ll stake £70.00 instead.

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 £68.90…

Let’s have a look at our potential profit/loss for the possible outcomes…

So, if Reading win both halves, we’ll make a nice profit of £97.52. Any other outcome and we’ll lose £2.48. Risking £2.48 to make a profit of £97.52, gives us effective odds of 40.32. So, given that Reading are odds of 10.00 to win both halves, this is a profitable offer in the long run.

NOTE: We can actually make this offer risk-free by placing an extra lay bet on our selected team to ‘win both halves’ on the Betfair Exchange. In order to work out our lay stake, we just need to divide our potential qualifying loss by 0.95 (to account for the 5% commission).

If the odds are decent pre-match or if our selection is winning at half-time, we can actually overlay to guarantee ourselves a profit on any outcome. To calculate our overlay stake, we would just need to divide the cash bonus by the lay odds (minus 0.05 to account for the 5% commission). So, using the above figures as an example, if the lay odds were 7.00, we would divide £100.00 by 6.95, giving us an overlay stake of £14.39 and a guaranteed profit of £11.18.

* I was unable to find acceptable qualifying odds, so I decided to give this one a miss. *