Coral Offer – Russia v Slovakia

Russia continue their Euro 2016 campaign against Slovakia this afternoon and you don’t want to miss this Coral offer! Simply place a Correct Score bet of £10.00+ on Russia v Slovakia and if our bet doesn’t win, Coral will give us a £10.00 free bet! Translated into matched betting terms, this gives us a guaranteed profit of £5.57 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.

To qualify, we must place a £10.00+ Single bet at odds of 1.50 (1/2) or greater on the Correct Score market for Russia v Slovakia. Qualifying bets must be placed between 20:00 on Tuesday 14th June 2016 and kick-off at 14:00 on Wednesday 15th June 2016. In play bets will not be eligible.

If you’ve already read my risk-free bet strategy page, you’ll know that we just need to select a Correct Score with fairly high back odds and close lay odds.

It’s entirely up to you what you place your qualifying bet on, but having looked at the odds available, I’ve opted to place my qualifying bet on 1-0 to Russia.

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 by selecting the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ amount, as this is the amount we expect to extract from our £10.00 free bet if our qualifying bet loses…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £7.72…

coral logo

Place £10.00 on 1-0 Russia @ 6.50 = Potential profit of £55.00

smarkets whiteLay £7.72 on 1-0 Russia @ 7.40 = Potential liability of £49.43

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

1-0 Russia + £55.00 – £49.43 = £5.57 profit
Not 1-0 Russia – £10.00 + £7.57 + £8.00 (extract 80% from our £10.00 free bet) = £5.57 profit

So, regardless of the result of the match, we will make a guaranteed profit of £5.57 on this Coral offer!

If our qualifying bet loses, our free bet will be credited within 24 hours of bet settlement. Free bets will be valid for 24 hours and the free bet stake will not be returned with any winnings.

If you’re unsure how to extract 80% from our £10.00 free bet, please see 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

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.