Coral Offer – Watford v Stoke

Watford host Stoke in Sunday’s early kick-off 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 Watford v Stoke 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 £97.06 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 18:00 on Saturday 26th November 2016 and 12:00 (kick-off) on Sunday 27th November 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 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 Stoke in the 90 minute Match Betting market (£20.00 placed at 23/10).
• Stoke 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 Stoke.
• Our bet on Stoke has won, returning £66.00 (£20.00 stake and £46.00 winnings).
• Within 24 hours of bet settlement, Coral will credit our account with a cash bonus, matching our winnings (£46.00 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 Watford in the following example with fictional odds 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 1.30 (back odds minus 1.00). This gives us a back stake of £76.92. It’s best that we stick to round numbers, so I’m going to stake £80.00 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 £78.63…

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

So, if Watford win both halves, we’ll make a nice profit of £97.06. Any other outcome and we’ll lose £2.94. Risking £2.94 to make a profit of £97.06, gives us effective odds of 34.01. Given that Watford are odds of 8.00 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, we can actually lay more and 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 12.00, we would divide £100.00 by 11.95, giving us a lay stake of £8.37 and a guaranteed profit of £4.99.

* I actually placed my qualifying bet on Stoke at back odds of 3.30 and lay odds of 3.35. Stoke won the first half (1-0), but not the second half (0-0), meaning I made a loss of £1.30 on this Coral offer. *