Coral Offer – West Ham v Leicester

West Ham host Leicester in the Premier 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 West Ham v Leicester and if our team wins both halves, Coral will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £35.77 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 00:01 and 20:00 (kick-off) on Friday 24th November 2017, to be eligible.

To qualify, we must place a £5.00+ Single bet 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 free bets.

NOTE: The To Win Both Halves and Half-Time/Full-Time markets are different. A team can be leading at half-time and full-time without having won both halves, as shown in the following table…

Example:

• Bet £20.00 on Leicester in the 90 minute Match Betting market (£20.00 placed at 17/10).
• Leicester 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 Leicester.
• Our bet on Leicester has won, returning £54.00 (£20.00 stake and £34.00 winnings).
• Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£34.00 in this example).

The maximum free bet is £50.00 per customer and this will be credited within 24 hours of our bet being settled. Free bets will be valid for 4 days and free bet stakes are not included in any returns.

It’s entirely up to you which team you go for. Having looked at the odds available, we could place our qualifying bet on West Ham.

In order to work out our back stake, we need to divide £50.00 by 1.75 (back odds minus 1.00). This gives us a back stake of £28.57. It’s best that we stick to round numbers when placing our qualifying bet, so we should stake £30.00 instead.

I like to place my exchange lay bets with Betfair as they have great liquidity, the site is really easy to use and if we opted in earlier this month, they will only charge 2% commission on Premier League Match Odds bets throughout November 2017.

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 £28.85…

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

So, if West Ham win both halves, we’ll make a nice profit of £35.77. Any other outcome and we’ll lose £1.73. Risking £1.73 to make a profit of £35.77, gives us effective odds of 21.68. So, given that West Ham 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 amount we can expect to extract from our free bet 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 £37.50 by 6.95, giving us an overlay stake of £5.40 and a guaranteed profit of £3.37.

* The match was drawn 1-1, with the score having been 1-1 at half-time, resulting in a loss of £1.73 on this Coral offer. *