You have to love these in-play offers from Coral. Place a £10.00+ Win Single bet at odds of 1/2 (1.5) or greater on any market in the West Ham v WBA match on 28th December and get a £10.00 free in-play bet to use on any of the 3pm matches on Saturday 28th December. Translated into matched betting terms, this gives us a potential profit of over £6.00! And here’s how…
Step 1:
The terms and conditions state that our qualifying bet must be at minimum odds of 1.5. With this is mind, I’ve decided to place my bet on West Brom to win.
Place £10.00 on West Brom @ Coral @ 3.0 = Potential profit of £20.00.
Lay £9.84 on West Brom @ Betfair @ 3.1 = Potential liability of £20.66.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| West Brom win | +£20.00 – £20.66 = -£0.66 |
| West Brom don’t win | -£10.00 + £9.35 (£9.84 minus 5% commission) = -£0.65 |
So regardless of the result, we will lose a maximum of £0.66 in order to claim our free £10.00 in play bet.
Step 3:
Our account will be credited with the free bet at 3:01pm and expires at 5:00pm. By using straightforward matched betting, we should be able to extract at least 75% of this free bet, so approximately £7.50. I like to place my in-play bets at half-time so that there is less chance of the odds fluctuating whilst I’m placing the bets. If we take into consideration our initial maximum loss of £0.66, we should make around £6.84 profit on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.