£9.09
Potential Profit
£9.09
Actual Profit

Coventry v Bournemouth Offer – The Pools


Posted by Matt (administrator) Matt
Start Time: 02/10/2020 19:45

It’s Coventry v Bournemouth in the Championship on Friday night and The Pools are getting in on the action! Simply place a £10.00+ pre-match bet on Coventry v Bournemouth and if our bet loses and both teams score, The Pools will give us £10.00 cashback. Translated into matched betting terms, this gives us a potential profit of £9.09 and here’s how…

Key Terms:

  • This offer is by invitation only (advertised on the homepage and promotions page, so should apply to most).
  • Minimum stake of £10.00.
  • Applies to bets placed on Coventry v Bournemouth before 19:45 (kick-off) on Friday 2nd October 2020.
  • Minimum odds of 1.25 (1/4).
  • £10.00 cashback if our bet loses and both teams score.

Qualifying Bet:

If you’d like more information about qualifying bets and how they work, please see my Qualifying Bets Guide.

It’s entirely up to you what you place your qualifying bet on, though you’ll want to place it on something that you don’t think will win. Having looked at the odds available, we could place our qualifying bet on Coventry in the Match Result market.

At the time of writing, laying our bet at Betfair gives us the smallest qualifying loss.

Betfair are currently offering new customers 0% commission up to £500 for the first 30 days.

Banner showing the zero commission sign up offer from Betfair

Banner showing the zero commission sign up offer from Betfair

If you’re an existing Betfair customer, you can opt in to pay just 2% commission by selecting their Basic reward plan.

For more information about My Betfair Rewards and how to opt in, please see my Betfair 2% Commission page.

We can calculate our lay stakes using my matched betting calculator…

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 £9.28…

The Pools logo

Place £10.00 on Coventry @ 3.60 = Potential profit of £26.00

Betfair logo

Lay £9.28 on Coventry @ 3.90 = Potential liability of £26.91

Outcomes:

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

Outcome Bookie Exchange Cashback Profit/Loss
Coventry win +£26.00 -£26.91 £0.91 loss
Coventry don't win and both teams score -£10.00 +£9.09 +£10.00 £9.09 profit
Coventry don't win and a team fails to score -£10.00 +£9.09 £0.91 loss

So, we’ll make a nice profit of £9.09 if Coventry don’t win and both teams score and we stand to lose £0.91 on any other outcome. Risking £0.91 to make a profit of £9.09 gives us effective odds of 10.99, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, cash refunds will be credited by 12:00 on Saturday 3rd October 2020.

* Bournemouth won the match 3-1, resulting in a profit of £9.09 on this The Pools offer. *

Comments


  1. Mark

    Guest user

    Has anyone not received their cashback?

    +0
    Reply

Post a comment


Your email address will not be published. Required fields are marked *