It’s Coventry v Exeter in the League Two Play-Off Final 2018 today and you don’t want to miss this Money Back Special from TLCBet. Simply place a pre-match single bet of £15.00 or more on any market for Coventry v Exeter and if the match goes into extra-time, TLCBet will give us a £10.00 bonus. Translated into matched betting terms, this gives us a potential profit of £6.31 and here’s how…
Qualifying Bet:
If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed between 10:00 on Friday 25th May 2018 and 15:00 (kick-off) on Monday 28th May 2018, to be eligible.
It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, we could place our qualifying bet on Coventry in the ‘1X2 Full Time‘ market.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
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 £14.54…
Place £15.00 on Coventry @ 2.20 = Potential profit of £18.00
Lay £14.54 on Coventry @ 2.32 = Potential liability of £19.19
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Coventry win | + £18.00 – £19.19 = £1.19 loss |
| Draw (extra-time) | – £15.00 + £13.81 + £7.50 (extract 75% from our £10.00 bonus) = £6.31 profit |
| Exeter win | – £15.00 + £13.81 = £1.19 loss |
So, we’ll make a nice profit of £6.31 if Coventry win in 90 minutes and we stand to lose £1.19 on any other outcome. Risking £1.19 to make a profit of £6.31 gives us effective odds of 6.30. So, given that the odds are 3.05 (41/20) for the match to be drawn, this is a profitable offer in the long run.
If eligible, bonuses will be credited within 48 hours of our qualifying bet being settled and will be valid for 5 days. The bonus stake is not returned with any winnings, so this is effectively the same as a standard free bet.
If you’re unsure how to extract 75% of a £10.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.
* Coventry won the match 3-1, resulting in a loss of £1.19 on this TLCBet offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.