Man Utd v Chelsea Offer – Coral

It’s Man Utd v Chelsea on Sunday and you don’t want to miss this Double Winnings offer from Coral. Simply place a £5.00+ win single on the 90 minute Match Betting market for Man Utd v Chelsea and if our selected 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 £35.53 and here’s how…

The Strategy:

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 on Saturday 24th February 2018 and 14:05 (kick-off) on Sunday 25th February 2018, 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 Chelsea in the 90 minute Match Betting market (£20.00 placed at 11/5).
• Chelsea 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 Chelsea.
• Our bet on Chelsea has won, returning £64.00 (£20.00 stake and £44.00 winnings).
• Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£44.00 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.

Qualifying bet:

It’s entirely up to you which team you go for. At the time of writing the lay odds are not quite tight enough, so I’ll use fictional odds for Man Utd in the following example and I’ll update the bottom of the post with some actual odds after the match.

In order to work out our back stake, we need to divide £50.00 by 1.25 (back odds minus 1.00). This gives us a back stake of £40.00, which is perfect as it’s best that we stick to round numbers when placing our qualifying bet.

I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use. Also, if we opt in, they are charging just 2% commission on Premier League Match Odds bets in February 2018.

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 £38.79…

Outcomes:

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

So, if Man Utd win both halves, we’ll make a nice profit of £35.53. Any other outcome and we’ll lose a maximum of £1.99. Risking £1.99 to make a profit of £35.53, gives us effective odds of 18.85. So, given that Man Utd are odds of just 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 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 6.00, we would divide £37.50 by 5.95, giving us an overlay stake of £6.30 and a guaranteed profit of £3.99.

* Man Utd were available at back odds of 2.25 and lay odds of 2.38. The first half was drawn 1-1 and Man Utd won the second half 1-0, resulting in a final score of 2-1 to Man Utd and a loss of £2.63 on this Coral offer. *