Portugal v Spain Offer – Coral

It’s Portugal v Spain in a huge World Cup 2018 opener tonight 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 Portugal v Spain 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 £36.26 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 Friday 14th June 2018 and 19:00 (kick-off) on Friday 15th June 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…

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 Spain 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 0.95 (back odds minus 1.00). This gives us a back stake of £52.63. It’s best that we stick to round numbers when placing our qualifying bet, so we should stake £50.00 instead.

At the time of writing, laying our bet at Smarkets looks to be our best option for minimising our qualifying loss.

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 £49.24…

Outcomes:

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

So, if Spain win both halves, we’ll make a nice profit of £36.26. Any other outcome and we’ll lose a maximum of £1.75. Risking £1.75 to make a profit of £36.26, gives us effective odds of 21.72. So, given that Spain are odds of just 7.00 to win both halves, this is a profitable offer in the long run.

If you’re unsure how to extract 80% cash from any free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* It was difficult to find suitable odds that made the offer profitable in the long run. It was best to leave this offer alone and await a better opportunity. *

NOTE: We can actually make this offer risk-free by placing an extra lay bet on our selected team to ‘win both halves’. In order to work out our lay stake, we just need to divide our potential qualifying loss by 0.98 (to account for the 2% 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 0.02 to account for the 2% commission). So, using the above figures as an example, if the lay odds were 6.00, we would divide £38.00 by 5.98, giving us an overlay stake of £6.35 and a guaranteed profit of £4.47.