Another great in-play offer from Coral. Place a £10.00 pre-tournament outright bet on the ARNOLD PALMER INVITATIONAL and Coral will give you a FREE £10.00 bet to use in-play on the tournament. Translated into matched betting terms, this gives us a minimum guaranteed profit of £7.52. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my bet on Zach Johnson to win.
Place £10.00 on Zach Johnson @ 21.00 = Potential profit of £200.00
Lay £10.02 on Zach Johnson @ 21.00 = Potential liability of £200.40
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Zach Johnson wins | +£200.00 – £200.40 = £0.40 loss |
| Zach Johnson doesn’t win | -£10.00 + £9.52 (£10.02 minus 5% commission) = £0.48 loss |
So regardless of the outcome, we will make a maximum loss of £0.48 in qualifying for our free £10.00 in-play bet.
Step 3:
Our account will be credited with the free bet at 11:31am and expires at the end of the tournament. By using straightforward matched betting, we should be able to extract at least 80% of the free bet, so approximately £8.00. If we take into consideration our initial maximum loss of £0.48, we should make a minimum profit of £7.52 on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.