It’s another Coral Free Bet offer! Place a £10.00 bet on The Players Championship outright before the tournaments tees off and Coral will give us a £10.00 Free Bet to use in-play. Translated into matched betting terms, this gives us a minimum guaranteed profit of £7.05. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my bet on Adam Scott to win.
Place £10.00 on Adam Scott @ 19.00 = Potential profit of £180.00.
Lay £9.52 on Adam Scott @ 20.00 = Potential liability of £180.88.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Adam Scott wins | +£180.00 – £180.88 = £0.88 loss |
| Adam Scott doesn’t win | -£10.00 + £9.05 (£9.52 minus 5% commission) = £0.95 loss |
So regardless of the outcome, we will lose a maximum of £0.95 in order to claim our free £10.00 in-play bet.
Step 3:
Our account will be credited with the free bet at 1:00pm on Thursday 8th May 2014 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 £0.95, we should make a guaranteed minimum profit of £7.05 on this 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.