Another great in-play offer from Coral. Simply place a £10.00 pre-tournament outright bet on the US Masters at Augusta and Coral will give us 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 £7.20. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my bet on Dustin Johnson to win.
Place £10.00 on Dustin Johnson @ 29.00 = Potential profit of £280.00
Lay £9.68 on Dustin Johnson @ 30.00 = Potential liability of £280.72
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Dustin Johnson wins | +£280.00 – £280.72 = £0.72 loss |
| Dustin Johnson doesn’t win | -£10.00 + £9.20 (£9.68 minus 5% commission) = £0.80 loss |
So regardless of the outcome, we will make a maximum loss of £0.80 in qualifying for our free £10.00 in-play bet.
Step 3:
Our account will be credited with the free bet at 13:00 hours on Thursday 10th April 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 £0.80, we should make a minimum profit of £7.20 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.