Another great in-play offer from Coral. Place a £10.00 pre-tournament outright bet on the Commercial Bank Qatar Masters 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 potential profit of £6.60. And here’s how…
Step 1:
Having looked at the odds available, I’ve decided to place my bet on Thomas Bjorn to win.
Place £10.00 on Thomas Bjorn @ Coral @ 19.00 = Potential profit of £180.00.
Lay £9.07 on Thomas Bjorn @ Betfair @ 21.00 = Potential liability of £181.40.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Thomas Bjorn wins | +£180.00 – £181.40 = £1.40 loss |
| Thomas Bjorn doesn’t win | -£10.00 + £8.62 (£9.07 minus 5% commission) = £1.38 loss |
So regardless of the outcome, we will lose a maximum of £1.40 in order to claim our free £10.00 in-play bet.
Step 3:
Our account will be credited with the free bet at 2:36am 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 £1.40, we should make a minimum profit of £6.60 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.