Kick-off time (GMT): 10/10/2016 : 10:00
The Coral English Open 2016 snooker is well underway and you don’t want to miss this Coral offer! Coral will give us our money back as a free bet up to £25.00, if our player loses in a match where the final frame features a break of 100 or greater. Translated into matched betting terms, this gives us an overall potential profit of £100.00+ and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
To qualify, we must place a £5.00+ Single bet at odds of 1.20 (1/5) or greater on any Coral English Open 2016 match taking place between Monday 10th October 2016 and Sunday 16th October 2016.
If our selection loses the match and there is a century break (100 or more points in one visit) in the final frame, Coral will refund our bet as a free bet up to a maximum of £25.00.
Having looked at the odds available for Fraser Patrick v James Wattana, I’ve opted to place my qualifying bet on Fraser Patrick.
We’ll need to place our lay bets on the Betfair Exchange.
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 £26.18…
Place £25.00 on Fraser Patrick @ 2.00 = Potential profit of £25.00
Lay £26.18 on Fraser Patrick @ 1.96 = Potential liability of £25.13
Let’s have a look at our potential profit/loss for the possible outcomes…
|Fraser Patrick wins||+ £25.00 – £25.13 = £0.13 loss|
|Fraser Patrick doesn't win and century break in final frame||- £25.00 + £24.87 + £20.00 (extract 80% from stake refund) = £19.87 profit|
|Fraser Patrick doesn't win and no century break in final frame||- £25.00 + £24.87 = £0.13 loss|
So, if Fraser Patrick doesn’t win and there’s a century break in the final frame, we will make a nice profit of £19.87. If, however, Fraser Patrick does win or there is no century break in the final frame, we’ll have made a small loss of £0.13. Risking £0.13 to make a profit of £19.87, gives us effective odds of 153.85, which I’m sure you’ll agree, makes this a profitable offer in the long run.
This offer is available on all Coral English Open 2016 matches and it’s entirely up to you which selections you go for. I’ll update the following table over the next few days with my selections…
|Match||Selection||Back Odds||Lay Odds||Profit/Loss|
|Fraser Patrick v James Wattana||Fraser Patrick||2.00||1.96||- £0.13|
|Ian Burns v Mark Williams||Ian Burns||4.00||3.95||- £0.64|
|Elliot Slessor v Jak Jones||Elliot Slessor||2.00||1.95||+ £0.00|
|Rod Lawler v Stuart Carrington||Stuart Carrington||1.667||1.67||- £0.56|
|Ben Woollaston v Zhang Anda||Ben Woollaston||1.909||1.89||- £0.36|
|Tom Ford v Joe Swail||Joe Swail||3.50||3.35||+ £0.19|
|Ali Carter v Ben Woollaston||Ben Woollaston||2.875||2.82||- £0.35|
|Liang Wenbo v Stuart Bingham||Liang Wenbo||2.50||2.46||- £0.36|
If we don’t hit any winners, we’ll make a small loss, but with £100.00+ in potential profit up for grabs, this offer is well worth a shot!
If any of our selections lose and there is a century break in the final frame, our free bets will be credited by 12:00 the following day and must be used on any snooker market. Free bets will be valid for 48 hours and stakes are not included in any returns.