Potential
- -
 
Guaranteed
£7.24
 
My Profit
£7.24

Coral Offer – Tour Championship 2016


Posted by Matt (administrator) Sat, Sep 24, 2016 09:09am Matt
Start Time: 24/09/2016 14:15

The 3rd Round of the Tour Championship 2016 gets underway today and you don’t want to miss this Coral offer. Simply place a bet of £10.00+ on any Tour Championship market this weekend and Coral will give us a £10.00 free bet to use on any Ryder Cup 2016 market. Translated into matched betting terms, this gives us a guaranteed profit of £7.24 and here’s how…

coral-offer-golf-bet-and-get

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.

We must place a £10.00+ Single bet at odds of 1.50 (1/2) or greater on any market in this week’s Tour Championship. Qualifying bets must be placed between 08:00 on Saturday 24th September 2016 and the close of play on Sunday 25th September 2016, to be eligible.

It’s entirely up to you what you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Dustin Johnson in the Outright Winner market.

I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £9.42…

coral logo

Place £10.00 on Dustin Johnson @ 1.80 = Potential profit of £8.00

smarkets whiteLay £9.42 on Dustin Johnson @ 1.93 = Potential liability of £8.76

Let’s have a look at our potential profit/loss for the possible outcomes…

Dustin Johnson wins + £8.00 – £8.76 = £0.76 loss
Dustin Johnson doesn't win - £10.00 + £9.24 (£9.42 minus 2% commission) = £0.76 loss

So, regardless of who wins the tournament, we will lose £0.76 in qualifying for our £10.00 free bet.

Free Bet:

Our £10.00 free bet will be credited at 08:00 on Monday 26th September 2016 and must be used on any Ryder Cup 2016 market. Free bets will expire at 23:59 on Friday 30th September 2016.

By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £0.76, this gives us a guaranteed profit of £7.24 on this Coral offer!

Comments


  1. sleepless

    Seems (too) easy money. Anyway done like Matt says.
    Wait on 8am for Ryder cup free bet then

  2. GB

    Done this also QL 58p free bet in the morning….
    Wish it was this easy every time …..
    Thanks Matt…….

  3. James Henderson

    Do you think smarkets will open more markets for the Ryder Cup before it starts? Pretty short odds for outright winner, ans means we can’t take up the SkyBet offer.

    1. Matt

      Hopefully Smarkets and/or Betfair will open a ‘Top Overall Points Scorer’ market. Plenty of time yet, so we’ll just have to keep an eye on things.

  4. biscuit1966

    Free bet is in,Will wait until later in the week to see what BF/SM are offering.

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