Cheltenham Festival 2019 Offer – Coral

The Cheltenham Festival 2019 gets underway on Tuesday and you don’t want to miss this Coral Double Your Winnings offer! Simply place a bet on the first race at Cheltenham each day and if our horse wins, Coral will double our winnings up to £25.00 in cash. Translated into matched betting terms, this gives us an overall guaranteed profit of £24.00 and here’s how…

Key Terms:

• Minimum stake of £1.00.
• Applies to first real money bet on each eligible race.
• Qualifying bets must be placed between 08:00 on Wednesday 27th February 2019 and 13:30 (race-off) on the day of each respective race.
• If our selection wins the race, Coral will double our winnings in cash, up to £25.00.

Qualifying Bets:

This offer is available on the first race each day as follows…

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.

We’ll need to select horses with short odds in order to maximise our profits.

There are two ways we can play this offer. Our first option is to just lay our bets normally and hope our horses win for some big profits. Our second option is to overlay our bets and lock in a guaranteed profit on each race.

The back and lay odds should tighten up on the day of each race. In the meantime though, I’ll use fictional lay odds for Al Dancer in the Supreme Novices’ Hurdle to illustrate how this offer should be done each day. I’ll update the table at the bottom of the post with some actual selections after each race.

In order to work out our back stake, we need to divide £25.00 by 2.50 (back odds minus 1.00). This gives us a back stake of £10.00, which is ideal as it’s best that we stick to round numbers when placing our qualifying bet.

At the time of writing, laying our bet at Smarkets is likely to give us the biggest guaranteed profit.

We can calculate our overlay stake by entering our effective odds into my matched betting calculator…

£10.00 @ odds of 3.50 = Returns of £35.00
£35.00 + Double winnings of £25.00 = Total returns of £60.00
£60.00 / £10.00 stake = Effective odds of 6.00

As you can see, the calculator tells us that our lay stake should be £16.30…

Outcomes:

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

So, regardless of the outcomes and with some good odds, we should make a guaranteed profit of around £6.00 each day. With four days of racing to look forward to, this gives us an overall guaranteed profit of £24.00 on this Coral offer!

If eligible, double winnings will be credited shortly after settlement of the respective race.

I’ll update the following table with some actual selections after each race…

* Defi Du Seuil won the race with a starting price (SP) of 4.00 (3/1), resulting in £2.50 extra profit courtesy of Coral’s Best Price Guaranteed promotion.