Cheltenham 2017 is finally here and you don’t want to miss this Coral offer! Bet £25.00 on any Cheltenham race each day and Coral will give us a £10.00 free bet to use on the first race the following day. Translated into matched betting terms, this gives us a guaranteed profit of £29.80 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
To be eligible, we must either log in to our online Coral account each day and opt in to the offer on the ‘Promotions’ page, or bet with Connect in any Coral shop. We must stake a cumulative total of £25.00 at odds of 2.00 (evens) or greater on any Cheltenham race, to be eligible for a free bet on the first race the following day. Qualifying bets must be settled the same day.
Once qualified, we’ll then receive a £5.00 free online bet and also a £5.00 in-shop Connect bet. We must hold a Connect card during the promotion period in order to receive our in-shop free bet.
The in-shop free bet voucher will be triggered in shop on the placement of an additional Connect bet of any value.
It’s entirely up to you what you place your qualifying bets on. Having looked at the odds available for Tuesday’s races, I’ve opted to place my qualifying bet on Ballyandy to win the Supreme Novices’ Hurdle (13:30).
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. Remember, we pay 0% commission on the first race every day at Cheltenham!
We can calculate our lay stakes using the matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £24.46…
Place £25.00 on Ballyandy @ 4.50 = Potential profit of £87.50
Lay £24.46 on Ballyandy @ 4.60 = Potential liability of £88.05
Let’s have a look at our potential profit/loss for the possible outcomes…
| Ballyandy wins | + £87.50 – £88.05 = £0.55 loss |
| Ballyandy doesn’t win | – £25.00 + £24.46 (£24.46 minus 0% commission) = £0.54 loss |
So, regardless of the outcome, we’ll lose a maximum of £0.55 in qualifying for our 2 x £5.00 free bets.
Free Bets:
Our 2 x £5.00 free bets will be credited by 13:00 the following day and must be used on the first race (13:30) the same day.
By using straightforward matched betting, we should be able to extract at least 80% of the 2 x £5.00 free bets, so approximately £8.00. If we take into consideration our maximum qualifying loss of £0.55, we’ll make a guaranteed profit of £7.45.
With four days of racing to look forward to, this gives us an overall guaranteed profit of £29.80 on this Coral Cheltenham 2017 offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.