After bagging 3 free bets on Tuesday with a hat-trick from trainer, Willie Mullins, Coral are at it again on Day 2! Simply place a £20.00+ Win Single on the Neptune Investment Novices’ Hurdle (13:30 Wednesday 16th March 2016) and every time Barry Geraghty rides a winner, Coral will give us a £5.00 free bet. Translated into matched betting terms, this gives us a potential profit of £18.37 and here’s how…
Qualifying Bet:
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.
All we need to do is place a £20.00+ Win Single on the opening race of Day 2, which is the Neptune Investment Novices’ Hurdle (13:30 on Wednesday 16th March 2016).
Having looked at the odds available, I’ve opted to place my qualifying bet on Yanworth.
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…
As you can see, the calculator tells us that our lay stake should be £18.75…
Place £20.00 on Yanworth @ 2.25 = Potential profit of £25.00
Lay £18.75 on Yanworth @ 2.42 = Potential liability of £26.63
Let’s have a look at our potential profit/loss for the possible outcomes…
| Yanworth wins | + £25.00 – £26.63 = £1.63 loss |
| Yanworth doesn’t win | – £20.00 + £18.37 = £1.63 loss |
So, regardless of the result of the Neptune Investment Novices’ Hurdle, we will lose £1.63 in qualifying for this offer.
Free Bets:
For every winner that Barry Geraghty rides on Day 2 of the Cheltenham Festival, we will receive a £5.00 free bet.
Barry Geraghty has the following rides on Day 2 including two big favourites…
| Horse | Time | Race | Odds |
|---|---|---|---|
| Yanworth | 13:30 | Neptune Investment Novices’ Hurdle | 5/4 |
| More of That | 14:10 | RSA Chase | 7/4 |
| Blazer | 14:50 | Coral Cup | 14/1 |
| Campeador | 16:50 | Fred Winter Juvenile Handicap Hurdle | 8/1 |
| Castello Sforza | 17:30 | Weatherbys Champion Bumper | 10/1 |
Therefore, if Barry Geraghty rides all 5 winners, we would receive £25.00 in free bets.
By using straightforward matched betting, we can extract 80% of any free bet as cash, so in this case, £20.00. If we take into account our qualifying loss of £1.63, this gives us a potential profit of £18.37!
Free bets will be credited by 12:00 on Thursday 17th March 2016 and must be used to bet on Day 3 of the Cheltenham Festival. If our free bets aren’t used, they will expire at 18:00 on Thursday 17th March 2016.
* Barry Geraghty rode no winners on Day 2 of the Cheltenham Festival, meaning I made a loss of £1.63 on this Coral 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.