It’s time for another Coral free bet offer. The UK’s richest horse race, the Epsom Derby will go under starter’s orders at 4.00pm this Saturday, with heavily fancied favourite Australia looking to triumph, collecting racing’s most prestigious prize. While across the Atlantic the World looks to celebrate the launch of football’s greatest prize, 2014 World Cup Brazil. Place a £10.00 Win or £10.00 Each-way Single bet on The Epsom Derby 4.00pm Saturday and get a free £10.00 bet on any 2014 World Cup market. Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.76 and here’s how…
Qualifying Bet:
The terms and conditions state that we can place our qualifying bet on any horse. Having looked at the odds on offer, I’ve decided to go for the favourite, Australia.
Place £10.00 on Australia @ 2.50 = Potential profit of £15.00
Lay £9.23 on Australia @ 2.76 = Potential liability of £16.24
Let’s have a look at our potential profit/loss for the two outcomes…
|
Australia wins |
+£15.00 – £16.24 = £1.24 loss |
|
Australia doesn’t win |
-£10.00 + £8.76 = £1.24 loss |
|
|
So regardless of the result we will incur a small loss of £1.24 in order to claim our free £10.00 bet.
Free Bet:
Once we have received our free bet, it’s time to extract our profit. Have a look at my Free Bet Strategy page for a walkthrough guide on how to extract profit from a free bet. By using straightforward matched betting, we should be able to extract at least 80% of our £10.00 free bet, so approximately £8.00. If we take into consideration our qualifying loss of £1.24, we should make a minimum guaranteed profit of £6.76 on this 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.