Coral Free Bet Offer – York Charity Sprint

With Royal Ascot just around the corner why not get off to fantastic start next week with this Coral free bet offer.  Simply place a £10.00 Win Single bet on the York Charity Sprint (3:50 Saturday) and get a free £10.00 bet on Royal Ascot 2014.  Translated into matched betting terms, this gives us a minimum guaranteed profit of £6.40 and here’s how…

Qualifying bet:

If you’re new to matched betting, check out my Qualifying Bet Strategy page for a walkthrough guide on how to place qualifying bets.  Having looked at the odds available, I’ve decided to place my qualifying bet on Gamesome to win.

coral

Place £10.00 on Gamesome @ 15.00 = Potential profit of £140.00

betfair

Lay £8.85 on Gamesome @ 17.00 = Potential liability of £141.60

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

Gamesome wins +£140.00 – £141.60 = £1.60 loss
Gamesome doesn’t win -£10.00 + £8.41 (£8.85 minus 5% commission) = £1.59 loss

So regardless of the outcome, we will lose a maximum of £1.60 in order to claim our £10.00 free bet.

Free Bet:

Our account will be credited with the free bet by Tuesday 17th June 2014 and expires on Saturday 21st June 2014.  By using straightforward matched betting, we should be able to extract at least 80% of the free bet (see my Free Bet Strategy page), so approximately £8.00.  If we take into consideration our initial maximum loss of £1.60, we should make a guaranteed minimum profit of £6.40 on this offer.

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.