There’s a big day of racing at Newbury today and you don’t want to miss this Coral offer. Place a Win Single bet of £20.00+ or £20.00 each way on the Legacy Cup Stakes (1.45 Newbury) and Coral will give us a £5.00 free bet to use on any of the remaining live More4 races. Translated into matched betting terms, this gives us a guaranteed profit of £2.76 and here’s how…
Qualifying Bet:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy for a walk-through guide on how they should be done.
We must place a Win Single bet of £20.00+ or £20.00 each way at odds of 1.50 (1/2) or greater on the Legacy Cup Stakes (1.45 Newbury).
Qualifying bets must be placed between 08:00 and 13:45 today (Saturday 17th September 2016), to be eligible.
It’s entirely up to you which horse you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Algometer.
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 £19.14…
Place £20.00 on Algometer @ 4.00 = Potential profit of £60.00
Lay £19.14 on Algometer @ 4.20 = Potential liability of £61.24
Let’s have a look at our potential profit/loss for the possible outcomes…
| Algometer wins | + £60.00 – £61.24 = £1.24 loss |
| Algometer doesn’t win | – £20.00 + £18.76 (£19.14 minus 2% commission) = £1.24 loss |
So, regardless of the outcome of the race, we will lose £1.24 in qualifying for our £5.00 free bet.
Free Bet:
Our £5.00 free bet will be credited upon settlement of our qualifying bet and must be used on any of the remaining seven live More4 races today (Saturday 17th September 2016).
By using straightforward matched betting, we should be able to extract 80% of our £5.00 free bet as cash, so around £4.00. If we take into consideration our qualifying loss of £1.24, this gives us a guaranteed profit of £2.76 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.