There’s a big day of racing at Doncaster and you don’t want to miss this Coral offer. Place a Win Single bet of £20.00+ on the 1.50 at Doncaster and Coral will give us a £10.00 free bet to use on any horse racing market before midnight. Translated into matched betting terms, this gives us a guaranteed profit of £5.45 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+ on the 1.50 at Doncaster. Qualifying bets must be placed between 18:00 on Friday 4th November 2016 and 13:50 on Saturday 5th November 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 Shady Mccoy.
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 £17.80…
Place £20.00 on Shady Mccoy @ 12.00 = Potential profit of £220.00
Lay £17.80 on Shady Mccoy @ 13.50 = Potential liability of £222.55
Let’s have a look at our potential profit/loss for the possible outcomes…
Shady Mccoy wins | + £220.00 – £222.55 = £2.55 loss |
Shady Mccoy doesn’t win | – £20.00 + £17.45 (£17.80 minus 2% commission) = £2.55 loss |
So, regardless of the outcome of the race, we will lose £2.55 in qualifying for our £10.00 free bet.
Free Bet:
Our £10.00 free bet will be credited upon settlement of our qualifying bet and must be used on any horse racing market before 23.59 on Saturday 5th November 2016.
By using straightforward matched betting, we should be able to extract 80% of our £10.00 free bet as cash, so around £8.00. If we take into consideration our qualifying loss of £2.55, this gives us a guaranteed profit of £5.45 on this Coral offer!
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Matt Kirman – Matched 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.