£14.36
Guaranteed Profit
£14.38
Actual Profit

Coral Offer – 13:50 Cheltenham (Friday)


Posted by Matt (administrator) Matt
Start Time: 17/11/2017 13:50

The Cheltenham November Meeting 2017 gets underway today and you don’t want to miss this Coral offer! Simply place a bet on the 13:50 at Cheltenham and if our selection loses, Coral will refund our stake as a free bet, up to a maximum of £25.00. Translated into matched betting terms, this gives us a guaranteed profit of £14.36 and here’s how…

Coral Offer - 13.50 Cheltenham (Friday)Qualifying Bet:

If you’re unsure about how to place qualifying bets, check out my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

Qualifying bets must be placed between 08:00 and 13:50 on Friday 17th November 2017, to be eligible.

Losing stakes are refunded as a free bet, so this is effectively a risk-free offer. We therefore need to select a horse with long odds. Having looked at the odds available, we could place our risk-free bet on Mick Thonic.

I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.

We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £18.75 as our ‘Cashback’ figure as this is the amount we can expect to extract (75%) from our £25.00 free bet refund, should our horse lose…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £21.72…

Coral logo

Place £25.00 on Mick Thonic @ 12.00 = Potential profit of £275.00

Betfair logo

Lay £21.72 on Mick Thonic @ 13.00 = Potential liability of £260.64

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

Mick Thonic wins+ £275.00 – £260.64 = £14.36 profit
Mick Thonic doesn't win- £25.00 + £20.63 + £18.75 (extract 75% from our £25.00 free bet) = £14.38 profit

So, regardless of the result of the race, we’ll make a guaranteed minimum profit of £14.36 on this Coral offer!

If our selection loses, our free bet will be credited by 12:00 on Saturday 18th November 2017 and will be valid for 24 hours.

If you’re unsure how to extract 75% of our £25.00 free bet, check out my Free Bet Strategy page for a walk-through guide on how it should be done.

* Mick Thonic didn’t win the race, resulting in a profit of £14.38 on this Coral offer. *

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