The 2016 Cheltenham Festival is just around the corner and you do not want to miss this fantastic Coral offer. Place a £20.00+ Win Single at odds of 3.00 (2/1) or greater on any live Channel 4 race each Saturday in the run up to the 2016 Cheltenham Festival and Coral will give us a £20.00 free bet token to use on each day of the 2016 Cheltenham Festival. Translated into matched betting terms, this gives us a guaranteed profit of £58.00 and here’s how…
Qualifying Bets:
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.
There are 4 x £20.00 free bets up for grabs and we must place a Win Single £20.00+ bet at odds of 3.00 (2/1) or greater on any live Channel 4 race each Saturday between now and the 2016 Cheltenham Festival, which gets underway on Tuesday 15th March 2016. The four qualifying Saturdays are as follows…
| Week 1 | Saturday 20th February 2016 |
| Week 2 | Saturday 27th February 2016 |
| Week 3 | Saturday 5th March 2016 |
| Week 4 | Saturday 12th March 2016 |
Qualifying bets must be placed after 18:00 on the Friday before each Saturday to be eligible.
Week 4:
I’ll update this post each weekend with a list of the eligible races. This Saturday’s eligible races are as follows…
| Racecourse | Race Times |
|---|---|
| Sandown | 2.00 2.35 3.10 3.45 |
| Wolverhampton | 2.15 2.50 |
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 stakes using the matched betting calculator.
Aim to lose no more than £1.50 on each of our qualifying bets
We will therefore lose £6.00 in qualifying for our 4 x £20.00 free bets.
Free Bets:
Our free bets will be credited as follows…
| Day of Festival | Free Bet Credited |
|---|---|
| Day 1 – Tuesday 15th March 2016 | 18:00 on Monday 14th March 2016 |
| Day 2 – Wednesday 16th March 2016 | 18:00 on Tuesday 15th March 2016 |
| Day 3 – Thursday 17th March 2016 | 18:00 on Wednesday 16th March 2016 |
| Day 4 – Friday 18th March 2016 | 18:00 on Thursday 17th March 2016 |
Our free bets will expire at the end of each respective day’s races.
By using straightforward matched betting, we should be able to extract 80% of our 4 x £20.00 free bets as cash, so around £64.00. If we take into account our total qualifying losses of £6.00, this gives us a guaranteed profit of £58.00 on this Coral offer!
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.