Another great price boost offer from Coral ahead of the Cheltenham Festival. Get odds of 4/1 on Hurricane Fly in the Champion Hurdle. The price goes live at 08:15hrs GMT on Tuesday morning and when its gone; it’s gone so get in there quick. The Traders have set aside a pile of cash for this offer but Coral have no idea how long it will last! If you were fancying a bet on Hurricane Fly anyway, then this is a great price boost, however, translated into matched betting terms, this equates to a guaranteed minimum profit of £2.35! And here’s how…
There is a maximum stake of £20.00 and any winnings will be paid out automatically at the enhanced odds of 4/1. By using matched betting we can guarantee ourselves a nice little profit regardless of the outcome of the race.
Place £20.00 on Hurricane Fly @ 5.00 = Potential profit of £80.00
Lay £23.53 on Hurricane Fly @ 4.30 = Potential liability of £77.65
Now let’s have a look at our overall profit/loss for the two outcomes…
|
Hurricane Fly wins |
+£80.00 – £77.65 = £2.35 profit |
|
Hurricane Fly doesn’t win |
-£20.00 + £22.35 (£23.53 minus 5% commission) = £2.35 profit |
So we will make a guaranteed minimum profit of £2.35, regardless of the race result!
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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.