Another great price boost offer from Coral ahead of Day 2 of the Cheltenham Festival. Get odds of 4/1 on Sire De Grugy in the Champion Chase. The price goes live at 08:30hrs GMT on Wednesday 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 Sire De Grugy anyway, then this is a great price boost, however, translated into matched betting terms, this equates to a guaranteed minimum profit of £3.46! 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 Sire De Grugy @ 5.00 = Potential profit of £80.00
Lay £24.69 on Sire De Grugy @ 4.10 = Potential liability of £76.54
Now let’s have a look at our overall profit/loss for the two outcomes…
|
Sire De Grugy wins |
+£80.00 – £76.54 = £3.46 profit |
|
Sire De Grugy doesn’t win |
-£20.00 + £23.46 (£23.53 minus 5% commission) = £3.46 profit |
So we will make a guaranteed minimum profit of £3.46, 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.