A great introductory price boost offer from Coral ahead of the Cheltenham Festival. Sign up for an account with Coral today and get an enhanced price of 4/1 on Quevega to win the OLBG Mares’ Hurdle at the Cheltenham Festival on Tuesday 11th March. Translated into matched betting terms, this equates to a guaranteed minimum profit of £15.67! And here’s how…
There is a maximum stake of £10.00 and any winnings will be paid out automatically at the enhanced odds of 4/1. By using matched betting you can guarantee yourself a rather nice profit regardless of the outcome of the race.
Place £10.00 on Quevega @ 5.00 = Potential profit of £40.00
Lay £27.03 on Quevega @ 1.90 = Potential liability of £24.33
Now let’s have a look at your overall profit/loss for the two outcomes…
|
Quevega wins |
+£40.00 – £24.33 = £15.67 profit |
|
Quevega doesn’t win |
-£10.00 + £25.68 (£27.03 minus 5% commission) = £15.68 profit |
So you will make a guaranteed minimum profit of £15.67, 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.