It’s Day 1 of Royal Ascot 2019 on Tuesday and you don’t want to miss this Coral Money Back Special! Simply place a bet on the 14:30 at Royal Ascot and if it loses, Coral will refund our stake as cash, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £7.94 and here’s how…
Key Terms:
- Minimum stake of £1.00.
- Qualifying bets must be placed on the 14:30 at Ascot on Tuesday 18th June 2019.
- If our bet loses, Coral will refund our stake as cash, up to a maximum of £10.00.
Qualifying Bets:
Losing stakes are refunded as cash, so we can treat this as a risk-free bet offer.
We’ll need to select a horse with long odds in order to maximise our profit.
Having looked at the odds available, we could place our qualifying bet on Le Brivido.
At the time of writing, laying our bet with Smarkets gives us the biggest guaranteed profit.
We can work out our lay stake by using the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £10.00 as our ‘Cashback’ figure as our stake is refunded as cash, should our horse lose…
As you can see, the calculator tells us that our lay stake should be £8.11…
Place £10.00 on Le Brivido @ 6.50 = Potential profit of £55.00
Lay £8.11 on Le Brivido @ 6.80 = Potential liability of £47.03
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
Outcome | Bookie | Exchange | Refund | Profit/Loss |
---|---|---|---|---|
Le Brivido wins | +£55.00 | -£47.03 | £7.97 profit | |
Le Brivido doesn’t win | -£10.00 | +£7.94 | +£10.00 | £7.94 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £7.94 on this Coral offer!
If eligible, cash refunds will be credited by 12:00 on Wednesday 19th June 2019.
* Le Brivido failed to win the race, resulting in a profit of £7.94 on this Coral offer. *
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Matt D
7amount of money back varies per customer apparently. mines only £5, not £10
Matt
1486Thanks for posting Matt. Fingers crossed you’ll get the £10.00 version next time.
mike
Guest userNow saying promotion expired
Matt
1486I’m still seeing the offer Mike.
jason
Guest useryeah, I was shocked when I got 5 and all my mates got 10.