Royal Ascot 2019 Offer (Day 1) – Coral

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…

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £8.11…

Coral logo

Place £10.00 on Le Brivido @ 6.50 = Potential profit of £55.00

Smarkets logo

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 Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.