Another great in-play offer from Coral. Place a pre-match £5.00+ Win Single bet at odds of 1/3 (1.33) or greater on any market in the Green Bay Packers @ Chicago Bears match on 29th December and get a £5.00 free in-play bet to use on the same match. Translated into matched betting terms, this gives us a potential profit of over £3.00. And here’s how…
Step 1:
The terms and conditions state that our qualifying bet must be at minimum odds of 1.33. With this is mind, I’ve decided to place my bet on Green Bay Packers to win.
Place £5.00 on Green Bay Packers @ Coral @ 1.69 = Potential profit of £3.45.
Lay £4.94 on Green Bay Packers @ Betfair @ 1.76 = Potential liability of £3.75.
Step 2:
Let’s have a look at our current potential profit/loss for the two outcomes…
| Green Bay Packers win | +£3.45 – £3.75 = -£0.30 |
| Green Bay Packers don’t win | -£5.00 + £4.69 (£4.94 minus 5% commission) = -£0.31 |
So regardless of the result, we will lose a maximum of £0.31 in order to claim our free £5.00 in-play bet.
Step 3:
Our account will be credited with the free bet at 9:26pm and expires at the end of the game. By using straightforward matched betting, we should be able to extract at least 70% of this free bet, so approximately £3.50. I like to place my in-play bets during an interval so that there is less chance of the odds fluctuating whilst I’m placing the bets. If we take into consideration our initial maximum loss of £0.31, we should make around £3.19 profit on this offer.
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.