Kick-off time (GMT): 30/10/2016 : 13:30
NFL returns to Wembley this afternoon and you don’t want to miss this Coral offer. Simply bet £10.00+ on Washington Redskins @ Cincinnati Bengals and win or lose, Coral will give us a £10.00 free bet to use on Minnesota Vikings @ Chicago Bears on Monday night. Translated into matched betting terms, this gives us a guaranteed profit of £5.53 and here’s how…
If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how they should be done.
Qualifying bets must be placed at odds of 1.50 (1/2) or greater on any Washington Redskins @ Cincinnati Bengals pre-match market, between 08:00 and 13:30 today (Sunday 30th October 2016), to be eligible.
Having looked at the odds available, I’ve opted to place my qualifying bet on Cincinnati Bengals to win (Money Line).
I like to place my exchange lay bets with Smarkets as they have great liquidity, the site is really easy to use and they only charge 2% commission in comparison to the 5% charged by other betting exchanges.
We can calculate our lay stakes using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £9.73…
Place £10.00 on Cincinnati Bengals @ 1.615 = Potential profit of £6.15
Lay £9.73 on Cincinnati Bengals @ 1.68 = Potential liability of £6.62
Let’s have a look at our potential profit/loss for the possible outcomes…
|Cincinnati Bengals win||+ £6.15 – £6.62 = £0.47 loss|
|Cincinnati Bengals don't win||- £10.00 + £9.53 (£9.73 minus 2% commission) = £0.47 loss|
So regardless of the outcome, we will lose £0.47 in qualifying for our £10.00 free bet.
Our £10.00 free bet will be credited upon settlement of our qualifying bet and must be used on Minnesota Vikings @ Chicago Bears (00:30 on Tuesday 1st November 2016).
By using straightforward matched betting, we should be able to extract 60% of our £10.00 free bet as cash, so around £6.00. If we take into account our qualifying loss of £0.47, this gives us a guaranteed profit of £5.53 on this Coral offer!