It’s the Super Bowl 2018 tonight and you don’t want to miss this Double Winnings offer from Coral. Simply place a £5.00+ win single on Philadelphia Eagles or New England Patriots to win the match in the Money Line market and if there are 7+ touchdowns scored in the game, Coral will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £35.81 and here’s how…
The Strategy:
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 between 00:01 on Friday 2nd February 2018 and 23:30 (kick-off) on Sunday 4th February 2018, to be eligible.
To qualify, we must place a £5.00+ Single bet on Philadelphia Eagles or New England Patriots to win the match in the Money Line market. If there are 7+ touchdowns scored in the game, Coral will double our winnings in free bets.
The maximum free bet is £50.00 per customer and this will be credited within 24 hours of our bet being settled. Free bets will be valid for 4 days and free bet stakes are not included in any returns.
Qualifying bet:
It’s entirely up to you which team you go for. Having looked at the odds available, we could place our qualifying bet on Philadelphia Eagles.
In order to work out our back stake, we need to divide £50.00 by 1.75 (back odds minus 1.00). This gives us a back stake of £28.57. It’s best that we stick to round numbers when placing our qualifying bet, so we should stake £30.00 instead.
I like to place my exchange lay bets with Betfair as they have great liquidity and the site is really easy to use.
We can calculate our lay stake using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £29.78…
Place £30.00 on Philadelphia Eagles @ 2.75 = Potential profit of £52.50
Lay £29.78 on Philadelphia Eagles @ 2.82 = Potential liability of £54.19
Outcomes:
Let’s have a look at our potential profit/loss for the possible outcomes…
| Philadelphia Eagles win but 6 or less touchdowns | + £52.50 – £54.19 = £1.69 loss |
| Philadelphia Eagles win and 7+ touchdowns | + £52.50 – £54.19 + £37.50 (75% extracted from £50.00 free bet) = £35.81 profit |
| Philadelphia Eagles don’t win | – £30.00 + £28.29 = £1.71 loss |
So, if Philadelphia Eagles win and there are 7+ touchdowns in the game, we’ll make a nice profit of £35.81. Any other outcome and we’ll lose a maximum of £1.71. Risking £1.71 to make a profit of £35.81, gives us effective odds of 21.94. So, given that the odds are around 3.25 for 7+ touchdowns to be scored, this is a profitable offer in the long run even though we need Philadelphia Eagles to win.
* Philadelphia Eagles won the game 41-33 with 9 touchdowns being scored, resulting in a profit of £35.81 on this Coral 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.