It’s time for another Coral free bet offer. Place a pre-fight £10.00+ bet on Carl Froch v George Groves on Saturday 31st May on any market and if “Saint George” Groves wins the fight, Coral will give us a free £10.00 bet token to use on England v Italy on Saturday 14th June 2014. Translated into matched betting terms, this gives us a minimum guaranteed profit of £7.50 and here’s how…
We can place our qualifying bet on any market we like. Having looked at the odds on offer, I’ve decided to go for a George Groves win.
Place £10.00 on George Groves @ 2.37 = Potential profit of £13.70
Lay £10.00 on George Groves @ 2.42 = Potential liability of £14.20
Let’s have a look at our potential profit/loss for the two outcomes…
|+£13.70 – £14.20 + £8.00 (we extract 80% of our free bet) = £7.50 profit|
Groves doesn't win
|-£10.00 + £9.50 = £0.50 loss|
So if George Groves wins, we will make a guaranteed profit of £7.50 on this offer. If he doesn’t win, we will make a loss of £0.50 which I’m sure you’ll agree is a risk well worth taking.