£7.50
Potential Profit
£-0.50
Actual Profit

Coral Free Bet Offer – Saint George Groves £10.00


Posted by Matt (administrator) Matt
Start Time: 31/05/2014 21:00

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…

 

stgeorge-740x200

 

Step 1:

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.

coral

 

Place £10.00 on George Groves @ 2.37 = Potential profit of £13.70

betfair

 

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…

 

Groves wins

+£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.

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