The Snooker World Championship 2017 is underway and you don’t want to miss this Coral offer! Simply place a bet on any World Championship 2017 match market each day and if our first settled bet of the day is a loser, Coral will refund our stake as a free bet, up to a maximum of £10.00. Translated into matched betting terms, this gives us an overall guaranteed profit of £80.00+ and here’s how…
Qualifying Bets:
If you’re unfamiliar with risk-free bets, please see my Risk-Free Bet Strategy page for a walk-through guide on how they should be done.
This offer is available every day of the Snooker World Championship 2017. If our first settled bet of the day is a loser, Coral will refund our stake as a free bet, up to a maximum of £10.00.
Qualifying bets must be placed between 08:00 on Saturday 15th April 2017 and Sunday 30th April 2017 on match markets at odds of 1.20 (1/5) or greater, to be eligible.
It’s entirely up to you what you place your qualifying bets on. Having looked at the odds available for Saturday’s matches, I’ve opted to place my qualifying bet on Gary Wilson.
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 stake by selecting the ‘Risk-Free Bet’ setting on my matched betting calculator. We can enter £8.00 as our ‘Cashback’ amount, as this is the amount we can expect to extract from our £10.00 free bet if our qualifying bet loses…
As you can see, the calculator tells us that our lay stake should be £7.35…
Place £10.00 on Gary Wilson @ 8.50 = Potential profit of £75.00
Lay £7.35 on Gary Wilson @ 10.50 = Potential liability of £69.82
Let’s have a look at our potential profit/loss for the possible outcomes…
| Gary Wilson wins | + £75.00 – £69.82 = £5.18 profit |
| Gary Wilson doesn’t win | – £10.00 + £7.20 + £8.00 (extract 80% from our £10.00 free bet) = £5.20 profit |
So, regardless of the result of the match, we’ll make a minimum guaranteed profit of £5.18!
Given that this offer runs for 16 days, we should make an overall guaranteed profit of £80.00+ on this Coral offer!
Free bets will be credited within 24 hours of settlement of our losing bet and will be valid for 24 hours. Free bet stakes are not included in any returns.
If you’re unsure how to extract 80% from a £10.00 free bet, please see my Free Bet Strategy page for a walk-through guide on how it should be done.
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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.