The Rugby Championship 2017 continues today and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on Australia or South Africa to win the match in the 80 minute match market and if any forward scores the first try, Coral will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £36.12 and here’s how…
Qualifying Bet:
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 8th September 2017 and 11:00 (kick-off) on Saturday 9th September 2017, to be eligible.
To qualify, we must place a £5.00+ Single bet on Australia or South Africa to win in the 80 minute Match Betting market. If a forward scores the first try, Coral will double our winnings in free bets, up to a maximum of £50.00. If eligible, free bets will be credited within 24 hours of our bet being settled and will be valid for 4 days. Free bet stakes are not included in any returns.
It’s entirely up to you who you place your qualifying bet on. Having looked at the odds available, I’ve opted to place my qualifying bet on Australia.
In order to work out our back stake, we need to divide £50.00 by 0.833 (back odds minus 1.00). This gives us a back stake of £60.02. It’s best that we stick to round numbers when placing our qualifying bet, so I’m going to stake £60.00 instead.
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 using my matched betting calculator…
As you can see, the calculator tells us that our lay stake should be £57.28…
Place £60.00 on Australia @ 1.833 = Potential profit of £49.98
Lay £57.28 on Australia @ 1.94 = Potential liability of £53.84
Let’s have a look at our potential profit/loss for the possible outcomes…
| Australia win and a forward doesn’t score the first try | + £49.98 – £53.84 = £3.86 loss |
| Australia win and a forward scores the first try | + £49.98 – £53.84 + £39.98 (80% extracted from £49.98 free bet) = £36.12 profit |
| Australia don’t win | – £60.00 + £56.13 = £3.87 loss |
So, if Australia win the match and a forward scores the first try, we’ll make a nice profit of £36.12. Any other outcome and we’ll lose a maximum of £3.87. Risking £3.87 to make a profit of £36.12, gives us effective odds of 10.33, which I’m sure you’ll agree makes this a profitable offer in the long run.
* The match was drawn 23-23 with South African back, Jessie Kriel, scoring the first try. This meant I made a loss of £3.87 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.