The British & Irish Lions face the Hurricanes on Tuesday morning and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on the 80 minute Match Betting market for Hurricanes v British & Irish Lions 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 £37.32 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 06:00 on Monday 26th June 2017 and 08:35 (kick-off) on Tuesday 27th June 2017, to be eligible.
To qualify, we must place a £5.00+ Single bet on the 80 minute Match Betting (Win-Tie-Win) market. If a forward scores the first try, Coral will double our winnings in free bets, up to a maximum of £50.00.
Example:
- Bet £10.00 on the Lions to beat the Hurricanes in the 80 minute Match Betting market (£10.00 placed at evens).
- The Lions win the match in 80 minutes with a forward scoring the first try.
- Our bet on the Lions has won, returning £20.00 (£10.00 stake and £10.00 winnings).
- Within 24 hours of bet settlement, Coral will credit our account with a free bet, matching our winnings (£10.00 in this example).
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.
It’s entirely up to you which team you go for. Having looked at the odds available, I’ve opted to place my qualifying bet on the British & Irish Lions.
In order to work out our back stake, we need to divide £50.00 by 0.727 (back odds minus 1.00). This gives us a back stake of £68.78. It’s best that we stick to round numbers when placing our qualifying bet, so I’ll be staking £70.00 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 £68.69…
Place £70.00 on the Lions @ 1.727 = Potential profit of £50.89
Lay £68.69 on the Lions @ 1.78 = Potential liability of £53.57
Let’s have a look at our potential profit/loss for the possible outcomes…
| Lions win the match and a forward doesn’t score the first try | + £50.89 – £53.57 = £2.68 loss |
| Lions win the match and a forward scores the first try | + £50.89 – £53.57 + £40.00 (80% extracted from £50.00 free bet) = £37.32 profit |
| Lions don’t win the match | – £70.00 + £67.31 = £2.69 loss |
So, if the Lions win the match and a forward scores the first try, we’ll make a nice profit of £37.32. Any other outcome and we’ll lose a maximum of £2.69. Risking £2.69 to make a profit of £37.32, gives us effective odds of 14.87, which I’m sure you’ll agree makes this a profitable offer in the long run.
* The match was drawn 31-31 and the first try of the game was not scored by a forward, meaning I made a loss of £2.69 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.