Coral Offer – 2016 Australian Open Finals

Serena Williams faces Angelique Kerber in the 2016 Australian Open Final tomorrow and you don’t want to miss this Coral offer! Bet £20.00 pre-match or in play on any Women’s Singles Australian Open Final market and Coral will give us a £10.00 free bet to use on the Men’s Singles Australian Open Final on Sunday! Translated into matched betting terms, this gives us a guaranteed profit of £5.24 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 it should be done.

Qualifying bets must be placed as a Win Single bet at odds of 1.50 (1/2) or above to be eligible for the free bet. With Serena Williams being such a heavy favourite to win the match, it’s difficult to find a market that gives us an acceptable qualifying loss. Having looked at the odds available, I’ve opted to place my qualifying bet on Serena Williams – 5.5 Games in the Games Handicap market.

We can calculate our lay stakes using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £18.67…

coral

Place £20.00 on S. Williams -5.5 Games @ 1.727 = Potential profit of £14.54

betfair

Lay £18.67 on S. Williams -5.5 Games @ 1.90 = Potential liability of £16.80

Let’s have a look at our potential profit/loss for the possible outcomes…

Williams wins by 6 or more games + £14.54 – £16.80 = £2.26 loss
Williams doesn’t win by 6 or more games – £20.00 + £17.74 = £2.26 loss

So regardless of the result of match, we will lose £2.26 in qualifying for our £10.00 free bet.

 

Free Bet:

Our £10.00 free bet will be credited by 12:00 on Saturday 30th January 2016 and will expire at the end of the Men’s Singles Australian Open Final which starts at 08:30 on Sunday 31st January 2016.

By using straightforward matched betting, we should be able to extract 75% of our £10.00 free bet as cash, so around £7.50. If we take into account our qualifying loss of £2.26, this gives us a guaranteed profit of £5.24 on this Coral offer!

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.