It’s the Queen’s Championship Final 2017 today and you don’t want to miss this Coral offer. Simply place a £5.00+ win single on the Match Betting market for Marin Cilic v Feliciano Lopez and if our selection wins the match on a tie-break, Coral will double our winnings up to £50.00, in free bets! Translated into matched betting terms, this gives us a potential profit of £38.13 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.
To qualify, we must place a £5.00+ Single bet on the Match Betting (head-to-head) market. If our selection wins the match on a tie-break, 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. Free bets can be used on any sport, will be valid for 24 hours and free bet stakes are not included in any returns.
It’s entirely up to you which player you go for. Having looked at the odds available, I’ve opted to place my qualifying bet on Feliciano Lopez.
In order to work out our back stake, we need to divide £50.00 by 2.00 (back odds minus 1.00). This gives us a back stake of £25.00, which is perfect as it’s best that we stick to round numbers when placing our qualifying bet.
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 £23.58…
Place £25.00 on Feliciano Lopez @ 3.00 = Potential profit of £50.00
Lay £23.58 on Feliciano Lopez @ 3.20 = Potential liability of £51.87
Let’s have a look at our potential profit/loss for the possible outcomes…
| Lopez wins the match but not on a tie-break | + £50.00 – £51.87 = £1.87 loss |
| Lopez wins the match on a tie-break | + £50.00 – £51.87 + £40.00 (80% extracted from £50.00 free bet) = £38.13 profit |
| Lopez doesn’t win the match | – £25.00 + £23.10 = £1.90 loss |
So, if Feliciano Lopez wins the match on a tie-break, we’ll make a nice profit of £38.13. Any other outcome and we’ll lose a maximum of £1.90. Risking £1.90 to make a profit of £38.13, gives us effective odds of 21.07, which I’m sure you’ll agree makes this a profitable offer in the long run.
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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.