It’s Arsenal v Newcastle in the Premier League on Saturday, and you don’t want to miss this Coral free bet offer! Place a £5.00+ pre-match bet on Arsenal v Newcastle and Coral will give us a £5.00 free bet to use in play. Translated into matched betting terms, this provides us with a profit of £3.67, and here’s how…
- Applies to bets placed between 08:00 on Wednesday 24th November 2021 and kick-off (12:30) on Saturday 27th November 2021.
- Applies to single or Build Your Bet bets placed on Arsenal v Newcastle.
- Minimum stake of £5.00.
- Minimum odds of 1.50 (1/2).
Please see my qualifying bets guide if you’d like more information about them and how they work.
It’s entirely up to you what you place your qualifying bet on.
At the time of writing, Arsenal are available in the Match Result market at back odds of 1.50 (1/2). The lay odds are currently 1.51.
We can calculate our lay stakes using my Matched Betting Calculator…
As you can see, the calculator tells us that our lay stake should be £5.03…
Place £5.00 on Arsenal @ 1.50 = Potential profit of £2.50
Lay £5.03 on Arsenal @ 1.51 = Potential liability of £2.56
Let’s have a look at our potential profit/loss for the possible outcomes…
So, no matter the outcome, we’ll lose a maximum of £0.08 in qualifying for our £5.00 free bet.
Our £5.00 free bet will be credited immediately upon placement of our qualifying bet and valid on any in-play football market for 7 days. Free bet stakes will not be included with any winnings.
Using straightforward matched betting, we should convert our free bet into 75% cash, so £3.75. Considering our maximum qualifying loss of £0.08 gives us a profit of £3.67 on this Coral offer!