Royal Ascot is taking over the ITV racing this week and Coral are offering money back as cash on the first race of the day if our selection loses. This guarantees us a tasty £9.05 in profit!
Terms of the offer
- Qualifying bets must be placed on the Royal Ascot 14:30 race on Tuesday 18th June 2019.
- Minimum qualifying stake £1.00.
- Refund will trigger if our horse fails to win the race.
Qualifying Bet and Strategy
We will treat this as a risk free offer. All we need to do is back and lay a qualifying bet using the Risk-Free Mode on the matched betting calculator to guarantee ourselves profit. We must put £10.00 in the Cashback part of the calculator to ensure our lay bet is calculated correctly. For this offer we have opted to place our qualifying bet on Dream Castle at odds of 34.0.
Adjust Lay
| Bookmaker | Exchange | Cashback | Total | |
|---|---|---|---|---|
| If Back Wins | ||||
| If Lay Wins |
As we can see our £10.00 back bet at odds of 34.00 and lay odds of 36.0 results in a profit of £9.05 whether our selection wins or loses the race.
What’s next?
| Outcome | Coral | Exchange | Cash Refund | Profit/Loss |
|---|---|---|---|---|
| Dream Castle wins | +£330.00 | -£320.95 | £0.00 | +£9.05 |
| Dream Castle loses | -£10.00 | +£9.17 | +£10.00 | +£9.17 |
If our horse loses our £10.00 cash refund will be credited by 12:00 on Wednesday 19th June 2019.
