I managed to find incredibly good odds for my £10 Coral qualifying bet - 2.0 back odds on Blackburn to win, and 1.92 lay odds at Betfair! Why so incredible? Because if you ever find a market where the lay odds are less than the back odds then you are guaranteed to win - try it on the calculator, for every £10 backed at the bookies you lay £10.70 at Betfair, making 16p.
When the back odds are higher than the lay odds it’s is called an arbitrage and is something I’ll go into more detail on at a later date. They don’t come up too often, but when they do they are ideal for matched odds betting.
So, a very good start - I’ve actually made money on my qualifying bet, now I just need to wait for the bets to be settled. Remember, you would normally expect to lose a few pence on the qualifier, so this is unusual.
Bets to be settled:
Coral: Blackburn v Reading (Q) 13/05/07. Expected return: 16p
Atom
May 24th, 2007 at 9:20 am
Hi - why did you opt for the £10 Coral bet when there is a £50 free bet available - you missed out on an extra £40?