Matched Betting Confusion...

[RhinoGirl]

Copying my post from another thread as I don’t want to hijack!

started yesterday, signed up to coral and betfair, did my qualifying bet.
Got my £20 free bet. I picked a horse race, backed my bets, worked out my lay bet on the calculator. Placed my stake, deposited the extra liability. All was well.
Checked today, won both at the bookies.
However....
The odds matcher calculator told me I would be £19.25 profit from my free bet.
Sitting in my coral account is £47.50, returns from Q bet and free bet. If i minus what i started with, i’m currently £32 in profit?
Is this right? What have I done wrong?
(Not that I should be complaining! Haha)

Did you bet on a horse? If so you would have been paid at the starting price if it was higher than the odds you placed at as coral have best odds guarantee (BOG)

Sorry just read it was a horse ☺️

I’m sorry i’m new to all this and don’t understand what you said haha
Can you dumb it down for me?

Sounds like best odds guaranteed (BOG). What this means is that certain bookies will pay out at a horse's starting price (SP) rather than the (lower) odds you placed your bet at. Which is an added bonus!

Not all bookies offer BOG and some will only do it for bets made with your own money and not free bets.

If you back a horse at coral at odds of say 4 but when the race starts the odds have changed to 5, you get the increased odds if your horse wins at the bookmakers so more profit

This explains it better than I can 😀 www.teamprofit.com/best-odds-guaranteed

Thanks! :)

Betfred have only given me a £5 free bet, when the offer was £30...