Expected Profit – £16.00
Open a new account with Coral today and get £20 in free bets when you deposit and place a bet of £5 at minimum odds of 1.50 or greater. Once the you have placed tour bet Coral will credit your account with 4x £5 free bets. Free bets must be used within 7 days
Important Offer Information
- Deposit: £5
- Qualifying Bet: £5
- Stake Returned: No
- Minimum Odds: 1.5
- Free Bets: 4x £5 free bets
- Expiry: Must be used within 7 days
Before You Start:
Before you claim the offer and start making money you will need to open an exchange account if you have not done so already. To start with we recommend that you use Betfair to place your lay bets.
For more information on exchanges and matched betting strategies please check out our beginners guide
Open Your Coral Account:
To claim this offer click on the link below and follow the sign up instructions on the website. You will need to deposit a minimum of £5 in order to place your qualifying bet.
Set Odds to Decimal:
Once you have created your new account you will need to re-set the odds type to ‘Decimal Odds’. To do this we need to select ‘decimal’ from the dropdown box in the top right hand side of your login screen as shown in the image below.
Placing Your Qualifying Bet:
In order to place our qualifying £5 bet we need to find a bet with odds of at least 1.5 or more.
To limit our liability on the exchange we want to find a bet with odds as close to 1.5 minimum as possible. Football is usually best for your qualifying bets.
Example Bet: Using the matched betting calculator we can work out the profit/loss for a fictitious football match where we have placed a back bet on team A (to win) at odds of 1.57 and a lay bet (to lose) is placed on the exchange at odds of 1.59.
By entering the back stake and odds into the bet calculator we can see that our qualifying lay bet of £5 will make a small loss of -£0.10 in order to get our £20 in free bets.
*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to Coral and minimum back odds to 1.5
Placing Your Free Bet:
Once you have placed your qualifying bet, Coral will credit your account with 4x £5 free bets. Using the same strategy we should be able to convert 80% (£16.00) of the free bet amount into cash. For our free bets we want to look for bets with higher odds (preferably 8.0 or higher) in order to maximise our return.
Free Bet Example: Using the matched betting calculator we can work out the profit/loss for a fictitious football match where we have placed a back bet on team A (to win) at odds of 6.5 and a lay bet (to lose) is placed on the exchange at odds of 6.8. As we can see from the calculator below we will make a profit of £3.95 from our £5 free bets.
Using the same strategy we will then repeat the process for the remaining 3x £5 free bets.
*If you are using OddsMonkey to find your qualifying bets the you will need to set your filters to Coral and minimum back odds to 8.0
Your Free Bet Profit:
Once we have repeated step 3 in order to use up all of our free bets we should have made £15.70 (£15.80 – £0.10 loss from the qualifying bet) from our matched betting strategy.
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