Summary
*** If you just don't have the time, our expert team can do it all for you with our Free VIP service. Click Here to Learn More.
For this offer you'll be opening an account with Coral.
Coral is offering £20 in free bets for new online customers.
To qualify for this free bet you need to deposit £5 and bet this on any sports market.
If you still haven't created your Betfair account, do this now: Open your Betfair Account
Let's Get Started
STEP 1: Click here to open an account with Coral
STEP 2: Deposit £5 into Coral
*** Your qualifying bet needs to be placed within 14 days from opening your Coral account ***
I.e. you have 14 days from opening this account to place your qualifying bet, otherwise this offer will expire.
We’d recommend moving straight onto the qualifying bet as soon as your account has been opened.
Qualifying Bet
We need to place a £5 bet with Coral in order to qualify for our free bet.
Use the oddsmatching software to find a close match between the Coral back odds and the exchange lay odds.
*** The Coral back odds need to be ≥ 1.5 ***
STEP 3: Open up the oddsmatching software
STEP 4: Select Coral from the bookmaker drop down menu
STEP 5: Click “Search”
STEP 6: Open the “Filter” box
STEP 7: Enter minimum odds of 1.5
STEP 8: Click “Apply”
The “Rating” column indicates which match is the closest, and therefore the most profitable.
The higher the rating, the closer and thus the better the match.
We want to always try and do matches with ratings ideally ≥ 90.
STEP 9: Choose an event you want to match
STEP 10: Double check the odds are the same on the bookmaker & exchange websites
Use the simple calculator to work out your bets.
STEP 11: Open up the calculator
STEP 12: Select "Normal" at the top
STEP 13: The bookmaker stake is £5
STEP 14: Enter the Coral back odds
STEP 15: Enter the exchange lay odds
STEP 16: Enter the lay commission
The calculator will show you your lay stake and your liability.
The "liability" is the amount you need to deposit into the exchange.
The lay amount is what you'll type into the stake box in the exchange.
STEP 17: Deposit the required liability amount.
STEP 18: Place your £5 Coral bet
STEP 19: Place your exchange lay bet
Don't worry about liability for now, it's all covered by your back bet.
Free Bet
Coral will credit your £20 free bet immediately after placing your qualifiying bet.
Your £20 free bet will be credited to you as 4x £5 free bets (4 x £5 = £20).
If they don't, load up live chat and ask for it.
*** Your free bets are valid for 4 days ***
We now repeat the same process again.
Use the oddsmatching tool to find a good match (ranking ≥ 90) for your free bet.
STEP 20: Open up the oddsmatching software
STEP 21: Select Coral from the bookmaker drop down menu
STEP 22: Click “Search”
STEP 23: Open the “Filter” box
STEP 24: Enter minimum back odds of 4
For free bets it's a good idea to use higher odds in order to maximise profit.
We would advise you to look for something with odds ≥ 4.
However, remember that the higher odds you use, the more liability you will need in the exchange, but the more money you will make also.
STEP 25: Click “Apply”
STEP 26: Choose an event you want to match
STEP 27: Double check the odds are the same on the bookmaker & exchange websites
Use the simple calculator to work out your bets.
STEP 28: Open up the calculator
STEP 29: Select "Free Bet (SNR)" at the top
STEP 30: The bookmaker stake is £5
STEP 31: Enter the Coral back odds
STEP 32: Enter the exchange lay odds
STEP 33: Enter the lay commission
Make sure you have enough money in the exchange to cover the liability of this bet.
If you don't, either deposit more or look for something at lower odds.
STEP 34: Place your £5 Coral free bet
STEP 35: Place your exchange lay bet
Repeat the exact same process with your remaining 3x £5 free bets.
Once these bets have settled, you should have made around £15 profit.
You can immediately withdraw your money from Coral once the bets have settled.
There you have it, risk-free profits and no slice for mr taxman!
Profits: £15
Let's Make Money!
Note: Coral require us to add the below for their own compliance reasons.
(Minimum Deposit and Stake £5. Free Bets Credited as 4x£5. Free Bet Stake Not Returned. Free Bet Valid For 4 Days. 18+. Terms and Conditions Apply.)
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