Coral Sign Up Offer (2024) | How to Make £15.75 Profit

Description

Key terms

The promotion is available from 18:00 on 1st January 2023 until further notice.
Promotion is not available to new customers depositing funds with Prepaid Cards, Moneybookers, Apple Pay, PayPal, Paysafe, Neteller or Skrill.
Minimum deposit of £5.
Minimum stake of £5 as your first bet.
Minimum odds of 1.50 (1/2).
1 x £20 free bet credited upon placement of your qualifying bet.
The free bet will be valid for 7 days.
The free bet stake will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms at any time, so it’s always worth double-checking.

Account setup

MBB Special: £50 Amazon GIFT CARDS

Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 1st August 2024. T&Cs apply.

Matched Betting Blog receives a small commission when you sign up to Smarkets via the link above. It helps support the site and keeps it free for everyone to learn matched betting.

Deposit £5 using a debit card.
Switch to decimal odds.

Qualifying bet

Check the back odds at Coral and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 1.50 (1/2).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £5 qualifying back bet at Coral.
Place your lay bet against the same selection at Smarkets.

Free bet

Your £20 free bet will be credited upon placement of your qualifying bet.
Check the back odds at Coral and the lay odds at Smarkets to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £20 free back bet at Coral (valid for 7 days after being credited).
Place your lay bet against the same selection at Smarkets.

As a rough guide, limit your qualifying loss to around £0.25 and aim for £16 cash (80%) from your £20 free bet. Based on those figures, you should make a £15.75 profit on this Coral offer.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

Learn matched betting the free, easy way.

The Matched Betting Academy

Logically structured to tackle strategies and offers as you’re ready for them.
Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

Get Started

Screenshot of the Matched Betting Academy

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.

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Tom
Guest user

Hello Matt. Is it a good idea, or bad idea, to lay multiple bets on the same game (win / lose / draw) so that the total liability and commission are reduced?

So say I use a free bet from site 1 on a team 1 win, free bet from site 2 on a draw, qualifying bet from site 3 for team 2 win, laying accordingly?

Cheers!

+0
Reply April 7, 2021 at 2:16 pm
1. Matt
  1495
  
  There’s nothing wrong with doing that Tom, but you should definitely avoid betting on multiple outcomes within the same market with the same bookmaker.
  
  Like you say, betting on multiple outcomes within the same market should save you some commission, but as long as that’s not at the expense of your free bet conversion. Free bets need to be placed at high odds, so you wouldn’t want to be wasting them on low odds selections.
  
  +0
  Reply April 7, 2021 at 2:32 pm
Gareth
Guest user

Hi Matt,

First thank you for this brilliant guide and the knowledge you are sharing.

I’ve recently started and done okay but I’ve made a mistake when signing up for coral and deposited with PayPal so don’t qualify for the free bets. I placed the £5 qualifier without checking so I have a 37p liability on that.

Any suggestions on how to utilise the remaining £5 to best advantage or do I sit and wait for reload offers?

+0
Reply August 21, 2021 at 6:12 am
1. Matt
  1495
  
  Hi Gareth,
  
  You’ll find a few bookmakers have payment method restrictions, so definitely bear that in mind when you do other sign up offers.
  
  You could query it with live chat and see what they say. Perhaps they’d give you the free bets if you made a further deposit via an eligible payment method. It’s probably a long shot though.
  
  Failing that I think you just let this one go, chalk it up as a lesson learnt and wait for those reload offers.
  
  I hope that helps.
  
  +1
  Reply August 21, 2021 at 7:54 am