Coral welcome offer is a £20 free bet for new customers. Bet £5 to get £20 in free bets.
When registering with Coral, opt-in to receive promotions by email. So you can get lucrative Coral reload offers.
After registering, deposit £5 to get started.
On Coral homepage, select “decimal” to display the odds in decimal format. This makes it easy to compare Coral odds against betting exchange prices.
Let’s see how to complete Coral free bet welcome offer.
Place your £5 qualifying bet
It is easy to find a £5 qualifying bet at odds of 1/2 (1.5) or above at Coral.
For example, Chelsea to beat Newcastle at odds of 1/2 (1.5).
Click on Chelsea at odds of 1.5. The selection is then added to your betting slip.
In the betting slip, enter your £5 stake and click “place bet”. The £5 qualifying bet is now placed with Coral.
A £5 bet on Chelsea at 1.50 returns £7.50 (£5 stake, plus £2.50 bet winnings).
Now let’s cover your back bet with a matching lay bet.
Lay your £5 qualifying bet
Go to the Trickybet lay calculator to work out the lay stake.
Enter the following information into the lay calculator:
- Bet type: Normal Bet/Qualifier/Arb
- Bet stake: £5
- Back odds: 1.5
- Lay odds: 1.51
- Lay commission: 2%, to account for the Smarkets commission
Finally, click “Calculate/Refresh”
The calculator suggests a lay stake of £5.03 to complete the matched bet.
Go to the match odds market (‘Winner’ at Smarkets) for Chelsea vs. Newcastle at Smarkets.
Lay £5.03 on Chelsea at 1.51, which gives a liability of £2.57.
This represents a £0.07 loss on the £5 qualifying bet, but you have immediately qualified for 4 x £5 free bets with Coral.
So, after completing the £5 qualifying bet the possible outcomes are:
If Chelsea win: plus £7.50 at Coral (£5 stake + £2.50 winnings), minus £2.57 at Smarkets = £0.07 qualifying loss.
If Chelsea do not win: minus £5 at Coral, plus £4.93 at Smarkets (£5.03 winning lay, minus £0.10 commission) = £0.07 qualifying loss
Place your £5 free bets
After placing a £5 qualifying bet, you’ll receive £20 in free bets (4 x £5 free bets).
The four Coral £5 free bets are stake not returned, so use high odds to convert your free bets into cash.
It’s possible to use the 4 x £5 free bets on the same selection four times or find four different selections.
The best odds are usually on football or horse racing. This 8.45 race at Kempton is a prime example. The fourth favourite in the race Sparkalot was available at odds of 5.5.
Navigate to the 8.45 Kempton race market at Coral.
Click on Sparkalot at odds of 5.5.
The selection is added to your betting slip.
In the betting slip, select “£5 free bet” from the dropdown box (you don’t need to manually enter the £5 stake).
Finally, click “place bet” to confirm the £5 free bet placement.
The potential return in the betting slip states £27.50. However, the actual return is £22.50, as the £5 stake is not returned for Coral free bets.
Lay your £5 free bets
After placing your £5 free bet, place a lay bet at the exchange to lock-in a profit.
Go to the Trickybet lay calculator to work out the lay stake. Enter the following information in to the lay calculator:
- Bet type: Free Bet SNR (Stake Not Returned)
- Bet stake: £5
- Back odds: 5.5
- Lay odds: 5.5
- Lay commission: 2%, to account for the Smarkets commission
- Finally, click “Calculate/Refresh”
The calculator suggests a lay stake of £4.11 on Sparkalot at odds of 5.5.
Navigate to the 8.45 Kempton race at Smarkets. Lay £4.11 on Sparkalot. The liability of £18.50 is the amount you stand to lose at Smarkets if Sparkalot wins.
The possible outcomes for the free bet are:
If Sparkalot wins: plus £22.50 at Coral, minus £18.50 at Smarkets = £4.00
If Sparkalot does not win: you’ve lost nothing at Coral, as the £5 free bet wasn’t your own money. However, the lay won £4.03 (£4.11 lay stake, minus £0.08 Smarkets commission = £4.03.
Backing and laying means the overall profit is £4.00 from the £5 free bet.
Aim to convert four £5 free bets into £16 cash, minus £0.07 qualifying bet losses, equals £15.93 net profit.
This represents a 79% return from the Coral £20 free bet welcome offer.
Other Coral offers
In addition to Coral free bet sign up offer, here’s a summary of Coral reload offers.
Coral Bet and Spin. Place a qualifying bet on selected football matches for a chance to win free spins.
Coral Bet & Get Club. Bet £25 each week for 2 x £5 free bets.
Horse racing offers. Various free bet refund offers such as “faller insurance” or “refund if beaten by a head”.
