Coral

£18+ expected profit in just 5 easy steps.

  1. Open betting exchange account (if not completed yet)
  2. Open bookmaker account
  3. Place qualifying bet with bookmaker
  4. Place lay bet with betting exchange
  5. Convert free bet to profit

Step 1 – Sign up to Betfair (betting exchange)

The first thing you need is a betting exchange account so you can place ‘Lay’ bets to cover your ‘Back’ bets.  The biggest betting exchange out there is Betfair (owned by the bookmaker PaddyPower), click here to open an account with Betfair.  (opens in a new browser tab)

Open Account with Betfair  (opens in a new browser tab)

betfair-exchange

Step 2 – Sign up to Coral (bookmaker)

Open account with Coral   (opens in a new browser tab)

coral bet £5 get £20 free bets

Once your Coral account is open deposit £5.

Check the T&C’s to make sure no mistakes are made.  For the Coral welcome offer our £5 qualifying bet must be placed at odds of 1.50 (1/2) or above.

coral decimalDecimal Odds – Once you are logged into Coral.co.uk, change your odds display from fractional to decimal for easy comparison with Betfair. You can do this from the link in the top menu across the site above your cash balance.

Step 3 – Place qualifying ‘Back’ bet with Coral

Open both Betfair and Coral websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, remember the back odds need to be equal to or above 1.5.

Step 4 – Place ‘Lay’ bet with Betfair

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • Select “Normal” at the top as it is your qualifying bet
  • The bookmaker stake is £5
  • Enter the Coral back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

The lay stake and the liability will be shown, remember the “liability” is the amount you need to deposit into the exchange to cover your bet.

Step 5 – Convert free bet to profit

After placing your bet with Coral they will credit £20 in free bets, 4 x £5 free bets.

You can either then extract your profit one of two ways, the easy way or the hard way.

Easy way – find another match as we did above with Coral and Betfair and place 4 x £5 ‘Back’ bets with Coral and 1 x ‘Lay’ bet with Betfair (total of 4 x ‘Lay’ bets to cover your £20 Coral ‘Back’ bets)

or

Hard way – find 4 x matches as we did above with Coral and Betfair and place 4 x £5 ‘Back’ bets with William Hill and 4 x ‘Lay’ bets with Betfair.

Personally, I like the easy life, especially as I could use the extra time to do the next offer or two and get some extra cash!

Open both Betfair and Coral websites in your web browser so you can quickly find a good match or use a free tool like Odds Search (free signup) to find a match, this time the higher the odds match the more profit you make but the more cash you need in Betfair to cover the bet (you get this back either way), go for above 4.0 if possible.

Use the Odds Search Calculator or Tricky Bets Calculator to work out your bets.

  • Select FREE BET SNR (SNR = stake not returned) at the top as it is your free bet
  • The bookmaker stake is £5
  • Enter the Coral back odds
  • Enter the exchange lay odds
  • Enter the lay commission (5% for Betfair)
  • Click on to calculate

You should expect to make around £18+ profit from this offer.

Move on to the next offer.

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