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Coral Welcome Offer

Bet £5 Get £20 Offer Worth £13.16 Profit (Starting With £100)

The Coral Welcome Offer is a great first Welcome Offer for those of you able to start with £100.

You need to deposit £5 in Coral and £45 into Betfair Exchange. In return, you will guarantee a £13.16 profit risk free.

Let's crack on with the step by step guide!

Sign Up To Coral & Betfair

Sign up to Betfair Exchange and Coral by clicking on the below buttons:

Please deposit £45 into Betfair Exchange. I recommend using a debit bank card to avoid any fees, alternatively you can use a credit card (1.5% fee) or Paypal (2% fee).

Please deposit £5 into Coral.

Step 1: Place Your Coral £5 Trigger Bet
a) Change Coral Odds To Decimal Odds

When matched betting it is always best to change the odds to decimal odds on the website.

To do this on Coral, go to the top menu and click decimals:

coral decimal

b) Head To Bournemouth vs Arsenal

Click here to the Bournemouth vs Arsenal (Sunday 13:30) market. Then click on the 1.7 next to Arsenal:

If the odds have changed from 1.7, don't worry, just click the number!

c) Place Your £5 Trigger Bet

Once you have clicked on the 1.7 for Arsenal, the bet slip will open on the right hand side. Enter 5 into the Stake and click the green 'place bet' button:

Step 2: Place Your Betfair Exchange £4.91 Lay Bet
a) Check The Betfair Lay Odds

Click here to the Bournemouth vs Arsenal market:

We can see here the Arsenal lay odds (the pink box) are 1.78.

b) Calculate the Lay Stake

We are betting £5 on Coral on Arsenal to win at 1.7 and the Betfair Exchange lay odds are 1.78, but what is our Betfair lay stake? To find this, use the simple calculator!

Enter 5 as the back stake, 1.7 as the back odds and 1.78 as the lay odds. The calculator tells us our lay stake is £4.91:

From our £5 trigger bet, this shows we will lose 34p (explained in 'Where Our Money Goes' below) but we then receive £20 in Coral free bets, ch-ching!

c) Place Your £4.91 Lay Bet

Click on the lay odds in the pink box (from the screenshot above), this will bring up the Betfair betslip. Enter £4.91 into the Backer's stake:

This will show a liability of £3.83. Again don't worry if the liability is a showing a little different if the lay odds have moved a little from 1.78.

Where Your Money Goes?

At the bottom of the calculator is a very handy profit breakdown:

To explain the above breakdown:

If Arsenal win, then you win £3.50 on Coral, but lose your liability of £3.83 on Betfair Exchange for a net loss of 33p.

If Arsenal draw or lose, then I lose £5 on Coral, but win my £4.66 on Betfair Exchange (I win £4.91 lay stake less 25p commission on my winning bet) for a net loss of 34p.

You have only lost 34p from the trigger bet and have now received a £20 free bet, so let's now make a tidy profit from this!

Step 3: Place Your Coral £20 Free Bet
a) Head To Liverpool vs Man City

Click here to the Liverpool vs Man City (Sunday 4pm) market. Click on the 3.7 next to draw:

If the odds have changed from 3.7, don't worry, just click the number!

b) Place Your £20 Free Bet

Once you have clicked on the 3.7 for draw the betslip will open. Enter 5 as the stake but this time select the £5 Free Bet in the dropdown:

coral free bet 5 betslip

Then click Place Bet.

Coral add your £20 free bet as 4 x £5 free bets, so you will need to repeat this 3 more times to place all 4 x £5 free bets on the draw.

Step 4: Place Your Betfair Exchange £14.21 Lay Bet
a) Check Betfair Lay Odds

Click here to the Liverpool vs Man City market:

You can see in the pink the lay odds are 3.85. If the odds have changed from 3.85, don't worry, just continue as below!

b) Calculate the Lay Stake

To find our lay stake, use the simple calculator, just change the Bet Type to Free Bet SNR.

Enter 20 as the back stake, 3.7 as the back odds and 3.85 as the lay odds. The calculator tells us our lay stake is £14.21:

From our £20 free bet, this shows we will make £13.50 (explained in 'Where Our Money Goes' below) ch-ching!

b) Place Your £14.21 Lay Bet

Enter £14.21 into the Backer's stake:

This will show a liability of £14.72. Again don't worry if the liability is a little different.

The way I calculated the lay stake stake is to enter use 'Free Bet SNR' mode in the calculator. Then enter back stake 20, back odds 3.7 and lay odds 3.85.

Where Your Money Goes?

To explain the above breakdown:

If it is a draw, then you win £54 on Coral from your £20 free bet, but lose your liability of £40.50 on Betfair Exchange for a net profit of £13.50.

If either team win, then I lose £0 on Coral as it my free bet, but win £13.50 on Betfair Exchange (I win £14.21 lay stake less 72p commission on my winning bet) for a net profit of £13.50.

Congratulations - you just made £13.16 risk-free profit!

Next up in the Starting With £100 Guide: SkyBet Welcome Offer - worth £13 in risk-free profit.

Got Questions?

There are 3 ways to ask for help with Team Profit:

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