October 27, 2015
Make £16 from Coral Sign Up for New Customers…
Below we have given you step by step instructions on how to complete this offer, if you would find a video easier to follow then we suggest visiting Profit Accumulator, for a free video guide, if not keep reading how you can make risk free money.
All bookmakers have sign up offers; Coral are no different and are an easy place to start Matched Betting. They offer a £20 free bet for new online customers who deposit and bet £5.
To qualify for the £20 free bet we must first place a £5 bet, we can use matched betting to ensure we recoup most of this £5 back. Using Profit Accumulators oddsmatching software you can find a close match, for this offer the odds must be above 1.5 (Decimal).
Odds will most likely be displayed as fractional, you can change to decimal via your account settings.
After choosing your selected bet, you place both the odds of the back bet (Coral) and the lay bet (Betfair Exchange) into profit accumulators calculator. The calculator must be set to “normal’ for the qualifying bet. For example; if Coral odds were 1.60 and Betfair Exchange were 1.62 it would look like this. Betfair commission should be set to 5% (don’t worry about this for now).
The result of this calculation shows you what you must stake for your lay bet in Betfair Exchange, in the above example it is £5.10
Ignore the liability for now; from the calculator we can see our loss will only be £0.15 or £0.16 regardless of the outcome.
Now, because we have met the offers terms by placing a £5 qualifying bet of odds over 1.6 we should immediately be credited with 4 x £5 free bet tokens. (If not, enter live chat and enquire why, politely of course).
We do exactly the same as the qualifying bet, using profit accumulator’s oddsmatching software find a close match between Coral and Betfair Exchange, however this time to maximize profit we need to use odds around 5.0. The higher the odds, the more liability you will need in Betfair Exchange, but the more profit you will make. (Using odds that are to high will flag your account to the bookmaker so stick to the odds we suggest).
When entering the odds in profit accumulators calculator you must ensure you have Stake Not Returned (SNR) selected and enter the odds just like we did for qualifying bet.
In the example we have used £20 stake, as you have been credited with 4 x £5 bets simply place the same bet 4 times and lay the bet once as a £20 stake as seen in the calculator.
Once both bets have settled you should have made around £16 risk free money and can immediately withdraw if you wish to.
This is one example of a sign up offer, but there are plenty out there, we will be posting more walkthroughs but head over to profit accumulator to start making more risk free money!