Making a profit from sports betting can be difficult, so any advantage you can gain is welcome. When that advantage is free, you should definitely be interested!
The free bet is a common type of offer that is made available by some of the world’s leading sportsbooks.Coral – one of the best known betting operators in the world – is no exception.
Coral has its roots in the UK horse racing industry, but has since grown into an instantly-recognizable betting brand, known in many countries around the world. One of Coral’s key success points has been the skillful use of promotions that can attract the typical bettor. In this Coral article, we will provide you with all that you need to get the most from Coral’s free bet welcome offer and ongoing promotions. So if you’ve got questions, whether you want to know what is the current sign up offer or where to find the free bets on the Coral site, read on.
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What is a Coral Free Bet?
A free bet is a particular type of promotion that is provided by bookmakers, with the intention of encouraging new customers to register with their site. The ‘free’ part refers to the fact that this bonus technically enables you to bet on a particular sports betting market without using your money.
How free is it really? Well, as you’d expect, there are terms and conditions associated with such promotions, and these are covered in a later section. For now, the important thing to remember is that the free bet is a reward for you creating an account with Coral. In addition, although the biggest free bet offer is only made available to new customers, Coral is also known for providing other deals for regular users of the site.
What is the Current Coral Free Bet Welcome Offer?
The current free bet offer from Coral for new customers is a ‘Get £20 in Free Bets’ deal. This requires those who register a new account to make a £5 wager in order to obtain the free bet.
If you check out the most popular betting sites available to sports bettors, you will find plenty of similar welcome bonus offers. Coral’s deal still rates as one of the better promotions around, however. We’ll explain why in the next few sections, as we go into detail about the Coral welcome bonus offer, how it can be claimed, and what terms and conditions you should be aware of before signing up.
How to Claim the Coral Free Bet Welcome Offer
The process of claiming the Coral free bet requires you to sign up to the site as a new customer. Fortunately, the Coral sign-up process is quick and simple. You can register as a new bettor with Coral by heading to their site and following these steps:
- Click on the yellow Join button found at the top-right of the home page
- Enter your preferred user name and password
- Enter your contact details, including your name, address, date of birth, and email address
- Provide the requisite details for your payment method of choice
- Make your first deposit by entering your preferred amount
- Place a sports bet of at least £5, at odds of 1/2 (1.50) or higher
- As soon as you make your bet, your account will be credited with the £20 in free bets
The next section will cover the main terms and conditions that apply to this offer. At this stage though, it is important to note that – if you intend to claim the bonus – you shouldn’t wait too long between creating an account and making your £5 qualifying bet. New customers have 14 days after registration to bet and to make their claim, otherwise the free bet offer will expire.
You should also be aware that Coral may ask you to verify your identity during the sign-up process, or at the time of your first withdrawal. At first glance, this may appear to be an inconvenience. In reality though, it is actually an important part of the safety measures that Coral takes as a responsible operator, to ensure that the site remains secure for all customers and that your account is not misused.
The verification process will involve uploading clear images of your ID documents. This will usually mean a passport, driving licence, or another similar form of ID. Once your identity has been verified, which doesn’t typically take long, your account will be available to use.
Coral Free Bet Welcome Offer Terms and Conditions
When you’re claiming any offer from an online sportsbook, it is often a good idea to look past the headline figures and find out more about the terms and conditions. This ensures that there are no nasty surprises later on, and also enables you to fully evaluate the genuine quality of the offer, and compare it with others.
It is typical for sports betting sites to attach a significant number of conditions to their welcome bonus offers, and Coral is no exception. These are the main terms and conditions to be aware of:
- New customers only
- The free bets will be paid in the form of 4 x £5 free bets
- Cash out cannot be used with qualifying wager or free bets
- The promotion is currently available until 31/12/2022
- The offer is not open to those who make their first deposits with prepaid cards, Moneybookers, Paypal, Paysafe, Skrill or Neteller
- The value of your free bet is not included in any winnings
- If a bet made with a free bet is declared void, the free bet is not refunded
- You cannot withdraw free bets as cash
- Maximum payout levels apply
- A bet will not be considered a qualifying bet if made on Tote or Pools markets.
As indicated, there are a number of conditions to be aware of here, and it is important to read through them all before claiming the welcome bonus. We were pleased, however, to see that there is no wagering requirement attached to this offer.
Sports bettors will also appreciate that you don’t have to wait for the result of your qualifying bet before being awarded the free bets. Instead, these are credited immediately upon placing that wager. In addition, the £5 qualifying bet level is lower than many competitors’ welcome bet requirements, which typically sit at £10 or more.
Other Coral Free Bet Offers
The top sports betting companies do not restrict their offers to newcomers, and we are pleased to say that Coral is one of the best operators in this area. It provides an array of free bet and other current promotions, which can be viewed by clicking the Offers tab at the top of the home page. You can also learn more using our Coral Promo Code Guide
£50 Cash Offer
Both free bets and cash feature in this interesting Coral bonus, which they promote prominently on the Offers page. With this deal, customers are invited to predict the results of selected football games, earning a point for each correct prediction. Those who score highly will earn part of a £25,000 monthly prize fund, with your particular prizes ranging from £2 in free bets up to £50 in cash.
Fail To Finish
The Fail To Finish free bet offer rewards horse racing bettors with a free bet if their horse doesn’t finish the race. The deal applies to a customer’s first real money bet on a horse race during a given day. The free bet offer is capped at £10, and the usual free bet terms and conditions (see above) will apply when using your token.
Social Media Competition
All of the big sports betting sites have a social media presence these days, and Coral is no exception. To help encourage customers to use their social media platforms, Coral runs regular social media competitions. These run every Monday on Twitter, Facebook and Instagram, and each winner will receive a £5 free bet.
How to Make the Most of your Coral Free Bets
Generally speaking, making the most of a free bet offer depends on how you usually bet, your level of experience, and a number of other factors. There are some key points which all punters should consider, however, in order to maximise the potential of these tokens.
Some people like watching sports live and may wish to bet at the event. If so then check out the Coral App so you do not miss the chance to bet on your favourite sport while you are on the move.
The first step is to ask yourself whether you are likely to continue to use the site. Signing up with Coral simply to claim the free bet, if you don’t intend to be a regular Coral user afterwards, will provide you with only short-term benefits. That strategy can also lead to bettors making wagers simply to qualify for a specific free bet offer. You’re unlikely to make good picks if this is the case, and – since real money stakes are still required to do it – this can be a self-defeating approach.
This leads us on to the issue of weighing up the risks and rewards involved. If you find yourself making a bet that you would not otherwise make, simply to claim a Coral free bet, you are not being effective. In fact, you may have been better off simply making ordinary bets in the first place. While the Coral free bet offer is a good one by the standards of the market, it isn’t so large that it can justify wasting a bet to access it.
Ideally, both your qualifying bet and the free bets should be used to wager on solid selections that you might ordinarily have made anyway. This means you have to be acutely aware of the time factors involved. You have 14 days after registering a new account to make your qualifying bet, and then seven days to use your free bets, so a little planning is necessary to get the most out of the offer.
The final factor to bear in mind is ensuring that you understand the terms and conditions. We have mentioned this earlier in the article, but it is important enough to repeat in this section. That’s because failure to read the small print could lead to you being unable to use your free bets, or being unable to claim them at all. If you use Paypal to make your first deposit on Coral, for example, you’ll automatically be unable to claim the welcome offer. That’s why you must read through the terms and conditions, and not overlook any details, before deciding whether the Coral free bet offer is for you.
Welcome offers are commonplace in the sports betting sector, and this can lead experienced bettors to become a little cynical about their worth. At the same time, newcomers may be attracted by the mention of the word ‘free’ and sign up without checking out some of the details.
For both types of customers, however, we’re pleased to say that the Coral free bet welcome offer represents a solid deal. The absence of wagering requirements, the fact that the free bets are paid out as soon as you make a qualifying bet, and the low amount of the qualifying bet, are all positives for experienced bettors. Newcomers will also find that the terms and conditions are not so complicated How long do I have to wait to get my Coral free bet?or demanding that they detract from the bet.
It is always important to weigh up any welcome offer and compare it with what else is available, of course. Even in this case though, we feel that the Coral free bet offer stands up well compared to those provided by its competitors, as do its excellent ongoing promotions.
If you have never used the Coral website before, then check out our useful guide showing how to place accumulators and multiple bets on Coral.
How long do I have to wait to get my Coral free bet?
As soon as you have signed up and made your qualifying wager of £5, the Coral free bets will be credited to your new account and can be used on any sports market.
When do the Coral free bets expire?
Your Coral free bets are paid into your account in the form of four £5 bets, and they have to be used within seven days of being awarded.
Are free bet stakes included with winnings?
No. When you wager with a free bet token, the stake is not included in the winnings if your bet is indeed successful.
Are the free bets only available for new customers?
The Coral free bet offer is available for new customers only, as a reward for signing up with the site. Coral also offers regular promotions and other offers to registered customers, however, and several of these do include free bets.
Can I make deposits with Paypal at Coral?
Yes, you can deposit using Paypal, as well as Paysafe, Moneybookers, Skrill, Neteller and prepaid cards. Do be aware, however, that any qualifying bets made using money deposited via these methods will not qualify for the welcome offer.