Coral’s track record goes all the way back to 1926, and – in the intervening century or so – the company has grown into one of the UK’s biggest and most respected bookmakers. As of 2019, Coral operated over 1,500 retail betting shops, and – nowadays – is part of Entain, along with Ladbrokes and other major brands.
The Coral betting site features a sportsbook, casino, bingo, and poker. New customers can take advantage of an excellent welcome bonus, then continue getting added value through various regular promotions. Read on to learn all you need to know about these special offers, and whether or not you need a Coral promo code to claim one.
Current Coral Promo Codes
In most cases, punters that want to claim bonuses or participate in promotions at Coral need only opt-in to offers. However, some offers may require the use of a Coral promo code.
There are two main ways to redeem a bonus code. You can either enter one in the provided field when you create your account, or later on when you deposit funds.
At the time of writing this review, Coral did not advertise any promo codes on the site. We’ll update this page if that changes, however, and – in the meantime – there are plenty of other excellent promotions that you can take advantage of.
Coral New Customer Offer
The first offer that new Coral customers will want to claim is the ‘Bet £5, Get £20’ welcome bonus. In short, all you need to do here is open a new account, make your first deposit, and bet at least £5 on any event with odds of 1/2 or greater. Coral will then instantly credit your account with a free £20 bet.
To use your free bet, you can add your selection(s) to your betslip, then simply choose the free bet option. As usual, you will not receive the free bet stake amount in your returns for any winning wagers. So, if you wagered the free £20 bet on an event with even odds, you would get a £20 return if it won. Elsewhere, it’s worth noting that the £20 must be used in its entirety on one wager – it cannot be broken down into a series of smaller bets.
Here are a few other key terms and conditions:
- Offer only open to new customers, who are 18+, and living in the UK or Ireland.
- Deposits made using prepaid cards, Skrill, PayPal, Apple Pay, Paysafecard, and Neteller do not qualify for this bonus.
- To qualify, you must place £5 in wagers on pre-match or live events with odds of 1/2 or greater.
- You may not use the Cash Out feature on free bets.
- This offer cannot be used in conjunction with other Coral offers.
- You must use your free bet within 7 days.
Other Coral Promotions
In addition to the welcome offer, Coral was running several other sportsbook promotions at the time of writing. Let’s take a brief look at some of the most intriguing examples:
- Win £50 Cash Every Week
Make 4 sports predictions on select matches to win £50 in cash or free bets. This promotion is free to join, and also offers a share of a monthly £25,000 jackpot.
- Free-to-Play Racing Super Series
Win up to £25,000 every Saturday by picking a horse to place in each of the selected races.
- Rewards Grabber
Win your choice of prizes once per day, by logging in and playing the Rewards Grabber game.
- Best Odds Guaranteed
Place a Race Winner wager on a horse, using the odds at the time. If the starting price is greater, Coral will automatically pay out at the superior odds.
- Odds Booster
Coral enhances the odds every day on selected markets, which – in short – means you stand to win more money. Look for the Odds Booster icon to see all of today’s boosted odds.
You should also know that Coral runs a range of time-sensitive promotions. At the time of writing, for instance, they are offering free bets and more for those who want to wager on the Cheltenham Festival. High-profile events like the World Cup, Kentucky Derby, and even the Super Bowl also regularly generate short-term deals at Coral.
Banking
Before you can claim any bonuses here, whether using a Coral promo code or not, you naturally need to fund your account. We’re pleased to say that Coral supports a wide range of secure, UK-friendly payment solutions, all of which are free to use.
Deposits
To deposit funds, simply log in to your Coral account and head to the banking section, where you can select the “Deposit” option. Choose your preferred payment option and enter the amount you’d like to deposit. Remember, this is also an opportunity to enter a Coral promo code, if you have one. Either way, once you confirm the transaction, your funds will be instantly credited to your account and available for wagering.
| deposit method | fees | minimum deposit |
|---|---|---|
| Visa Debit | Free | £5 |
| Mastercard Debit | Free | £5 |
| PayPal | Free | £10 |
| Paysafecard | Free | £5 |
| Skrill | Free | £5 |
| Neteller | Free | £5 |
| ecoPayz | Free | £5 |
| Trustly | Free | £5 |
Withdrawals
Before we get stuck into Coral withdrawals, you should be aware that you must complete the verification process before you can actually make one. This might seem a little frustrating, but is intended to prevent such things as underage gambling and fraud, and is very easy to complete.
To do so, you simply need to upload digital copies of a couple of documents. The first is a valid picture ID, like a passport or driver’s license, to prove your identity. The second is a utility bill or bank statement, to prove where you live. It only takes a few moments to upload these documents in your player profile, and – whilst it can take up to three days for Coral to verify the documents – it’ll usually be done within a day.
Once all that’s finished, to actually make a withdrawal you should select the “Withdraw” tab within the banking section. Now select the payment method you want to use, enter the withdrawal amount, and submit the transaction. To avoid any hassles, we suggest that you use the same method to both deposit and withdraw if possible.
| withdrawal method | fees | minimum withdrawal | processing time |
|---|---|---|---|
| Visa Debit Card | Free | £5 | 1-3 Business Days |
| Mastercard Debit Card | Free | £5 | 1-3 Business Days |
| PayPal | Free | £5 | 1-3 Business Days |
| Skrill | Free | £5 | 1-3 Business Days |
| Neteller | Free | £5 | 1-3 Business Days |
| ecoPayz | Free | £5 | 1-3 Business Days |
| Trustly | Free | £5 | 1-3 Business Days |
How to Claim the Bet £5 Get £20 Welcome Bonus
The Bet £5, Get £20 welcome offer is one of the better such deals around in the UK right now, and you don’t even need a Coral promo code to trigger it. Instead, these are the three main steps you must take to do so.
Step 1 – Open a New Coral Account
There are two ways of going about this. You can register by visiting the Coral website using a desktop or mobile browser, or you can install the Coral app for your iOS or Android device. Once you’ve launched the app or arrived at Coral in your browser, you should follow these steps:
- Click or tap on the yellow “Join” icon at the top of the home page to activate the registration form.
- On the first page, select your country of residence and the currency you wish to use. Then enter your email address, set a username and password, and click “Continue”.
- On the next page, select your gender and enter your full name along with your date of birth. Hit the “Continue” button.
- On the last page, enter your address and mobile number, and opt-in to notifications about future exclusive offers (if you so desire). Now hit the “Create My Account” button at the bottom of the form, and you’re done.
Step 2 – Deposit and Place Qualifying Wagers
Now that your new account is up and running, it’s time to make your first deposit. To do so, simply follow the instructions laid out in the ‘Banking’ section above. Also, remember that some deposit options don’t qualify for this bonus, so pick your payment method accordingly.
Once your account has been funded, you can make your qualifying wagers. This can be a single wager of at least £5, or a series of wagers that amount to £5. Either way, just be sure that those bets have odds of 1/2 or greater, or they won’t qualify. Once you’ve done this, Coral will automatically credit your account with the £20 free bet.
Step 3 – Using Your Coral £20 Free Bet
Actually using your free bet is a cinch. Unlike the qualifying wager, the free bet is not subject to any minimum odds. You could wager on short odds, or go for it by staking the free bet on a long shot. It’s entirely up to you.
Start by finding the wager you want to make, then select it to add it to your betslip. To build an accumulator, just keep adding selections until you have the ticket you want. You can then enter the £20 stake amount, and choose the “Free Bet” option from the dropdown menu.
As an example, let’s say we wagered on Arsenal to beat Burnley at 1/2. We’ll also assume that Arsenal pulls through for you. If you were betting using your own money, you could expect a return of £30 (the original £20 stake, plus the £10 win amount). Free bets work a little differently, in that you don’t receive the stake amount back – you just get the win amount. So, a successful £20 free bet, on an event with 1/2 odds, would only result in a total payout of £10. That money is yours to keep, however, and free of any conditions.
Step 4 (Optional) – Participate in More Offers
After you have closed out the Bet £5 Get £20 welcome offer, you can start participating in the whole range of other special offers that Coral has in place.
Some will help to increase your winnings on successful wagers, while others seek to reduce your losses, and some – quite simply – are games that are fun and free to play. In no case will you need to enter a Coral promo code to trigger the deal.
Final Thoughts
If you are looking for a trustworthy bookmaker that has earned and maintained a stellar reputation over several decades, then Coral is definitely worth your consideration. You’ll find competitive odds on dozens of sports, as well as helpful features like full or partial cash out and live streaming.
The ‘Bet £5, Get £20’ welcome offer is the perfect way in which to discover how much the site has to offer. It might not be the biggest bookmaker bonus around, but – in terms of return on your investment – it’s at least on par with what other major online bookmakers offer. The small £5 buy-in also makes it suitable for more casual punters.
Whether you’re triggering the welcome offer or one of the many excellent other deals, there’s no need at all for a Coral promo code right now. This situation could change quickly though, so be sure to keep checking this page regularly for any updates.
Do I need to use a Coral promo code to claim the Bet £5 Get £20 offer?
No. You need only open a new account, and place the qualifying wager or wagers. Your £20 free bet will then automatically be credited to your account.
Where can I enter a Coral promo code?
Right now, there are no Coral promo codes to enter. If you find one in the future, however, you can either enter it when creating a new account, or when making a deposit.
What other special offers are available?
There are plenty of ongoing promotions right now, all of which can be used by existing customers. We’ve outlined several of the more attractive examples for you earlier in this article.
How long does it take to receive my withdrawals?
Coral typically processes withdrawals within 24 hours. This means you should have your money within 1-3 business days, depending on which payment method you use.
Can I trust the Coral sportsbook?
Absolutely. Coral has been in business for nearly a century, and is licensed in both the UK and Gibraltar.
