Coral Free Bet Information with Key Terms and Conditions
Coral Free Bet Details
- Free Bet Amount: £20
- How It Works: The free bet is a huge 400% of the customer’s initial deposit, which is made available when they set up a new online account with Coral. Beneficiaries of the offer only have to bet £5 in order to be given the welcome bonus, which will be issued to them as four additional £5 bets.
- Wagering Requirements: Each free bet must be wagered in full before withdrawing any funds from the customer’s account and the £5 stake is not included in any returns.
- Minimum Odds: 1/2 (which is 1.5 in decimal odds) or greater. This applies to the customer’s first bet before receiving the free bet – it does not apply to the freebies once they are received.
- Validity: The initial £5 bet must be placed within 14 days of opening an account with Coral in order to be awarded their welcome bonus. Customers then have four days to use the free bet once it has entered their account.
- Additional Details: The free bet can be staked on outright and each way bets, as well as doubles, trebles and four-fold accumulators or bigger and straight forecasts. Neither the qualifying bet, nor the free bet, can be used with Coral’s ‘Cash Out’ feature, which lets customers settle their bets before a game has finished. Customers also cannot use the free bet on the Football Jackpot, which is Coral’s lottery type bet on 15 football matches across a weekend. It also cannot be used on tote betting, as well as combination or multiple bets excluding accumulators, such as Trixies, Patents and Lucky 15s. It is also important to note that the free bet stakes will not be returned in the event of a winning bet. Lastly, like most other free bets out there, this promotion is unable to be used alongside any others that Coral offers.
Who are Coral?
Coral are one of Britain’s oldest and most well-known bookmakers. Founded in 1926 by Joe Coral, the company opened its first legal betting shop in 1961. Just over 50 years later, Coral owns 1,845 betting shops across the UK. Along with partners Gala and Coral Eurobet, the company turned over revenue of over £1.2 billion in 2014.
The Coral website was relaunched much more recently, following a major redesign in 2012, but has already built on its strong high street reputation to accrue millions of customers. Coral has a number of partnerships, including with Premier League clubs Everton and Chelsea, Super League side Wigan Warriors, and the Professional Darts Corporation. In August 2015, Coral agreed a merger with rival company Ladbrokes worth £2.3 billion.