In my matched betting guide, I’ll show you how to make £15.00 profit from the Coral welcome offer.
Matched betting is a simple process of matching back bets with lay bets.
By covering all outcomes, we can qualify for free bets and bonuses for next to nothing. We can then use the same strategy to extract a cash profit.
Step 1: Open an exchange account
Before we can match any bets, we’re going to need a betting exchange account.
I’ll be using Betfair in this guide as I think they’re the best option for matched betting newbies.
They’re also offering new customers 0% commission up to £500.00 for the first 30 days, which is a pretty good offer to get us started…
Step 2: Open a Coral account
My advice for all matched betting newbies is to start with the smaller welcome offers and work our way up.
Coral are offering new customers £20.00 in free bets if we bet just £5.00. It’s a great welcome offer to get us started as we only need a bankroll of around £50.00.
Once we’ve completed our first couple of offers, our confidence will build and so too will our bankroll!
Step 3: Change to decimal odds
Traditionally, bookmakers display their odds as fractions, but we’ll need to change them to decimals.
Decimal odds are much easier to compare at a glance, which is essential when looking for close back and lay odds.
Betting exchanges already display their odds as decimals, so we just need to change our odds preference to decimals at the bookmaker.