Coral – ITV Racing Offer

It’s a big Saturday of ITV Racing, and you don’t want to miss this Coral free bet offer! Place a £1.00+ bet on any ITV race, and get a matched free bet up to £5.00 to use on any ITV race. Translated into matched betting terms, this gives you a profit of £3.74, and here’s how…

Key terms

  • The promotion is available from 07:30 until 15:35 on Saturday 20th May 2023.
  • Applies to bets placed on any of the following ITV races.
    • 13:50, 14:25, 15:00 and 15:35 Newbury.
    • 14:05, 14:40 and 15:15 Newmarket.
  • Minimum stake of £1.00.
  • Minimum odds of 1.50 (1/2).
  • Your matched free bet will be credited immediately upon placement of your qualifying bet.
  • The maximum free bet is £5.00.
  • The free bet will be valid on any ITV race for 7 days.
  • The free bet stake will not be returned with any winnings.

Qualifying bet

Please see my ‘Qualifying Bets Guide‘ if you’d like more information about them and how they work.

It’s entirely up to you what you place your qualifying bet on.

At the time of writing, ‘Mutasaabeq‘ is back odds of 5.50 (9/2) to win the 15:35 Newbury. The lay odds are 5.80.

Either exchange works for this offer

Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.

  • 2% commission for all new signups
  • 0% commission for 60 days

You can calculate your lay stake using my Matched Betting Calculator.

Select bet type

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £
Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells you that your lay stake should be £4.74.

Coral logo

Place £5.00 on ‘Mutasaabeq’ @ 5.50 = Potential profit of £22.50

Smarkets logo

Lay £4.74 on ‘Mutasaabeq’ @ 5.80 = Potential liability of £22.75

Outcomes

Let’s look at your profit/loss for the possible outcomes.

OutcomeCoralSmarketsProfit/Loss
Mutasaabeq wins+ £22.50– £22.75£0.25 loss
Another horse wins– £5.00+ £4.74£0.26 loss

So, no matter the outcome, you’ll lose a maximum of £0.26 in qualifying for your £5.00 free bet.

Free bet

Your £5.00 free bet will be credited immediately upon placement of your qualifying bet and valid on any ITV race for 7 days. The free bet stake will not be returned with any winnings.

Using straightforward matched betting, you should convert your free bet into 80% cash, so £4.00. Considering your maximum qualifying loss of £0.26 gives you a minimum profit of £3.74 on this Coral offer!

* Modern Games won the 15:35 Newbury, resulting in a £3.74 profit on this Coral offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.