Coral 10% Cashback

Posted on June 13, 2010 by  

A fantastic offer from the already fantastic Coral, and this is open to everyone Old and New. They will give you 10% back on losses on sports and gaming bets.

One idea is to find a close match up in odds using Oddsmatcher (of course) and underlay the bets on your chosen betting exchange so that if the bet does win then you lose less at the exchange giving you a profit and if your bet doesn’t win then you get a refund from Coral.

We are justing putting together a spreadsheet to help people calculate the underlay amounts so drop us a line if you need one.

Here are all the details…….

10% Cashback on Sports and Gaming

We recognise that not every bet is always a winning one. Thats why were launching our biggest Cashback giveaway offering all coral.co.uk customers 10% back on any sporting and gaming losses.

This fantastic offer represents genuine value and is available to both new and existing customers!

You can qualify for this great cashback offer by registering below, new customers will need to sign up for an account first.

Once registered you will automatically receive 10% cashback on your monthly aggregate losses paid directly into your Coral account.

If you already have an account then dive in, if not you can pick one up using the link below and also get a free tenner to get you started…..

– Bet £10, get £10 free bet

We have even worked out a bet to get you started……

http://bet72.com/latest-free-bets/instant-profit-in-under-5-minutes/

Also Coral accept Moneybookers (an online money wallet) which is worth noting as cashflow could be an issue if you are doing lots of bets during the month and withdrawing back to a bank card to top up you Coral or Betting Exchange account depending on the outcomes.

Withdrawals to Moneybookers are generally under 24 hours from anywhere so moving money around is much easier.

Worth a look…..




T&C’s
1. To qualify for this Cash Back offer you must be aged 18 years or over and be a customer of Coral.co.uk placing bets or playing any of the real money games between 00:00:00 on 05/05/09 and 11:59:59 on 31/12/09 and have registered for this offer by completing the offer registration form accessed from the Home Page. Playing for fun does not contribute to eligibility for this offer. This offer is only open to residents of those countries or states where coral.co.uk accepts customers and is subject to coral.co.uk’s normal full rules, terms and conditions.
2. Participating customers will automatically have their Coral .co.uk account credited with 10% of their *net calendar monthly losses as returns
*net monthly losses on settled sportsbook bets and gaming (excluding peer-to-peer games i.e Poker, Dice Arena, Head-To-Head and Bingo) between the first and last days of each calendar month except for the first month when net monthly losses will be calculated from date of registration for the offer and the last day of that month. Offer only applies to the first £2,500 of net losses. Customers wishing to be considered for cash back on net losses above £2,500 can apply to join our VIP club by emailing vip@coral.co.uk

3. Only one Cash Back registration per person. Customers with multiple accounts will not be eligible for more than one Cash Back. New accounts being opened to claim additional cash back will be closed and cash back funds not credited. In the event of any offer abuse being identified or suspected, promotional bonuses will not be granted and management reserves the right to prohibit or exclude certain individuals, groups or regions from promotions with immediate effect.
4. Customers whose account becomes closed prior to the date of Cash Back credit (on or before the fifth day of each month) will not qualify for the offer
5. Withdrawals of Cash Back credit must comply with existing Coral .co.uk withdrawal rules located in the Help section within the Account tab.
6. Cash Back Offer will run until 31/12/09
7. This is a cash back promotion. Any pending bonuses related to other bonus schemes remain unaffected and do not affect this promotion.
8. Coral.co.uk may cancel, terminate, modify or suspend the promotion or these terms and conditions at any point and for any reason, including for technical reasons such as and not limited to computer viruses, bugs, tampering or technical failures.
9. In the event of a betting dispute, Coral.co.uk reserve the right to withhold Cash Back credit payments until resolution of dispute
10. Void bets, other losing bonuses and losing free bets will not be included in Cash Back calculations
11. Details of any Cash Back credit will be included in the customer statement. Customers who have opted to receive marketing information will also be sent an email.
12. Coral.co.uk decision is final. No discussions will be entered into.
13. Promoter: Coral .co.uk, c/o Eurobet House, 10-24 Church Street West, Woking, Surrey, GU21 6HT

Comments

41 Comments on "Coral 10% Cashback"

  1. François on Wed, 6th May 2009 4:26 pm 

    Hello,

    It seems very interesting if you loose a lot with the bookie..

    Is this offer for everyone and non UK player (i am french 🙂
    ??

  2. Mike Stoddard on Wed, 6th May 2009 9:46 pm 

    The only worry with the underlaying system Darren is that Coral says it can close your account at any time and you will not recieve the cashback earnt that month leaving you out of pocket, any advice?

  3. Martin Ogilvy on Thu, 7th May 2009 6:53 am 

    Why would they close it though? They would only do that in extreme cicumstances

  4. Mike Stoddard on Thu, 7th May 2009 3:11 pm 

    Well I guess if they think you are abusing it they can do that, God knows what reasons they could have but I’ve had my Bet365 account limited without much explanation so just warning you lot.

  5. Mike Stoddard on Thu, 7th May 2009 6:04 pm 

    Another word of warning on this.
    I emailed Coral to ask if my registration had been confirmed and they said they could not confirm it and advised me to take a screenshot of the screen after you register for the cash back deal.
    Just press PRINT SCREEN (PRT SC) and paste into Paint or some other program and save, just in case.

  6. John on Thu, 7th May 2009 6:45 pm 

    Is there a tactic I should be using for this? For instance looking to win every bet or looking to loose every one? Just been thinking and it’s aggregate losses. So if I won half of my bets and lost half of my bets I could break even according to Coral. Could I end up with noting? Or Worse is there a possiblity of a loss? Sorry if I’m asking a really obvious question with an obvious answer, just I can’t get my head around it!

  7. paul on Thu, 7th May 2009 7:36 pm 

    sorry to sound dumb, what do you mean by underlay

  8. Ste on Thu, 7th May 2009 10:21 pm 

    Would it not be better to go for bets you know will lose? Find a close match up and hope the bet loses? Maybe if you look to lose 4-5% per bet, your still getting 10% back from Coral at the end of the month until 31/12/09.

  9. Martin Ogilvy on Fri, 8th May 2009 1:46 pm 

    Got to be best to still find close match up and bet as we normally do-laying it off on the exchanges-and hoping all the bets lose. The more losers you get on Coral the better obviously, but still need to lay off in case they win. It’s amazing how difficult it is to find losers when you want to though!

  10. Tony Henderson on Wed, 27th May 2009 1:14 pm 

    Doesn’t the fact that the refund is on net monthly losses, rather than on each bet, mean that if you find a winner which cancels out all of your previous losses then you will have lost your 10% refund and also lost the losses incurred the losing matched bets previously placed?

  11. John on Wed, 27th May 2009 3:47 pm 

    Yeah, that’s what’s bothered me Tony. One win at big odds can leave you out of pocket for that month.

  12. Darren Hall on Wed, 27th May 2009 4:53 pm 

    That is true, but we have a spreadsheet to allow you to hedge the bets for the correct amounts each time to lock in a smaller yet guaranteed profit, drop me an email if you need a copy.

  13. Tony Murray on Wed, 27th May 2009 11:59 pm 

    Think this is a great marketing tool from coral and others should follow.The end of the day the bookies want you to lose and guys like us will take advantage of this, which is exactly what they want.just hope it works as smooth as they say.
    My only concern is after you’ve received you 10% cashback can you withdraw it or have you got to match trade it out again and if you lose at coral do you get an extra 10% on your 10% cashback. Interesting,think i’ll just dive in with a small bet and check it out.

  14. oliver on Tue, 2nd Jun 2009 9:22 am 

    please send me spreadsheet fo coral 10%

  15. Darren Hall on Tue, 2nd Jun 2009 9:38 am 

    OK, sent it!

  16. John Webb on Thu, 4th Jun 2009 1:13 pm 

    Hi Darren, pls send a copy of the Coral spreadsheet.

  17. Tony on Thu, 4th Jun 2009 2:03 pm 

    Please send me the spreadsheet too!

  18. Martin Ogilvy on Thu, 4th Jun 2009 2:06 pm 

    Just got a nice email from coral congratulating me on a successful month-so no cashback for me-typical that when you want losers you get winners!

  19. mike on Thu, 4th Jun 2009 11:37 pm 

    I would like the spreadsheet too please darren.

  20. Darren Hall on Fri, 5th Jun 2009 5:11 pm 

    Spreadsheets sent chaps, happy cashbacking!

  21. Jeff on Fri, 5th Jun 2009 5:23 pm 

    Hi Darren

    still trying to get my head round this coral offer. I have received £30 cashback from them for the aggregate loss suffered in May. thanks for the spreadsheet you sent me a few weeks ago but still not sure how to use it for guaranteed profits as u explained to Jon above. i can’t see how you can get round the scenario where one big win cancels out all smaller losses so you end up with a zero loss for the month and hence don’t get any cashback ?

  22. Steve on Fri, 5th Jun 2009 9:23 pm 

    Hi Darren

    Could you send me the spreadsheet as well please?

    thanks
    Steve

  23. Adrian on Sat, 6th Jun 2009 1:08 am 

    Hello Darren,

    please send me also the Spreadsheet. I have missed to register for the 10% Cashback in May…

  24. Kris on Sat, 6th Jun 2009 1:06 pm 

    Hi,

    How is everyone doing on the cashback offer so far?

    Anyone made any decent money from it yet?

  25. anthony on Sun, 7th Jun 2009 5:45 pm 

    Hi Darren, can you also send me this spreadsheet for the coral loss cashback offer?
    Thank you in advance,

  26. jeff on Sun, 7th Jun 2009 9:02 pm 

    i made about £50 last month without realizing cashback was on aggregate losses not each loss. i can see that u can make money with one big bet of £2500 per month (probably about £120 profit) but can’t see how u can make it work with lots of smaller bets over the month even with darrens spreadsheet

  27. Mike Stoddard on Mon, 8th Jun 2009 7:16 pm 

    Yeah, I’m thinking a big £2,000 bet is the way forward – as smaller bets are worthless once you hit a winner.

  28. jeff on Mon, 8th Jun 2009 10:57 pm 

    seems to have gone quiet on this. can anyone tell me if they have sussed a way to make regular profit by staking small amounts and hence overcoming the aggregate loss restriction ? i still think the only way to make a good risk free profit is to bet one big sum per month, please tell me otherwise

  29. Darren Hall on Tue, 9th Jun 2009 4:35 pm 

    Hi Jeff, the spreadsheet will help. The idea of the spreadsheet is to calculate the lay stakes of the subsequent bets as you continue to lose and lock in a profit. If you have a winner at Coral then you will still be in profit but naturally you would need to get the account down to net £0 before starting again so really you would then have to stop. Or like you say you could go for one biggie a month.

  30. Ray on Tue, 9th Jun 2009 10:37 pm 

    Thanks Darren

    Please send me a copy of the spread sheet. Ray

  31. Andy on Sat, 13th Jun 2009 8:19 am 

    Thought i’d offer a pinch of reality on this one based upon my experience. For some reason they don’t like you betting and laying off. Not sure why because they still get their money when you lose ! Anyway, the minute they suspect you of doing this, they start screwing around with your max stakes. I tried to wager £650 on a MLS match for tomorrow, and it came back with a max bid allowed of £150. Becasue my system runs so slow on their site (and only their site), I don’t get time to accept it (you only get 30 secs). When I then started again and asked for a wager of £150, it came back with a revised max stake permitted of 0.10p !!! All in all, this one can be very frustrating.

  32. Jeff on Sat, 13th Jun 2009 10:30 am 

    Andy

    I’ve had the same experience with Boylesports and Sporting Bet. Both offer these free bets then if they think you are matching or just happen to be winning they prohibit the max stake you can place so that it is below the qualification criteria they have set to get the free bet. As u say what is it to them if you are matching ? a bet is a bet and they will win or lose like any normal bet !

  33. james on Sat, 13th Jun 2009 5:32 pm 

    Could i please have a spreadsheet, many thanks..

  34. Jeff on Wed, 15th Jul 2009 7:25 pm 

    has anyone else received an e mail from Coral in last few days promoting the 10% refund offer but also offering a free £50 bet to all customers who place a £50 bet on any sports event this summer ? i clicked on the ‘claim bonus’ box and deposited then bet £50 (matched of course). the T&Cs said i would be credited immediately with the free bet but this did not happen so i phoned coral who asked me to send them the email promotion. they seemed to be in the dark about it and they r now checking the e mail i’ve sent them which looks genuine enough

  35. Chris Green on Thu, 16th Jul 2009 12:20 pm 

    Sorry Jeff, can’t say i’ve seen this one…..

  36. Michael on Thu, 16th Jul 2009 6:36 pm 

    Jeff I too got the free bet e-mail. There was no claim bonus box though. I simply logged into my account and bet £50 on a football match later that night and after refreshing the screen my balance was £50 (the free bet money). I had no problems receiving it.

  37. martin ogilvy on Sun, 19th Jul 2009 10:03 pm 

    Glad to hear from Andy that it’s not only me who finds the Coral site very slow-I thought it was my PC because sometimes it seems to take an age to go through all the steps to make a bet-deposit, confirm card details, place bet, confirm bet blah blah blah. I haven’t had any knock back from them yet(though get it a lot with some of the smaller firms like Interwetten and 10Bet) but my main problem with the Coral cashback promotion is that I haven’t won a penny from it! Every time I put a big bet on za Coral it goes and wins-of course I’ve underlaid it but it is quite amazing that you can’t get losers when you want them!

  38. martin ogilvy on Sun, 19th Jul 2009 10:06 pm 

    By the way two more points. Firstly I’ve had no email offering a free bet, and how on earth would they know if you’re laying off or not?

  39. Jeff on Mon, 20th Jul 2009 3:14 pm 

    martin

    i’m not sure how they know but the 888 site told me that was the reason for limiting my stakes. as i said earlier whats it to them ? some bets they will win some lose and in the end probably be in profit as the bookie usually wins.

  40. martin ogilvy on Wed, 22nd Jul 2009 8:02 pm 

    Wanted £200 on a Europa Cup game tomorrow-odds of 1.37-they offered me £40. Absolutely pathetic that a so-called big bookie won’t lay a bet for £70. Words fail me

  41. Lucy on Sat, 19th Sep 2009 1:52 pm 

    Hi,

    Can you please send me a copy of the spreadsheet. thank you.

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