By betadmin When it comes to withdrawing winnings from free bets at Coral or any other bookmaker, there are typically some terms and conditions that apply. Generally, here’s how it works:
1. **Free Bet Winnings**: When you win using a free bet, the profit you make from that bet usually excludes the stake of the free bet itself. So, if you win £100 with a £10 free bet, you’ll typically receive £90 in profit (the winnings minus the £10 stake that wasn’t yours to begin with).
2. **Withdrawal Restrictions**: Often, Coral and other bookmakers will not allow you to withdraw the free bet stake or any winnings until you have met certain wagering requirements. These requirements might stipulate that you must bet a certain amount of your own money before you can withdraw any funds.
3. **Withdrawal Process**: If you have met the necessary requirements, you can usually withdraw your winnings by going to the cashier section of the Coral website or app, selecting the withdrawal option, and choosing your preferred method of withdrawal.
Here are some points to consider:
– **Check the Terms**: Always check the terms and conditions of the free bet offer to understand the specific rules regarding withdrawals. Coral’s terms can change, and different offers may have different rules.
– **ID Verification**: Before making a withdrawal, you may need to verify your identity if you haven’t done so already. This is a standard procedure for all licensed gambling operators to comply with money laundering regulations.
– **Withdrawal Methods**: The method you use to withdraw can affect how quickly you receive your funds. E-wallets like PayPal or Skrill often process withdrawals faster than bank transfers or cheque.
– **Minimum Withdrawal Amounts**: There may be minimum withdrawal amounts that you need to meet before you can cash out.
If you’re considering placing a bet with Coral using a free bet, it’s important to read the fine print associated with the offer to understand how and when you can withdraw any winnings. If you’re unsure about the current terms, you should contact Coral’s customer service for the most up-to-date information.