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Coral extends horse racing lay to lose guarantee

| 08.09.2015
SPORTSBOOK ODDS

Leading bookmaker Coral has today announced a significant extension to the number of races covered by its guarantee to lay bets to lose a minimum amount in betting shops.

Starting tomorrow, Wednesday 9th, Coral will, from 11am daily in all of its 1800 betting shops, guarantee to lay all bets in good quality horse races (Class 4 and above handicaps, Listed and Group/Graded races in the UK) to lose at least £2,000 per customer, a policy that complements Coral’s TV racing guarantee to lay bets to lose at least £5,000 on all races shown on Channel 4.

“It’s important to reiterate that the overwhelming majority of bets offered up by our customers are laid in full at the prices on offer, but we accept that there is a perception in some quarters that bookmakers are not interested in taking bets to lose larger amounts.  In reality that is simply not the case, but as with our £5,000 guarantee that we introduced a year ago, extending that policy will formalise the procedures in place for our retail customers on a significant number of UK horse races, as well as a selection of high profile international contests,” said Coral’s David Stevens.

“Horse Racing remains an important part of our customer offering, and we have always been very comfortable laying decent bets on higher grade races.  Many punters do not place bets to win the amounts we are dealing with here, but plenty do want to, and to those people, we are saying Coral shops are the place to go,” added Stevens.

“Coral online and mobile customers already receive a number of offers that are unavailable in shops, including best odds guaranteed and ‘free bet if beaten by a head’, but due to the challenges of trading huge volumes of bets in a short space of time on this channel, we are not in a position where liabilities can be monitored and managed sufficiently for us to extend this offer to coral.co.uk customers.  However we are not ruling out extending it to telebet customers at some point in the future,” concluded Stevens.

Coral Lay To Lose Guarantees

To lose at least £5,000 guarantee per customer races: (from 9am) – to include all Channel 4 races.

To lose at least £2,000 per customer guarantee races: (from 11am) – to include all non-televised Class 4 and above handicaps, Listed and Group/Graded races in the UK.

Coral may also offer the £5k & £2k guarantees on other selected UK & International races at our discretion. These guarantees would be advertised in shops on the day of race.

Guarantees available to ALL Coral retail customers. Guarantees apply to the win part of the bet only

 

ENDS

Further Information Contact

David Stevens 07720 400438

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Author

Nicola McGeady

Nicola joined the PR team in January 2013 from Boylesports. Moving across the water from Ireland, she has taken on the role of PR Manager, dealing with all aspects of media activity, as well as taking on the responsibility of a number of the firm's key
partnerships such as At The Races and RUK. Nicola has been in the bookmaking industry for over six years,with a wide range of experience in radio and TV broadcasting, but you can also check out Nicola's lastest blog posts right here at the Coral news site. Like many of her Irish compatriots, Nicola is a huge Manchester United fan, and when not working, she can be found on a tennis court or enjoying the London social
scene.