Newbie - matched betting and cashback question

loves2earn

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Joined
May 9, 2016
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Hello!
I'm new to all of this and am just working my way through the profitaccumulator tutorial and first 2 bets. I have a question that I'm hoping someone more experience can help with please:
So, I get that need to open accounts with both Coral and Betfair and place a £5 bet with Coral to get my £20 free bet. To cancel the £5 bet out I'll also place a £5 lay bet with betfair and make a tiny loss/profit depending on which way it goes.
Betfair are offering £10.50 cashback through Topcashback but you have to deposit and place a £10 bet.
So, if I place a £10 qualifying bet with Coral and a £10 lay bet with Betfair, am I right in thinking the 2 bets would cancel each other out but I'd get £10.50 cashback and then my £20 free bet with Coral? Or, does it have to be a £5 bet with Coral in order to get the £20 free bet?
Would really appreciate expert thoughts on this.
Thank you :)
 

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