British Grand Prix 2021 Offer – Novibet

£2.86
Guaranteed Profit
£2.87
Actual Profit

The British Grand Prix 2021 takes place at Silverstone on Sunday and Novibet are getting in on the action! Place a £20.00+ single bet on the British Grand Prix and Novibet will give us a £10.00 free bet. Translated into matched betting terms, this gives us a guaranteed profit of £2.86 and here’s how…

Key terms

  • Applies to single bets on any Formula 1 – British Grand Prix market.
  • Minimum stake of £20.00.
  • Minimum odds of 1.70 (7/10).

Qualifying bet

If you’d like more information about qualifying bets and how they work, please see my qualifying bets guide.

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

At the time of writing, Lewis Hamilton is available at back odds of 2.45 (29/20) and lay odds of 3.25.

Either exchange works for this offer

We can calculate our 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 us that our lay stake should be £15.17…

Novibet logo

Place £20.00 on Lewis Hamilton @ 2.45 = Potential profit of £29.00

Betfair logo

Lay £15.17 on Lewis Hamilton @ 3.25 = Potential liability of £34.13

Outcomes

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeNovibetBetfairProfit/Loss
Lewis Hamilton wins+ £29.00– £34.13£5.13 loss
Another driver wins– £20.00+ £14.86£5.14 loss

So, no matter the outcome, we’ll lose a maximum of £5.14 in qualifying for our £10.00 free bet.

Free bet

Our £10.00 free bet will be credited within 24 hours.

Using straightforward matched betting, we should be able to convert our free bet into 80% cash, so £8.00. If we take into account our maximum qualifying loss of £5.14, this gives us a guaranteed profit of £2.86 on this Novibet offer!

* Lewis Hamilton won the race, resulting in a profit of £2.87 on this Novibet offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £50,000 worth of profit, and made it my mission to make matched betting accessible to everyone.