The Belgian Grand Prix 2022 takes place on Sunday, and LV BET are getting in on the action! Deposit and place a £10.00+ bet on the big race and get a £10.00 sports bonus if your bet loses. Translated into matched betting terms, this gives you a profit of £6.39 and here’s how…
Key terms
- This promotion is only available if you can see the promotional banner or have received the promotion via SMS, email or onsite inbox.
- Applies to single and combi bets placed on the Belgian Grand Prix 2022.
- The promotion is valid from 23:00 on Thursday 25th August 2022 until 22:59 on Sunday 28th August 2022.
- Minimum deposit of £10.00.
- Minimum stake of £10.00.
- Minimum total odds of 1.50 (1/2).
- You’ll receive a £10.00 sports bonus if your bet loses.
- If eligible, your £10.00 bonus will be credited by 16:00 on Monday 29th August 2022.
- The bonus must be wagered 3 times on bets with 2+ selections.
- Minimum odds of 1.25 (1/4) for each individual selection.
- Minimum combined odds of 2.00 (evens).
Qualifying bet
If your qualifying bet loses, LV BET will give you a £10.00 bonus, so you can treat this as a ‘Money Back if Bet Loses‘ offer.
At the time of writing, ‘Lewis Hamilton‘ is available in the ‘Winner‘ market at back odds of 6.00 (5/1). The lay odds are 5.80.
Either exchange works for this offer
Betfair and Smarkets are both great options for this offer. If you’ve not used one of them, now is a great time to give them a try.
- Money back as cash up to £20
- 0% commission for 60 days
You can work out your lay stake using the ‘Money Back if Bet Loses‘ setting on my Matched Betting Calculator. You can enter ‘£7.50‘ as your ‘Cashback’ figure as this is the amount you can expect to convert your £10.00 bonus into, should your bet lose.
As you can see, the calculator tells you that your lay stake should be £9.08.
Place £10.00 on Lewis Hamilton @ 6.00 = Potential profit of £50.00
Lay £9.08 on Lewis Hamilton @ 5.80 = Potential liability of £43.58
Outcomes
Let’s look at your profit/loss for the possible outcomes.
| Outcome | LV BET | Betfair | Bonus | Profit/Loss |
|---|---|---|---|---|
| Lewis Hamilton wins | + £50.00 | – £43.58 | £6.42 profit | |
| Another driver wins | – £10.00 | + £8.89 | + £7.50 | £6.39 profit |
So, no matter the outcome, you’ll make a minimum profit of £6.39 on this LV BET offer!
If eligible, your £10.00 bonus will be credited by 16:00 on Monday 29th August 2022. Bonuses must be wagered 3 times within 7 days of activation, on bets with 2+ selections. Each individual selection must have minimum odds of 1.25 (1/4), and the minimum combined odds must be 2.00 (evens). Please see my ‘Laying Multiples‘ guide for a walkthrough of how to lay multiples.
If you’re unsure how to convert your £10.00 bonus into £7.50 cash (75%), please see my ‘Bonus Rollover‘ guide for a walkthrough.
* Max Verstappen won the race, resulting in a £6.39 profit on this LV BET offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.