LV BET – Canadian Grand Prix 2022 Offer

The Canadian 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 £3.13 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 Canadian Grand Prix 2022.
  • The promotion is valid from 23:00 on Thursday 16th June 2022 until 22:59 on Sunday 19th June 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 20th June 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, ‘Carlos Sainz‘ is available in the ‘Winner‘ market at back odds of 8.50 (15/2). The lay odds are 13.50.

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.

  • 2% commission for all new signups
  • 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…

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 you that your lay stake should be £5.75…

LV BET logo

Place £10.00 on Carlos Sainz @ 8.50 = Potential profit of £75.00

Smarkets logo

Lay £5.75 on Carlos Sainz @ 13.50 = Potential liability of £71.87

Outcomes

Let’s look at your potential profit/loss for the possible outcomes…

OutcomeLV BETSmarketsBonusProfit/Loss
Carlos Sainz wins+ £75.00– £71.87£3.13 profit
Another driver wins– £10.00+ £5.63+ £7.50£3.13 profit

So, no matter the outcome, you’ll make a profit of £3.13 on this LV BET offer!

If eligible, your £10.00 bonus will be credited by 16:00 on Monday 20th June 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 £3.13 profit on this LV BET offer. *

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £60,000 worth of profit, and made it my mission to make matched betting accessible to everyone.