LV BET – Hungarian Grand Prix 2022 Offer

The Hungarian 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 £3.46 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 Hungarian Grand Prix 2022.
  • The promotion is valid from 23:00 on Thursday 28th July 2022 until 22:59 on Sunday 31st July 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 1st 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, ‘Charles Leclerc‘ is available in the ‘Winner‘ market at back odds of 2.20 (6/5). The lay odds are 2.40.

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: £
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 £6.09.

LV BET logo

Place £10.00 on Charles Leclerc @ 2.20 = Potential profit of £12.00

Lay £6.09 on Charles Leclerc @ 2.40 = Potential liability of £8.52


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

OutcomeLV BETBetfairBonusProfit/Loss
Charles Leclerc wins+ £12.00– £8.52£3.48 profit
Another driver wins– £10.00+ £5.96+ £7.50£3.46 profit

So, no matter the outcome, you’ll make a minimum profit of £3.46 on this LV BET offer!

If eligible, your £10.00 bonus will be credited by 16:00 on Monday 1st 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 £3.46 profit on this LV BET offer. *

Got a question?
Leave me a comment below

I usually respond within 24 hours.

Matt Kirman - Matched Betting Blogger

Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.