LV BET – Miami Grand Prix 2022 Offer

The Miami 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 £3.94 and here’s how…

Key terms

  • Applies to single and combi bets placed on the Miami Grand Prix 2022.
  • The promotion is valid from 23:00 on Thursday 5th May 2022 until 22:59 on Sunday 8th May 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 9th May 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, ‘Sergio Perez‘ is available in the ‘Winner‘ market at back odds of 10.00 (9/1). The lay odds are currently 14.00.

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 by 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 £6.62…

LV BET logo

Place £10.00 on Sergio Perez @ 10.00 = Potential profit of £90.00

Betfair logo

Lay £6.62 on Sergio Perez @ 14.00 = Potential liability of £86.06

Outcomes

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

OutcomeLV BETBetfairBonusProfit/Loss
Perez wins+ £90.00– £86.06£3.94 profit
Another driver wins– £10.00+ £6.48+ £7.50£3.98 profit

So, no matter the outcome, you’ll make a minimum profit of £3.94 on this LV BET offer!

If eligible, your £10.00 bonus will be credited by 16:00 on Monday 9th May 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 £3.98 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.