The Saudi Arabian 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 us a profit of £4.07 and here’s how…
Key terms
- Applies to single and combi bets placed on the Saudi Arabian Grand Prix 2022.
- Promotion runs from 23:00 on Thursday 24th March 2022 until 22:59 on Sunday 27th March 2022.
- Minimum deposit of £10.00.
- Minimum stake of £10.00.
- Minimum total odds of 1.50 (1/2).
- If our bet loses, LV BET will give us a £10.00 sports bonus.
Qualifying bet
If our qualifying bet loses, LV BET will give us a £10.00 bonus, so we 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 2.75 (7/4). The lay odds are currently 3.00.
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.
- Money back as cash up to £20
- 0% commission for 60 days
We can work out our lay stake by using the ‘Money Back if Bet Loses’ setting on my Matched Betting Calculator. We can enter £7.50 as our ‘Cashback’ figure as this is the amount we can expect to convert our £10.00 bonus into, should our bet lose…
As you can see, the calculator tells us that our lay stake should be £6.71…
Place £10.00 on Charles Leclerc @ 2.75 = Potential profit of £17.50
Lay £6.71 on Charles Leclerc @ 3.00 = Potential liability of £13.42
Outcomes
Let’s look at our potential profit/loss for the possible outcomes…
| Outcome | LV BET | Betfair | Bonus | Profit/Loss |
|---|---|---|---|---|
| Leclerc wins | + £17.50 | – £13.42 | £4.08 profit | |
| Another driver wins | – £10.00 | + £6.57 | + £7.50 | £4.07 profit |
So, no matter the outcome, we’ll make a minimum profit of £4.07 on this LV BET offer!
If eligible, our £10.00 bonus will be credited by 16:00 on Monday 28th March 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 £4.07 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.