There’s a big weekend of sporting action to look forward to and you don’t want to miss this LV BET Money Back Special! Simply place a combi bet via the LV BET mobile app and if it loses, LV BET will refund your stake as a bonus, up to a maximum of £10.00. Translated into matched betting terms, this gives us a guaranteed profit of £6.27 and here’s how…
Key Terms:
- Minimum stake of £10.00.
- We must place a combi bet via the LV BET mobile app, with final odds of 2.00 (evens) or greater.
- Qualifying bets must be placed between 11:00 on Thursday 2nd May 2019 and 22:59 on Sunday 5th May 2019.
- If our combi bet loses, LV BET will give us a £10.00 bonus back.
The Strategy:
There are a few ways we can play this offer. By using straightforward matched betting, we should be able to extract around £9.00 cash (90%) from our £10.00 bonus.
We therefore just need to minimise our qualifying loss from the combi bet.
Option 1
We could treat this as a speculative offer and let the combi bet run without laying. We know we’ll be able to recoup £9.00 cash from the bonus, so the combi bet is effectively only costing us £1.00 and we could win big.
Option 2
We could find a couple of football matches that don’t overlap and lay each leg sequentially using the Sequential Lay Calculator.
We should be able to minimise our qualifying loss and if our combi bet loses, we’ll be able to extract a nice profit from the £10.00 bonus.
Option 3
Smarkets and Betfair both offer accumulator markets on busy football days, so we could simply match one of their doubles/trebles at LV BET with a straightforward back and lay as explained in the following example…
Qualifying Bet:
At the time of writing, Smarkets have West Ham, Wolves and Bury all to win at lay odds of 6.20.
The same three teams are back odds of 5.49 at LV BET.
We can calculate our lay stake using the ‘Risk-Free Bet‘ setting on my matched betting calculator. We can enter £9.00 as our ‘Cashback‘ figure as this is the amount we can expect to extract from our £10.00 bonus, should our combi bet lose…
As you can see, the calculator tells us that our lay stake should be £7.43…
Place £10.00 on West Ham, Wolves & Bury all to win @ 5.49 = Potential profit of £44.90
Lay £7.43 on West Ham United, Wolverhampton Wanderers & Bury all to win on Saturday, May 4th @ 6.20 = Potential liability of £38.63
Outcomes:
Let’s have a look at our potential profit/loss for the following outcomes…
| Outcome | Bookie | Exchange | Extracted | Profit/Loss |
|---|---|---|---|---|
| Combi bet wins | +£44.90 | -£38.63 | £6.27 profit | |
| Combi bet doesn’t win | -£10.00 | +£7.28 | +£9.00 | £6.28 profit |
So, regardless of the outcome, we’ll make a guaranteed profit of £6.27 on this LV BET offer!
If eligible, our £10.00 bonus will be credited within 48 hours. Bonuses must be wagered three times (3x) at odds of 1.75 (3/4) or greater within 30 days.
If you’re unsure how to extract £9.00 cash (90%) from the £10.00 bonus, please see my Bonus Rollover Strategy page for a walk-through guide on how it should be done.
* Bury were the only team not to win their respective fixture, resulting in a profit of £6.28 on this LV BET offer. *
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Matt Kirman – Matched Betting Blogger
Since 2014, I’ve blogged over £90,000 worth of profit, and made it my mission to make matched betting accessible to everyone.