LV BET – British Grand Prix 2022 Offer

LV BET - British Grand Prix 2022 Offer

The British 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 £3.83 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 British Grand Prix 2022.The promotion is valid from 23:00 on Thursday 30th June 2022 until 22:59 on Sunday 3rd 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 4th July 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 3.00 (2/1). The lay odds are 3.50.

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…

As you can see, the calculator tells you that your lay stake should be £6.47…

LV BET logo

Place £10.00 on Charles Leclerc @ 3.00 = Potential profit of £20.00

Lay £6.47 on Charles Leclerc @ 3.50 = Potential liability of £16.17

Outcomes

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

OutcomeLV BETBetfairBonusProfit/LossCharles Leclerc wins+ £20.00– £16.17£3.83 profitAnother driver wins– £10.00+ £6.34+ £7.50£3.84 profit

So, no matter the outcome, you’ll make a minimum profit of £3.83 on this LV BET offer!

If eligible, your £10.00 bonus will be credited by 16:00 on Monday 4th July 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.

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Author: Tamara Kim