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.

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…

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…

Outcome LV BET Betfair Bonus Profit/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.

Get this offer at LV BET



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