The Spanish 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 £6.13 and here’s how…
Key terms
- Applies to single and combi bets placed on the Spanish Grand Prix 2022.
- The promotion is valid from 23:00 on Thursday 19th May 2022 until 22:59 on Sunday 22nd 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 23rd 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, ‘George Russell‘ is available in the ‘Winner‘ market at back odds of 21.00 (20/1). The lay odds are 23.00.
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 £8.81…
Place £10.00 on George Russell @ 21.00 = Potential profit of £200.00
Lay £8.81 on George Russell @ 23.00 = Potential liability of £193.82
Outcomes
Let’s look at your potential profit/loss for the possible outcomes…
So, no matter the outcome, you’ll make a minimum profit of £6.13 on this LV BET offer!
If eligible, your £10.00 bonus will be credited by 16:00 on Monday 23rd 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.
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