Looking to increase your potential wins for all of the best sports? Look no further than odds boosts! In this article, we’ll cover everything you need to know about odds boosts. From custom and premade boosts to weeklies, futures, live betting and the potential payouts therein — your guide to enhanced odds starts now.
What are Odds Boosts?
The best and brightest sportsbooks offer boosted odds that increase the payouts for certain bets on specific markets, or games. For example, if the standard odds for a team to win are -110, an odds boost might offer a payout of +120 instead. The boost can apply to a variety of different bet types, including single-game bets, futures, props, money lines, parlays, and point spreads.
Utilizing the right boosts is a fantastic way to increase your potential winnings on one or more bets. By taking advantage of these promotions, you can earn a higher payout than you would with standard odds.
It’s also worth noting that 61.6% of online gambling revenue came from sports betting in 2020 alone and this trend shows no sign of slowing down in 2023. With this in mind, players can rest assured that the world’s best online betting platforms and sportsbooks will continue to roll out a varied range of leading betting incentives and boosted odds.
Some sportsbooks might offer boosts on specific games or matches, while others may tailor their offering to particular players or props. The boost may apply to an outright bet on a signature MLB game, a future on a UEFA qualifier, or over/under betting on an NBA final, etc.
If you’re looking to take advantage of odds boosts, the best place to start is by checking out the offerings at any of our leading sportsbooks. Many online sportsbooks offer regular promotions and boosts for both new and existing players, and you can often find them listed on the platform’s promotions page.
Keep an eye out for these deals and take advantage of them when they align with your betting strategy. This way you can boost your potential winnings and enhance your betting experience.
How Do Odds Boosts Work?
Odds boosts enhance or increase the odds of winning wagers. When a sportsbook offers an odds boost promotion, they’ll increase the odds and payout potential for certain bets, across certain markets or tournaments. These boosts are used to attract new players and retain existing ones, as well as generate excitement around upcoming tournaments and events.
For example, let’s say that a sportsbook is offering an odds boost on an MLB matchup between the Yankees and the Dodgers. The standard odds for the Yankees to win might be -120, but with the odds boost, the payout might be increased to +130. This means that if you place a $100 bet on the Yankees and they win, you would receive a payout of $130, rather than the standard payout of $83, give or take.
Another example can be seen via BetOnline’s boost involving the Atlanta Braves winning the World Series:
In recent years, there have been a number of high-profile boosts that have generated significant payouts for bettors. For example, BetOnline offered a 200% odds boost on Conor McGregor to defeat Khabib Nurmagomedov in their high-profile UFC fight.
The standard odds for McGregor to win were +135, but with the boost, the payout increased to +405. McGregor ultimately lost the fight, but for those who took advantage of the boost, the potential payout was much higher than it would have been otherwise.
BetUS is another sportsbook that has offered some impressive odds boosts in recent years. Not only do they offer BetUs promo codes, but in 2020, they offered a 50% odds boost on a parlay bet that included the Los Angeles Lakers, Los Angeles Clippers, and the Boston Celtics all winning their respective games. The standard odds for this parlay were +350, but with the boost, the payout increased to +525. All three teams ended up winning, resulting in significant payouts for those involved.
Overall, the right odds boost can be a great way to increase your potential winnings on some of the biggest bets. By keeping an eye out for these promotions and taking advantage of them when they pop up, you can potentially earn higher payouts.
What are the Advantages of Odds Boosts?
One of the biggest advantages of better odds is the potential for much bigger returns compared to regular wagers. By increasing the payout odds on winning bets, boosts can deliver significant value to bettors who take advantage of them. This can be especially beneficial for those who are looking to maximize their winnings without increasing their base wager amount.
Another advantage of odds boosts is the ability to cut back on your expenditure, especially if the return is bigger. By placing boosted odds bets, you can win more while betting less. This can be a great sports betting strategy for bettors who are looking to manage their bankroll and minimize risk.
By focusing on bets with boosted odds, you can potentially get better value for your wagers every time you make a selection. This can be especially helpful if you’re able to identify high-value bets and take advantage of boosted odds to increase your potential payouts.
How to Work Out If Odds Boosts Are Valuable?
Understanding the math behind universal sports betting odds and the expected value of higher odds is a surefire way to increase your potential winnings, and it’s vital that you’re able to convert your odds to an implied probability, i.e., the expected value (EV) of a given bet.
To calculate the EV of an odds boost, you’ll need to compare the possible return with the actual odds. For example, let’s say you’re offered an enhanced boost on a moneyline bet for an NBA game. The original odds are -110 but the boost increases the odds to +110.
To calculate the EV, you would use the following formula: EV = (Possible Return x Probability of Winning) – (Wager Amount x Probability of Losing)
For this example, let’s assume you bet $100 using boosted odds. The possible return would be $210 ($100 wager plus $110 profit), and the probability of winning would depend on your analysis of the game. Let’s say you give your team a 60% chance of winning. The probability of losing would then be 40%.
Plugging these values into the formula, we get:
EV = ($210 x 0.6) – ($100 x 0.4)
EV = $126 – $40
Overall EV = $86
In this example, the EV is $86, which means the bet is expected to return $86 in profit for every $100 wagered. If the EV is positive, the bet is considered to present value, while a negative EV means the bet will likely not be profitable in the long run.
By calculating the EV of an odds boost, you can make informed decisions about whether or not to take advantage of the promotion. Keep in mind that this calculation is just one tool for evaluating the value of a bet, and it’s important to consider other factors such as your own analysis of the game, the sportsbook’s reputation, and the promotional Ts and Cs.
Profit Boosts vs. Odds Boosts
While odds boosts are designed to increase the payout odds on specific bets, profit boosts work differently. Instead of adjusting the odds, profit boosts enhance the payout of winning bets by a certain percentage.
For example, let’s say you’re using an NFL betting app to place a $100 bet on a football game with original odds of -110 (1.91 in decimal odds). If you were to receive a 50% profit boost on the bet, the payout on a win would be $150 instead of $110. This is because the profit boost increases the profit by 50%, resulting in a payout of $250 ($100 wager plus $150 profit).
The math involved in calculating the payout with a profit boost is straightforward. You simply multiply the original payout by the percentage of the boost and add that amount to the original payout. Using the example above, the calculation would look like this:
Profit Boosted Payout = Original Payout x (1 + Percentage Boost)
Profit Boosted Payout = $100 x (1 + 0.5)
Overall Profit Boosted Payout = $150
In this case, the profit boost increased the payout from $110 to $150, resulting in a higher potential profit. One important thing to keep in mind when comparing profit boosts and odds boosts is that profit types are typically expressed as a percentage, while odds ones are expressed as odds or payouts.
Ultimately, whether you choose to take advantage of a profit boost or an odds boost will depend on your betting strategy and the specific terms and conditions of the promotion. By understanding the differences between these two types of boosts, you can make informed decisions and potentially increase your overall winning chances.
What are the different Boosted Odds?
The online sports betting sector has been growing exponentially over the last few years and is projected to reach US$7.62bn in 2023. With this in mind, a number of leading US. sportsbooks continue to double down on player incentives including rolling out higher odds in every major market imaginable. Here are some of the different offers that you’re likely to find at industry-leading sports books and betting platforms.
- Daily Boosts: These boosted odds are offered on a daily basis for a specific sport or event. They’re designed to attract new players as well as reward existing ones and will be capped at a certain amount and redeemed within a predetermined time frame.
- Weekly Boosts: Similar to daily boosts, weekly boosts offer enhanced odds on a specific game, tournament, league or event, but run for a longer period of time.
- Super Boosts: Super boosts are typically reserved for major sporting events or matchups, such as the Super Bowl or the World Cup. They offer much higher odds than regular bets and are usually curated and delivered by industry experts.
- Season-long Boosts: Offered over the course of an entire season, these boosts usually apply to specific markets or events. They’re often used to keep players engaged over a longer period of time and may offer rewards or bonuses to those who place a certain number of bets or reach a certain wagering criteria.
- Custom Boosts: Some sportsbooks give players the opportunity to create their own odds, based on specific bets or scenarios. This can be a great way to take advantage of opportunities with the right information and player/team stats at hand.
These are just a few examples of the different types of boosted odds available at one or more leading sportsbooks. Remember to read the terms and conditions carefully to better understand the specific rules and limitations of each promotion.
Best Sports For Boosted Odds
While boosted odds can apply to a variety of sports and events, some sportsbooks may offer varied boosts on certain key markets, leagues and tournaments. Here are some of the best sports for boosted odds.
- Custom Boosts for your team: Some sportsbooks offer custom odds boosts for specific teams or players. For example, if you’re a fan of the Giants, you may be able to create a custom odds boost that applies only to their games or to specific team players.
- Pre-made boosted parlays: A parlay bet involves betting on multiple outcomes in a single bet, with the potential for much higher payouts. Some sportsbooks offer pre-made boosted parlays, which combine several bets with enhanced odds.
- Weekly Boosts on NBA, NFL, MLB, and NHL lineups: Many sportsbooks offer weekly odds boosts on top-tier US league action. These boosts may apply to specific games, teams, or players, and may change from week to week depending on the schedule.
- Live Betting Boosts: Live betting involves placing bets on a game or event in real-time, while it’s happening. Some sportsbooks offer boosted odds on live betting, which enhance the odds across specific live bets to provide greater payouts.
- Futures Boosts: Futures involve betting on the outcome of an event that will take place down the line, such as the winner of the Super Bowl or the World Series. Some sportsbooks offer futures boosts, which enhance the odds on specific futures and offer higher potential payouts.
These are just a few examples of the types of boosts you may come across for different sports. Keep in mind that availability and terms can vary from one platform to another, so it’s always good to read the Ts and Cs carefully before making your selections.
Tips For Boosted Bets
To make the most of the best boosted odds, it’s important to plan ahead and do your research before wagering on the best sports markets. Here are some tips for betting with higher odds.
- Check the terms and conditions of the odds boost promotion to make sure you understand the necessary rules, requirements and rollovers, where applicable.
- Manage your bankroll carefully and set aside a portion to wager with each day. If you find yourself incurring regular losses, step away and start again at another time.
- Know when to use an odds boost. For example, if you’re already winning a bet, adding an odds boost may increase your winnings, but if you’re losing, it’s unwise to chase losses with boosted odds.
- Compare the odds offered by different sportsbooks to find the best value bets.
- Follow sportsbooks and betting experts on social media platforms like Twitter, Reddit, etc., and stay up-to-date on the latest offers.
- Don’t let boosted odds cloud your judgment. Stick to your betting strategy and only place bets that have a high probability of winning.
For further tips and insights, check out this guide where we’ll run through some of the most popular sports betting strategies for 2023 and beyond.
