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Sports Betting Odds Boost Explained
An odds boost is a special type of sportsbook promotion that can improve the value of market odds and increase your potential payouts. In this comprehensive guide, we’ve looked at how these promotions work, how you can claim them, and some helpful strategies to employ to get the most out of them.
Odds Boost Meaning
An enhanced odds boost is when the payouts on selected bets are increased to reward customers or make the sportsbook platform more favorable. They are typically advertised for high-profile events or popular markets and will see successful wagers pay higher than standard market prices.
For example, a betting site may boost lines for an NFL game between the Giants and the Cowboys, with the odds of the Giants winning increased from +150 to +200. A $100 bet on the Giants would yield a profit of $200 instead of $150 if it was successful. As you can see, the advantage here is that a higher reward is given for the same stake.
Different Types of Odds Boosts
You can find different types of betting odds boost promotions at major sportsbooks. While each operates similarly, they vary regarding when and why they’re offered. Keep an eye out for these offers on your sportsbook’s Promotions page or unlock them through your loyalty scheme rewards program.
Daily Odds Boosts
Daily odds boosts are promotions that enhance your odds daily, so new opportunities arise every day to boost your payouts. These tend to be offered across several sports, events, and markets. Some may offer pre-packed boosted parlays, with enhanced payouts awarded if all legs are successful.
Other sites may offer special boosts on local sports teams during the weekend or prop bets on a particular game, while it’s also possible to find promotions that offer no-vigorish markets, which see payouts marginally increase to pay the entire handle out as winnings.
Special Event Odds Boosts
As the name suggests, a special event or big game odds boost is offered for major sporting events such as championship games or NCAA March Madness contests. These will be advertised as enhanced odds for specific markets related to the game, which not only drives competition but increases bettor excitement.
Seasonal Odds Boosts
Unlike a special event odds boost, a seasonal odds boost promotion will see selected bets enhanced during set periods or playing seasons for leagues or tournaments. For example, this could be a regular MLB season or the Olympics. Alternatively, you may find them offered during entire playoff periods or championship seasons.
Live Betting Odds Boosts
As in-play betting grows in popularity, it is becoming more common to find odds boosts available especially for live markets. As live betting is already fast-paced and thrilling, this increases excitement and winning potential for an array of sports. It’s helpful to opt into this promotion before games begin so you can remain focused on the event.
How to Claim and Use an Odds Boost
You will need to have an sports betting account before you can claim an odds boost. Once you’ve completed registration at the sportsbook, head to your account Rewards page or the Promotions page to find available odds boosts. You may be able to claim by simply opting in, while others may require prerequisites such as making a deposit or recent bet to qualify.
The process of using the sports betting odds boost can vary from site to site. In most instances, you will need to pre-build your wager in the bet slip. There should then be a bet slip option to apply your reward token to the selection. This will enhance the odds automatically. Then, set your stake and confirm the wager.
Odds Boost Strategies
To maximize your potential profits with odds boost promotions, it’s worth adopting a strategic approach. You should only claim odds boosts for markets and sports that you understand. A failure to comprehend how a betting market works is a rookie error that puts you at unnecessary risk.
An odds boost is not worth claiming if it doesn’t align with your skills or passions. For example, if there is a pre-packed parlay odds boost available that only contains markets that don’t interest you or you don’t believe will be successful, it is not wise to use it as you can still risk losing money despite the higher potential reward.
It’s never wise to chase unrealistic profits. If the offer looks too good to be true or requires you to step outside of your careful bankroll management, don’t do it. You also want to fully understand any terms and conditions involved with the bonus, which we will cover further in the upcoming section.
A benefit of this promotion is that it may offer more chances to employ a matched betting odds boost strategy. This involves placing two bets on opposite sides of the same market at two different sportsbooks to take advantage of discrepancies. Utilized correctly, odds boost matched betting can guarantee a profit.
An important note here is that you will want to do this at two different sportsbooks. Backing two sides of a market at the same operator may break the bonus terms and conditions and see both bets voided and, at worst, your account suspended. Use an odds boost calculator to help with your matched betting.
As you become more comfortable with using odds boosts, track your success history and record your strategies. The best sports bettors know how to learn from their activity and adapt their approaches. Remember that odds boosts only enhance potential payouts and do not guarantee a win.
Evaluating the Value of Odds Boosts
Before you claim an odds boost promotion, it’s essential to first read the terms and conditions. Here, you’ll be able to determine the true value of the bonus based on any stake limits and restrictions. Take careful note of which markets are eligible, as some will be limited to specific sports, leagues, or events.
There may be minimum and maximum stake limits. Check that the value isn’t too high to put your bankroll at risk or incur any unnecessary financial risks. There may be wagering requirements associated with the promo too that require you to place a certain number of bets or wager a set amount before it’s available to you.
The validity period will detail how long you have to use the promotion, and it’s likely that you will need to act quickly before it expires. It’s also likely that early cash-outs are restricted when you’re using odds boosts, so take note of these restrictions and any other terms of settlement.
Pitfalls to Avoid
If you wish to get the most out of your odds boost, there are several common mistakes that you can avoid. As we’ve mentioned again, it’s essential to read any terms and conditions before claiming a bonus. If you fail to do so, you may put your funds at risk or void the promotion entirely by making an avoidable mistake.
Never use odds boosts to chase losses, as there are still financial risks involved with these promotions. Be wise not to misjudge the value of a market just because it has enhanced odds, as you may simply be improving odds for a market that is nearly doomed to fail.
Pros & Cons
There are plenty of advantages to claiming odds boosts. The clearest benefit is that you can increase your potential profits on markets you were going to back anyway. They can also add plenty of excitement to your bets, and give you more opportunities to take advantage of the matched betting strategy.
As for the disadvantages, the use of odds boosts may result in bettors becoming lazy and ignoring the research process. This can lead to poor decision making. Bettors should be wary to not bet on unlikely markets solely to use this promotion as they do not guarantee a profit.
Using Odds Boosts on Certain Sports
Depending on the odds boost betting site you have signed up with, these promotions will vary in their scope. This can relate to special partnerships that sites have with sports leagues or other products that they’re trying to promote such as live betting. These will also vary seasonally. The following are some common sports that can be odds boosted.
NFL
The NFL sportsbook promotional odds boosts tend to offer enhanced prices on point spreads, player props, or total points. It’s also possible to find them for pre-built parlays that include player props. Keep an eye out for odds boosts during special events such as the playoffs and Super Bowl.
NBA
Like the NFL, you will commonly find NBA odds boosts for wagers on point totals and player props, with moneylines also being common. Depending on your chosen sportsbook, you should have regular opportunities to enhance your odds during the NBA regular season and playoff games.
NHL
In NHL sports betting, boosted odds promos revolve around markets such as moneylines, total goals, or player props. It’s common for sportsbooks to pre-packaged special parlays for the NHL to involve player props in particular. Some sportsbooks will offer no restrictions on the leagues at all, making NHL a regular boosting opportunity.
MLB
Sites that have officially partnered with the Major Baseball League are renowned for providing exciting odds boosts. Typically markets include run lines, total runs, and player props. You will find these for regular season games and for teams that are local to where your sportsbook is licensed.
Other Sports
It’s common to find boosted odds during regular seasons and special sporting events for sports such as soccer, tennis, and golf, whether they be for match outcomes, player performances, or totals. This ensures that players with broad tastes in betting can see boosted payouts in the case of success.
Difference Between Odds and Profit Boosts
Another common promotion type is a profits boost, which is similar to an odds boost in that profits can be enhanced when a wager is successful. In the case of odds boosts, these usually are limited to highlighted markets or events regardless of the stake.
Profit boosts, on the other hand, simply increase the overall payout of a winning wager by a set percentage. For example, a 10% profit boost on a $100 winning bet would result in a $110 payout. These promotions are more likely to have certain wagering requirements and minimum odds requirements than odds boosts.
FAQ
How does an odds boost work?
An odds boost is a special promotion that enhances the odds on select markets and events, resulting in increased potential profits. These are often available as return customer promotions. There are four main types of odds boosts: daily boosts, special events boosts, seasonal boosts, and live betting boosts.
Is using odds boost a good strategy in sports betting?
There are plenty of times when using an odds boost is a great strategy in sports betting. For example, they are always worth claiming when they are for markets or events you were going to back anyway as you’ll see increased returns for the same stake. There are certain strategies that also hold greater risk but could lead to a potential high payoff.
What are the types of odds boosts available at betting sites?
Odds boost options include daily boosts, seasonal boosts, special event boosts, and live betting boosts. It’s also common to find parlay boosts, whereby pre-built parlays have enhanced payouts. To use an odds boost, you simply need to build a qualifying bet and apply the boost token in the bet slip.
Do odds boosts work with specific sports?
This will depend on your sportsbook and the specific betting promotion. It’s common to find odds boosts for the NFL, NBA, MLB, and the NHL, with different markets eligible for the boost tokens. Other popular sports for boosting odds include soccer, golf, tennis, and MMA. Keep an eye out for boosted odds during major events such as playoff games or tournaments.
Conclusion
When used correctly, odds boosts provide bettors with a unique opportunity to increase their profits on the same valued stake. There are several sportsbooks that regularly offer these to returning players, with plenty of major US league markets eligible to be boosted. You can find boosts for everything from single moneylines to live betting parlays.
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It’s important to note that the true value of betting promotions can be found by reading the terms and conditions. It’s also essential to create a betting budget and stick to it. An odds boost is only effective if it is on a successful wager, so it’s not wise to take unnecessary risks or forego the research process.