What Are Odds Boosts?
Odds boosts are exclusive to sports betting as this is when a sportsbook increases the payout for specific types of sports bets such as a moneyline bet, a point spread bet, a totals (over/under) bet, or a select prop and/or parlay bet. Odds boosts are offered so that sports bettors receive special odds for select bets and in turn may be able to increase their potential profit as a result of the increased odds.
Below, we look at an example of how a sportsbook may market an odds boost bet to you as a customer:
In this example, you can see the sportsbook is offering an NBA odds boost bet for a particular prop bet centered around the number of 3-point field goals made within the first 3 minutes of the game. The standard odds were set at -110, however, the sportsbook opted for an odds boost, which increased the odds to +125. Therefore, a bet at +125 will net more winnings if the bet hits – simple to understand, without having to use an odds boost calculator!
How Do Odds Boosts Work?
In short, odds boosts mainly serve as a promotional tool for sportsbooks to help attract customers to wager at their sportsbook. That said, this doesn’t mean any sort of enhanced odds are meant to be predatory or intended to trick you. What you see is what you get – odds boosts are increased odds, which may result in more winnings if the bet is successful.
The ins and outs of odds boosts are fairly simple to understand. First and foremost, the sportsbook selects a particular game and bets and/or multiple bets. Again, the example above of the NBA enhanced odds pertained to an individual prop bet but the odds boosts promo can apply to just about every bet type across all sports.
Next, the sportsbook will determine the increased odds and showcase the difference. These odds will typically be posted on the day of the event but you may see an extended promotion for particular bets. For example, odds boost for future bets may run longer than 24 hours.
To take advantage of a sportsbook’s odds boosts promotion, you simply select the enhanced odds promotion, enter your wager amount, and wait until the bet is graded to see if you win or not.
Again, the main value of odds boosts is the potential large winnings. In the past, there have been several sports bettors who were able to cash big on enhanced odds bets and you too could do the same. For instance, many sportsbooks are offering enhanced odds for Victor Wembanyama to win the 2023-2024 NBA Rookie of the Year. NBA odds boots such as these are fairly common and oftentimes have tremendous value.
What Are the Advantages of Odds Boosts?
The popularity of online sports betting has continued on an upward curve in recent years, with the global sports betting market expected to gain market growth in the forecast period of 2023 to 2030. Therefore, it is no surprise to see a wealth of sportsbooks flashing their prices to get your custom, including the advantageous enhanced odds.
An odds boost calculator will show any sports bettor that these boosts offer a number of advantages, including increasing your potential profits. Below, are a few key advantages of enhanced odds.