Boosted Sports Betting Odds
What you need to
know about boosted sports betting odds.
Key Points
– One of the most
overlooked sportsbook bonuses is enhanced sports betting odds.
– Boosted sports
betting odds takes on many different forms.
Boosted
Sports Betting Odds
There are some bets
where sportsbooks will increase the potential payout. They boost the odds in
the bettor’s favor by effectively taking out some of the juice. This, of
course, is passed on to the bettor if the bet is a winner.
These boosted sports
betting odds are becoming more prevalent in the industry. Sportsbooks are using
them for a variety of reasons. It’s similar to the use of risk-free bets. Sportsbooks want
more business.
In this post, we
describe how to maximize an odds boost and how these boosted sports betting
odds work.
Why The
Boost
Increased odds are
comparable to a discount or sale price. It’s just like going to the grocery
store and getting 50 cents off here or a dollar off there.
At a sportsbook, you
might find specific bets at increased odds for a limited time. You can go to
pretty much any sportsbook and find their current promotions. Note that these
boosted sports betting odds come in many different formats.
Increased odds imply
less risk for the same reward or, depending on your preferred perspective, the
same risk for a greater reward. Sportsbooks occasionally just take the vig, or
juice, out of a betting line. For example, when betting NBA point spreads, you get an
even money bet instead of paying -110.
For new gamblers,
enhanced odds are a great way to experiment with betting at more desirable odds
on various bet types and events. Even though no promotion will make you rich,
boosted odds do have real value. An increase in the odds will typically result
in a 10 to 40 percent profit increase.
Sportsbooks may set
lower wagering thresholds for these promotions because odds boosts always
change the odds in the bettor's favor. Remember, sportsbooks are always looking
to make money, not give it away.
RELATED: HOW TO BET THE NBA ROOKIE OF THE YEAR
Same But
Different
Sportsbooks will
also occasionally change the point spread to increase the possibility of an
underdog covering. Bettors can find situations like this at some sportsbooks
where the book will offer the same odds on the better point spread. If you bet
against the favorite, changing the point spread will increase your chances of
winning without changing your potential payout.
Everyone enjoys a
good deal, but it's crucial to make sure you're getting a good product. Bettors
should always conduct their own handicapping before placing a bet. Do your
research first, then go with the smart betting decision.
When you find a
promotional line you like, move quickly because betting sites typically only
offer boosted sports betting odds for a short period of time. If you’re finding value in CFL odds for example, when a
sportsbook offers enhanced odds jump on it ASAP. Don’t forget, some sportsbooks
will only offer other promotions rather than odds boosts.
Sports
Betting Odds Boosts to Look For
Enhanced betting
odds promotions come in a variety of shapes and sizes. The bottom line is that
all of them increase your potential payout. Here are a few examples to look
for.
● Daily odds boosts
● Boosted odds on special events like the Super Bowl
● Season-long boosted odds
The first two
categories are common and pretty easy to understand. Long-term boosted odds are
a little more difficult to find. For instance, in 2019, a prominent sportsbook
went juice-free on all NFL point spreads. Every single NFL point spread bet
that season had zero juice.
A quality online
wagering portal will help any bettor locate the best odds,
lines, and much more.
Some sportsbooks
have done “No Juice Saturday” where the book provides even money odds on point
spread bets. The catch is that all bets have to be placed between Friday at 6
p.m. ET and Sunday at 1 a.m. ET.
Finding
Enhanced Odds
Among the most
popular promotions in the fiercely competitive US sports betting market are
enhanced odds. Most reputable online sportsbooks offer odds boosts, which are
frequently used to highlight popular events taking place that day or night.
Sports bettors may
need to "opt-in" before placing their bets, but odds boost promotions
rarely call for a promo code.
Bettors can find
sportsbooks that offer the highest boosted odds. Most books will offer some
sort of odds boost at least on a weekly basis. Many do it daily. Bettors must
shop around to find the best prices.
Smart bettors can
find enhanced odds on prop bets and parlays at most any sportsbook. The trick
is finding books that offer boosted odds on straight bets and for a variety of
sports.
There are
sportsbooks out there that will offer ridiculous promotions like the “On the
House Denver Booster.” This was done by a prominent sportsbook during the 2020
NFL season. It was about as close to free money as you can get in the sports
betting world.
Just so you know,
the largest victory margin in NFL history is 59 points, and in the Super Bowl
era, a team has only won by more than 50 points 15 times. Even though the
maximum wager for this promotion was only $20, sports bettors still easily won.
In the end, Kansas City won 22-16, so Denver covered the spread whether or not
the booster was used.
Overview
of Sportsbook Bonuses
To make some lines
more alluring, sportsbooks offer boosted odds on a variety of occasions and
wager types. Of course, a boost in the odds alone does not guarantee a winning
wager. Even when boosted, you should still do your own handicapping first. Be
extremely careful if you are considering parlays or other exotic bets with
boosted odds. If you don’t know how to bet football parlays, for example, you might be better off
staying away.
To make sure you
don't miss any particularly tempting lines (like the Denver Booster), you
should check various sportsbook promotions every day you plan to bet. The
promotion that is often overlooked is the enhanced odds promo. It’s one that
smart bettors can take advantage of on a daily basis.
