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Everyone wants higher odds, right? When it comes to sports betting, gamblers are always looking for ways to get the better of the bookies. Every once in a while, sportsbooks help customers by offering odds boosts.
If you’re wondering how boosted odds work and how you can take advantage of these promotions while betting on sports, you have certainly come to the right place. Below, we cover all the ins and outs of odds boosts are share some examples.
What Are Odds Boosts?
As you may have already guessed, an odds boost promotion increases the odds for a game, prop, parlay or other sports wager. Essentially, boosted odds provide a greater potential payout for the same amount of risk.
It could be said that odds boosts are like the sale prices or discounts of the sports betting world. For a short period of time, the bookmaker will offer higher odds for specific bets, giving you the chance to land a juicier payout than normal.
All boosted odds promotions come with terms and conditions, with most sportsbooks limiting the amount of money you can wager. Still, enhanced odds are a great way for sports bettors to make some extra cash.
Why Sportsbooks Offer Boosted Odds
Bookmakers use odds boosts as promotions, serving up higher odds to attract new customers while keeping existing customers happy. Some sportsbooks offer daily odds boosts, while others save them for special occasions.
You are far more likely to see boosted odds promotions for bets concerning major sporting events, such as the Super Bowl and NBA playoffs. Be sure to keep an eye out for enhanced odds when high-profile games come around.
Examples of Odds Boosts in Sports Betting
Let’s say the Boston Celtics are priced at -200 to beat the Chicago Bulls. In normal circumstances, a $20 wager would land you a $10 profit. However, if the sportsbook boosts Boston’s odds to -125, a $20 bet would dish up a $16 profit.
Bookmakers often offer enhanced odds for parlays, too. For example, you might find a boosted three- leg parlay for the Philadelphia Eagles, Kansas City Chiefs and San Francisco 49ers to win on the same day, with the bookie offering odds of +500.
If you created your own parlay with the same teams, you may only get odds of +300. However, if you take advantage of the sportsbooks’ odds boost, you will get a far greater potential return.
Ways to Take Advantage of Boosted Odds Offers
The best way to take advantage of enhanced odds promotions is to join multiple online sportsbooks and check each site regularly. Needless to say, you should only sign up with reliable and reputable bookmakers.
Many sports betting sites have daily odds boosts, giving you the chance to wager on different events. Of course, you don’t have to take advantage of every single boosted odds bet you come across, but it pays to explore all the options.
On top of that, you can also follow bookmakers’ social media accounts to keep up to date with all the latest promotions and bonuses. Many sportsbooks use platforms such as Twitter to let their customers know when odds boosts are available.
