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Sports bettors have never used the word “Odds Boost” until years ago a sportsbook operator introduced the term as a new type of wager and since many others have followed offering their players boosted odds. Popular around the globe, betting sites use a variety of methods to offer you boosted odds, and some offer these promos for a limited time only. Let’s find out more about the benefits of boosted odds, why sportsbooks offer them and why you should make use of odds boost offers.
Boosting your odds when placing a bet is an excellent way of increasing your winning chances. To boost odds when betting means that you are improving payouts for a certain outcome.
The rationale behind sportsbooks boosting odds is simply to increase player engagement and reward players for their loyalty.
In addition, by highlighting boosted odds, sportsbooks can also sell the event they want the bettor to bet on and make it look like it is a bargain that you do not want to miss out on. And yes, it can be a considered a ‘sale’, but do your due diligence. As sportsbooks don’t usually show the previous and updated odds in the offer, what you want to do is compare the new odds with those offered at other sportsbooks.
There are also sportsbooks that offer ‘odds boost tokens’, which you can apply yourself on a bet that you prefer. These tokens can range from boosting your odds by 10% to even 100% in rare occasions. Always read the terms & conditions that apply to the odds boost when you are offered one, there can be minimum odds of for example 1.50 associated with and even limits on winnings. Sometimes you can use them only on multiple bets. Examples of sportsbooks offering these tokens are bwin and Draftkings.
Sportsbooks also use make use of odds boosters and tokens to bypass regulations in certain markets that they operate in. Not being allowed to offer bonuses or even mention the word bonus in jurisdictions, sportsbook had to be creative to bypass these limitations on their promotions. A good example of using odds boost token to evade license requirements is operator bwin which in Belgium is not allowed to of offer Belgian players a deposit bonus. Instead bwin occasionally offers its Belgian players a 100% odds boost token when making a (first) deposit. A 100% odds boost token that can be wagered without a restriction on minimum odds is effectively a 100 % deposit bonus.
Odds boosts are undervalued by many bettors who generally would rather see a good deposit bonus or receive free bets. Nevertheless, the opportunity to boost your odds should not be frowned upon. A sportsbook is basically giving away free money with an odds boost and instead of offering the bet with a profit margin (usually 5-10% included in the odds), you turn it into a loss for them by using an odds booster.
Odds boost bets almost always represent good value and turn single bets in your favor. Looked at from a purely mathematical position, odds boost bets are profitable in the long run, because you are getting better returns to your investment than you should. You are practically beating the odds. However, for a certain bet to also turn into profit, you must pick the winning outcome of course. As beforementioned, prior to taking the advertised odds booster, always double check if the odds are significantly better than with other bookmakers.
When after comparing the new odds with odds on other sites, your odds boost offer has proven to be good value, you should make use of it.
Whenever you receive an odds boost token that you can use in the way you want to, you should always take any odds boost offers that come your way. To maximize the value of the odds boost, considering the requirements that come with the offer, pick a bet with the lowest odds or in other words the favorite. If the odds boost can only be used in a multiple bet or accumulator, combine the favorites, and then apply the odds booster.
Odds boost and profit boost are often used interchangeably and refer to the same. By boosting your odds, you also increase your chances of making a good profit on your bet.
While you can find odds boost calculators online, you do not need necessarily need one when you wish to find out the % boost that is given. Whether you compare the newly offered odds with the old odds of your sportsbook, or if you wish to compare the odds with another sportsbook, you use the same formula. With your odds noted in the European (decimal) format you can calculate with the following formula:
((new odds / old odds) – 1) * 100%
More information on how to convert American odds or British (fractional) odds to decimal odds can be found here.
Today, tomorrow and every day after, you will be able to find an odds boost offer. To make sure you will not miss out and find the best odds boost offers today, sign up with multiple sportsbooks. At iGaming.org we recommend award-winning Stake.com, which accepts regular currencies like EUR and USD, but also cryptocurrencies like Bitcoin and Ethereum. Another Crypto Sportsbook is Sportbet.ONE, where you get a risk-free bet of $50 when registering. For a top US Bookie, you can sign up with BetUS.
It is also helpful to locate the best daily offers, by visiting sites that compare different odds offered by sportsbooks.
Both Draftkings and bwin offer odds boost tokens for you to increase your chances of a good profit. Prior to using the tokens, always read the rules on how to use the specific token. Things to consider are:
Using an odds boost token on Draftkings works similar to that on bwin. After adding your bet to your bet slip, the option will appear to add a boost. On Draftkings this is visualized by the ‘Bonus Available’ section where you can select your boost. With bwin the option to apply your odds boost will automatically appear for you to click on, once you have created a betslip.