The online sports betting landscape in the United States continues to evolve as more and more states join the industry. Platforms in states where sports betting is legal like New Jersey and Pennsylvania are always looking for amenities to offer players and in reality, there is a laundry list of benefits that comes from using online sports betting sites to do your wagering.
The most common promotions like welcome bonuses, opt-in promotions, risk-free bets, and parlay insurance among others have become wildly popular for good reason. One of the newer and more attractive options is the opportunity to have your odds and potential payout increased on certain bets in what sportsbooks refer to as “odds boosts” on their sites.
Odds Boost is a simple promotion that top sports betting sites provide for their customers. The term was introduced a while ago in the UK but now it’s available at multiple US sportsbooks in the states where sports betting online is legal. An odds boost or price boost promotion is when odds for a game or prop bet are increased on certain wagering opportunities.
What does this mean exactly? Luckily, it’s actually quite easy to understand. We’ll go through everything you need to know in order to take advantage of odds boosts that your sportsbook may be offering.
The term is actually pretty self-explanatory. Online sportsbooks with odds boosts are offering increased odds (which equals more favorable payouts for the bettor) on a select number of markets for a given game or sport. Specific wagers are chosen or created by the site and the odds are boosted from their original position to offer the player a high amount of potential winnings.
Odds boosts are generally used as a promotional tool for sportsbooks to advertise the most important games of the day across a variety number of sports and leagues. Oftentimes these wagers involve one or multiple markets and are very commonly made up of props, although the moneyline, spread or total of a game can also be involved. Below is a perfect example of a FanDuel odds boost offered among NFL betting lines:
These bets sometimes combine multiple props or categories from the same game into bets that players cannot wager on without taking advantage of the promotion, creating markets that are specific to the odds boost section of the site.
In this example, earning a payout means two things need to happen: Packers QB Aaron Rodgers must throw for three touchdowns and Green Bay must win the game. The original odds of +380 have been upped to +415, earning an extra $35 for every $100 you put down.
Aside from the obvious advantage of getting an increased payout, there’s another benefit to betting on markets with odds boosts.
In giving you those enhanced odds, the sportsbook is largely negating the house edge that’s built into every bet by offering more favorable odds than you’d normally receive.
Odds boosts are offered at a wide range of sportsbooks in states where betting is legal. What began in New Jersey and Pennsylvania has spread into new territories like West Virginia and Indiana, with plenty of other states on the horizon in 2020.
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Taking advantage of this feature while using online sportsbooks isn’t an exact science since there’s really no way of knowing what will be offered ahead of time.
Odds boosts are only provided for a few markets and unfortunately, bettors don’t get to select which ones. This means that on some occasions, you may not be interested in what’s being offered. Still, you don’t want to be left out when there’s a can’t-miss offer on the table so best thing to do is to check online sports betting apps each day and compare what’s being offered.
Some odds boosts that sportsbook craft link together multiple events from one team into the same wager and there’s a correlation to be made between the two things. The below example from FoxBet is one example:
If you’re of the feeling that Matthew Stafford can go over 300 yards passing, there is a correlation to Marvin Jones accounting for at least 100 receiving yards. As one of Stafford’s top targets, there’s reason to believe Jones could play a huge factor in Detroit’s passing offense.
Keep an eye out for traditional parlays with boosted odds. Bettors love the low-risk, high-reward nature of these bets and sportsbooks negating their edge on parlays could mean dramatically increasing your payout.
This parlay from FanDuel links together three of the best college football teams in the nation against the spread for a healthy boosted payout of almost seven times your investment. The only downside is not choosing the teams involved in the parlay, but the increased value is there.
The odds boost section of online betting platforms features creativity and one-of-a-kind bets you can only find at that part of the site.
The odds boost section is constantly keeping things fresh with new wager types for bettors. Take the below wager built around a Week 6 Monday Night Football Game from FanDuel Sportsbook. It’s an exclusive bet that involves both quarterbacks and the total points for the first half and it actually hit for a pretty large +650 payout:
Granted, some luck is involved in winning in a bunch of seemingly random markets including an odd/even win total, but it’s evidence of the growing amount of creativity in ideas that sportsbooks are coming up with.
While many sportsbooks have offers, they’ll oftentimes vary a little bit from site to site. We’ve already seen markets offered by some sportsbooks like FoxBet and FanDuel, but let’s take a look at a few more examples provided by some of the best-known PA and NJ online sports betting platforms in the industry:
DraftKings NJ boasts one of the most wide-ranging odds boosts sections of any betting site and can be relied upon to have multiple options every day. Whether it’s a massive payout for a one-of-a-kind NHL betting market like the one above or a multi-event prop wager for an MLB playoff game, DraftKings has you covered from an odds boost perspective.
PointsBet NJ is a platform known for its inventiveness when it comes to creating new sports betting markets and we have some great examples here. On any given day, the site can feature odds boosts across multiple markets offering props, team totals, and even bets that combine a player prop event and the game result into a parlay-style bet.
As we noted in our odds boost tips section, this feature is used by sportsbooks to offer increased value on parlays. At SugarHouse PA, players can find boosted odds parlays for multiple sports including football, basketball, and hockey.
If you take action on a boosted odds wager, you’re getting some of the fairest value the site has to offer across all markets. When dealing with a parlay, you can be gaining even more since sportsbooks generally hold a huge edge on exotic bets.;
These are just some examples across a two-day period, but there are many more sportsbooks and odds boosts offered across most betting sites and a wide range of leagues throughout the entire sports calendar year.