A growing body of sports betting promotions at any given bookmaker is huge. The websites continually try to come up with new ways to compete with other sportsbooks and provide an unbeatable experience for their users. Thus, in addition to standard solutions and classic deposit bonuses, they often offer boosted odds to engage bettors.
Use this guide to learn what odds boosts are, how to spot valuable offers and take the most advantage out of them.
Defining Odds Boosts
Odds boosts simply allow bettors to get more value with the same amount of risk involved. To put it differently, such betting promos create a situation in which using them properly may result in positive expected value, often eliminating the margin that bookies charge to take a particular bet.
Typically, odds boosts will relate to a single market on a single bet type and can be anything ranging from moneyline or total bets to various parlays and prop bets. Apart from that, most sportsbooks have other rules for using these profitable promos.
Given Markets Only
Firstly, when it comes to simple side wagers, such as moneyline or spread, you can only take one side with boosted odds. Let’s say you see the bet Aaron Rodgers to rush for a touchdown is boosted from +400 to +700. This way, there is no option to take him not to rush for a touchdown at increased odds.
Stated Wagering Limits
Secondly, odds boosts usually imply lower wagering limits, ranging from $50 to $250, as bookmakers don’t want to risk being exposed by massively large stake amounts on +EV bets. They ultimately look to draw bettors in with enticing wagers that favor the house.
Allowed Betting Types
Finally, many betting platforms only increase the odds on longshot wagers, including parlays or prop bets that have low chances to hit. Even though these odds are in theory better than you would get at other bookies, they are still often difficult to win.
Finding the Best Boosted Odds
Increased odds are a fairly standard promotion these days, which can be easily found on virtually all major betting websites. More so, the process of finding and activating odds boosts is pretty much the same, no matter what platform you choose to play.
However, it is worth noting that not every bookmaker has the same name for this promo. For example, GG.BET is one of the betting sites that offers odds boosts only for some markets. Here is how to find this promo on the ggbet website:
- Go on to the site or download/open the app of this sportsbook.
- Sign up or log in to your gaming account.
- Read the terms and conditions with odds boosts.
- Browse through all boosted markets and click the one of your interest.
- Decide on possible risks and set the affordable wager amount.
- Place your bet on the odds boost like you would any other bet.
As you can see, odds boosts can be a great way to generate extra cash value if used in the right way. So, before heading on to boosted markets, make sure to consider all the rules attached to a particular boost to determine if it is worth buying into.
Identifying Valuable Odds Boosts
Implied probability and statistical research are two key components you need to understand when it comes to identifying the best boosted odds in sports betting. Let’s take a closer look at each of them.
Implied Probability
This piece of information converts betting odds into a percentage of a certain event occurring. For instance, a 4/1 wager is expected to hit one in every five attempts. Therefore, the implied probability is 20%. Another example can be a moneyline bet with -200 odds. It has an implied probability of 66.7%, which in turn means that there is a 66.7% chance the favored team with -200 odds will win the match.
To get the implied probability for a particular game, you can use any sports odds converter and enter any form of odds (Fraction, Decimal, or American).
Statistical Research
Odds boosts can also work to your advantage when you dedicate some time to doing a little research. This way, you can start by simply going through player or team statistics to get more data on how they are performing at the moment.
Let’s say there’s a boosted prop odds on Patrick Mahomes passing 250+ yards in a particular match. It’s a good idea to look through the performance from his last five games to get a better idea of how often he totals over 250 yards.
If the boosted prop has 60% implied probability, and Patrick works out to four out of ten games where he hits 250+ yards, this increase in odds probably has much risk involved.
