Trade Ninja “EXPLAINED” series aim to help explain some popular Betting / Trading terms/areas.
Odds boosts, also known as enhanced odds or price boosts, are promotional offers provided by bookmakers in the betting industry. They are designed to attract bettors by increasing the odds for specific markets or events.
Here’s how odds boosts work:
Enhanced odds: Bookmakers select specific markets or events and enhance the odds for those selections. For example, if a football match between Team A and Team B has regular odds of 2.0 for Team A to win, the bookmaker might offer an odds boost of 2.5 for Team A to win instead.
Promotional periods: Odds boosts are usually offered for a limited time during promotional periods. They may be available for popular sports events, major tournaments, or other significant matches.
Increased potential winnings: The purpose of odds boosts is to provide bettors with the opportunity to win more money if their bets are successful. By increasing the odds, the potential payout for winning bets is higher than what would be available at regular odds.
Terms and conditions: It’s important to review the terms and conditions of each odds boost offer. Bookmakers may impose restrictions on the maximum bet amount, limit the eligible markets or events, or have specific requirements for using the enhanced odds.
Odds boosts can be beneficial for bettors who find value in the boosted odds and believe that the outcome is more likely than what the bookmaker’s regular odds suggest. However, it’s essential to compare the boosted odds with other bookmakers and consider factors such as the likelihood of the outcome and any applicable terms and conditions before placing your bet.
Keep in mind that odds boosts are promotional tools used by bookmakers to attract customers, and it’s important to gamble responsibly and within your means.
An odds boost is a promotional offer from bookmakers where they enhance the odds for a particular market or event. In matched betting, an odds boost can be used to increase the profit potential of a matched bet.
Here’s an example of how you can use an odds boost in matched betting:
Find a qualifying bet – Look for a market that qualifies for the odds boost promotion. For instance, a bookmaker might offer an odds boost on a particular horse in a race. You’ll need to find a close match for the back and lay bets.
Calculate your lay bet – Use a matched betting calculator to determine the amount of money you need to bet on the lay side of the bet. You should enter the boosted odds for the back bet and the regular odds for the lay bet.
Place your bets – Place your back bet with the bookmaker offering the odds boost and your lay bet with a betting exchange.
Check the profit – Use the calculator to see how much you’ll win or lose based on the outcome of the event. If the odds boost increases the profit potential, then you can make more money from the matched bet.
Overall, using an odds boost in matched betting can increase the potential profits of a matched bet. However, you should always check the terms and conditions of the promotion and ensure that you’re using a reliable matched betting calculator to make accurate calculations.