Looking to optimize your potential NFL betting profits? Interested in wagering on the Washington Football Team or Baltimore Ravens this weekend with enhanced odds? Seeking a hassle-free experience?
Step into the enchanting realm of profit enhancement.
As Virginia sportsbooks fiercely compete for market dominance and attract fresh clientele, they generously offer a plethora of promotional deals. If you’ve registered with a Virginia sportsbook mobile application, chances are you’ve been rewarded with a “token” or “bonus” to enhance your odds.
Although there are some limitations, let’s examine actual instances to understand how DraftKings’ weekly profit boosts can significantly affect your betting funds.
Profit boosts are free (potential) money
The Washington Football Team (1-1) will be traveling to Highmark Stadium to face the Buffalo Bills (1-1) this Sunday. The game will be broadcasted on Fox at 1 p.m.
As the NFC East clash approached, the WFT initially started as +8 underdogs. However, a group of Bills bettors at DraftKings managed to decrease the line to +7.5 (at -115 odds) by Thursday afternoon.
What is the reason for choosing DraftKings in this scenario? This renowned sportsbook company has consistently provided both existing and new customers with an extraordinary benefit during every NFL season weekend: a 20% boost in profits!
- You can enjoy a 20% profit boost on every NFL game, except for Sunday Night Football and Monday Night Football.
- Only one profit boost is allowed per game.
- You can apply the profit boost to almost all types of bets, including spread, moneyline, total, alternate spread, player props, and more.
- The maximum bet allowed for each profit boost is $50.
- Each single-use profit boost from their bet slip must be chosen by the players.
To those who are new to sports betting, a 20% might not appear significant at first glance. However, it essentially amounts to receiving free money, provided that your bet is successful.
Furthermore, the accumulative effect of these odds boosts becomes significant, particularly when considering a complete NFL weekend or season. In fact, they can be the determining factor in whether a season ends with victory or defeat.
Looking for evidence? Let’s delve into the statistics.
ROI on profit boost vs. no profit boost
Let’s take the DraftKings “Week 3 NFL Profit Boosts!” promo as an illustration. Suppose we decide to place bets on all eligible games this weekend. Despite $50 being a substantial amount for most bettors, we will wager the maximum bet size permitted by the promotion.
Furthermore, we plan on placing wagers on all 14 qualifying games scheduled for this weekend, utilizing the customary spread odds of -110 for each game.
Regarding our performance, we classify ourselves as average bettors, achieving a precise 50% success rate. Consequently, we will incur a loss of $350 from our unsuccessful bets ($50 multiplied by 7), while profiting $318.15 ($45.45 multiplied by 7) from our winning bets.
After subtracting $350 from $318.15, we are left with a deficit of -$31.85.
On the other hand, assuming we achieve a 20% profit increase on each of these games, the odds shift from -110 to +109. Consequently, instead of earning $45.45 per successful bet, our earnings rise to $54.54.
What is the impact on our overall total for 14 games and a 7-7 record? Instead of a loss of $31.85, we have now gained $31.87.
Furthermore, even if you manage to merely break even and achieve a 50% win rate during the weekend, it is worth considering the potential influence of profit enhancements on your overall financial outcome. Take a look at this chart to understand how these boosts can significantly affect your bottom line, irrespective of your record in selecting picks.
| Picks record | Without 20% profit boosts | With 20% profit boosts |
|---|---|---|
| 0-14 | (-$700.00) | (-$700.00) |
| 1-13 | (-$604.55) | (-$595.46) |
| 2-12 | (-$509.10) | (-$490.92) |
| 3-11 | (-$413.65) | (-$386.38) |
| 4-10 | (-$318.20) | (-$281.84) |
| 5-9 | ($-222.75) | (-$177.3) |
| 6-8 | ($-127.30) | (-$72.76) |
| 7-7 | ($31.85) | $31.78 |
| 8-6 | $63.60 | $136.32 |
| 9-5 | $159.05 | $240.86 |
| 10-4 | $254.50 | $345.40 |
| 11-3 | $349.95 | $449.94 |
| 12-2 | $445.40 | $554.48 |
| 13-1 | $540.85 | $659.02 |
| 14-0 | $636.30 | $763.56 |
Profit boosts over the long run
What would be the overall effect of these 20% profit boosts throughout an entire season? Imagine if you consistently placed bets on the WFT, Ravens, and every other game, week after week, with the advantage of 20% boosts.
Once more, if we consider a 7-7 record as a reference point, we can easily calculate our expected weekly earnings of +$31.87 by summing up the number of weeks.
If we consider the midpoint of the 18-week season, we could potentially accumulate a profit of $286.83. However, if we account for the entire season, the profit would amount to $573.66.
However, without the profit boosts, the profit would actually turn into a loss.
- At midseason, there was a decrease of $573.48, resulting in a total of -$286.65.
- The total cost for the entire season is -$573.30, which is a difference of -$1,146.96.
Once again, this example relies solely on a .500 record. In other words, you are making your selections based on a random coinflip or simply guessing.
Let’s suppose you possess a talent for accurately selecting NFL winners. Even if you manage a modest success rate of 8 out of 14 games each week, your overall profit for the season would rise from $1,144.80 to $2,453.76. This marks an impressive improvement of $1,309.96, equivalent to a 114% increase.
Once again, the results may differ for each individual. It’s possible that you choose not to wager on all the games or that you don’t bet the maximum amount of $50 permitted. However, over time, even if you only win half of your bets, the profit will still accumulate, thanks to the assistance of profit boosts.
BetRivers also offers weekly football profit boost
In Virginia, BetRivers offers weekly profit boosts of 20% as well. However, unlike DraftKings, these boosts are restricted to a single NFL or NCAA college football game.
Upon logging into the site or app on Tuesday, customers will be granted a single 20% profit boost token. The token must be utilized within the next 24 hours on a game of their choice. This special offer from BetRivers aims to encourage early bets on the upcoming weekend of football action.
You can place a maximum bet of $25 for the promotion, and the maximum extra winnings you can receive are $250.
For instance, you have the option to place a bet on the upcoming game between the Baltimore Ravens (1-1) and the Detroit Lions (0-2), taking place in Michigan on Sunday at 1 p.m. The game will be broadcasted on CBS.
By Thursday afternoon, the Ravens were considered favorites with a spread of -8 and odds of -112. Nevertheless, thanks to the BetRivers profit boost, you can now bet on them with a spread of -8 and odds of +107.
An additional method to maximize profits is by strategically selecting key numbers. For instance, when I browse through the “Alternate Spread” options for the Ravens game on DraftKings, I can opt for Ravens -7. However, this choice requires me to pay a slightly higher price (-135) for a more favorable line. Thankfully, with the profit boost, the price reduces from -135 to -114. Although it may seem insignificant, this variance equates to a potential profit of either $37.03 or $44.44. Moreover, the benefit lies in avoiding the less desirable -8 and obtaining the preferable -7.
Caesars, along with other sportsbooks, is also actively participating in the profit boost competition. The sportsbook, formerly known as William Hill VA, consistently provides a variety of profit boosts, with some reaching as high as 50% and occasionally having limits of up to $150.
Make sure to compare prices before making a purchase. As mentioned earlier, even a slight increase can lead to significant profits.
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