This tool typically involves inputting the original odds and the boost percentage offered by a sportsbook. The tool then calculates the enhanced potential payout and often compares it to the original potential return. For example, if a bet initially had odds of +200 and receives a 20% boost, the tool would compute the new odds and the resulting increase in potential winnings.
Such tools are valuable for sports bettors seeking to maximize potential profits. By quickly calculating the impact of a promotional offer on a wager, bettors can make more informed decisions about where and how to place their bets. Historically, bettors had to perform these calculations manually, which was time-consuming and prone to errors. These automated resources streamline the process, allowing for quicker assessments and more efficient bet management.