🗞️ Bandit Betting Newsletter: $20/mo Sports Betting Subscription

Welcome back to the Bandit Betting Newsletter, where we deliver the top stories in sports and gambling directly to your inbox, every Sunday.

In today's email:

• Draftkings: is now offering $20/month subscription called “Sportsbook+” for better parlay odds.

• Kalshi: launches sports events trading, making sports betting legal in all 50 states.

• Poker player: wins life-changing jackpot with rarest hand in game at Las Vegas casino.

Let's gamble...

SPORTSBOOK+

Draftkings users can now buy better parlay odds via recurring subscription.

DraftKings has introduced a new subscription service, DraftKings Sportsbook+, aimed at boosting profits and customer engagement through enhanced odds on parlay bets.

For $20 a month, subscribers in New York gain access to “stepped up” boosts, increasing profits by 10% for two-leg parlays and doubling profits for parlays with 11 or more legs.

However, these longshot bets require every leg to hit for a payout, making them highly profitable for sportsbooks.

CEO Jason Robins has emphasized increasing parlay adoption and average leg count as key strategies, with NFL parlay margins already growing 5% this season.

DraftKings’ progressive parlay product, which launched in late 2023, allows partial payouts for missed picks, further encouraging parlay bets.

Odds boosts, like those in Sportsbook+, also serve as a retention tool to keep bettors loyal.

Unlike traditional boosts, this subscription offers unlimited usage, enhancing its appeal.

As DraftKings stock climbs 15% over the past year, the company’s focus on high-margin parlay farming is a successful strategy.

KALSHI SPORTS BETTING

For the first time ever, sports betting is available in all 50 states thanks to Kalshi.

Kalshi, the prediction market known for allowing bets on political events, is expanding into sports betting, now available in all 50 states.

This move comes just two weeks before the Super Bowl on February 9, coinciding with the NFL playoffs—a peak period for sports gambling.

Unlike traditional sportsbooks like FanDuel and DraftKings, which are restricted to states where sports betting is legalized, Kalshi operates differently.

The platform lets users trade directly with each other and takes a percentage of placed bets, enabling its nationwide availability.

This week, Kalshi filed with the Commodity Futures Trading Commission to launch contracts on major sports championships and other events, including betting on the next head coach for the New Orleans Saints.

The announcement follows news that Donald Trump Jr. has joined Kalshi as an advisor. CEO Mansour praised Trump Jr.’s alignment with public sentiment and innovative spaces, stating that the company remains apolitical despite the high-profile partnership.

279K JACKPOT

This Baltimore woman hit the rarest hand ever seen at the Horseshoe in Las Vegas.

A Baltimore woman struck gold at Horseshoe Las Vegas, hitting a $279,376 jackpot with the rarest hand in poker—a royal flush.

The life-changing win happened on Monday, Jan. 20, at an Ultimate Texas Hold’em poker table, the casino announced the following day.

A royal flush, the best possible hand in poker, includes an ace, king, queen, jack, and 10 of the same suit.

Horseshoe Las Vegas, located on the Strip, is a popular destination for gamblers looking to test their luck.

MEME

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TODAY’S PICKS

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