DraftKings Announces Subscription Model to Buy Better Parlay Odds

Want better payout odds on those parlays that are nearly impossible to ever win?

Now you'll have to pay for it.

DraftKings has announced it is offering the opportunity to receive more generous payout odds on parlays through its new subscription model.

Something tells us this will not end well.

DraftKings Sportsbook+ already debuted in New York over the holidays and will launch elsewhere in the coming weeks.  The service will cost members $20 a month. In return, they will receive what the company calls “stepped up” boosts for all parlays where the individual legs are -500 or narrower.

For parlays with two legs, users will see profits increase by 10%, with the boost growing as the parlays get bigger. For parlays with 11 or more legs, the profit increases 100%, or double.

“The subscription service was designed to offer our customers an enhanced fan experience, creating more excitement and value to our extensive parlay offering,” DraftKings said in a statement. The product will be available only to “select, eligible customers” (our translation: those who always lose betting parlays).

Meanwhile, back on Earth One, you can still find online sportsbooks offering 100 percent signup bonuses.

One person tweeted out: "This sounds like Black Friday nonsense. They will make crap odds normal and then normal odds for the subscription."

Another wrote: "Unethical. Baiting bettors into the least likely bets to hit."

DraftKings had previously come under fire for a planned surcharge fee it later was forced to suspend.

From DraftKings at the time:

"There is a solution here.  As you know many revenue-based taxes are passed along to the customer.  The online gambling industry has chosen not to pursue this approach in lower tax jurisdictions, but it has in higher tax jurisdictions like Germany.  We are planning to implement a gaming tax surcharge on a customer's Net Winnings in any state with a tax rate above 20% that has multiple sports betting operators. The surcharge will be fairly nominal to the customer." 

Something tells us this new subscription plan will go the way of their surcharge idea.