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Sports betting is highly unpredictable. At times, the games everyone thinks will win, including pro bettors, will get the thrashing of a lifetime. This unpredictability is part of the excitement chased by bettors.
However, this unpredictability can make sports betting frustrating and costly. Wouldn’t it be great if it was possible to change point spreads, making it easier for your bet to win?
Welcome to teaser betting.
What Is A Teaser Bet?
Teaser betting is a type of parlay bet where bettors can change the point spreads. For a bettor, these changes make a bet easier to win. But there is rarely ever something for nothing in betting.
While a teaser bet becomes earlier to win, sportsbooks will lower the payout in exchange.
In essence, this makes betting teasers about exchanging points for volume.
Typically, a standard teaser requires a better to earn six points in each football game and four in each basketball game. In return, bettors must select at least two teams. Unfortunately, this increases the chances of the bet failing at least by one leg.
Just like a parlay bet, the entire legs of a teaser need to win for the best to qualify as a win for the stipulated amount.
The most common sports betting teasers involve two teams (and six points for football), though some sportsbooks allow up to 10 teams.
Also, as with other parlays, teaser bets can make you good money, but they get riskier with every leg added.
Let’s look at this concept practically.
Teaser Bet Examples
Game 1: Jets vs. Falcons; original spread +2.5, New spread + 8.5
Game 2: Patriots vs. Texans; original spread -7, New spread -1
In this sports betting example, the Jets lose to the Falcons 27-20. This is covered under the new +8.5 spread. Initially, the patriots were a 7-point favorite against the Texans. Let’s say they win 25-22, covering the new -1 spread.
This explains why a teaser bet is easier to win than a two-team parlay. Both teams won the teaser bets but would have lost the original stakes.
Assuming the teaser in the above sports betting example was priced at -120, meaning you staked $12 on it, your payout would be $10.
While the six-point, two-team football teaser is highly common, you can create teaser bets from almost any combination of bets you can think of, then pay to adjust the spreads.
Why Should I Bet Teasers?
There is no yes or no in this or any other betting type, as different scenarios call for different strategies.
The risk involved in tying together several bets to one wager is alive and well with teasers.
However, there is a two-team teaser in NFL games known as a ‘wong teaser.’ The sharpness of NFL games compared to college football games and other markets make NFL wong teaser bets quite lucrative for bettors. This notwithstanding, you can still tease college football games and end up with a reasonable payout.
Teaser Odds And Payouts
The potential win from a teaser goes higher with every game you add to the teaser. Also, remember that the more games you have tied up to the same wager, the riskier the ticket becomes.
Look at this table:
Teaser size
6 Points odds
6.5 Point odds
7 Point odds
Two team teaser
-110
-120
-135
Three team teaser
+160
+140
+120
Four team teaser
+265
+240
+215
The above sports betting example shows 6, 6.5, and 7-point teaser payouts with two, three, and four team teasers.
Teaser Bet Ties
If a bet in your teaser pushes or ties with the total or spread, it’s taken off the teaser.
Consequently;
· A two-team teaser with a push is seen as a full push, and the wager is refunded.
· A three-team teaser with one push becomes a two-team teaser, and the payout drops from +165 to -110.
How Do Teasers Change Football Betting Lines?
While these might differ between sportsbooks, football bet teasers involve three key numbers; 6, 6.5, and 7. In addition, a bettor can execute a teaser bet by pushing the underdog’s odds higher or moving the favorite line lower.
Here is an example of how odds would move on a 6-point teaser card.
Original odds are:
Dallas Cowboys -7.5 vs. Washington Redskins
Green Bay Packers -7.5 vs. Detroit Lions
New England Patriots -8.5 vs. Miami Dolphins
Bettors might prefer the favorites in all the games. A 6-point teaser can look like this:
Dallas Cowboys -1.5 vs. Washington Redskins
Green Bay Packers -1.5 vs. Detroit Lions
New England Patriots -2.5 vs. Miami Dolphins
How Do Teasers Change Basketball Betting Lines?
These are similar to football odds; only basketball teasers don’t move odds as much. The key numbers are 4, 4.5, and 5.
Once again, bettors can get more points on underdogs or move lines lower on favorites.
For example, we have these original odds:
Dallas Mavericks vs. + 3.5 vs. Houston Rockets
Indiana Pacers + 4.5 vs. Milwaukee Bucks
Brooklyn Nets + 5.5 vs. Toronto Raptors
The 4-point teaser could look something like this:
Dallas Mavericks vs. +7.5 vs. Houston Rockets
Indiana Pacers +8.5 vs. Milwaukee Bucks
Brooklyn Nets +9.5 vs. Toronto Raptors
Reverse Teasers
Teaser bets are about buying points. However, the reverse is also an option where sportsbooks allow you to sell points.
For example, you can have a parlay bet with two or more sections where you ‘sell’ six points to your sportsbook. This is known as a pleaser or reverse teaser.
Reverse teasers are hard to hit. But, if you want to try them out, keep in mind that the sharper the market, the likelier it is that the handicap between the two markets is accurate.
The Bottomline
The concept of teaser bets is about having a parlay bet, where you can pay your sportsbook to improve your chances of winning. The very common ones allow bettors to adjust the spread of a football bet while combining two or more games into the same bet.
A bet becomes riskier with each game you add, but the payout also improves with every individual game included in the bet.