What is a teaser in sports betting
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.
A typical two-team, 6-point teaser is listed at -110 at most of the , making our break-even percentage the standard 52.4% that we would need to hit to break even on the standard 10% juice.
Technically, in this day and age, you can make any type of teaser you want. Simply pick a number of legs and adjust the line by any amount of points. The sportsbook will figure out the odds based on the number of legs in your bet and the amount of points bought for each leg.
How To Place a Teaser on FanDuel Sportsbook | Betting Hero Tutorial
Letâs start by explaining how odds work in the point spread. A point spread is a handicap bet where one team (the favorite) is given a theoretical points deduction before the game starts. The other team (the underdog) is given equal points as a headstart.
You decide you want to raise your two-leg parlay by a number of points – a 6-point teaser – it gives the Browns +8.5 on a six-point teaser and the Falcons +16 on a six-point teaser on the point spread in the NFL games. Your sportsbook odds for this football game teaser scenario are -120 for the spread bet and are set in stone by the book. You can extend this bet across as many 8 and as few as 3 teams. The more teams you select, the greater the odds you will receive.
For example, if you have odds of -120 you would risk $120 to win $100. That would mean $120 divided by $220 which equals 54.55%. If you have two teams, both have to win to break even. So you must ask yourself how often each leg must win to achieve a 54.55% win rate. To find that answer you take the square root of 54.55% and come up with 73.86%.
A Wong teaser is a 6-point teaser that involves favorites of -7.5 to -8.5 and underdogs of +1.5 and +2.5. Since most games are decided by those key numbers if we can tease them down to fall within that range, it increases our chances to win a teaser bet substantially.
What Is A 6-point Betting Teaser
For 3 teams you would divide the number by the cubed root, 4 teams you use the 4th root, and etc…
What Is Teaser Betting And How Does It Work
Now that you know how to place a teaser bet, you’re probably wondering about how to calculate your winnings. In teaser betting, the odds for the payout are determined by the number of teams in your teaser, and the point spread you’re betting on.
What Is A Teaser Bet In Sports Betting
Second, teasers can go both ways. If two teams have a spread of -1 and -3, respectively, but you think they’ll each win in a blowout, you could beef up both spreads by subtracting even more points. So those spreads might become -4 and -7, respectively, but your odds would increase and make your potential payout larger.
A teaser is a type of parlay betting covering only point-spread picks
Well, in a betting context, a teaser can be a very powerful weapon. What it means to “tease a bet” is to add or subtract points from the line to create a more favorable scenario. Teasers are predominantly used in the NFL, but there are some people that will tease the NBA or college football or basketball.
What is a Teaser Bet – Learn to Bet with TopBet sportsbook
Your regular, two-leg parlay works out to +243 combined odds on . Suppose you want to give the Browns and Falcons a better headstart? You can add points to the spread and calculate the odds again based on the points added on the bet slip. If you are betting at an online sportsbook, they will have a built-in calculator so you can see the outcomes of different bets. Different sportsbooks will calculate the teasers differently – so shop around – for the best teaser returns on your wagers. Depending on the sportsbook, you might get a promo code for a first bet free bet.
What is a Teaser in Sports Betting? Teaser Bets Explained
In betting history, the most common teaser is the six point football teaser. Picking two games, move each spread by six points and it would be treated like a normal -110 wager. You can also place a 6.5 point teaser, but those odds would move to -120. A seven point teaser would often have -130 odds. If you added a third leg to your six point teaser, the odds would often go from -110 to +150. It’s a moving mathematical equation based on the number of legs and the amount of points purchased per leg.
What Is a Teaser Sports Betting: 2024 Guide
The best example of a teaser is to look at the NFL, so let’s explain what we’re talking about. There are a number of teaser varieties for football. Most will offer a 6-point teaser, a 6.5-point teaser, a 7-point teaser, or a 10-point teaser. If you “tease a favorite” or “tease the over”, you subtract that number of points from the line. If you “tease a dog” or “tease the under”, you add that number of points to the line.
A Complete Guide to Teaser Sports Betting
The reason for most games ending by 3 or 7 points is obvious. It is the number of points scored by a field goal and touchdown, respectively. Wong’s theory was that teasers, which move between the two key numbers of three and seven, are the most profitable. He was right.
Teaser Betting Strategy: Be Smarter With Teaser Bets
Teaser bets can be used for the NFL by tying together at least two wagers for a greater chance of winning. For example, if the Lions are at -7 and the Chiefs are at -10, you can create a six-point teaser bet by moving them, respectively, to -1 and -4, lowering the spreads as a result.