Teaser Sports Betting
Before we get into that, let’s start with when not to bet teasers. When betting a teaser, you need to cross key numbers in order to actually gain value. Those numbers are: 3, 7, 10, 6, 14, 4, 1, 17, 13 and 2. When betting a teaser, you want to cross as many of these key numbers as possible. FanDuel Sportsbook: View ratings, sports offered. DDC Video 8 What is a teaser bet and how does it work? What are the pros and cons of playing a teaser bet? How is a teaser similar to a parlay? Sharp Sports Betting by Stanford Wong, a book first published in 2001, was the first place the term “basic strategy teaser” appeared in print. The author of this book (as Stanford Wong is a pen name) used push charts to show three and seven are the most common margins of victory in the NFL. Apr 07, 2020 Teaser Sports Betting: Teaser Bet Explained. Online sportsbooks allow for up to 10-team teasers, or sometimes more, with odds greatly increasing, and some sportsbooks allow for up to 10-point to.
Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.
Teaser Sports Betting Sites
NFL teaser betting is more common with intermediate or advanced bettors, but it isn’t a hard concept to understand – I will explain how NFL teasers work below.
What is a NFL Teaser Bet?
Teaser Sports Betting
A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.
There are three main NFL teasers – 6, 6.5 and 7 point teasers.
In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.
The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets “parlayed” (cannot do single teaser bets).
NFL Teaser Example
Here is what a two team 6.5 point NFL teaser bet would look like:
Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5
In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2
How Do Teaser Bets Work
In order for you to win the teaser bet both incomes would have to be correct. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).
Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.
NFL Teaser Bet Payouts
Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.
Here are the NFL Teaser Payouts at 5Dimes (subject to change):
6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)
6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)
7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)
Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.
Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.