Guide to Teaser Bets

For those new to sports betting, there are several ways to make money from placing a bet on your favorite team. This is because there are many types of wagers you can make and each with the own advantages and disadvantages. One of them is the Teaser or Teaser bet which many sports gamblers use to give them an edge. Thus, we present our Guide to Teaser Bets, where we explain how they work and how to make one.

A teaser is a popular type of bet where a bettors can adjust the point spread or total in their favor. However, keep in mind that for it to be a teaser, it must be done on two or more games. Therefore, it is a parlay bet where you can buy points in your favor.

This type of wager is fairly common in football and basketball betting. However, many gamblers make Teaser on other sports as well.

Guide to Teaser Bets – How to Make a Teaser Bet

In a teaser bet, the bettor combines two or more wagers and can then adjust the point spread or total line for each game by a certain number of points. The bettor can either add points to an underdog‘s spread or take points away from a favorite’s spread. Similarly, the bettor can either add or subtract points when betting on totals.

Choose the games: First, you need to choose two or more games that you want to bet on. Teasers can include both point spreads and totals, but not moneylines.

Select the number of points: You then choose to adjust the point spread or total line by a set number of points. Common options for teasers include 6, 6.5, or 7 points. This means that if you’re betting on a favorite, you’ll subtract the number of points from the spread, and if you’re betting on an underdog, you’ll add the points to the spread.

Place your bet: the next step is to place your bet at a sportsbook or betting site. You will then need to enter the wager amount and confirm your bet.

If your teasers win, you will receive a payout based on the sports betting odds and the number of games in the teaser. In addition, just like a parlay Bet, all bets in the teaser must win to win the teaser bet. However, if one game ties, then it is simply taken out of the teaser and the odds change accordingly.

It’s important to note that while teasers can be a fun way to bet, they also come with increased risk. This is due to the number of games involved and the adjusted lines. Therefore, bookies do make money from them which is why so many people choose to be an online bookie. However, asl long as you make sure to do your research and consider all factors before placing a bet on a teaser.

Teaser Bet Odds and Payouts

Teaser payouts will rise with every game added to the teaser, but more games mean more risk. The table below shows the payouts for 6, 6.5, and 7-point teasers when selecting two games, three games, and four games. Note that payouts can vary sportsbook to sportsbook.

Best Time to Place a Teaser Bet

Creating an alternate line, in theory, gives you a higher chance of the single outcome occurring. Say the Patriots match up well against the Jets, but you’re wary they may not win by three or more. Manipulating the line to +3 gives you extra breathing room.

Placing a teaser with a large spread, like the Rams at -7.5, can be the best time to use the strategy. Heavy favorites in the NFL are usually favorites for a reason. Turning large spreads into a pick ‘em game can be beneficial, depending on where you bet.

The issue with teasers is the same as parlays. You’re not betting on one outcome. Correctly predicting multiple outcomes, in this case, three, increases your chances of one game going awry.

The beauty of sports is that anything can happen. It makes for great stories, but it does make betting more difficult.

Teasers are best-placed after doing your research on the matchups. Perhaps you tease a couple of underdogs, turning a +3 spread into a much more manageable +9. It helps to know how to read line movements as well.

Are Teaser Bets Good or Not?

If teasers bets are so good, then why do sportsbooks offer them and how does a bookie make money from them? Yes, Teasers can be good bets for a bookie and a player. The key with any bet is to find opportunity for value in your bets. Since, most players are not able to find the right opportunity, bookies end up making a killing from them.

The most common win totals in NFL games are 3, 7, 10, 6, 14, 4, 1, 17, 13 and 2. If you can find spreads that, when teased, avoid these totals, you increase your odds of winning the bet.

As with any betting strategy, don’t rely on teasers as your sole betting strategy. If you like a spread as is, consider taking it as a standalone bet.

A typical spread bet varies from -115 odds to -105. Meaning, you’d need to wager $115 to win $100. A six-point teaser pays out at +180, so a wager of $100 brings in a profit of $180.

The odds are better with the inherent risk you take on with three or more outcomes. Teasers can be sound and profitable strategies when targeting your favorite spreads and matchups that your research shows will benefit one team in particular.

Open a Sportsbook for $5 or Less per Player with PricePerPlayer.com

Learn How to bet on Sports with these Sports Betting Tutorials