Teasers have become one of the most sought-after forms of wagering when it comes to basketball and especially football markets. While teasers make bookmakers across the world millions, savvy bettors can use these bets to their advantage.
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Understanding teasers is essential to reducing your edge and exacting profits from these wagers.
Sep 16, 2019 For a teaser bet, you are factoring additional points into the equation, albeit in a fashion which makes a bet more appealing. One school of thought suggests that using teasers will reduce the risk on multi-game tickets.
What Is a Teaser?
Teasers are multi-leg bets similar to parlays and accumulators, except bettors will be able to add points to their side of the wager. Teasers can only be used in sports with point spreads or totals.
Their recent rise in popularity is mostly due their explosion in popularity in the NFL and NCAA football markets, but teasers are also available for both NCAA and NBA basketball. Here’s an example of a 6-point NFL teaser:
Odds before teaser:
Pittsburgh Steelers +3.5 (-110)
Seattle Seahawks -7 (-110)
Odds after teaser:
As you can see, our above point spread wagers went in our favor by a margin of 6 points. The Steelers moved to -2.5 instead of +3.5, and our other leg, the Seahawks moved from -7 to -1. A typical two-team 6-point teaser pays -110, so we would have to wager $110 to win $100.
As the number of legs in your teaser increases, so do the odds. For instance, a three-team 6-point teaser has payout odds of +165 at most sportsbooks. A 4-team teaser comes in at +265 and so on.
Like parlays, teasers are losing bets unless all the legs or bets in the teaser win, unless a push occurs. Our above teaser wouldn’t be eligible for a push because it’s just two teams, but also because the Steelers are favored by -2.5, which by default can’t end in a push.
Generally, a pushed leg in a teaser would simply mean the bet would revert to a smaller teaser. For instance, if a player bet a 6-team teaser and one of the legs pushed, it would go to a 5-team teaser. I say, “generally” here because not all sportsbook grade their pushes this way; some may count it as a loss.
Teasers can range from 4 points when betting basketball teasers to up to 20 points at some sites. Of course, these massive 20-point teasers have some crazy to-win odds, but some sportsbooks do offer them. With teasers, if a sportsbook offers it, sports bettors can wager on it.
|Teaser size:||6 points:||6.5 points:||7 points:|
Above is a basic table showing the payoffs for NFL teasers from 6 to 7 points and up to 6 teams. As you can see, the odds start to increase rapidly as the number of teams get higher. The jump from two teams to three teams is substantial (and comparatively in the bettors’ favor), but as we start to move up, the odds increases and don’t catch up with the true odds, giving sportsbooks a large edge as the number of teams continues to rise.
Profitability of Teasers
For the most part, teasers are not profitable for the vast majority of sports bettors. However, this is mostly because they’re betting on too many teams and failing to line shop for strong odds. While the above table shows the standard odds for teasers, there are bargains to be found online at a number of operators.
Many sites will offer two-team 6-point teasers at +100, instead of the standard -110. This, of course, makes these bets all the more profitable. Likewise, some sites may offer -120 on two-team teasers, making them nearly impossible to profit from.
Since bettors will primarily be focusing on two- or three-team teasers, it’s of upmost importance that they check the odds at their sportsbook before choosing that as their spot to bet teasers. Adopting a strategy also helps. For example, basic strategy teasers for the NFL, known as “Wong Teasers,” are an excellent option for NFL teaser betting. However, sportsbooks have adapted to these over the years and are quick to limit bettors who are profiting from these.
Two- or three-team teasers have somewhere between a 10–20% edge for the sportsbooks, depending on the odds at your current sportsbook. These aren’t terrible, but bettors are still at a disadvantage.
As we look at four teams or higher, the odds get considerable worse. Most long-term studies and databases give sportsbooks a gigantic edge when it comes to teasers larger than four legs or teams. Some shops have gargantuan advantages, with edges as high as 50% in some cases. Overall, teasers larger than three teams are almost always a bad bet.
The rare case where betting teasers larger than 2–3 teams may be profitable is when clearing a bonus or freeplay. The bonus clearing adds an extra advantage to the wager because bettors are playing with house money.
In short, the vast majority of teaser bets above 2–3 teams are what profitable sports bettors call “sucker bets.” These bets are very rarely +EV and should be avoided. With that said, there are many who profit heavily from teasers, especially using basic strategy teasers and line shopping for the best odds on their 2–3 team teasers.
A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.
There are two types of teasers. The first kind, known as a 'Super Teaser,' 'Special Teaser,' 'Big Teaser,' or 'Monster Teaser, ' allows the bettor to choose three, four, or in some cases five teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return, the bettor will receive less money than the one risked in the bet.
The second type of teaser, known as a 'Vegas Teaser,' or simply a 'Teaser,' is more of a combination between a parlay and the first teaser explained. In this case, the bettor will receive fewer points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from two to 15 in some cases), the higher the payout will be.
In Betting What Is A Teaser
Super Bowl XLV: Pittsburgh vs. Green Bay
Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction).
Teaser Bets In Vegas
If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).
If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).
Bet on the over and the line is 39.5 (45.5 - 6).
Bet on the under and the line is 51.5 (45.5 + 6).
Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win.There is still debate among experienced sports bettors if teasers are good wagers or not. Opinions vary on the subject, with some believing they are poor option, while others believe they are worthwhile, especially as more games tend to fall close to the point spread.
Many sportsbooks also offer teaser cards (similar to parlay cards). In most cases, teasers must involve 3 or more teams, and spreads and totals have half points to avoid ties. Cards are usually printed in the morning (Every Wednesday morning for football) and the lines on the cards are fixed, though the book reserves the right to take the games off the board.
In Sports Betting What Is A Teaser
- ^ abMoody, Allen. 'Sports Betting - How to Bet Teasers'. Archived from the original on 2008-09-30. Retrieved 2018-06-26.