What Is Teaser Bet
Online sportsbooks do their best to provide their account holders with different choices. This extends not only to what sports might be available to wager on, but what types of bets that can be made. The more wager types that an online sportsbook offers, the better chance that they will have in catering to a wider audience. Not only that, different wager types can be fun. One such bet that can be made is what's known as a teaser wager.
A teaser is a multi-bet wager that allows the bettor to adjust the point spread of those wagers in their favor. A teaser can be linked to as few as two outcomes, or as high as 15 at some sports betting sites. Teasers typically only apply to the sports of football and basketball. A teaser bet is a blend of at least two bets whereby you can modify the point spread to be very favorable to you – this alteration implying that the money earned will be a little bit lower. What's a teaser bet you asked? It is a bet where you can alter the point spread or aggregates to favor you. Teasers are similar to parlays, in that all the teams selected in your wager (the number of teams is often determined by the sport) must win or the bet loses, but there’s one key difference. In a teaser, you’re allowed to move the point spread in any direction you like. Teaser betting explained. A teaser bet is similar to parlay bet in that it requires multiple outcomes to be correct for the bet to be a winner. It’s an all-or-nothing style of bet that can be a useful tool when analyzing the betting board. A teaser is different from a parlay in that the sports bettor is in control of the lines whether it’s.
The purpose of this page is to educate bettors on what a teaser wager is, what sports it can be used on, how it's applied, and most importantly, what the advantages are that come along with using a teaser wager. In other words, why is placing a teaser something a bettor should consider?
What Is A Teaser?
To understand why or when a bettor would use a teaser wager, it's important to understand exactly what one is. A teaser is a multi-bet wager that allows the bettor to adjust the point spread of those wagers in their favor. A teaser can be linked to as few as two outcomes, or as high as 15 at some sports betting sites. Teasers typically only apply to the sports of football and basketball.
A teaser lets a player move the spread, while at the same time adjusting the payout. It is the exact opposite of a pleaser wager, because the teaser adjusts the spread making the bet easier to win, in theory. But at the same time, the payout can be sacrificed. And just like a parlay, which is another multi-bet sportsbook wager type that can be made, all teaser bets must hit in order for the payout to be had.
Teaser Wager Payouts
The next question on your mind probably relates to the type of payout that can be expected when betting a teaser. This answer varies, because it hinges on the number of teams that are contained within the teaser wager. The more teams associated with the wager, the higher the potential payout will be. In general, teasers come with low payouts because the spread is adjusted in the favor of the bettor. There can be no losers within a teaser for the bet to pay out. If one of the games within the teaser is a push, the bet would still be intact, it would only move to the payout tier below the original number, because that bet would essentially become voided.
How Are Teasers Different From Pleasers + Parlays?
While in general a teaser, pleaser, and parlay are of the same family of wagers because there are multiple outcomes involved, they are quite different. Betting on a teaser and betting on pleasers are polar opposites, protons and electrons. One does one thing, the other does the opposite. A teaser skews the spread in the bettors favor, and pleaser skews it away from the bettor.
The main difference between a parlay and a teaser wager lines within the adjustment of the spread or total. In terms of a parlay, there is no adjustment made on the wager. A bettor either puts their money down on the spread or the moneyline and will get paid accordingly to how much risk was taken. While the process is essentially the same for a teaser, moving the point spread + payouts are where the difference lies.
There are many online sportsbooks that will feature teaser wagers that their account holders can place a wager on. Prior to signing up at a sports betting site that accepts USA players, prospective users will have the chance to check out which sportsbooks will give them the opportunity to make a teaser wager. We have several top quality online sportsbooks below which bettors can place teaser wagers with.
Where Can I Make A Teaser Bet Online?
Many online sportsbooks will allow you to bet on teasers in 2021 - they are, in many ways, one of the staple wagering types of sports betting. Teasers are one of the most common wagering variants - as opposed to the straight bets that make up the majority of sports betting. Basically, if someone is betting something other than the spread, the moneyline or the Over/Under, it’s pretty likely to be a teaser. Teasers are available at most if not all of the major online sportsbooks, but tend to be limited to those sports where the spreads are fairly large so that it is worth teasing. That means that you mostly see teasers in football and basketball, sports that can have large spreads.
Why Would I Want To Make A Teaser Bet?
So, let’s say you felt pretty ok about the idea that the Patriots would beat the Dolphins, but you weren’t sure how much they’d win by. Meanwhile, you’re confident that the 49ers will beat the Seahawks but you aren’t sure if they'll do so by enough to cover the spread. You can tease these two games together in order to lower the spread on both of them. If both of the teams were 7.5 point favorites, you might be able to tease that down to 5.5 point favorites, meaning that a touchdown victory in both games will give you the win. That’s the basic idea, but they can get much more complex, especially when you introduce other teams to the teaser. Generally, though, people only end up teasing two outcomes together - it gets quite hard otherwise.
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You’ve probably heard the typical items to bet on sports whether it’s the point spread, moneyline, or point totals. Those are the major three categories when it comes to sports betting, but there are plenty of opportunities worth exploring.
Teasers are more advanced and can be a little more complicated than the industry’s more basic terms and may need some explaining, but we’re here to help you understand it all and how it works.
Teaser betting explained
A teaser bet is similar to parlay bet in that it requires multiple outcomes to be correct for the bet to be a winner. It’s an all-or-nothing style of bet that can be a useful tool when analyzing the betting board. A teaser is different from a parlay in that the sports bettor is in control of the lines whether it’s a point spread or point total. Spreads and totals may be modified in whichever direction the gambler decides to make for a better winning opportunity.
While the ability to shift numbers in your direction makes for an easier chance at a winning bet, the payout in a teaser bet is typically smaller than the payout of a parlay bet, which is another difference between the two strategies.
The basics of teasers
Teasers are most commonly used when betting on football and basketball, as both see a significant amount of points scored compared to the other major sports. With the point spread and point totals as large components of wagering both sports, it provides an opportunity for betting teasers.
Sportsbooks typically will give football bettors the chance to tease 6, 6.5, and 7 points. When you look at the point spread or point total for a particular game, you can choose to add your teaser points to the sides or totals you’d like for multiple outcomes.
One aspect to watch when analyzing NFL and college football teasers is key numbers. The most important numbers in football betting are three and seven, as those two numbers have the highest chance of winding up as the final deficit in games.
In basketball, sportsbooks typically will offer teaser numbers of 4, 4.5, and 5 points for sports bettors to choose from.
If all the combinations you select are winners, you win the bet. If just one of the outcomes falls short, the bet is a loser no matter how many winners you selected in the teaser.
Football teaser payout chart
The more points added to your preferred side or total, the less of a payout there will be if the bet eventually becomes a winner. For example, if you’re betting a football game and take seven points on the teaser, there would be less of a payout than there would be if you teased six points.
Sportsbooks may differ when it comes to payouts on teasers, but most have agreed on a standard of how they operate up to ten outcomes.
For six-point teasers:
- Two-team teaser: -110
- Three-team teaser: +180
- Four-team teaser: +300
- Five-team teaser: +450
- Six-team teaser: +600
- Seven-team teaser: +1,000
- Eight-team teaser: +1,500
- Nine-team teaser: +2,000
- 10-team teaser: +2,500
For 6.5-point teasers:
- Two-team teaser: -120
- Three-team teaser: +160
- Four-team teaser: +250
- Five-team teaser: +400
- Six-team teaser: +550
- Seven-team teaser: +900
- Eight-team teaser: +1,200
- Nine-team teaser: +1,500
- 10-team teaser: +2,000
For seven-point teasers:
- Two-team teaser: -130
- Three-team teaser: +140
- Four-team teaser: +200
- Five-team teaser: +350
- Six-team teaser: +500
- Seven-team teaser: +800
- Eight-team teaser: +1,000
- Nine-team teaser: +1,200
- 10-team teaser: +1,500
The payout increases quite a bit with the more teams you add, but the payout is less the higher the teaser number is.
Basketball teaser payout chart
Basketball payouts are similar to football. Here they are:
For four-point teasers:
- Two-team teaser: -100
- Three-team teaser: +180
- Four-team teaser: +300
- Five-team teaser: +500
- Six-team teaser: +700
- Seven-team teaser: +1,000
- Eight-team teaser: +1,500
- Nine-team teaser: +2,000
- 10-team teaser: +2,500
For 4.5-point teasers:
- Two-team teaser: -110
- Three-team teaser: +160
- Four-team teaser: +250
- Five-team teaser: +400
- Six-team teaser: +600
- Seven-team teaser: +900
- Eight-team teaser: +1,200
- Nine-team teaser: +1,500
- 10-team teaser: +2,000
For five-point teasers:
- Two-team teaser: -120
- Three-team teaser: +150
- Four-team teaser: +200
- Five-team teaser: +350
- Six-team teaser: +500
- Seven-team teaser: +800
- Eight-team teaser: +1,000
- Nine-team teaser: +1,200
- 10-team teaser: +1,500
Follow the lines
This is more for more experienced bettors but having a general sense of where a line will move before game time can provide an even greater chance at picking a winner. When the oddsmakers set their initial lines on the point spread or point total, it’s not uncommon for the number to change depending on where the majority of bets are coming in. If you have a good hunch on which side or total the largest amount of money will come in on, you might be able to snag a half-point or more to your side for an even larger advantage to your teaser.
Football has the most movement since lines are usually put out well in advance of the start of the game.
What about a push?
A push is the gambling term for a tie. If you put together a three-team teaser and one of the outcomes lands right on the number you’re betting on, that’s called a push. Sportsbooks handle pushes differently with teasers, but typically the outcome that resulted in a push is eliminated from the teaser bet. If it’s a three-team teaser, the bet that finished in a push is taken out as if it never happened and you’re now playing a two-team teaser.
Examples
Now that you’ve read the basics of betting teasers, let’s put what you’ve learned into examples to give you an even better understanding. Let’s dive in.
Betting teasers in NFL
After analyzing the betting board, let’s say you are interested in the home teams and want to add a little extra to their number with a teaser. In this scenario, you’re picking the Packers, Lions, and Eagles to cover in your teaser. Here’s what the board initially looks like before you add in your teaser points.
- Packers -3
- Lions +2
- Eagles -6.5
Let’s say you decide on a seven-point teaser. After putting that into effect, here’s what your gambling card looks like now:
- Packers +4 vs. Vikings
- Lions +9 vs. Bears
- Eagles +0.5 vs. Cowboys
The teaser added seven points to each outcome. Instead of needing the Packers to win by more than three points, now all the Packers need to do is win or lose by three points or less. The Lions need to win or lose by less than nine, and the Eagles turned from 6.5-point favorites to 0.5-point underdogs.
If all the outcomes wind up coming true, the bet is a winner. Since this is a three-team teaser at seven points each, the odds would be set at +140, which means a $100 bet would net a $140 profit.
If any of the outcomes fail, the entire bet is a loser.
Betting teasers in NBA
Let’s head to the NBA for our next example. For this one, say you think offenses are being undervalued in terms of how many points they will score on this day. While you’re confident the point total is going to go over, you protect yourself with a four-point teaser on the following slate of basketball games:
- Bucks/Celtics: 215
- Lakers/Cavs: 201.5
- Warriors/Thunder: 208
- Suns/Pistons: 203.5
Since you’re rooting for the over, we will subtract four points to make the point total mark easier to hit. After the teasers are placed, here’s what your betting card looks like now:
- Bucks/Celtics: 211
- Lakers/Cavs: 197.5
- Warriors/Thunder: 204
- Suns/Pistons: 199.5
Just like all teasers, you must succeed on each outcome for a winning bet. If you get a four-teamer teased at four points correctly, the odds are set at +300, so a $100 bet turns into a $300 profit with a winner.
Betting teasers in college football
For our third and final example of teaser betting, let’s look at a slate of college football games. In this scenario, we will take point spreads and point totals and combine them into a four-team teaser.
- Ohio State -10 vs. Michigan
- Clemson -7.5 vs. South Carolina
- Michigan State/Rutgers: 49.5
- Alabama/LSU: 55
For Ohio State, you think they will beat Michigan, but 10 points might be too much, so you tease that number down seven points, and you do the same with Clemson against South Carolina.
With Michigan State and Rutgers, you think the over will hit, so you subtract seven points. Finally, for Alabama and LSU, you are confident fewer points will be scored, taking the under and adding seven points.
After all the teasers are placed, the board now looks like this with your four-team teaser:
- Ohio State -3 vs. Michigan
- Clemson -0.5 vs. South Carolina
- Michigan State/Rutgers: 42.5
- Alabama/LSU: 62
What Is Difference Between Teaser And Trailer
In the example, let’s say Ohio State winds up beating Michigan by exactly three points with a final score of 23-20. That’s a push, so that bet is eliminated. Your four-team teaser is now a three-team teaser.
If you get the rest of them correct, three teams teased at seven points will be at +140 odds. A $100 bet nets you $140.
How to Bet Guides
Key takeaways on teaser betting
What Is A Super Teaser Bet
Sports bettors have the opportunity to modify the lines. All outcomes need to be correct for a winning bet. The more outcomes added, the higher the potential payout will be. The more points added to the teaser, the less the potential payout will be.