What is a Teaser Bet in Sports Betting?
Ever wondered what is a teaser in sports betting? This term can seem confusing, especially if you’re new to online betting. That’s why we’re here to explain all you need to know about this bet type, including how it works and practical examples.
A good knowledge of this betting strategy can help you reduce risk and improve your chances of winning. Read on to discover how teaser bets truly consist of.
🔑 Key Takeaways
- Teasers allow you to adjust the games you’re betting on
- You can combine two or more bets to your teaser bets
- This betting type usually offers lower payouts compared to parlays
Teaser Bets Definition
Teasers are similar to parlays, but with a twist. You get to adjust the point spreads a bit to make things easier when combining multiple game bets. However, it offers a lower potential payout compared to standard parlay bets.
Teaser bets are mostly used in football and basketball. Most sports betting experts see it as a way to spice up your betting game by giving you more options and potentially more value for your money.
How Does a Teaser Work in Betting?
In teaser bets, you get to adjust the point spread or over/under lines to your ideal point. Renowned betting experts from SureBet describe them:
It’s a way to move the point spread or the over/under a designated amount of points in your favor, making them an attractive option for those looking to gain an edge.
However, with a teaser, you have to get every single bet right for it to pay out. That high-risk, high-reward factor adds an extra layer of excitement to sports betting.
Example of Teaser Bet in Football
Now, what is a teaser bet in football? Let’s use an example from the NFL playoffs to illustrate how it works. Say you want to bet on two games — the Houston Texans as 8-point favorites over the Cleveland Browns, and the Kansas City Chiefs with 10 points over the Miami Dolphins.
With a 6-point teaser bet, you can adjust those spreads to make them more favorable for you. For the Texans game, instead of them having to win by more than 8, the spread drops to just -2. And for the Chiefs, their spread goes from -10 down to -4.
So now, for your teaser bet to win, the Texans only need to beat the Browns by more than 2 points, and the Chiefs have to win by more than 4. By using the teaser, you shifted those lines in a way that gives you a better chance of getting both picks right.
Types of Teaser Bets
Various types of teaser bets are available for you to choose from, each with slight variations but generally similar. Check them out below:
Standard Teasers
The standard teasers are the most common types of bettors use. For football games, these let you adjust the point spread by 6, 6.5, or 7 points to make it more favorable for you. In basketball, it’s usually 4, 4.5, or 5-point adjustments.
Here’s a standard teaser bet example: let’s say the original spread is Patriots -7 over the Dolphins. With a 6-point teaser, you could make the Patriots -1 instead. Or go with a 7-point teaser, where you just need them to win—no spread to cover.
Super Teaser
In a super teaser, you have to guess right about at least three games or events. What sets it apart from your regular teaser is that it lets you adjust the point spreads even more.
Let’s say you’re betting on a football game. With a regular teaser, you might get to tweak the point spread by six points either way. But with a super teaser, you could go adjust it by up to 14 points or even more. It’s tougher to win, but if you do, the payout could be huge.
Special Teasers
Special teasers are a bit different from standard teasers. They give you options that you usually don’t find elsewhere, like adjusting the point spreads by unusual amounts.
For instance, you might come across a 3-team, 10-point teaser or a 4-team, 13-point teaser.
Placing a Teaser Bet on Popular Betting Platforms
Now that we’ve explained the teaser bet meaning, you can wager on various platforms without any hassle. Most popular sportsbooks have user-friendly apps and websites that allow you to easily locate any sports matches and pick the teams you want to stake on.
Check out some top bookmakers to place a teaser bet below.
How to Bet a Teaser on the BetMGM App
The BetMGM app has a straightforward interface that makes it easy to place your teaser bets. You simply need to visit the website or download the app to get started.
Here’s how to bet a teaser on BetMGM app:
- Log in to or create a BetMGM account.
- Navigate to the sports section and select either football or basketball.
- Choose at least two games and add them to your bet slip.
- Select the teaser tab on your bet slip.
- Adjust the spread and/or total using the slider.
- Enter your stake to see the potential payout.
- Confirm and place your bet.
Betting a Teaser on DraftKings
If you choose to place your teaser wagers on DraftKings, you can easily do so. The site is well-structured, with every event and market properly categorized. Let’s explore how to bet a teaser on DraftKings below:
- Open the DraftKings Sportsbook app and log in.
- Find the events you’d like to include in your teaser.
- Select the teaser option, and adjust the point spreads or totals to your liking.
- Enter your wager amount.
- Review your bet slip and confirm your bet.
Teaser Betting on FanDuel
The leading bookmaker, FanDuel allows teaser wagers on various games. You can easily navigate the site and locate your preferred match to stake on. Here’s a concise guide on how to bet a teaser on Fanduel:
- Visit the FanDuel Sportsbook app and sign in.
- Select the NBA games or other sports events for your teaser.
- Add the point spread or totals to your bet slip.
- Choose the ‘Teaser’ option on your bet slip.
- Customize the point spreads for each game.
- Enter your wager amount.
- Review and confirm your bet.
Strategies for Successful Teaser Betting
If you want to improve your chances of making successful bets with teasers, considering some strategies can help.
They can help you know when to use the right techniques and make informed wagers. Let’s explore some key teaser bet strategies to note.
Evaluating Teaser Bet Payouts
To understand teaser bet payouts, you have to consider two key factors: how many games you’ve combined and the points adjusted. Generally, the bigger the adjustments, the lower the payout odds will be compared to a standard parlay.
For example, if you’re betting on a 6-point, two-team NFL teaser, the odds on that might be around -120. That means you’d need to risk $120 to win $100 if both your adjusted picks come through. If you add more teams to the bet, the potential payout will increase, but so will the risk.
Here are the average odds on 6-point teasers in most bookmakers:
| Teaser Size | 6-point odds |
|---|---|
| Two-team teaser | -120 |
| Three team teaser | +160 |
| Four-team teaser | +235 |
Most analysts love using a teaser bet calculator to compare payouts based on teams included and points adjusted. These tools help you know exactly what kind of return you can expect for taking on that risk.
Betting strategists recommend using teasers smartly and knowing the best spread to use for different sports events like NFL games and basketball.
Advanced Teaser Betting Strategies
Want to maximize your teaser betting? The following tips can help you make value wagers:
- Crossing Key Numbers: For NFL teasers, I usually focus on adjusting spreads that cross the key numbers 3 and 7. This is because a ton of NFL games are decided by exactly those scoring margins. So teasing a spread from something like +2.5 to +8.5 using a 6-point teaser, helps me to cross the 3 and 7 marks, giving me a way better chance of winning.
- Don’t tease totals: I don’t recommend teasing totals in NFL betting because the scores rarely end up on specific numbers, which makes it hard to predict. Even though there are important numbers to consider when betting on over/unders, they don’t occur often enough to make teasing totals a reliable strategy.
- Use the right teaser type: Choosing the right teaser is crucial, and most sportsbooks offer a range of options to pick from. For example, if the point spread is close, I usually go for a 6-point teaser and it gives me a higher winning chance.
Remember that successful teaser betting is more than simply picking the winning teams. Experts recommend that you must fully understand the math behind the odds and payouts. Plus, shopping around for the best lines can help you make the most out of your bets.
So, Will You Place a Teaser Bet Tonight?
We’ve explored the necessary details about teaser betting and practical examples of how this wager type works.You can use this strategy to improve your chances of winning football and basketball wagers.
Want more tips to enhance your online gambling? Check out our comprehensive education guide on online sports betting.
Frequently Asked Questions
What is a 7 Point Teaser Bet?
A 7-point teaser allows you to adjust each point spread by 7 points in your favor. For example, if the Patriots are -7, with a 7-point teaser, it becomes a pick’em, meaning you only need them to win the game. The catch is that the potential payout is reduced compared to betting on the original spreads. However, it increases your chances of winning by providing more favorable lines.
Teaser Bet vs. Parlay Bet?
Teaser bets and parlays both involve combining multiple wagers into one, but they work a bit differently. With parlays, you need all your bets to win at the original odds. Teasers, on the other hand, let you adjust the point spreads, lowering not only the risk but also the potential reward.
Most bettors consider teasers less risky, even though they offer smaller payouts compared to parlays. People usually go for teasers when they want to spread their bets across several games, while parlays are for those who feel confident in their picks and want bigger payouts.
Experts suggest using teaser bets when the adjusted spreads cross key numbers in football, like 3 or 7, which are common margins of victory. Parlays, however, are recommended for bettors aiming for larger payouts and are okay with the higher risk of needing all bets to win at the set odds.