Teaser Betting – The Ultimate Guide
Pros & Cons
- Control Your Risk – Teaser bets allow you to adjust the game lines in your favor, reducing the risk of losing compared to parlays.
- Increased Probability of Winning – By teasing through key numbers (for example 3 and 7 in NFL), you can increase the probability of your bets winning.
- Higher Payouts Than Straight Bets – Just like with parlays, you’re combining multiple selections into one bet, and all must win for it to succeed. This increased risk means you’ll get a higher payout if your bet wins.
- Flexibility – You can pick which games and lines to include in your teaser, tailoring the bet to your analysis.
- Entertainment Value – Some bettors enjoy putting money down on multiple simultaneous games, which can add additional excitement to the betting experience.
- Lower Payouts Than Parlays – While teaser bets offer higher payouts than straight bets, they usually provide lower payouts than standard parlays. This is due to the reduced risk from adjusting the lines.
- Can Be Difficult to Win – Despite the fact you’re moving the lines in your favor, teaser bets can still be challenging to win as each leg of the bet must succeed.
- Potential Pushes – If the final point spread or total lands on the teased number and the bet ties, this may be considered a loss depending on the sportsbook’s rules.
- Reduced Value – Sportsbooks often increase the vig on their teaser odds, making them less favorable than standard game lines.
What is a teaser bet?
A teaser bet is a sports wager similar to a parlay. Placing one requires at least two point spread or totals (over/under) bets on different games. The key feature of a teaser is the bettor can then adjust the spreads or totals in their favor by a certain number of points in exchange for a reduced payout compared to a standard parlay.
Is a teaser different from a parlay?
Teasers and parlays are very similar. Both require multiple selections, but in a parlay, you’re taking the lines given by the bookmaker, whereas a teaser allows you to adjust the lines in your favor.
What is the best number of points to tease?
It depends on the sport you’re betting on. 6, 6.5, or 7 are common amounts for NFL teasers, while 4, 4.5, and 5 are popular for basketball. Teasing these numbers can be advantageous because they allow you to move through key point differentials in each sport, such as 3 and 7 in football. In any case, your own analysis is crucial. Teasing can be a valuable tool that provides an advantage if you think a team is undervalued or overvalued by the bookmaker.
Can you tease both sides of a game?
Yes, but not within the same teaser. A teaser bet requires at least two spreads or totals bets on different games. There are also very few scenarios where teasing both sides of a game is beneficial, so be sure to do plenty of research before placing such a bet.
Are teaser bets profitable in the long run?
Teaser bets can be profitable in the long run, but — as with any form of sports betting — there are no guarantees. For the best chance of making a profit, the usual advice applies, such as a deep understanding of the sport you’re betting on, ample research and analysis of each team, and disciplined bankroll management. Bettors may also want to consider that teasers often come with higher vig than other wagers.
Can I cash out a teaser bet?
Whether you can cash out a teaser bet depends on the rules of your sportsbook and can vary from site to site. To be sure, check the terms and conditions before you wager. You may also see an indication on your betslip if your teaser is eligible for early cash out.