Teaser Betting Strategy and Tips
Teaser bets are a popular type of sports wager, especially for football and basketball. Their flexibility and increased probability make them a go-to option for many gamblers worldwide.
If you’re eager to learn about the ins and outs of teaser betting, you’ve come to the right place. Read on to learn what a teaser bet is using examples from the NFL and the NBA, along with the pros and cons. We also highlight our expert strategy tips and advice.
What Is a Teaser Bet?
A teaser bet is a type of parlay wager in sports betting. Typically found in football and basketball, teaser betting involves adjusting point spreads or totals for multiple games. Shifting the lines in your favor increases your chances of winning. However, the lower odds produce smaller potential payouts.
The exact payout varies based on the number of selections within your teaser wager and the number of points by which you adjust the lines. Some sportsbooks provide payout tables that explain how much you can win based on the sport and the number of points teased.
If a game in your teaser bet ends in a tie and results in a “push,” the sportsbook removes that game from the wager. It then recalculates your payout based on the remaining games. For example, if one game pushes in a five-game teaser, it would become a four-game teaser with revised odds.
How Does a Teaser Bet Work?
To help you better understand how teaser betting works, let’s look at a few examples from popular sports and leagues. Below, we cover an NFL point spread teaser and an NBA total teaser.
Example 1: NFL Teaser Bet Example (Point Spread)
Let’s say you want to place a 6-point teaser bet on two NFL games. Here are the original lines:
- Game 1: The Kansas City Chiefs are favored by 7 points against the Denver Broncos.
- Game 2: The New York Giants are underdogs by 4 points against the Philadelphia Eagles.
And here are the adjusted lines:
- Game 1: Kansas City Chiefs -1 (adjusted from -7)
- Game 2: New York Giants +10 (adjusted from +4)
Thanks to the adjusted lines, your chances of winning increase. If the Chiefs win by more than 1 point and the Giants lose by fewer than 10 points or win the game, your teaser bet will be successful. However, your wager will lose if either team fails to hit the adjusted spread. If the Chiefs win by exactly 1 point, a push occurs.
The sportsbook will have a teaser bet calulator to determine your payout. While each calculator is slightly different, you can expect an even-money payout (or slightly better) on a two-game, 6-point teaser.
Want to learn more? Check out our guide to NFL teaser betting.
Example 2: NBA Teaser Bet Example (Game Total)
This example looks at total teaser betting in the NBA. Let’s say you want to place a 4.5-point teaser on two NBA games. Here are the original lines:
- Game 1: The total for the Los Angeles Lakers vs Golden State Warriors is 220 points.
- Game 2: The total for the Chicago Bulls vs Milwaukee Bucks is 215.
You then tease the “over” for both games and adjust the lines as follows:
- Game 1: The new total is 215.5 (adjusted from 220).
- Game 2: The new total is 210.5 (adjusted from 215).
This means both games can produce fewer points, and your teaser bet will still succeed. You win if the Lakers vs Warriors game produces over 215.5 points and the Bulls vs Bucks game produces over 210.5 points. Conversely, you lose if either game fails to hit the adjusted total. A push occurs if the game lands exactly on the total.
Typically, the payout for a two-game, 4.5-point teaser in the NBA will be slightly less than even money. Again, this depends on the teaser bet odds and the sportsbook’s payout structure.
How To Place a Teaser Bet
Now that you know what a teaser bet is, let’s look at how to place this type of wager. The following step-by-step guide walks you through the process, from picking games to confirming your sports betting teaser.
Step One — Select the Games You Wish to Wager On
Choose the games you want to include in your teaser bet. Remember, you need to include at least two games in a gambling teaser.
Step Two — Adjust the Lines
Decide whether to adjust the point spread or the total. Adjust the lines until you’re happy with the new odds and potential payout.
Step Three — Add to the Bet Slip
Once you’ve chosen your games and adjusted the lines, you’re ready to add the selections to your bet slip.
Step Four — Choose Your Bet Size
Enter the amount you wish to wager in your bet slip. You can check the potential payout again at this stage.
Step Five — Confirm Your Wager
Review your bet slip to confirm everything is correct before placing your teaser bet. You’ll then receive confirmation from the sportsbook.
Step Six — Track Your Bet
Monitor the game you’re wagering on and track your bet’s progress. If the sportsbook accepts cashouts, you may be able to limit potential losses.
What Are the Pros and Cons of Teaser Gambling?
As with all sports betting wagers, teaser betting comes with benefits and drawbacks. Here are a few lists to help you understand these pros and cons.
Advantages of Teaser Bets
- Increased Flexibility: Betting teasers let you move point spreads and totals to better positions for more favorable lines.
- Greater Probability: Teaser bets’ flexibility lets you access wagers with higher chances of winning. Moving lines in your favor lowers the risk attached to the bet.
- Combined Selections: Wagering on more than one team or game is exciting, with bigger payouts than regular single bets.
Disadvantages of Teaser Bets
- Lower Odds and Smaller Payouts: A teaser bet’s increased probability of success results in lower payouts than other types of wagers.
- Increased Complexity: Teaser bets can be more complex than regular bets. Inexperienced bettors can find line adjustments confusing.
- Hidden Vig/Juice: Teasers often have a higher hidden vig/juice than other bets. This means the sportsbook may have a greater edge than it appears.
Are Teaser Bets Worth It?
Whether teaser bets are worth it depends on factors, such as your betting goals, risk tolerance, and budget. Teasers are great for bettors who like using strategy and flexibility to take advantage of low-risk wagers. The ability to adjust the lines to suit your preferences allows for plenty of money-making opportunities.
That said, the more favorable wagers come with lower odds and smaller potential payouts. It can be profitable in the long run if you can devote the necessary time and effort. However, teaser betting can become frustrating if you don’t have the patience to wait for long-term wins.
Like all betting strategies, it’s vital to approach teaser betting with a clear understanding of how the market works. Familiarize yourself with the ins and outs before getting started.
Teaser Betting Strategy Tips
Every sports betting teaser strategy carries a bit of risk. However, if you’re serious about teaser betting, we can share our top tips to increase your chances.
Study Stats and Trends
When choosing the games and teams you’re wagering on, studying the necessary stats and trends is essential. Consider winning/losing streaks, head-to-head records, player performance, injuries, and other relevant factors.
Target Low-Scoring Games for Totals
When it comes to total teasers, target games with lower projected scores. Since low-scoring games have fewer points, each point has a bigger impact on the outcome.
Avoid Teasing Point Spreads Through Zero
Teasing a spread through zero involves adjusting a team’s spread so it crosses the 0 line to the opposite side. For example, moving a -1 favorite to +3. This reduces the value of the teaser, especially since NFL games rarely end in a tie.
Focus on Key Numbers in Football
When teasing football games, keep key numbers in mind. Due to the scoring system for touchdowns and field goals, certain margins of victory are more common than others. This means that numbers such as 3, 4, 6, 7, and 10 are more important.
Teasers in Sports Betting: Key Takeaways
Teaser betting can be hugely enjoyable and profitable. While the odds are lower than in other markets, the added flexibility lets you tailor parlays to suit your budget and preferences.
Now that you’re familiar with teaser bets and how they work, you should be more than ready to give it a go. Our recommended sports betting sites accept teasers, but we recommend starting with BetUS. Not only does BetUS offer NFL and NBA teasers, but they also allow you to place teasers of NCAA divisions.
