What's A Teaser Bet

Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.

DDC Video 8 What is a teaser bet and how does it work? What are the pros and cons of playing a teaser bet? How is a teaser similar to a parlay? A Teaser bet is only allowed as part of a parlay or accumulator combination bet. It is an American betting term that is not used much, if at all, in the UK or Europe. A Teaser applies when you are making up a parlay of bets with points spreads. It is when you change the point spread to give your bet a better chance of winning.

NFL teaser betting is more common with intermediate or advanced bettors, but it isn’t a hard concept to understand – I will explain how NFL teasers work below.

What is a NFL Teaser Bet?

A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.

There are three main NFL teasers – 6, 6.5 and 7 point teasers.

In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.

The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets “parlayed” (cannot do single teaser bets).

NFL Teaser Example

Here is what a two team 6.5 point NFL teaser bet would look like:

Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5

In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2

In order for you to win the teaser bet both incomes would have to be correct. Casino with roulette in los angeles. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).

Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.

NFL Teaser Bet Payouts

Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.

Here are the NFL Teaser Payouts at 5Dimes (subject to change):

6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)

6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)

7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)

Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.

Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.

What

A teaser is a combination between 2 and 10 football or basketball wagers. You adjust the point spreads and/or totals in your favor in exchange for a lowerpayout. When your teaser includes a point spread, you can decrease the spread for the favorite (or increase the spread for the underdog). When the teaser includes a total, you can increase the “under” or decrease the “over.”

  • MyBookie will grade the entire wager as a loss if any part of the teaser results in a loss. There are no partial payouts.
  • A push in a regular teaser of 3 or more teams will reduce the number of plays in the teaser. For example, a 5-team teaser that results in two pushes will become a 3-team teaser, and the payout will be recalculated based on the new number of plays.
  • A push or tie in any 2-team regular teaser will result in a push for the whole teaser, unless the other game gets graded as a loss. If any portion of a 2-team teaser is graded “no action,” the entire teaser will be graded “no action,” unless the other team is graded as a loss.
  • MyBookie will grade as “no action” any event which does not take place on the date specified in the wager, and the teaser will reduce accordingly.
  • In the event that any teaser selection pushes or ties, the following rules apply. For special teasers, any tie or push is considered a loss. For 2-team teasers, tie + win = push, and tie + loss = loss. For teasers of more than 2 teams, a tie reverts the teaser to the next lower level.

Special Teasers

– NFL/NCAA Football Special Teasers are for 10 points (3 teams) and 13 points (4 teams).
– NBA/NCAA Basketball Special Teasers are for 7 points (3 teams) and 9 points (4 teams).
– For special teasers, any tie or push is considered a loss.
– For special teasers, any no action or cancelled game will cause the entire teaser to be graded No Action/Cancel.

How Do Teaser Bets Work

Example:

What Is A Teaser Bet In Basketball

2-Team, 5-point Teaser For $100

Bulls +4, Raptors -3

The 5-point teaser converts the lines to Bulls +9 and Raptors +2. The payout in a 2-team, 5-point basketball regular-season teaser is 14/10. In this case, you will lay $140 to win $100.

To learn more about sports betting, visit our How to bet Guide section.

What Is A Betting Teaser Card

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