What Is a Teaser Bet? At its most basic level, a teaser bet is a type of parlay bet in which you can pay to make the bet easier to win. You pay for this increased likelihood of winning in the odds that you pay for the bet. Normally, you can adjust six points for a football game and four points for a basketball game. In exchange for making your bet easier to win, you must pick at least two teams to bet on.
This increases the chances of the bet failing by at least one leg. And like a parlay bet, you must win all of the legs in a teaser to see any return. The sportsbook might also raise the odds for teaser bets, diminishing your payout even if you do win. In , the Supreme Court gave U.
It is still fully illegal in 17 states, including California, Massachusetts, and Texas. In four other states, there is some form of pending legislation. Example of a Teaser Bet Here are the spreads for two football games and how they can be adjusted as part of a teaser bet: Jets vs.
This is covered under your new 8. This is a good example of why a teaser bet is easier to win than a standard two-team parlay, because neither the Jets nor the Patriots covered the original point spread, but both would have covered in a teaser.
Though the six-point, two-team football teaser is most common, you can make teaser bets from almost any combination of bets, and pay to change the spreads on them. A teaser is really just a parlay with adjusted prices, so you can do almost anything. That includes: A six-team, 6-point teaser A two-team, point football teaser A four-team, 4-point basketball teaser And so on. You can even include over-under bets as part of your teaser, or any other statistic that you can make a standard bet on.
Teaser Sports Betting: Teaser Bet Explained Online sportsbooks allow for up to team teasers, or sometimes more, with odds greatly increasing, and some sportsbooks allow for up to point to point sweetheart teasers where a bettor drastically changes the line in exchange for drastically lower odds.
While football and basketball are the two main sports with which sportsbooks offer teaser bets, not all teasers are created equal. Just think about the numbers for a moment. The average NBA total is above combined points for both teams. And the average NFL total is in the 40s. But the standard football teaser at anywhere from to juice, depending on the sportsbook allows you to move the spread six points for each matchup on the ticket, while a basketball teaser offers only 4.
There is obviously a lot more scoring in a basketball game, but you have to pay more for the extra points. That's why most sharp bettors stay away from basketball teasers and stick with six-point football teasers, which we will discuss in more detail later in this article. How Does a Teaser Bet Work? The payout in a teaser doesn't change because of the teams involved - the payout is at a fixed number depending on the number of teams and the number of points for each segment. Each sportsbook sets their own teaser odds, though, and they can vary widely from book to book.
When you are placing a teaser bet, it's imperative to shop around to find the best payout odds for the number of teams you are betting. Some sportsbooks generally have better teaser payouts than others. Over the long run, a difference in payout can obviously make a big difference to the bottom line, so looking for the best deal is crucial.
The odds you want for football teasers are for a two-team, six-point teaser. However, many sportsbooks found that offering this juice opened them up to risk from sharp bettors, so many books raised their price to or even for this teaser bet variation. Teaser Bet Tie or Push This is the single biggest rule that you need to be aware of -- how the book handles ties or a push.
There are four different ways that a book can handle it if one of your games ends exactly on the number. Some books treat a tie as a win. Others reduce the number of teams in the teaser by one -- if you bet a four-team teaser and have a tie and three wins, then it will pay off like a three-game teaser. Others will treat a teaser with a tie as no action -- they'll return your bet -- as long as you win your other bets. Finally, some books will treat a tie as a loss. Each of those is a very different situation and can affect your return significantly.
You need to be aware of what the book offers and make sure that it fits your needs. There isn't necessarily one situation that is better than another, but you need to make sure that the potential return adequately reflects the risk you are taking.
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Of course, with this adjustment, the odds to win increase but that also means that you would not win the same amount that could be expected if you left it as a normal parlay. Why Bet On Teasers Teasers can be advantageous to bettors that are fond of using parlays, but are not comfortable with the particular spreads or totals that have been set within a desired game.
A teaser allows the line to be shifted for these parlay-type wagers so that the percentage of winning them goes up in theory. As such, it makes them easier to win, unlike the opposite of a teaser, which is a pleaser. A pleaser takes points away making it more difficult to win the line by increasing the spread. But then the payout is much higher.
For more information on pleasers , please visit the preceding link. Those are the established betting lines for the two matchups by oddsmakers and you could take them just as they are which is a parlay. But if you decide you want to take a teaser — let's use a six-point teaser as an example — the betting line is adjusted in your favor depending on which side of the betting line you want to bet.
So, say you like Green Bay and New England in this example. With a teaser, the betting lines will move so that the Patriots are now 3-point underdogs to Baltimore, and the Packers are now a pick'em against Detroit. Since the lines have moved, the payout is going to be less than leaving it as a parlay, but your odds of winning go up as it becomes much easier.
Other Types Of Teasers - Sweetheart Teasers Another type of teaser bet that not all gamblers know about is the sweetheart teaser. Sweetheart teasers are a special type of teaser bet that rewards players who understand point spreads better than the average gambler. Available at some sportsbooks, especially those that cater to the US market, so-called sweetheart teasers exist that give the gambler even more points to play around with anywhere from 10 or 13 but there is a catch.
Sweetheart teasers require that you pick at least four to six teams. Pushes on sweetheart teasers make your entire bet a losing proposition. Getting a chance to place a teaser bet on Bovada is one of the huge plusses that players check out. For example, we have these original odds: Dallas Mavericks vs. Toronto Raptors The 4-point teaser could look something like this: Dallas Mavericks vs.
Toronto Raptors Reverse Teasers Teaser bets are about buying points. However, the reverse is also an option where sportsbooks allow you to sell points. This is known as a pleaser or reverse teaser. Reverse teasers are hard to hit. But, if you want to try them out, keep in mind that the sharper the market, the likelier it is that the handicap between the two markets is accurate.
The Bottomline The concept of teaser bets is about having a parlay bet, where you can pay your sportsbook to improve your chances of winning. The very common ones allow bettors to adjust the spread of a football bet while combining two or more games into the same bet. A bet becomes riskier with each game you add, but the payout also improves with every individual game included in the bet. He is data obsessed. In the past he has worked both as a video performance analyst and provided biometric performance testing and analysis for professional rugby teams.
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