Have you heard of a teaser bet? In short, it’s like a parlay, but you can alter point spreads in your favor to adjust the odds with corresponding numbers.
If you’re new to online sports betting, you might be interested in the different types of betting strategies. If that’s the case, this guide is for you.
Check out our overview of teasers and some additional sports betting tips on how to use this type of wager for the biggest payout.
What are Betting Teasers?
A teaser is similar to a sports betting parlay because you need to win all of the wagers involved in the stake to receive the payout. However, teasers do not let you cash out as much as the parlay would. The advantage is manipulating point spreads and over/under totals for your wager.
Most online sports betting platforms offer alternate point spreads, so you can build a custom teaser. This allows players to adjust the line on a single game or several matches for a one-team wager. The payout increases when points are added.
Types of Teasers
The 6-point, two-team teaser is the most popular, but if you’re experienced in sports betting and feel more comfortable with your wagers, you can get creative with your combinations.
Again, since a teaser is similar to a parlay but with adjusted prices, you have a lot of room to come up with different combinations to increase your odds at a substantial payout. Following sports betting tips can help you become a pro at this type of bet.
Some other examples include:
- Six-team, six-point
- Two-team, ten-point
- Four-team, four-point
NFL Teaser Example
Let’s look at what a 6.5 two-team NFL teaser would look like:
You select two teams, Team A with a +3 and Team B with a -4.5. Since this is a 6.5 teaser, the line will be altered, so Team A is now at +9.5 and Team B is at -2.
The only way for you to win the payout in this sports betting type is if the outcomes for both teams are correct. In some cases, if one of the selections was a push, the wager would be refunded. However, some online sports betting sites will consider this a loss if one of the selections loses.
The Payout
Teaser payouts will also vary depending on the algorithm set up by individual online sports betting sites. Each algorithm determines the payout based on these three factors:
- The sport
- The number of points you are getting
- The number of games included in your wager. To cash your wager, you need to win every leg.
The more points you use for your wager, the lower your payout will be, but the more teams you include, the higher your payout will be.
Frequently Asked Questions
Are you looking for extra sports betting tips on this type of wager? Take a look at these FAQs.
What is the Biggest Difference from a Parlay?
With a parlay, bettors choose a circumstance to wager on, depending on the odds of it happening. The teaser allows the wager to alter the odds and combine wagers.
What Does it Mean When a Teaser Leg Pushes?
Remember that the push is when the game lands on the exact spread in sports betting. The bettors get their wager back without losing any juice. A push will drop that leg out, so the payout is adjusted.
What is the Difference Between a Pleaser and a Teaser?
With teasers, you’re buying points for your wager. However, a pleaser is the opposite. You’re selling points in at least two of the games in the wager for a higher payout. You can sell a certain amount of points to find the percentage of how many legs you need to win to at least break even, which isn’t possible with a teaser.
Can I Tease College Basketball and Football Games?
A top sports betting tip is to not tease college games. This is because the range of outcomes is wider, making them less profitable than professional games even when playing key numbers.
Are There Numbers I Shouldn’t Use?
You never want to tease through 0 when wagering on a football game. This would take a team playing from -4 to +2 because NFL games are not designed to end in a tie and never do in college ball. This would force you to lose out on points you’re paying for.
Knowing When Teasers are a Sensible Wager
This type of sports betting is a fun alternative to the simplistic version of the parlay. You can alter the odds and combine wagers on a variety of team and game combinations.
With our access to online sports betting platforms and exclusive sports betting tips, you’ll enjoy a creative way to payout on a spread. Give yourself plenty of time to research, strategize, and practice.