Teaser Betting Explained Understanding Teaser Bets
Most teaser bets involve a bet on two games, but they can include up to 10. A teaser bet for American football usually gives you the chance to ‘buy’ six points, and for basketball, it is usually four points. The bettor buys these points in order to give themself a better chance of winning the bet. The increased risk, involving multiple games instead of a game on its own, can reward customers in different ways depending on how many teams are involved.
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- In this guide, we’ll decode what these terms actually mean, look at examples, break down the risks, and maybe even help you rethink your betting strategy.
- In most cases, sportsbooks just drop that leg out and adjust the payout accordingly—the same as with a parlay.
- Teasers offer higher payouts than straight bets but lower than parlays.
Unlike teaser sports betting, a standard parlay does not give bettors the ability to adjust any elements of the odds or market. Once you’ve adjusted the totals, you’ll notice that the odds https://indiaroobet.com/ for the parlay will change. If you’re satisfied with the selection, enter your stake and confirm the bet. Remember that just like all parlays, the more legs you add the more you increase your chances of losing. Teaser bets offer bettors the chance to play oddsmaker and challenge the sportsbooks, though the price for playing oddsmaker is a smaller payout than a parlay bet.
At -120, the break-even point is 73.85%, still below Wong’s magic number. K49A Media may earn a commission for each real money depositing player it refers to a partner sportsbook. SportsBetting3.com does not make, take or place bets on behalf of its customers.
How to Use Teaser Betting
Adjust the lines until you’re happy with the new odds and potential payout. In a parlay, if one leg pushes, the bet reverts to a lower number of teams. For example, a three-team parlay with two wins and one push pays as a two-team parlay. As the points are decreased, the payout rate is increased in turn. That’s why reverse teaser picks are often better suited to college sports that could have sharper pricing oversight. It is still active, but your potential payout has just decreased.
Placing a Teaser Bet
For more information on pleasers, please visit the preceding link. As another team is added to the teaser and points are adjusted, the point changes may also follow the same incremental shifts. One example of a sportsbook that has fixed odds changes for teasers is BetMGM, which advertises its teaser odds table in its terms and conditions.
The more points bettors buy, the lower the payout for each successful winning bet, regardless of the number of picks teased. Teaser wagers are seen the most during the football season but is also frequently used during basketball season. The most common football teasers selections involve two-to-four teams while altering a spread or total from six-to-seven points. 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.
But just as the payouts are still enhanced in comparison to other single bets, they are notably reduced when compared to standard parlays. This betting option is also limited to only football and basketball at most sportsbooks, so they may not appeal to some types of bettors. The most common teaser is a two-team, six-point football teaser. For this teaser bet type, the bettor can adjust point spreads for the two games but will realize a lower return in the event of a win.
Be strategic with your point adjustments, and don’t get carried away with excessive teasing. Find the balance that offers improved odds while still maintaining a worthwhile payout. Some sportsbooks charge extra juice for NFL 2-4 selection teasers crossing 3 and 7 point margins of victory.
Moving beyond Wong, the value of a teaser varies wildly depending on the sport, the number of points bought, and the starting point spread or total. Betting intelligently makes a huge difference when it comes to teasers, perhaps more than any other wagering format. In the early 2000s, blackjack professional Stanford Wong conducted a rigorous analysis of teasers and published his findings in the now-famous book Sharp Sports Betting.
If you value convenience, privacy, and a wide range of betting options, opt for online betting. However, if you crave social interaction, immediate gratification, and the thrill of the casino floor, go with the traditional route of in-person sports betting. On the flip side, you’ve got in-person betting which provides that social interaction that some bettors crave. Imagine your feet planted in a bustling casino or sportsbook, high-fiving strangers when your team covers the spread or celebrating a last-minute touchdown.