What is a Teaser Bet in Sports Betting?

Learn what a teaser bet is in sports betting and how it works if you place this type of bet.

Sports betting provide undoubtedly a great escape. In addition, hundreds of wagering options are available for players in sports betting. Apart from standard gambling methods, such as point spreads, money lines, and game totals, Teaser Bet offers players a unique form of betting. It is a part of the parlay family that allows players to adjust lines on point spreads and game totals to get better odds. Teaser bets are available on different sports like football and basketball. However, the range of odds can easily move up or down by many points.

Bookmakers provide daily teaser cards that allow players to place a parley bet with as many as 15 various selections. The standard Teaser lets you bet on two games as a parlay bet. Adjust the spread of each game to make it more likely you will win. You need to choose at least two teams to bet on in exchange for making your bet easier to win. However, this will increase the chances of the bet failing by at least one leg. Like a parlay bet, you must win all the legs in a teaser to see any return. In addition, the sportsbook will also increase the odds for the teaser bets, diminishing your payout even if you win.

How Does Teaser Bet Work?

The most common Teaser is a six-point teaser that allows you to add or subtract 6 points from a total whichever way you want. In addition, some sportsbooks will provide you with varying point sizes for teasers. So you might also discover 6.5-point and 7-point teasers. Teaser Bet includes two or more bets, and the more bets include, the higher the potential payout and the higher risk. Similar to parlay betting, every bet included in a teaser must win for the Teaser to pay out. The entire teaser grade is lost, even if you lose just one game. 

In a teaser, you can move the total six points for two different bets in a parlay. If the Giants are a +7 point underdog, they are now at +13. If the Saints are a -3 point favorite, they are now a +3 underdog. Of course, the payout is not very high in Teaser Bet because you are moving the points in your favor. Furthermore, if you place a parlay bet on those two teams without the extra six points, the odds would be closer to +260. On the other hand, they drop to around -110 in the Teaser. 

As the name indicates, adding several plays in a Teaser Bet is the most famous method to get those odds back up for a huge payout. If you have put five teams into a 6-point teaser rather than two teams, the odds will jump to about +520. 

How Does Teaser Bet Change Football Betting Lines?

While they may differ, football teasers generally involve three key numbers that depend on the sportsbook. However, those numbers are 6, 6.5, and 7. In addition, bettors can pick to move the favorite line lower or push the underdog odds higher. 

To understand it perfectly, here is an example of how odds would move on an NFL bet on a six-point teaser card. In this example, all three favorites price above seven points, the second most common margin of victory after three points.

Original Football Odds:

  • Dallas Cowboys -7.5 vs. Washington Redskins
  • Green Bay Packers -7.5 vs. Detroit Lions
  • New England Patriots -8.5 vs. Miami Dolphins

Of course, bettors may like the favorite in all three games, but providing more than a touchdown is not appealing. Therefore, it is a perfect time to place a 6-point Teaser Bet as the odds on each match drop below the two most common margins of victory.

6-Point Teaser Bet Football Odds:

  • Dallas Cowboys -1.5 vs. Washington Redskins
  • Green Bay Packers -1.5 vs. Detroit Lions
  • New England Patriots -2.5 vs. Miami Dolphins

Of course, there is a hook with Teaser Bet as the payout decrease from the return paid on standard parlays. However, the number varies by the sports book, but the price on a 6-point teaser is generally set between +150 and +180 on three-team bets. You will get a $150 to $180 return on a $100 wager. That return is much more than the $596 profit you earn from a standard parlay with -110 odds.

Conclusion:

Teaser Bets are a common variation of parlay bets. In Teaser Bet, you can pay to increase your chances of winning on individual games. However, the most common Teaser allows you to adjust the spread of football matches in exchange for combining two or more matches into one bet.

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