Teaser bets are a great way to enhance your point spreads wagers, because you choose the points spread action, not the bookmaker. All you need to do is choose two or more markets, pick your spreads, and the bet slip will calculate the new odds!
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How do they work?
Teasers are advanced parlay wagers that give you more control over the line. Essentially, you are adding extra points to either team. The odds will change as you change the point spread.
A teaser bet is easy to place, but first, you’ll need to understand how a regular point spread bet works.
At the best betting sites, you can bet the point spread on NFL games or a range of sports. These are like handicap wagers where the underdog is given a points advantage, while the favorite is given a points handicap.
A Teaser Bet Example
Tampa Bay Buccaneers (+105) are taking on Green Bay Packers (-125) in the NFL Play-Offs.
That means you can get odds of -120 on the Packers when the team starts with a -3 point handicap. Tampa Bay are the underdogs with a +3 point head-start. As such, their odds of +100 to win are slightly lower than the regular moneyline odds (+145).
Additionally, you like the look of the Buffalo Bills (-105) against Kansas City (-115).
You decide to back Tampa Bay and the Buffalo Bills in a parlay bet for total odds of +290.
However, you can now improve your position by including your parlay in a teaser bet.
Typically, an online sportsbook will give you three standard teaser options for football. Here are standard options for two teams:
- 2-team 6-point teaser
- 2-team 6.5-point teaser
- 2-team 7-point teaser
In basketball, where games can be closer, the teaser options are smaller. Typically, basketball teasers may look like this:
- 2-team 4pt teaser
- 2-team 4.5pt teaser
- 2-team 5pt teaser
However, you can normally back more than two teams and wager on Super Teasers where the point spread can be 10 points or higher.
In our example, we go for a 2-team six point teaser. The Buccaneers and Buffalo Bills now both have +9 point advantages. The odds have dropped to -120 but you have improved both teams’ chances of winning.
On the flipside, maybe you don’t like the odds on the hot favorite. By using teasers, you can wipe out the favorites’ handicap and give them a huge head-start in points. Your potential payout is lower but the likelihood of winning is greater.
How to place a Teaser Bet
It’s easy to place a teaser bet at your favorite sportsbooks. First, open the sportsbook lobby and then find the sport and market you want to wager on.
Once you find the game you want to bet on, click on the result you want under the ‘spreads’ tab and it will automatically be added to your bet slip.
As you add more selections, the ‘Teaser’ option will appear in your bet slip. Next, open your bet slip and select the teaser odds you want. These will be available in a drop-down menu.
If you’re happy with the teaser odds, type in your stake and hit the Place Bet button. Your potential winnings will also be displayed.
Remember, if you’re looking for other types of wagers to place, we have a comprehensive list of sports betting explained guides for you to read. Get the skinny on parlays, systems, and Over/Under bets all in one place.
Is a Teaser Bet a good bet?
At first glance, a teaser bet seems like a great idea. This reason is that you can increase the spread and improve your chances of winning.
However, good sports betting strategy is about choosing the right wagers to place. Teasers can be great wagers if you know key numbers on the teams taking part. Look at the form of the teams taking part and assess factors like home advantage and injuries.
At sportsbooks, you can place a wide range of bets, from basketball teasers and college football wagers to props bets on your favorite players. But good bets are subjective.
For example, in the NFL and college football, you might want to back the underdog and use the teaser bet to improve the number of points they begin with.
But first, look at their point spread to begin with. If the underdog has a spread of +6 and the teaser is +6.5, their new spread is +12.5. That’s enough of a cushion to withstand two touchdowns and still win you the bet.
Sometimes, a better option is to open up the Spread Alternative market under your chosen games. Here you’ll find a massive range of alternative spreads to wager on. For instance, for the Buffalo Bills v Kansas City game, you may find spreads for +3.5/-3.5 to +8/-8. You can, of course, combine several picks in one parlay.
You can bet to win on teaser bets at all good betting sites. Simply choose your favorite sports bet, find spreads and totals, or enjoy teaser cards on NFL, NBA, and a lot more.
Best Sportsbooks For Teaser Bets
The top online sportsbooks offer hundreds of markets and bonuses to use on games of your choice. Choose sports betting sites like PointsBet and Unibet in regulated states. You can even enter a special promo code when you sign up to claim an exclusive welcome bonus.