If you've been availing yourself to USA Players information pages, including the ones that explain the different types of wagers, you know what a Parlay bet is, well consider a Teaser bet a modified version of the Parlay bet. Teaser bets may appear complicated, so a good way to grasp them is to simplify them down to separate smaller bets, then look at the whole, and that's the essence of the Teaser. The objective is to offer the player the chance to bet on point spreads or game totals to lessen the overall risk to the player. Adjusting, or teasing the spreads or totals gives the gambler a greater chance of winning, however, it also results in reduced odds.
To help you better understand Teaser betting, consider this example: the Detroit Lions are playing the Chicago Bears. The teaser bet lets the gambler wager on the spread and/or the total points. First, we'll use the point spread for the contest: The gambler chooses Detroit (I heard that) to win at +15.0 points, meaning that the Lions must beat the Bears, or lose by no more than 15 points. Now, let's say the gambler wagers on the total points scored in the game, using the under option: The gambler determines the game total (combined points of both teams) to be 60 or under.

A teaser is another type of wager available to bet on sports. A Teaser is not a straight bet, but is more similar to a parlay, but comes with much different odds and odds of winning. Often under-utilized, the teaser can be a valued weapon in a bettor’s arsenal if they know how to use them correctly.

Up to this point, for this to be a winning bet, the Lions have to win, or lose by no more than 15 points and the points scored in the game have to total 60 points or under. Finally, to make it a teaser bet the gambler is offered a 7, 8, or 9 point teaser on the wager. The gambler chooses an 9 point teaser, meaning 8 more points have been added to the spread (15 + 9 = 24 point spread), and the points are added to the total 60 + 9 = 69 pt total - or under. In the final analysis, in order for this teaser bet to win, the Lions have to win outright or lose by no more than 24 points. In addition, the total points in the game must be 69 or under. As illustrated here, it's best to consider teaser bets in pieces... basing your wager decision on each individual part of the bet.

Online Sports Betting at SportsBetting.ag. SportsBetting.ag is your ‘top spot’ for the best in sports betting excitement. No matter what your favorite game might be you’ll find it on the board along with a huge variety of sports and betting. A teaser is another type of wager available to bet on sports. A Teaser is not a straight bet, but is more similar to a parlay, but comes with much different odds and odds of winning. Often under-utilized, the teaser can be a valued weapon in a bettor’s arsenal if they know how to use them correctly.

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Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.

NFL teaser betting is more common with intermediate or advanced bettors, but it isn’t a hard concept to understand – I will explain how NFL teasers work below.

What is a NFL Teaser Bet?

A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.

There are three main NFL teasers – 6, 6.5 and 7 point teasers.

In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.

The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets “parlayed” (cannot do single teaser bets).

NFL Teaser Example

Here is what a two team 6.5 point NFL teaser bet would look like:

Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5

Sports Betting Teaser Odds

In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2

In order for you to win the teaser bet both incomes would have to be correct. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).

Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.

Sports Betting Teasers

NFL Teaser Bet Payouts

Sports Betting Teaser Calculator

Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.

Here are the NFL Teaser Payouts at 5Dimes (subject to change):

6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)

6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)

6 Point Teaser Odds

7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)

Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.

Sports Betting Teaser Rules

Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.