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The Grueling Truth - Where Legends Speak / Betting Guide / Teaser Bets Explained | What Is a Teaser Bet and How Does it Work?

Teaser Bets Explained | What Is a Teaser Bet and How Does it Work?

Publish Date: 04/23/2024
Fact checked by: Simon Briffa

If you are new to sports betting, you may, or may not have heard of a teaser bet. There are so many different bets to understand, and the different terms might sound a bit daunting at first. But we are here to help you…

In this guide, we take a look at teaser bets. We discuss exactly what they are, how to make the bet, different strategies to use, the pros and cons of teaser bets, and so much more. Keep reading as we provide practical examples to help you on your sports betting journey.

What is a Teaser Bet?

A teaser bet is a type of parlay bet where the bettor makes adjustments to the points spread or totals over/under to suit themselves better. As with a parlay bet, it involves many bets in one, and all these bets need to win for the teaser bet to be successful overall. If one of the legs (bets) loses, you will lose the entire teaser.

If you do win, the payout is going to be less than what you would get for a normal parlay, though. And that’s for the simple reason that you adjust the points in your favor in the beginning. We’ll explain more about that below.

A teaser bet can involve two teams or as many as a whole tournament’s schedule.

How Does a Teaser Bet Work?

Simply put, a teaser bet is one that you will pay to make adjustments in your favor to make the bet easier to win. You will adjust the point spreads to give you a better chance of winning. The most common type is a 6-point teaser. Here, you can adjust the points by adding or subtracting 6 points.

Your teaser needs to involve a minimum of two bets, but some sportsbooks allow up to 10 bets in one. Obviously, the more bets involved, the higher the payout will be. However, this also comes with more risk involved.

Example of a Teaser Bet

We have taken two football games and shown you an example of a teaser bet. The two-team football, 6-point teaser is the most popular of them all, but you can make a teaser on many bet combinations.

  • Eagles vs 49ers (Original spread was +3.5, new spread +9.5)
  • Chiefs vs Dolphins (Original spread was -8, new spread -2)

Hypothetically, if the Eagles lost to the 49ers 30-24, this will be covered under your new point spread of +9.5. The Chiefs were an 8 point favorite against the Dolphins, but they won 28-24, covered by the new 2 point spread.

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How to Calculate Teaser Bets

There are different ways in which you can calculate teaser bets. The teaser odds will be supplied by the sportsbook you are betting at. The more teams included in your teaser, the higher the payouts will be. The payout will also be higher if only a few points are used.

A two team, 6-point teaser will generally come with odds of -110. For a 7-point teaser, the payout becomes smaller because you are increasing your chances of winning. The odds will be -135.

An easy way to calculate a teaser is by dividing the odds by the number of teams you want to win. This will indicate how much you will get back if your team wins.

Payouts vary between sportsbooks, but here is an example showing you the odds of a two-team, three-team, and four-team teaser bet.

Teaser 6 point odds 6.5 Point odds 7 point odds
Two-team teaser -110 -120 -135
Three-team teaser +160 +140 +120
Four-team teaser +265 +240 +215

What Happens if it Ends in a Push?

If one of the bets in your teaser ends in a tie, or a push, with the point spread or total, it is simply removed from the teaser. Different sportsbooks and new betting sites do have different rules regarding a tie/push, so it is best to make sure you read and understand the rules given by the sportsbook you are betting at.

Teaser Betting Strategies

Although a lot of betting is based on pure chance, there are a few things you can do to enhance your teaser bet and get the most out of it.

Leveraging key numbers in teaser bets

Move the spreads through key numbers. These numbers are 3, 6, 7 and 10. Most football games are decided by these point margins. Using these key numbers increases the likelihood of the teaser covering the spread.

Football and the significance of key numbers

While teaser bets can be used in other games, football involves these key numbers, while games like basketball do not.

Teaser bets for over/under totals

Teaser bets for over/under totals are not as popular as those for point spreads. Over/under totals also involve key numbers, these are 37, 41, 44, 47, and 51.

Hedging bets for secure wins

Learn how to hedge a bet. This is where you will bet against your original bet when you are unsure whether you will win, this will guarantee you walk away with a win.

Where Can I Place a Teaser Bet

You can place a teaser bet at most reputable online sportsbooks. Make sure you do your research and join a trusted betting site. There will be many types of betting and markets available, including teaser bets and a round robin bet.

Once you have chosen your sportsbook, there are just a few quick steps to follow to get started.

  1. Head to the homepage of the site and locate the “Sign Up” button
  2. Fill in the registration form by providing all the details they require from you. This includes your name, address, email, mobile number, and  password
  3. Read the terms and conditions and then claim any welcome bonus you are offered
  4. Head to the cashier’s section to make your first deposit. Select a payment method and enter the amount you wish to deposit
  5. Look for the different sports and bet types that are available
  6. Select your sport and start placing your bets

Pros and Cons of Teaser Bets

There are many reasons why sports bettors opt to use teaser betting. You are essentially buying extra points to benefit your bet. There is less risk involved than normal point spread bets. They involve lower odds, but offer a bigger reward if you win.

There are also obviously many negatives involved with teaser bets. We have weighed up a few pros and cons of teaser betting to help you.

Pros Cons
Less risk involved compared to traditional point spreads bets Can increase the risk if the line is teased in the wrong direction
May increase the potential payout Lines are less profitable
Offers more flexibility to bettors Not a good option for all games or sports
Restricts options of lines offered, less flexibility

Should You Use Teaser Bets?

Teaser bets are not a great long term option for sports betting. As with parlay betting, there is a lot of risk involved and having to get all legs of the wager correct can be a tricky task. You will generally not win enough for the risk involved to use teaser bets as a long term option.

Whether you want to use teaser bets comes down to personal preference. Once you know the teaser bet’s meaning and everything involved, you can make an informed personal decision. However, we say that prop bets are always a great option for beginners.

Reverse Teasers

Reverse teasers are commonly known as pleasers. Pleasers allow the bettor to add or subtract a certain number of points and then place their bets. So, if you bet on the spread, you will place a reverse teaser (pleaser) on the favorite team rather than on the spread. Pleasers add to the risk of losing the bet, but if you win, payouts will be huge.

What is a Teaser in Sports Betting Conclusion

Teaser bets are similar to parlay bets, but you can pay to increase your chances of winning. It is a risky chance you will take in the hopes that the bet will payout.

After reading this guide, you should now have a much better understanding of what’s a teaser bet. If someone asks you: “how does a teaser bet work”, you will be able to give them a simple explanation. Use this information the next time you are placing your bets and give teaser betting a try.

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FAQs

What is a teaser bet?

This is a type of parlay bet, but the person making the bet can make adjustments to the points spread or totals over/under to suit themselves better.

Can I place teaser bets at all sportsbooks?

Yes, teaser sports betting has become very popular at most of the online sportsbooks.

Can a Teaser bet end in a push?

Yes, a teaser bet can push. The bet that tied will be removed from the teaser and the teaser is then based on the remaining games involved. If it is only a two-team teaser that ends in a push, you will generally be refunded automatically.

Does a teaser bet offer better payouts than parlays?

It really depends. The two bets are similar and tend to have similar repercussions. Both types involve combining many bets into one, which can end really well or really badly.

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