Teaser bets are one of the most exciting wagers you can place on an online sportsbook. However, what exactly is a teaser bet and how do you place it? Here at Bet Station, we have all the answers you need for teaser betting. Our guide will tell you everything you need to know about teasers, and we include plenty of examples.
The best way to describe a teaser bet is to think of it as a mixture of three other sports bets. A teaser combines elements from a parlay with the over under bet and the point spread. To understand exactly what a teaser is, you will need a good understanding of all three wagers. That is why we recommend you read up about the others before finding out about the teaser. Assuming you are a betting aficionado, a teaser is a special type of parlay. You get to choose what games you wager on, but the teaser must contain totals or spread bets.
Before you dive right in, there are a few more restrictions to be aware of. For starters, not all online sportsbooks have support for teaser bets. There are some sportsbooks that make placing teaser bets easier than others. Plus, you can only make teasers on certain sports. At DraftKings and FanDuel, you can make teaser bets on the NFL and NBA. You can't make a teaser with MLB games and you can't mix football and basketball games in the same teaser. While this may sound confusing, you will be a teaser pro once you read this guide.
What is a Teaser Bet?
A teaser is a unique type of parlay where you have to combine two or more spreads or over under bets. The teaser allows you to adjust the spreads to increase or decrease your potential returns. You can choose the size of your teaser by selecting the number of points. Some sportsbooks allow you to add or remove as many as 14 points. Other sportsbooks, like DraftKings, only let you choose between a 6-point teaser, a 6.5-point teaser, and a 7-point teaser; if you select two legs.
When you add points to your teaser, you are increasing the size of the spread. Let’s say you choose a six-point spread. You would add six points to all the bets in your teaser. If you selected a total score of over 44.5 and a point spread of +4.5, your new bets would be over 38.5 and +10.5. This means you would be far more likely to get these bets right, as they both have significantly wider margins. You would need your team to win or not lose by 11 points, and for there to be 39 or more points scored in the game.
The teaser bet is a fantastic wager as it gives you the opportunity to define your own point spreads. You can widen the margin, which will reduce your odds. Or, you can decrease the size of the spread, significantly increasing your payout.
How Does a Teaser Bet Work?
A teaser bet is similar to other wagers you can place at online sports betting sites. The difference is in the level of customization you have over the wager. If you look at a traditional spread bet, you rarely get much of a say regarding the size of the spread. If you do your research, you may find additional spreads, but they won't be as well paying as a teaser.
The teaser is your opportunity to group several wagers together, adjust the size of the point spreads, and then enjoy the rewards. All the customization happens inside of the bet slip. This is where you can control which legs you want to include in the teaser and adjust your stake or the size of the spread. Some sites give you lots of options regarding the size; others keep it to a traditional six-point spread.
As you make adjustments, they will display how that affects your returns in real-time. You can change the spread, or stake, to find the most optimal returns for your bet. If the teaser option is failing to show up, make sure you choose eligible wagers for the bet. Remember, most sportsbooks restrict teasers to the NFL and NBA.
How to Win a Teaser Bet
Winning a teaser bet is not too difficult. The hard part is winning a teaser bet which has good returns. You can adjust the size of the spread for a teaser, so you can place bets that are likely to happen. For example, you could add 14 points to two NFL teasers, giving you odds of -550. While there is no guarantee that the bet is going to win, it certainly is likely and quite low-paying.
The biggest challenge with teasers is winning when the odds are in your favor while maintaining a good profitability level. You don’t just want to bet on sure things, as you will hardly see any returns. Take the -550 odds. A $100 teaser bet here will only see you win $18.20. It seems a little strange to risk so much money and to come out with so little, even on a “safe” bet. If you lost this bet, it would require you to win at least six more to recoup your losses, and that’s if every bet is a winner.
Instead, you want to find that happy balance between risk and reward. If you were to bet on sports every week, the risk you might take would be less than if you bet only on major sporting events. If it was a big game, like the Stanley Cup or World Series, you could take more of a risk as it’s such a big game. Remember, for teaser bets, you need two or more bets from separate games to qualify.
Teaser Betting Examples
Teaser bets are only eligible when you select certain types of wagers on specific sports. The benefit of making a teaser bet comes from the level of control you have. You can select the bets you want, and then increase or decrease the odds to suit you. Below are just a couple of examples of teaser bets.
What is a Teaser in NFL Betting?
NFL teaser bets are an exciting way to bet on football games throughout the season. All you need to do is select two or more over under bets, or spreads, from at least two NFL games. You can’t select one spread bet and one total from the same NFL game, they must be for two different teams.
Once you have made your selections, you can adjust the size of your teaser. Let’s say you chose the Bills -2.5 spread, the Steelers +6.5 spread, and there to be over 46.5 points in the Eagles versus Lions game. If you chose a +6 point spread, the new bets would be +3.5 to the Bills, +12.5 to the Steelers, and over 40.5 points scored. Before becoming a teaser, these bets had odds of -110 each. Instead, when combined into a three-leg teaser bet, they now return +140. The only major downside is that you need all three bets to win to come away with any money.
If you need help understanding exactly what the spread means, then you should check out our point spread bet guide. In the example listed above, each team gained a larger margin to win or not lose by. Plus, the over under bet became more likely as instead of scoring 47 or more points to win the bet, the team only needs 41 or more.
What is an NBA Betting Teaser?
NBA betting teasers are like the NFL teasers. You will need to select an over under or point spread bet from two or more NBA games. Once you have met the criteria, you get a similar level of customization for the teaser. At FanDuel, you can reduce the spread by as much as five points, or increase it up to 14.
When you increase the spread by 14 points, your bet becomes really likely to succeed. If you had a +5.5 spread bet for the 76ers against the Celtics and a +6 for the Lakers against the Warriors, they would now be +19.5 and +20. The odds for this bet would be very low paying, around -700. That means a $100 bet would only net $14.30 in profit. Conversely, taking five points off the spread would leave you with +0.5 and +1, resulting in odds worth +550. This may sound confusing, but they make it crystal clear in the bet slip.
Teaser Bet Odds
The best part of a teaser bet is the control you have over the odds. If you try to build a parlay, you get larger odds the more bets you put in the bet slip. These odds can rise exceptionally or trickle up slightly depending on the bets you add. The teaser works a little differently, as you can adjust the size of the point spreads in your bets.
That means you can select bets that were previously not rewarding, and turn them into high-paying exciting wagers. There are few wagers out there that give you this much control, which makes the teaser bet a fan favorite. If you are not sure whether the teaser is for you, simply add two NFL or NBA wagers to your bet slip and find out. This is where you can adjust your stake, the size of the teaser, and how many legs to bet on. The more legs you add, the higher the payout. Plus, you can reduce the size of the teaser for even greater returns.
In Betting, What is a 6-Point Teaser Football?
No matter which online sportsbook you join, if they have teaser bets, you can place a 6-point teaser on the NFL. But what does that mean? In order to make a valid teaser, you need to choose two specific wagers. Either the over under or a point spread.
Both wagers require one or both teams to score a certain number of points during the game. The size of the teaser affects how many points the team will need. Say you chose a total bet in the NFL of 44.5, meaning you need both teams combined score to equal 45 or more. If you made this bet as part of a six-point teaser, the score needed to win the bet will drop by six points. Instead of needing to beat 44.5, the new total the teams must beat is 38.5. If the combined score of the game is over 38, then you win this leg of the teaser.
Best Sportsbooks for Sports Teaser bets
Every sportsbook is different when placing teaser bets. Some make it quick and easy to place teasers, others require a little more research. If you would like to know what are some of the best sportsbooks for teaser bets, then check out the ones we list below. Make sure you check if the sports betting sites listed are available in your state before you sign up. If you check out our betting site guides, we have complete lists of the sportsbooks available to states like Michigan and Iowa.
How to Place a Teaser Bet on FanDuel
FanDuel is one of the easiest for placing teasers. That’s because all you need to do is put eligible bets in your bet slip and FanDuel does all the hard work for you. Simply click the teasers option at the bottom of the bet slip. It should appear above the round robin option once you put in two or more eligible wagers. You must click this section to place a teaser bet, otherwise, it will be a traditional parlay.
Once you add the bets, you can adjust your teaser. You can increase or decrease the size of your spread while previewing the odds. If you put in your stake now, it will calculate your potential rewards while you browse. They give you a huge choice when choosing the size of your teaser; one of the best sportsbooks for teaser bets.
How to Bet a Teaser on DraftKings
The DraftKings Sportsbook is equally accessible for teaser bets. Once again, you need to select two or more eligible teaser bets for the wager to appear in the bet slip. You will need to change off a parlay in the bet slip to access the teaser betting menu.
Inside the teaser betting menu is where DraftKings excels. If you click the blue information symbol towards the bottom of the bet slip, it will open up a helpful table for both NFL and NBA teasers. If you only pick two legs for your bet, you can only choose between a six and seven-point teaser. Picking a third and fourth game will give you more options to increase the size of the spread.
The useful table also shows you the odds for each number of legs plus a tiebreaker in case there is a push. When your teaser has three or more legs, they will remove any pushes and reevaluate the odds. A push in a two-leg teaser will cause a full refund and a push in a Super or Monster teaser will count as a loss.
How to Make a Teaser Bet on BetMGM
At the time of writing, you cannot make teaser bets using the BetMGM Sportsbook. There are workarounds for this type of issue, but it’s a little more effort. You can go into each game you want to bet on and look for alternate spreads. This is where you can choose from a range of point spreads or total bets. Then, when you are happy, just link them all as one parlay. It requires more time browsing and adjusting, but you will have even greater control over each wager. You could have one spread increased by four points, one decreased by two, and then a six-point teaser.
What is a Teaser in Sports Betting?
A teaser bet is your chance to make parlay with total or spread bets. The beauty of this bet is that you can adjust the size of the spread to increase or decrease your potential returns. Not every sportsbook allows you to make this type of wager, and teasers are often only available for the NFL and NBA. If you frequently look for point spreads or the over under bet, then a teaser is a great way to increase your returns, if you get lucky!