The world of sports betting is made up of several types of wagers with single bets being the most popular. These types of bets include the money line bet, point spread betting and the betting on the total. While singles bets are excellent wagers, bettors often have to risk more to win their bet. Therefore, Teaser bets are often a good alternative to straight bets. However, What is a Teaser Bet and how does a person Bet on Teasers?
Today, we answer these questions as part of our sports betting tutorial series for beginners. First off, teaser betting is something not all bettors are familiar with. However, it is a gambling option that lets a bettor increase their odds of winning a bet with multiple selection.
What is a Teaser Bet?
A teaser bet is very similar to a parlay wager. They are the similar because they are both wagers with multiple bets. However, a Teaser Bet reduces the risks of losing for the gambler but at the cost of having smaller payouts. Therefore, the decision for the gambler will be whether it is worth it to have lesser risk with lower profits.
Anyway, a teaser bet is a wager on the point spread or on the game totals. In a teaser, the bettor will choose a group of games and adjust the betting odds in their favor.
Furthermore, the majority of teaser betting is done on American football or basketball. This is because these two sports usually have high final scores which allows for better teaser strategies. However, it does not mean that it is not possible to bet on soccer or other sports with a teaser. It just means that it is not as common.
Teaser wagers are usually set between 4 and 10 points. In addition, a higher teaser bet will have lower odds because you are increasing the odds of winning the bet.
How to Bet on Teasers
Even though a teaser bet may seem difficult at first, they are actually quite simple. This is because it is basically a parlay bet where you put the put the betting odds in your favor. Here is an example of a teaser bet:
|Market||Points set for regular bet||Points set for six-point Teaser bet|
|Kansas City Chiefs||2.5||8.5|
|San Francisco 49ers||-2.5||3.5|
|Over/Under||45.5||Over 39.5, Under 51.5|
Thus, if you bet on the Chiefs, they go from being a 2.5 underdog to an 8.5 underdog. Therefore, your odds of winning are now bigger. This is because the Chiefs can lose by 8.5 points instead of 2.5 points to win your bet. Thus, if a $100 bet is made on the spread, instead of winning $265 you win $90.90.
Here are the typical betting odds for teasers
|Point adjustment||Two teams||Three teams||Four teams||Five teams||Six teams|
|6||-110 / 1.909||+160 / 2.600||+260 / 3.600||+450 / 5.500||+700 / 8.000|
|6.5||-120 / 1.833||+140 / 2.400||+240 / 3.400||+400 / 5.000||+600 / 7.000|
|7||-130 / 1.769||+120 / 2.200||+200 / 3.000||+350 / 4.500||+500 / 6.000|