Teaser Odds

  

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.

Using a conventional six-point teaser, that would reduce the point spreads of each team to 1½ and 4½ points respectively. Should each team cover the revised odds, the bettor would be paid out at. The most commonly wagered basketball teaser is 5 points. Most bettors typically bet basketball teasers between 4 and 6 points. However, there still may be wagers that offer a positive return on investment for players at 5.5-point and above. It all depends on the odds offered. A teaser is a wager involving two or more outcomes in a single wager wherein you adjust the point spread/total in your favor in return for reduced odds. A teaser can be played in American Football (NFL/NCAA) and Basketball (NBA/NCAA) or a combination of these two sports only. Teasers have a minimum of two selections and a maximum of 15. A teaser is a wager involving two or more outcomes in a single wager wherein you adjust the point spread/total in your favor in return for reduced odds. A teaser can be played in American Football (NFL/NCAA) and Basketball (NBA/NCAA) or a combination of these two sports only. Teasers have a minimum of two selections and a maximum of 15.

Odds

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.

Odds

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).

Teaser Odds

NFL Teaser Example

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

Reverse Teaser Odds

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

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.

NFL Teaser Bet Payouts

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.

Basketball Teaser Odds

6 point teaser payouts

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)

Teaser Parlay Odds

Teaser odds chart

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

Football Teaser Odds

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

Teaser Odds In Vegas

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.

Teaser Odds Payouts

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.