Teaser bets have shifted the goalposts and they have made wagering for US bettors eminently more exciting. While not available at all sportsbooks, most of the leading betting operators we have reviewed will facilitate teaser betting.
But what is a teaser bet? And how does a teaser bet work? All this and much more will be covered in our in-depth guide, so carry on reading to find out more.
Teaser Betting Explained
A teaser bet, in a nutshell, is a type of parlay bet, but you are only covering point spreads here. However, the beauty of it, is that you can alter the point spread in your favor.
With the teaser bet, you can also get extra points on the side of your wager, so if you fancy Green Bay Packers to cover the official -9.5 point spread, you can also add Green Bay Packers -3.5 to bolster your chances of returning a successful betting slip.
However, bear in mind, that the potential profits for teasers are smaller than parlays, however, you can still get a decent sized payout if you place a small stake.
How does a Teaser Bet work?
So, how does a teaser bet work and how do you place a teaser bet? If you are using one of our recommended sportsbooks, you will need to establish how many selections you want to add to your teaser bet.
On the online betting slip, you will be able to add multiple selections to your slip and on there, you should find a function entitled ‘Teasers’, so make sure you tick the box to complete this step.
For NFL, you will typically be able to move the spread by up to 7 points, but the further you move the point lines in your favour, the smaller your potential returns will be.
The betting slip will show your preferred combinations – usually American odds – and the slip will calculate what you could stand to win. Remember that some sportsbooks will impose a maximum limit for teaser bets, so make sure you read the terms and conditions.
Common Teaser Bets
While NFL teasers are usually available at 6, 6.5, or 7 points, it works slightly different for the NBA. Here, the lines can be moved by 4, 4.5, or 5 points.
Let’s use an example to illustrate this. If the Chicago Bulls were facing the Brooklyn Nets in a regular season game, and you fancy the Bulls to come out on top, you can do the following:
- 4-point teaser – You could bet on the Chicago Bulls +5.5 on a point spread, you can get +9.5 on your teaser.
Knowing when to move the line on a point spread requires applying a basic betting strategy, and in many ways, teaser bets are probably better suited for those who are more experienced in wagering on sports.
Other Types of Teaser Bets
Although these are generally much rarer, there are two types of teasers which can be used for NFL and NBA matches:
- Super Teaser – Here, the bet will see 10 points added to the spread and you need to have three picks on your slip.
- Monster Teaser – You can add a whopping 13 points to the spread and your slip must contain four picks.
Benefits of Teaser Bets
Teaser bets can be great fun and there are a few advantages which are associated with using them at US sportsbooks.
Firstly, you give the underdog a fighting chance, because when you apply multiple selections on a team with longer odds, then you can claim a decent-sized payout if it comes off.
Once you have got to grips with how teasers work, they are quite easy to use. With that in mind, you will be able to shop around for odds and pit sportsbooks against each other before placing a bet.
Teaser Bets – Final Thoughts
Teaser bets have come into fashion, and as we have seen, they share many of the same traits as parlays, however, they are considerably less risky as you can push the points spread in your future.
If you want to put your new-found knowledge to the test, we suggest you sign up for one of our recommended sportsbooks.
Frequently Asked QuestionsHere you’ll be able to see the most common questions about Teaser Bets
What is a Teaser Bet?
A teaser bet is like a parlay as you can combine multiple selections onto one betting slip, however, for NBA and NFL wagers, bettors can push the points spread in their favor.
What other types of Teaser Bets can you get?
There are two other types – Super and Monsters teasers – however these are usually much rarer at US sportsbooks. With Super teasers, you can add a 10-point spread and you need three betting picks, while a Monster teaser incorporates a 13-point spread, and you need at least four betting picks.
How many points will you be offered for an NBA teaser?
Sportsbooks will usually allow you to move the spread on each selection up to 5 points in your favor.
Are Over/Under bets allowed for Teasers?
Yes, you will be able to tease Over/Under bets and it is usually quite popular for wagering on NFL games.