• Teaser Betting Odds
• Nfl Teaser Bets
• Football Teaser Rules
• Teaser Bets Meaning

Vinny: Let me begin by explaining to some readers what teasers are: A football teaser is a type of wager where the point-spread is adjusted by 6, 6 ½ or 7 points. These points are added to the. FanDuel's free sports betting strategy guide is your go-to reference for understanding sports betting. We cover all the basics – straight bets, parlays, teasers and more – that can help you win money wagering on your favorite sports. Our how to bet guide is useful for beginners as well as first-time online sportsbook users. Types of Teasers NFL Teaser Odds. When betting NFL teasers, the most common football teaser varieties are selecting two or three teams. Three-Team Teaser Odds. You’ll need all three teams to cover in order to win the 6-point teaser bet. NBA Teaser Odds. Sportsbooks offer teasers.

For a Parlay bet to win, all outcomes within the Parlay must be selected correctly. The odds for each pick are multiplied by one another to determine the odds for the Parlay. For example, New England at -150 odds, parlayed with New York at +200 odds, would result in +400 odds. We’ve touched on the question “what is a teaser bet?” in other guides, but we’ll briefly cover it again here. Like a parlay, a teaser bet combines multiple selections in a single bet. But, teasers can only include picks against the spread and game totals, and you will be able to adjust the spread for each game you pick.

Teaser Betting Odds

Wong teasers, or commonly known as “basic strategy teasers” are one of the most popular forms of advanced strategy teasers for NFL bettors. In fact, the teasers became so effective that it changed the sports betting industry almost overnight and forced oddsmakers to adjust their lines across the board because of their success.

Who is Stanford Wong?

Nobody, really, the name is just a pen name for a series of sports betting books. However, Wong authored a book called Sharp Sports Betting in 2001, which has become one of the best books written on sports betting in history.

Wong focused much of his research on key numbers for NFL games and found that teasers would be an excellent way to exploit these situations. NFL games are decided by three points about 15 percent of time, and seven points about 8 percent of the time. Otherwise, the most common numbers of defeat are by margins of 10 and 6 points.

The reason for most games ending by three or 7 points is obvious. It is the number of points scored by a field goal and touchdown, respectively. Wong’s theory was that teasers, which move between the two key numbers of three and seven are the most profitable. He was right.

Wong Teasers Explained

A Wong teaser is a 6-point teaser that involves favorites of -7.5 to -8.5 and underdogs of +1.5 and +2.5. Since most games are decided by those key numbers if we can tease them down to fall within that range, it increases our chances to win a teaser bet substantially.

A typical two-team 6-point teaser at most offshore sites is listed at -110, making our breakeven percentage the standard 52.4 percent that we would need to hit to break even on the standard 10% juice.

Wong’s teasers knock this percentage out of the park, due the frequency of NFL games landing on these key numbers. To break even on these teasers you need to win your teaser wagers around 72.5 percent of the time. Over the past decade, Wong teasers wagers have regularly hit above that number, some as high as 76 percent. Of course, this is dependent on the odds that are available to you.
Here’s what a typical 3-team 6-point Wong teaser would look like:

Pittsburgh Steelers +2.5
New York Giants +1.5
Jacksonville Jaguars -8
That turns into:
Steelers +8.5
Giants +7.5
Jaguars -2

Wong Teasers Today

Unfortunately, the sportsbooks were getting killed taking Wong teasers, especially when they had no idea how profitable the bets were. As of 2013, the ability to make money using these bets is a lot tougher, and if you do beat the books using these bets, there is a exceptionally strong chance your action will be limited.

Not only have two team 6-point teasers now an increased price, -110 is the best price you will find at most sportsbooks with 5Dimes being one of the only books to still offer +100. In Las Vegas, you will be paying -120 at minimum and -130 at some sportsbooks for the same two team 6-point teaser.

It also speaks to the success and popularity of Wong teasers that have caused bookmakers across the world to try and stay out the range of Wong’s. Numbers between 7.5 and 8.5 and 1.5 and 2.5 are much less common than they were even five years ago. Some books go even further, changing the rules of teaser and making a push and a win count as an overall loss. This is still somewhat uncommon, and few books grade pushes as a loss.

Our teasers article is extremely helpful in finding the best odds online and explaining teasers a bit further. While bettors still may be able to profitably bet Wong teasers at some shops the risk of being limited is high, even if you can find decent odds. Still, Wong teasers are perhaps the most profitable bet in NFL betting history.

Teasers are one of the more advanced wagers in sports
betting. This is a wager you should definitely learn about
though, even as a beginner, as it provides opportunities to
place relatively low risk wagers which can still provide a good
return.

Nfl Teaser Bets

In this article we explain in detail how teasers work, but we
should point out that you need to already understand a few
things if it’s going to make any sense to you. For one thing you
should know how odds work, because odds are a basic component of
any wager. You should also know how parlays, point spread bets,
and totals bets work.

If you’re not yet familiar with any of these subjects, you
can find what you need to know on the following pages.

The Basics of Teasers

Teasers are essentially a type of parlay, in that they
involve making multiple selections as part of a single wager.
All selections have to win for the bet to be successful. The
selections included in a teaser must be based on either point
spread bets or totals bets. As such, teasers are typically
available only for football and basketball.

The main feature of teasers is that you are able to move the
spreads or totals lines in your favor, increasing your chances
of winning. Let’s take a look at the betting for an upcoming
football match so we can explain how this works in practice.

As you can see, the Kansas City Chiefs are given 3.5 points
on the spread here. If you were including a point spread bet on
the Chiefs in a parlay, or just making a straight bet on the
spread, you would need them to lose by three points or less (or
win). As a selection in a teaser, however, they would be given
extra points. If you included them in a six point teaser, for
example, they would be given 9.5 points on the spread, meaning
they could lose by up to nine points and the selection would
still be a winner.

Football Teaser Rules

The same principle applies if you’re betting on the totals.
The line is set at 46.5 for this match, which means if you went
for the over you would need the total points scored to be 47 or
more. In a six point teaser the line would be moved to 40.5,
which means 41 or more would be good enough. If you went for the
under, the six point swing would be in the other direction, and
the line would move to 52.5.

As you can see, teasers can make it significantly easier to
get your selections right. The downside is that the payouts are
lower than in standard parlays, which we’ll get to later.

Teaser Variables

The main variable with teasers is the number of points that
the spread or totals lines are moved by. With football teasers
you’ll find most bookmakers and online betting sites offer
three options – 6, 6.5, and 7 points. With basketball the three
options are usually 4, 4.5, and 5 points. These aren’t set in
stone though, and some places will offer even more flexibility.

Another variable is the number of selections you include in a
teaser. With most bookmakers, online and offline, the minimum
allowed is two and the maximum allowed is ten. This isn’t
always the case though. Some places may require more than two
selections or allow more than ten.

The payouts for teasers also vary. The more the spreads and
lines are moved in your favor, the lower the payouts will be. So
a 7 point football teaser will have lower payouts than a 6 point
football teaser. Payouts also change based on the number of
selections, as they do with a standard parlay. The more
selections included, the higher potential payouts. Remember,
though, that including more selections also increases the
chances of one or more of them losing.

Example Payouts

The following charts show some example payouts based on the
number of points and the number of selections. Please note that
the payouts for teasers won’t always be exactly the same with
every bookmaker and sports betting site, but the examples here
provide a good guide.

Teaser Example

Teaser Bets Meaning

To further illustrate exactly how teasers work, we’ll look at
an example teaser based on the following three football matches.

Let’s assume you decide to place a three team, six point
teaser, for a stake of $50. You select the Kansas City Chiefs,
the Dallas Cowboys, and the Atlanta Falcons on the spread. You
would need the following three results to win this teaser.

• Kansas City Chiefs to win, or lose by nine points or
  less.
• Dallas Cowboys to win, or lose by less than nine points.
  A nine point loss would be a push.
• Atlanta Falcons to win, or lose by a single point. A two
  point loss would be a push.

If all three results came in, then you would win $90 based on
odds of 9/5. You’d also get your stake back of course. If just
one result went the wrong way, you would lose your $50 stake.

You can see that a push is a possibility in two of the games.
The rules relating to pushes varies at different bookmakers and
betting sites, but what generally happens is that a push means
that selection is effectively removed from the wager. If the
Cowboys lost by exactly nine points, for example, then that
selection wouldn’t count anymore. You’d be left with a two team
teaser. If the other two results came in, then you would win at
reduced odds of 10/11.

Now that you understand how teasers work, you might want to
learn how best to use them to your advantage. We can help you
with this, because we have provided a strategy article with advice on
football teasers.