NFL Football Teasers

Aside from parlays, teasers are the most popular bets among NFL bettors as well as college football other than traditional wagering on sides and totals. Though they are available for basketball as well, the vast majority of teasers are wagered on football contests.

What is NFL Football Teaser Bet?

A teaser is a combination of two to ten NFL bets. You can adjust the point spreads and/or totals with the trade-off of getting a smaller payout.

Teasers that have point spreads allow you to:

  • Decrease the spread for the favorite.
  • Increase the spread for the underdog.

Teaser bets that include totals allow you to:

  • Increase the under.
  • Decrease the over.

Teasers are similar to parlays, where all legs or “picks” in a teaser must win for the wager to payout. Pushes in teasers should only lower the number of teams, just like with parlays. However, this is not always the case at some sportsbooks.

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NFL Teaser Football Bet Example

Here’s a basic example of a 2-team, 6-point NFL teaser:

Football Odds Before Teaser

  • Pittsburgh Steelers +3.5
  • New England Patriots -7

Football Odds After Teaser

  • Pittsburgh Steelers +9.5
  • New England Patriots -1

The teaser 6 points to each side of our wager. We now have a much larger chance of winning each bet due the added points we are receiving. However, compared to parlays, our odds are much lower.

The football teaser odds for a 2-team matchup vary depending on the sportsbook, but players should be able to bet these wagers at -110 if they line shop correctly. If you’re going to bet teasers regularly, it’s important to look for a betting site that offers 6-pt, 2-team teasers at -110, but this is not the end all, be all when it comes to teaser as we will touch on later.

Calculating Your Edge – Profitability Of NFL Teaser Bets

Bovada Teaser Bet SlipUsing the table above, it’s clear that teasers have considerably smaller payout odds than parlays. It makes sense considering we are adding a minimum of 6 points to our side of the spread or total. Although, if we convert teasers into parlay odds, it’s much easier to understand the true edge that sportsbooks have on these bets.

To determine our breakeven percentage on teasers, we can begin by taking figuring out our implied probability on teasers. To do this, we simply take the amount risked and divide by the potential return.

Math Behind Teaser Bets In NFL Football

Let’s use a 6.5-point, 2-team teaser as an example. Our odds on this teaser are -120, so in terms of decimal units, we’re risking 1.20 to win 2.20. The math here is: 1.20/2.20 = 54.54. For us to breakeven on this teaser, both teams must win 54.54% of the time.

From there, we need to take the square root of 0.5454 to determine the amount of time each team must win for the bet to profit. Calculating the square root can be without a calculator, but we’re not sure why anyone would want to go through all that trouble. We can merely plug in the number into a root calculator and get our answer.

The square root of 0.5454 is 0.7385, or 73.85%. Now, if we take this percentage and plug it into the implied probability field of our odds converter, we can get -282.41. This tells us that a 2-team, 6.5 point teaser has is a 2-team parlay with each team priced at -282.41. We can calculate this percentage with 3-team teasers by taking the cubed root (since there are three teams) of our implied probability percentage.

Since we know that point spreads are 50/50 propositions, we determine how much we need to increase our winning percentage by subtracting 50% from our implied probability. In this example 73.85% – 50.0% = 23.85%. So, for this teaser to achieve profitability, we need to tease point spreads where the change in odds improves each team’s chances of winning by 23.85%.

Win Margins and Basic Strategy

Anyone who bets the NFL frequently and has success knows the significance of the 3 and 7 when it comes to point spreads. Few casual sports bettors truly understand how often games fall between this margin of victory.

The most common margin of victory in the NFL, by a large margin, is 3 points which is accounts for 15.7% of all games. 7 points is the second most popular margin, accounting for 9.3% of all final scores. Together, NFL games are decided by these two margins about 25% of the time. If we add in a 10-point victory margin (which accounts for 6.2%), more than 1/3rd of all games are decided by 3, 7, or 10 points.

Wong Teasers Bets

Basic strategy teasers, otherwise known as “Wong Teasers” take advantage of this victory margin by using teasers. These were popularized by the release of “Sharp Sports Betting” in 2001 by Stanford Wong. The book is one of the best written on sports betting and has a variety of +EV strategies aside from basic strategy teasers.

Since we know that games will fall between the 3 or 7 margin of victory nearly 25%, teasing spreads that cross the 3 and 7 will offer us the best value from the start. When using standard 6-point teasers, this means teasing favorites from -7.5 to -8.5 and underdogs from +1.5 to +2.5.

In today’s market, Wong Teasers have lost a bit of their edge as sportsbooks were clobbered by sharp bettors at the turn of the century when online gambling and sports betting exploded in popularity.

Some sportsbooks will shade their lines to stay out of the range of basic strategy teasers. For instance, instead of offering a -8.5(-110) and +8.5(-110) market, they might offer the +9.5(-125) and -9.5(+105). Often enough, sites that offer excellent teaser odds are the ones employing line shades to protect themselves against basic strategy teasers like 6-point, 3-team teasers at +180 or 6-point, 2-team teasers at -110.

6-point teasers with three teams are a better option than 6-point, 2-team teasers, so go ahead wager on 3-team teasers if possible when betting basic strategy teasers. It’s worth noting that these prices are the only area where the margins of victory and proper odds match up appropriately.

Some bettors seem to think sweetheart teasers, also known as monster teasers fall into this category. These are 10-12 point teasers, where bettors must wager on 3-4 teams or picks. Though these bets may seem enticing, especially a 10-point, 3-team teaser at -110 – they’re ultimately sucker bets. These teasers all have breakeven percentages over 80%, which makes them impossible to beat long-term.

Teaser Bets In NFL – Other Considerations

Though we stress line shopping at length at Safest Betting Sites, it’s important to understand that most teasers have “fixed odds”. This means that teaser odds will be the same regardless of the attached juice.

Let’s say we tease a -7.5(-130) and an underdog +1.5(-110) underdog, the standard teaser odds won’t change because we have favorite of -130. We will still get the standard -110 on a 2-team, 6-pt teaser. It’s vital to realize the attached juice has no bearing on fixed-odds teasers and that the point spread is the only factor that bettors need to be concerned with when betting these markets.

It’s also important that bettors trust the market when betting teasers, particularly when betting basic strategy teasers. They should use multiple sportsbooks and trust the sharper ones when evaluating odds for teaser bets. Just because you may be getting a point or half-point on a critical number, doesn’t mean that you’re beating the market. If the odds are going in the other direction, you’re just taking a poor line.

Though bettors should focus on 2-team or 3-team, 6-point teasers with the best odds possible, getting top teaser odds isn’t always the most important aspect of maximizing your winnings. As mentioned above, sites that offer elite teaser odds often shade their lines to limit the availability of basic strategy teasers.

There are more recreational-focused sportsbooks that offer slightly worse odds (or the same odds) on teasers, but don’t shade their lines. This amounts to more favorable situations for basic strategy teasers. Their odds are also generally much less efficient than at sharper sportsbooks, so bettors will get an upgrade there as well.

Best NFL Teasers Betting Sites

NFL teaser odds will vary at sportsbooks on two different numbers. Most betting sites offer a 2-team, 6-point teaser at -110. A few sites charge -120. Likewise, many pay +160 or +170 on 2-team, 6-point teasers, while some sportsbooks payout at +180.

Bet on Teasers at GTBets

GTBets is one of the top sportsbooks for NFL teaser betting. Geared towards recreational gamblers makes their odds and lines more profitable. This site is a well trusted operator that pays players on-time and has a strong reputation. Earn a 50% Bonus up to $500 on your first deposit when you sign up at GTBets.

NFL Teaser Odds at Top Sportsbooks

Points 2 team 3 team 4 team 5 team 6 team 7 team 8 team 9 team 10 team
6 -110 +160 +260 +400 +600 +900 +1500 +2000 +2500
6.5 -120 +140 +225 +375 +500 +800 +1100 +1500 +2000
7 -130 +120 +200 +325 +450 +700 +900 +1200 +1500
Points 2 team 3 team 4 team 5 team 6 team 7 team 8 team 9 team 10 team 11 team 12 team
6 -110 +160 +260 +420 +600 +1000 +1500 +2000 +2500 +3500 +5000
6.5 -120 +150 +240 +375 +550 +900 +1200 +1500 +2000 +2500 +3500
7 -130 +135 +200 +350 +475 +800 +1000 +1250 +1600 +2000 +2500
7.5 -150 +120 +185 +270 +380 +530 +725 +975 +1325 +1775 +2400
Points 2 team 3 team 4 team 5 team 6 team 7 team 8 team 9 team 10 team
3 +130 +250 +450 +700 +1100 +1700 +2500 +4000 +6000
6 -110 +180 +300 +450 +600 +900 +1200 +1800 +2500
6.5 -120 +160 +250 +400 +550 +800 +1100 +1500 +2000
7 -130 +140 +200 +350 +500 +700 +1000 +1200 +1500
10 -130
13 -130
Points 1 team 2 team 3 team 4 team 5 team 6 team 7 team 8 team 9 team 10 team
2 -200
3 -130
6 -250 -110 +170 +260 +450 +700 +900 +1400
6.5 -270 -120 +150 +250 +400 +600 +800 +1200
7 -285 -130 +140 +200 +350 +500 +700 +1000
Points 2 team 3 team 4 team 5 team 6 team 7 team 8 team 9 team 10 team
6 -120 +150 +235 +350 +550 +800 +1300 +2000 +2500
6.5 -130 +135 +215 +320 +500 +700 +1100 +1500 +2000
7 -140 +120 +200 +300 +475 +600 +900 +1200 +1600

NFL Football Teaser Odds Breakdown

We can see that GTBets is by far the best site for those looking to bet NFL teasers. They’re the only site on the list that offers 3-team, 6-point teasers at +180, which is extremely rare in the industry. Their other teaser odds beat most of the other sites, as well.

Intertops is a close second to for teaser odds. They’re the only sportsbook that offers single team teasers, and the rest of their odds are competitive. They’re still behind GTBets for teaser odds but are ahead of the bigger betting sites, such as Bovada and BetOnline.

Where to Place NFL Football Teaser Bets and both share the same odds and are a leg up on Bovada when it comes to most teaser football combinations. However, their odds are the same for 6-point teasers up to 3 teams. If you’re going higher than three teams or betting 6.5-point teasers and above – BetOnline and are a better option than Bovada.

Bovada is still far ahead of, which is by far the worst option to bet teasers. They’re considerably worse than all the other sites listed. They’re charging significantly more on just about every front. MyBookie has other positives, such as a large welcome bonus, but they should be completely avoided when it comes to betting football teasers.

NFL Teaser Picks

We recommend bookmarking our Free Picks pages to stay on top of our experts NFL teaser picks during the NFL football season plus other American football bet recommendations.