NFL Teasers Betting

NFL teasers are a combination of two to ten football bets where you can adjust the point spreads or totals to your favor, with the trade-off of getting a smaller payout.

Aside from straight bets and parlays, NFL teaser bets are some of the most popular wagers in football betting.

Here you will learn some of the best teaser betting strategies, understand the main concepts behind this type of wagers, and find out how to place smarter teaser bets at the best sportsbooks.

Best NFL Betting Sites For Teaser Bets

Rank
Payment Grade
Rating
Bonus
Bet Now
Please wait ...

NFL Teasers Explained – Bet Example

There are three main types of NFL teaser bets: 6-point, 6.5-point and 7-point teasers.

Here’s a basic example of a 2-team, 6-point teaser bet.

Football Game Odds Before Teasers

Team Odds
Pittsburgh Steelers +3.5
New England Patriots -7

Football Game Odds After Teasers

Team Odds
Pittsburgh Steelers +9.5
New England Patriots -1

With a 6-point teaser bet, the odds move 6 points to our side of the wagers. We now have a much larger chance of winning each bet due to the added points we are receiving.

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.

As a recommendation, 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. However, these days, that is a lot rarer.

NFL Teaser Strategy

Anyone who bets the NFL frequently and has success knows the significance of the three and seven 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 far is 3 points which accounts for 15.7% of all games.

Seven points are 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 three, seven, or ten points.

Wong Teaser Betting Strategy

NFL Teaser Bets Strategy

Basic strategy teasers, otherwise known as “Wong Teasers” take advantage of the previously mentioned victory margin.

These were popularized by the release of the book “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 nearly 25% of the games will fall between the 3 – 7 margin of victory, teasing spreads that cross the 3 and 7 will offer us the best value from the start.

When 6-point teasers, this means teasing favorites from -7.5 to -8.5 and underdogs from +1.5 to +2.5.

Wong Teasers In Today’s Market

In the current market, Wong Teasers have lost a bit of their edge as sportsbooks were clobbered by sharp bettors 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, 3 Team Teasers Vs. 6 Point, 2 Team Teasers

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 break-even percentages over 80%, which makes them impossible to beat long-term.

Best Sportsbooks For NFL Teaser Betting 2020

Here is the list of our most trusted NFL betting sites for placing your football teaser bets.

Rank NFL Sportsbooks Deposit Bonus Highlights Get Started
#1 100% Up To $1,000
  • Popular Brand
  • Good Banking
  • Variety Of Bets
Deposit Now
#2 100% Up To $1,000
  • Accepts Credit Cards
  • Excellent Parlay Odds
  • Low Rollover
Deposit Now
#3 50% Up To $250
  • Softest odds in the market
  • Very fast payouts
  • Strong promotions and bonuses
Deposit Now

Read Our Complete Review Of The Best NFL Betting Sites

Calculating Football Teasers Edge

Bovada Teaser Bet Slip

Teasers have considerably smaller payout odds compared NFL parlay bets.

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 this market.

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

The Math Behind Teaser Bets On The NFL

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 = 0.5454. For us to break even 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 times each team must win for the bet to profit.

You can calculate the square root by plugging in the number into a root calculator and get your answer.

The Square Root And The Implied Probability

The square root of 0.5454 is 0.7385, which equals to 73.85%. Now, if we take this percentage and plug it into the implied probability field of our betting odds converter, we get -282.41 as a result.

This tells us that a 2-team, 6.5 point teaser is the equivalent to 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%.

Therefore, 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 at least 23.85%.

NFL Teaser Odds Per Sportsbook

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

More Tips On NFL Teasers Betting

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) favorite and a +1.5 (-110) underdog. The standard teaser odds won’t change because we have a favorite of -130. We will still get the standard -120 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.

Trust The Market When Betting NFL Teasers

It’s particularly important to trust the market when betting basic strategy teasers. You should use multiple sportsbooks and trust the sharper ones when evaluating odds for teaser bets.

If the odds are going in the other direction or sharper sportsbooks differ, 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 NFL 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 teasers. Their odds are also generally much less efficient than at sharper sportsbooks, so bettors will get an advantage there as well.

NFL Teasers – Frequently Asked Questions

Why are teaser payouts lower than parlays?

NFL parlay bets are multiple unaltered wagers that all must-win for the wager to cash. They’re going to have bigger payouts in most cases because most parlays will have -110 bets or similar. NFL teaser bets alter the point spread or total by 6 or more points, making each bet easier to win, but still, hard to win them all.

Do betting sites like players who bet NFL teasers?

For the most part, yes. Of course, if there was a bettor who was beating them with Wong teaser strategy, then they would look to limit or ban the player. However, that’s not usually the case. Most bettors lose and they bet too many teams that end up giving the oddsmakers a huge edge.

How much can you bet on NFL teasers?

NFL teaser bets typically have betting limits up to $1,000 per teaser, but this depends on the sportsbook. Some may be around $500 and others may be higher. NFL teasers typically have higher limits than basketball teasers for example.

Don’t Miss Our Best NFL Betting Strategies

This content is not available

We apologize for the inconvenience, but this content is not available.
Go Back