How Do Teaser Bets Work

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A reverse teaser bet pays out really big compared to other bets in the sportsbook. Not all sportsbook have them. How does a reverse teaser work?A reverse teaser is a wager based off the point spread. In a reverse teaser the favored team has to win by a lot more, or the underdog has to cover the spread of more or simply win. That is why it is called a reverse teaser, because the spreads get larger instead of smaller like a regular teaser does.

A teaser bet shares something in common with parlay wagers. In both cases, you are placing two or more games on a single betting slip. You’ll need to be right on all choices in order to cash in. For example, on a three-team teaser, all three legs must be correct in order to have a winning ticket. If you’re new to sports betting, a two-team six-point teaser is a bet in which you get to move the line six points in your favor on both teams — but then both teams have to cover those new spreads for you to win your bet. If you see a pair of 10-point favorites, you could move both down to -4 in a two-teamer. 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. A 'Parlay' bet is a bet placed on multiple outcomes to occur. 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.

How Does a Reverse Teaser Work

A RT can be wagered on the point spread or the under and over. For example let’s say the Titans play the Chiefs and the spread is 7.5, and the over and under is 65. The Titans being the underdogs, you think they will win. The sportsbook will have cards already made for you. Based on which one you get will determine the point spread. Look carefully they might have different point spreads on the cards. You pick up a card and the teaser is 6 points. You can take the Chiefs and the over making the Chiefs have to win by 13.5 or more, and the overall score combined must be 71. Otherwise, you can take the Titans and the under or over. The Titans have to win straight up or only lose by 1.5 and the under or over can be 71 or 59. You must at least choose 3-8 wagers on a RT card. The odds are a lot higher on this wager. Some casinos pay 20 to 1 on just 3 teams.

How Teaser Bets Work

What Is The Strategy of a Reverse Teaser

2 Team Teaser Rules

The simple strategy of a reverse teaser is to be smart with your bets. If you see a point spread that is to big and you think the underdog has a better chance than most people think, then you place that wager. Where people get ahead of themselves is when they believe to much or they don’t respect the lines. The lines are usually pretty close to the actual final score, so don’t try to beat every point spread. Spot the flaws, and study the games and you can come out on top.

Bets

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.

What is a NFL Teaser Bet?

How Do Teaser Bets Work

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.

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).

NFL Teaser Example

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

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).

Explained

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.

What Are Teaser Bets

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)

How Do Nfl Teaser Bets Work

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

3 Team Teaser Payout

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

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.

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.