One of the most popular bets and one of the easiest to calculate the values for is the teaser bet. Even if you have no experience with sports betting math or you have never heard of a teaser before, it is very easy to understand the general concepts as well as the advanced teaser strategies. Here is a look at everything you need to know about teasers.
What Is A Teaser Bet?
A teaser bet is essentially a parlay bet done using a modified point spread. For example, if there is a three-team, six-point teaser with the New England Patriots at -7, the New York Giants at +3 and the Over between the Green Bay Packers and Detroit Lions at O50, then the teaser changes those bets to New England at -1, New York at +9 and the Over between the Packers and Lions to O44.
Understanding Basic Teaser Strategy
It’s important to understand how key numbers factor in to the basic teaser strategy, especially when it comes to the NFL. The key numbers in the NFL are three and seven because they are the most common margins of victory. Teasers that fully cross the three and the seven are considered the best teaser bets. For example, if the line for a game is a favorite at -7.5 or an underdog at +2.5 then the six-point teaser maximized the values on these bets since it crosses the key numbers of three and four. If you apply the six-point teaser to the favorite in this scenario then they become -1.5, which is less than seven points and less than three points. If the six-point teaser bet is applied to the underdog then the line will cross three points and seven points to become +8.5. Crossing these key numbers will maximize the potential of the teaser bet.
Understanding Teaser Odds
The majority of teaser bets come with fixed odds based on the number of teams and the amount of points involved. Depending on the sportsbook you use, you could see a chart that looks like the following example:
2-Team Tease at -110 = a 2-team parlay with each team priced -262
3-Team Tease at +180 = a 3-team parlay with each team priced -244
4-Team Tease at -+300 = a 4-team parlay with each team priced -241
5-Team Tease at +450 = a 5-team parlay with each team priced -246
6-Team Tease at +600 = a 6-team parlay with each team priced -261
Based on this chart, the 3-5 team teasers offer the best odds. The majority of sportsbooks will have similar numbers but it’s important to look at how each sportsbook lays out their odds in order to find the best value.
It’s important to understand value when it comes to deciding on whether or not to use the teaser bet. The best value is a teaser bet that pushes a line past key numbers like 3 and 7 but only if you have two or three teams that make it worth it. The teaser bet can be a very valuable type of wager in the sports betting arsenal and the more you understand how they work the more effective you can be when it comes to using them.
The Greek Sportsbook