Teaser bets are slightly more advanced than your typical money line or spread bet, but they are still quite popular among football and basketball bettors. Teaser bets are generally made by advanced bettors, but they are still pretty easy to understand and after reading this article you can add them to your sports betting repertoire.
What Is A Teaser Bet?
A teaser bet involves wagering on 2 or more games as one large wager. In that sense teasers are similar to parlay bets, but there is one crucial difference. With teasers the spread is moved in your favor by a certain number of points on each game that you select and the payout is a set amount depending on the amount of points you are given on each play and the number of outcomes you select.
In football you can generally find 6, 6.5 or 7 point teasers, while in basketball the typical teasers are 5, 5.5 or 6 point teasers.
In a 5 point NBA teaser the spread for every outcome would be shifted by 5 points in your favor. For example, if the Detroit Pistons were +5 point underdogs then you would take them at +10 on a 5 point NBA teaser (spread shifted from 5 points to 10 points). An example of a 7 point NFL teaser would be you being able to take the Patriots at -6.5 when in reality they are -13.5 favorites.
Teaser Bet Payouts
As mentioned earlier the payouts for teaser bets are preset depending on the number of outcomes you choose and the amount of points you are given in the teaser. Here are some payout examples at 5Dimes.eu.
6 point football or 4.5 point basketball teasers
- 2 plays (+100)
- 3 plays (+180)
- 4 plays (+300)
- 5 plays (+465)
6.5 point football or 5 point basketball teasers
- 2 plays (-110)
- 3 plays (+165)
- 4 plays (+265)
- 5 plays (+410)
7 point football or 5.5 point basketball teasers
- 2 plays (-120)
- 3 plays (+150)
- 4 plays (+240)
- 5 plays (+365)
Here is a teaser example from 5Dimes.eu for a 5 point teaser of 3 NBA games.
Your selections: Toronto Raptors -4, New Orleans Hornets +5 and New Jersey Nets +6
With a 5 point NBA teaser these selections would change to: Raptors +1, Hornets +10 and Nets +6
If each of these outcomes is correct then you can expect a +165 return on whatever amount you risk.
It is also important to note that if any of the bets push some sportbooks will count that as a loss. You should look into this with your sportsbook so you know prior to placing a teaser bet. If a push does in fact count as a loss then it would be advantageous to try to keep you spreads at .5 points because the payout would remain the same, but the chance of a push is eliminated.