Teaser Bets Explained
An NFL teaser wager is a combination of two to ten (2-10) wagers in which you get to adjust the point spread or total in your favor in exchange for a lower payout. When you make a teaser wager that includes an ATS point spread, you can either decrease the spread for the favorite or increase the odds for the underdog. A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win. A teaser is a type of wager used in sports betting, most commonly in basketball and football.
There are several types of bets to be made on sports from straight bets to parlays and teasers. But many aren’t familiar with the betting type known as pleasers, which we explain on this page. Pleasers are most similar to a teaser, as the name may suggest, as you must add multiple selections into one wager and get all of them correct in order to win. While this sounds exactly like the other parlay style bet, pleasers work in the opposite in that you are giving up points rather than receiving some to your benefit. Keep reading on this page to learn more about pleaser wagers as we help you understand betting odds shifts when wagering with pleasers
What Is A Pleaser Bet
A pleaser bet is very similar to a parlay in that you select a number of teams to win their bets... however it differs from a parlay because you are not betting on evenly handicapped lines. Instead, when you place your wagers in a pleaser, you are often giving up 6 to 7 more points than what you would normally get. So, if a team is a 3 point underdog in a straight up point spread, in a pleaser that same team will be favored by 4. And, if a team is already favored by 3.5 points, then they would need to win by more than 10.5 points to secure a win within the pleaser bet.
Why Bet On Pleasers
Simply put, because of the payouts. When you wager on a pleaser, you are basically telling the oddsmakers that they are very wrong in their point spread prediction. 'Team A isn't going to just cover the six points... they're going to win by two touchdowns!!!' If that is ever something that you've said to yourself and been right about, then you might want to consider betting with a pleaser.
Teaser Bets Explained Meaning
A teaser combines three or more point spread wagers into a single bet and allows the bettor to adjust the spreads favorably. The bettor gets to choose how much to adjust the spread, but that adjustment is the same across every wager in the teaser.
You will have to put your money where your mouth is to back up that bold talk but if you do and you are right, the dividends can be enormous. But, these are not easy to win and the odds are definitely stacked against you. Treat a pleaser, or even a parlay for that matter, like a lottery ticket because you are going to need to overcome long odds however the return on your investment can be 1000/1... try getting that on Wall Street.
Example Of How Pleasers Work
Pleaser wagers are ideal for gamblers who like to take big risks or those with fat bankrolls who want to chase potentially big rewards. Pleasers offer the highest payouts in all of NFL betting, though they do require gamblers take a much larger risk at the outset. Here's an example of the payouts on a typical 8 point NFL pleaser bet:
2 Teams: 8-1
3 Teams: 25-1
4 Teams: 60-1
5 Teams: 150-1
6 Teams: 450-1
7 Teams: 700-1
8 Teams: 1000-1
9 Teams: 1350-1
10 Teams: 1750-1
Astronomical payouts yes, but the odds of pulling off a successful 10 team 7 point pleaser are also astronomical. Pleaser bets offer potentially large pay days, but you have to balance the risk versus the potential reward.
More About Understanding How Pleaser Bets Work
Unlike a straight bet, a Pleaser is a bet which can only be made on the NFL or college football. It starts similar to that of a parlay, in which you pick two or more games to place a bet on. Let's say that the Atlanta Falcons are favored (-7) over the Dallas Cowboys. And in the other game you want to wager on, the New York Giants are favored (-3) over the Miami Dolphins.
If you were betting this parlay, you would just place a wager on the two teams which you think will cover the spread.
Super Bowl Teaser Bets
In a Pleaser, however, it's more of a disadvantage you put yourself in, but with a higher payout. If you take a 6-point pleaser bet, then it would shift both lines by six points away from your favor. That means the Falcons would now have to cover a 13-point line, and the Giants would move to a 9-point line which they would have to cover.
You set the bet as more difficult to win, but the payout is quite a bit higher. Statistically, Pleasers are the worst bets to make as they are the most difficult to hit and any one “leg” of the pleaser that is incorrect kills your entire wager. But they have the highest payout of any of these types of bets making bettors ready to take on the challenge.
Bovada Sportsbook - Best Sports Betting Site For Pleaser Bets
Bovada has both football and basketball pleaser bets, at both the collegiate and professional level. Pleasers are a type of wager common among American sports bettors, only available for the games of American-style football and basketball. Bovada offers its customers (anyone from the US besides citizens currently living in New Jersey, Maryland, Delaware, and Nevada) a 50% match worth up to $250 on their first deposit. No promotional code is required for this benefit and with a range of reload offers and referral bonuses bettors can use other bonuses to continue swelling their bankroll at Bovada.
SportsBetting's Sportsbook - Lots Of Betting Odds + Tons Of Pleaser Options
Sportsbetting.ag is another site that caters to the world of sports betting but also gives US bettors who love bets like pleasers an option to place safe wagers. The customer support team at Sportsbetting.ag is unmatched as they offer a variety of ways to get in contact with someone that can help your issue – should you ever even experience one.
Teaser Bets Meaning
New members are rewarded with a 50% bonus deposit match worth up to $1,000 on their first deposit, which can be accessed by using the code SB1000. Pleasers and other multi-team and multi-sport bets are a big part of Sportsbetting.ag's customer service policy, and the site is happy to do business with Americans from any of the 50 states – no restrictions whatsoever.
BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions For Pleaser Bets
BetOnline is big on pro and college football. And, since they do business w/ USA residents from all over the country, you know they offer a good variety of pleaser bets. Though BetOnline is a worldwide bookmaker, the site still does a ton of business through the NFL, NBA, and college basketball and football, plus plenty of pleaser options. Even better, BetOnline gives their bettors the option of earning up to a 100% match bonus up to $1,000 on their first-ever cryptocurrency deposit (and continues to offer bonuses for life). To be welcomed with this 100% match, use the code CRYPTO100 when making your first deposit. If you enjoy bets on football that let you spread your wagers around several games on a given day, check out BetOnline.
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Teasers are one of the more advanced wagers in sports
betting. This is a wager you should definitely learn about
though, even as a beginner, as it provides opportunities to
place relatively low risk wagers which can still provide a good
return.
In this article we explain in detail how teasers work, but we
should point out that you need to already understand a few
things if it’s going to make any sense to you. For one thing you
should know how odds work, because odds are a basic component of
any wager. You should also know how parlays, point spread bets,
and totals bets work.
If you’re not yet familiar with any of these subjects, you
can find what you need to know on the following pages.
The Basics of Teasers
Teasers are essentially a type of parlay, in that they
involve making multiple selections as part of a single wager.
All selections have to win for the bet to be successful. The
selections included in a teaser must be based on either point
spread bets or totals bets. As such, teasers are typically
available only for football and basketball.
The main feature of teasers is that you are able to move the
spreads or totals lines in your favor, increasing your chances
of winning. Let’s take a look at the betting for an upcoming
football match so we can explain how this works in practice.
As you can see, the Kansas City Chiefs are given 3.5 points
on the spread here. If you were including a point spread bet on
the Chiefs in a parlay, or just making a straight bet on the
spread, you would need them to lose by three points or less (or
win). As a selection in a teaser, however, they would be given
extra points. If you included them in a six point teaser, for
example, they would be given 9.5 points on the spread, meaning
they could lose by up to nine points and the selection would
still be a winner.
The same principle applies if you’re betting on the totals.
The line is set at 46.5 for this match, which means if you went
for the over you would need the total points scored to be 47 or
more. In a six point teaser the line would be moved to 40.5,
which means 41 or more would be good enough. If you went for the
under, the six point swing would be in the other direction, and
the line would move to 52.5.
As you can see, teasers can make it significantly easier to
get your selections right. The downside is that the payouts are
lower than in standard parlays, which we’ll get to later.
Teaser Variables
The main variable with teasers is the number of points that
the spread or totals lines are moved by. With football teasers
you’ll find most bookmakers and online betting sites offer
three options – 6, 6.5, and 7 points. With basketball the three
options are usually 4, 4.5, and 5 points. These aren’t set in
stone though, and some places will offer even more flexibility.
Another variable is the number of selections you include in a
teaser. With most bookmakers, online and offline, the minimum
allowed is two and the maximum allowed is ten. This isn’t
always the case though. Some places may require more than two
selections or allow more than ten.
The payouts for teasers also vary. The more the spreads and
lines are moved in your favor, the lower the payouts will be. So
a 7 point football teaser will have lower payouts than a 6 point
football teaser. Payouts also change based on the number of
selections, as they do with a standard parlay. The more
selections included, the higher potential payouts. Remember,
though, that including more selections also increases the
chances of one or more of them losing.
Example Payouts
The following charts show some example payouts based on the
number of points and the number of selections. Please note that
the payouts for teasers won’t always be exactly the same with
every bookmaker and sports betting site, but the examples here
provide a good guide.
Football Teaser Payouts | |||
---|---|---|---|
# of Selections | Payout Odds (6.0 Points) | Payout Odds (6.5 Points) | Payout Odds (7.0 Points) |
2 | 10/11 | 10/12 | 10/13 |
3 | 9/5 | 8/5 | 7/5 |
4 | 3/1 | 5/2 | 2/1 |
5 | 9/2 | 4/1 | 7/2 |
6 | 6/1 | 11/2 | 5/1 |
7 | 10/1 | 9/1 | 8/1 |
8 | 15/1 | 12/1 | 10/1 |
9 | 20/1 | 15/1 | 12/1 |
10 | 25/1 | 20/1 | 15/1 |
Basketball Teaser Payouts | |||
---|---|---|---|
# of Selections | Payout Odds (4.0 Points) | Payout Odds (4.5 Points) | Payout Odds (5.0 Points) |
2 | 1/1 | 10/12 | 10/13 |
3 | 9/5 | 8/5 | 7/5 |
4 | 3/1 | 5/2 | 2/1 |
5 | 9/2 | 4/1 | 7/2 |
6 | 6/1 | 11/2 | 5/1 |
7 | 10/1 | 9/1 | 8/1 |
8 | 15/1 | 12/1 | 10/1 |
9 | 20/1 | 15/1 | 12/1 |
10 | 25/1 | 20/1 | 15/1 |
Teaser Example
To further illustrate exactly how teasers work, we’ll look at
an example teaser based on the following three football matches.
Let’s assume you decide to place a three team, six point
teaser, for a stake of $50. You select the Kansas City Chiefs,
the Dallas Cowboys, and the Atlanta Falcons on the spread. You
would need the following three results to win this teaser.
- Kansas City Chiefs to win, or lose by nine points or
less. - Dallas Cowboys to win, or lose by less than nine points.
A nine point loss would be a push. - Atlanta Falcons to win, or lose by a single point. A two
point loss would be a push.
If all three results came in, then you would win $90 based on
odds of 9/5. You’d also get your stake back of course. If just
one result went the wrong way, you would lose your $50 stake.
You can see that a push is a possibility in two of the games.
The rules relating to pushes varies at different bookmakers and
betting sites, but what generally happens is that a push means
that selection is effectively removed from the wager. If the
Cowboys lost by exactly nine points, for example, then that
selection wouldn’t count anymore. You’d be left with a two team
teaser. If the other two results came in, then you would win at
reduced odds of 10/11.
Teaser Bets Explained Odds
Now that you understand how teasers work, you might want to
learn how best to use them to your advantage. We can help you
with this, because we have provided a strategy article with advice on
football teasers.