For people that aren’t very familiar with sports betting terms, a teaser is simply a modified parlay, and follows the same principles of a parlay bet. The only difference is that with a teaser, you get to buy a certain amount of points, which allow you to modify the point spreads, or the total points on the over/under bets. Interestingly, a lot of people who are new to sports betting are quick to embrace parlay bets, but stay away from teasers, because they think it is too complicated, when in reality, it isn’t.
To better understand how teasers work, imagine that you want to bet on a two team parlay involving the New England Patriots and the New York Jets, and the Seattle Seahawks and St, Louis Rams. The point spread for the New England is -8.5, while the point spread for the Seattle is -3.5. You like both teams to win, but aren’t sure about the point spread, with a teaser, you can buy a 6 point teaser, which will make the point spread -2.5 for New England, and +3.5 for Seattle, which is more manageable. The new point spread also increases your chances of winning the bet, and the payout is similar to that of a regular parlay. But you should be aware that a lot of online sportsbooks these days use fixed teaser odds, which reduces the payout significantly. When it comes to teasers, you aren’t limited to just two teams, you can include as many teams as you like, and the points you bought applies to all the teams you pick.
When it comes to teasers, you have to know when the right time to use one is, if you are planning to make some money. According to betting handicapper Stanford Wong, who published a book on teaser strategy, three and seven are the most common margin of victory in the NFL, and he used some math to determine that teasers that cross three and seven are the best bets to make when using teasers to bet on NFL games. Going by this strategy, if you are buying a six point teaser, your goal is to find and tease games with underdogs that start at +1.5 to +2.5, which means you have to pick teams that are +7.5 and +8.5 point underdogs. The strategy also works for favorites, so you should tease favorites that are at -7.5 and -8.5 also.
Because you are taking games that would have been a loss on the point spread, and turning them into wins, you are officially crossing the three and seven, in what is known as the basic strategy teasers, or the Wong teasers.
In the NFL, the games end up being decided by three or seven points, 22 percent of the time, so by teasing the games using the Wong teaser, you are increasing your chances of picking accurately up from 50 percent to 72 percent.
When it comes to betting the Wong Strategies, it is always a good idea to do some line shopping, because a lot of sportsbooks are aware of the various techniques people are using, and have different lines for the same game. If you find a sportsbook that allows you to cross the three and seven, then you should place your bets there.
In terms of the best sport to use a teaser on, professional football is the best, because it stays true to the three and seven margin of victory more that college football does. If you intend on using a teaser for NFL games, there is no point using it on a two team teaser, because they payout isn’t really worth it, and you are better off going with a regular parlay. Statistics show that teasers are more effective when being used on anywhere between four and seven teams, which is great, because the payouts are definitely better.
Basketball is also a great sport to place teaser bets on, because you can buy points to make the odds on the total points scored in a game easier.
As previously mentioned, sportsbooks are aware of the techniques that people are using to make their teaser bets, and they have in turn started to protect themselves better, by using fixed odds, making it harder to buy points that allow you to cross the three and seven, or making the odds so high, it is not worth buying the points, because the payout is so low.
Don’t miss out the Sports Betting General Guide that MyBookie has for you:
Betting Guide 1
- Spread Betting Tips
- Understanding When to Bet Spread Betting vs. Money Lines
- Sports Betting Guide: Spread vs Money Line
- Playing Difference of Point Spread vs. Moneyline Sportsbetting
- Wagering on Moneyline or Straight Up Bets
- Five Questions You Should Ask Yourself When Betting On Sports
- Determining Betting Impact Of Injured Players: Betting Guide
- Betting Non-Marquee Sports NASCAR, Golf, Tennis, WNBA
- What Is Implied Probability In Online Betting?
- All About Sweetheart Teasers The Good, Bad and Ugly
- Introduction To Bankroll-Boosting Pleaser Bets
- Keys To Disciplined And Profitable Betting
- Picking Sexiest Cheerleading Squads in American Sports
- Analysis of Understanding Of Player Props
- Insane Betting Myths That Are Actually True – September 5th Edition
- Insane Betting Myths that are Actually True – September 2 Edition
- Betting On Draws Strategy Explanation
- Betting on Draws
- The Keys To Developing A Winning Mindset
- Key Numbers In Sports Betting
Betting Guide 2
- Non-Marquee Sports With Profits From College and Pro Sports
- Each Way Double Explanation For Doubles and Each-Way Doubles
- Dealing With Sports Betting Losing Streaks
- Round Robin Bets Explained
- Using Trends to Predict Outcomes in Sports Betting
- Reverse Bets Explained
- The Importance of What You Know in Sports Betting
- Understanding the Impact of Downtime in Sports Betting
- Reduced Juice Betting Explained
- How to Optimize Your Selection Process in Sports Betting
- Using Stats, Trends and Other Statistical Betting Tools
- Sportsbetting Guide: Hedge Betting Explained
- Principles of Value Betting
- Sides vs. Totals Debate: Which Should You Be Betting?
- Is Paying for Picks Worth it?
- How to Get Max Value When Betting
- Types of Sports Bettors
- What is Proportional Betting?
- Methods to Improve your Betting Income
- Identifying Profitable Prop Bets
Betting Guide 3
- Most Common Risk Factors in Sports Betting
- Risk Factors that Every Sports Betting Fan Should Keep in Mind
- Using Stats in Sports Betting
- Understanding and Wagering on Prop Bets
- What’s the Difference Between an Oddsmaker and a Bookie?
- What is Point Shaving?
- Identifying When to Stay Away from Betting Favorites
- Most Common Sportsbetting Handicapping Myths
- What Makes a Successful Sports Odds Bettor?
- Are Winning Streaks in Sports Betting Real?
- Most Popular Leagues to Bet On
- Early vs Late: What’s The Best Betting Strategy?
- Sides vs Totals: Where Should You Place Your Bets?
- Win, Lose, or Draw: The Art of Sports Betting
- Gambler’s Fallacy Explained
- Exposing The Gambler’s Fallacy
Betting Guide 4
- The 20 Golden Rules of Betting Against the Spread
- Using Free Bets To Your Advantage
- Choosing An Online Sportsbook: Top 5 Things To Consider
- The Importance of Discipline and Emotional Control in Sports
- Winning Percentage vs Units Won
- Wat is Statistical Handicapping?
- Should You Bet On Your Own Team?
- Sports Betting: Tight vs Loose Wagering Styles
- Perfect Sports Betting Situations To Use Teasers
- Gambling Whose Time Has Come Written
- Advantages of In Play Betting
- Bankroll Money Management
- Online Betting Types You Should Use More Frequently
- Parlay Explained: How to Boost Your Sportsbetting Bankroll
- Sports Betting Questions to Ask at the End of a Streak
- How to Handle the Next Game After a Betting Loss