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Teaser Betting – How to Place a Teaser Bet For Profit 2021

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In the world of sports betting, there are almost endless possibilities in the types of bets you can make.

But today, we’re going to talk about teaser betting.

We’ll outline and define exactly what teaser betting is, what a teaser bet looks like, how to place a teaser bet, where to place a teaser bet and overall strategies you can use when analyzing a possible teaser bet.

If looking to get into teaser betting, the first thing you need to do is find a sportsbook site that offers it. Below, we have enclosed eight different sportsbooks that offer teaser betting, as well as screenshots as to what it looks like to place a teaser bet on each site.

Best Sites For Teaser Bets

What is a Teaser Bet?

By now you’re probably wondering exactly what a teaser bet is. Essentially, a teaser is a different type of parlay. Just like a parlay bet, a teaser bet requires you to win every game to cash the bet.

Teaser betting is most commonly done with football spreads and totals, as well as basketball spreads and totals.

But the difference with a teaser bet compared to just a regular parlay is that, in teaser betting, you’re getting points in your favor. We wish the sportsbooks did this out of the goodness of their hearts, but unfortunately they don’t.

While the number is in your favor, the price change isn’t. So a 4-leg parlay of untouched spread bets could be a 10/1 payout, a teaser bet with those same games with the number adjusted may pay out closer to 2/1 or 3/1.

Teaser Betting Explained

As we said above, with a teaser bet, you’re getting points in your favor, whether it be to make a lower spread for a favorite or higher spread for an underdog. Don’t miss out on our page explaining Underdog Betting.

It also makes the total in your advantage for a teaser bet, whether it be knocking some points off to make the over more attainable or adding points to a total to take the under. But it comes with a price.

Depending on the sport, you get a different amount of points added to your spread or total, but we’ll get more into the specifics of teaser betting basketball compared to football later.

A basic one we put together took the Tamba Bay Buccaneers at Washington Football team -10, Baltimore Ravens (-7.5) at the Miami Dolphins and the Pittsburgh Steelers (-7) vs. the Chicago Bears.

Here’s where the teaser comes into play.

Thanks to Bovada, you can choose how many points to buy for the teaser bet; 6, 6.5 or 7.

A parlay bet with those three spreads would come out to +628 (Bet $100 to win $628). Adding seven points to those spreads to make the teaser bet moves the odds down to +120. But now, instead of needing the Buccaneers to cover 10 points, you now need them to cover just three.

As for the Baltimore and Pittsburgh spreads, teased down to -.5 and a PK respectively, you would simply just need those teams to win to cash the teaser bet.

Bovada

Teaser Bet Calculator

As mentioned above, the more points you get in your favor, the more the price of the teaser increases.

Let’s look at another teaser bet scenario. The Buffalo Bills are at the New York Jets and are a 13-point favorite. We also have the Carolina Panthers as a 10-point underdog against the Arizona Cardinals.

Another factor that comes into play with teaser betting is the size of it. The more teams in the teaser bet, the better the payout. Even though you’re getting 6-7 points through teaser betting, the heavier risk is implied and calculated using algorithms by each book to determine the final price.

If you wanted to tease those two games by six points, you would get the Buffalo Bills -7 and the Carolina Panthers +16.

At Bovada, a teaser bet of that kind is -120, meaning you would have to bet $12 to win $10.

As mentioned previously, Bovada offers bettors the opportunity to buy more points in its teaser betting section. That would put the Bills at -6.5 and the Panthers at +16.5, but the price is increased to -130, essentially one dollar.

For -140, you can place a teaser bet to lower the Bills all the way down to -6 and the Panthers to +17.

But let’s see what happens when you add another team to the teaser bet.

As you’ll see, we added the Seattle Seahawks +4 at the Green Bay Packers to the teaser bet and the price went from -120 for a 2-team, 6-point teaser bet to +150 for a 3-team, 6-point teaser bet.

As pictured, buying a half-point to make it a 6.5-point, 3-team teaser drops the odds to +135 and to +120 for seven points.

You’re probably wondering what a sweetheart NFL teaser bet is for the -130, but we’ll cover that soon.

Teaser Sports Betting

By now, we’ve covered some of the basics of teaser betting and exactly what it means to tease a game.

We’ve already shown a teaser bet example for football. But you can also do teaser betting for basketball. Below, we’ll show an example.

What is a Teaser in Football Betting?

By now, you should have a good understanding of what a teaser is in football betting. To reiterate, bettors can get between six and seven points to their side of both spreads and totals.

Just like with a parlay, you have to bet more than one game for a teaser bet. The more games in the teaser, the higher the risk, but higher the payout.

As an example of a teaser that would’ve hit in the NFL, let’s look back to Week 9.

The Baltimore Ravens were laying seven points in what turned out to be a thrilling overtime contest with Justin Tucker winning the game with a field goal in overtime. Laying the seven points, the Ravens failed to cover the spread in the narrow win. However, if someone were to place a teaser bet with the Ravens teased six points to -1, that leg of the teaser would’ve hit.

As ugly as it was, the second leg of the teaser was the Houston Texans +4 against the Miami Dolphins in a 17-9 loss. While the Texans didn’t cover the spread, the team would have covered the teased line of +10. And finally, the Kansas City Chiefs were laying seven points in an Aaron Rodgers-less game against the Green Bay Packers. They pulled out the 13-7 win, but did not cover the spread. If teased down to -1 with a 6-point teaser bet, it would’ve cashed as well.

Now we’ll discuss exactly what a sweetheart is.

On Bovada, once you choose at least three teams for a teaser, the option for a sweetheart will be available. Instead of giving you between six and seven points to your side, a sweetheart in teaser betting gives the bettor 10 points to their advantage.

If a fourth team is chosen for the teaser bet, another option will become available; a sweetheart in which the bettor gets 13 points to their side. Considering that’s almost two touchdowns to the bettor’s side, the payout might not be as glamorous, as a 4-team 13-point sweetheart comes in at -140, while the three-team 10-point sweetheart still gives the bettor plus odds.

On BetUS, you can even place what they call a “pleaser”, in which, instead of buying points in your favor, the bettor is essentially selling points back to the book. If the Bills are 13-point favorites against the New York Jets, but the bettor thinks they’ll win by more, you can sell from 7.5 to 3 points.

Teaser Bet Basketball

As mentioned above, football isn’t the only sport that offers teaser betting. While football is perhaps the most common, basketball offers it as well.

In basketball teaser betting at Bovada, they allow for a tease from as low as four points to as high as six points for teaser bets of two or more teams. You can also do a mixed teaser of football and basketball for different point values.

If the bettor chooses to add a team and make it a three-team teaser, the bettor will have the option for a sweetheart bet for seven points for +100 odds and eight points for -110.

When a fourth team is added to the teaser bet, the bettor will receive two more options for a teaser bet of up to 10 points in their favor.

Baseball Teaser Bet

Due to such low numbers in the sport, baseball typically does not offer teaser betting.

How to Bet a Teaser

Now, we get to the fun part of actually betting a teaser. Just follow this step-by-step guide.

Step 1: Log on to your online sportsbook of choice. For this example, we’ll be showing you teaser betting and how to do so on Bovada.lv.

Step 2: Once on the Bovava.lv homepage, you’ll need to sign in or create an account if you’re not already a member.

Step 3: Right beneath the Bovada banner on the top left side, you should see sports with a matching symbol next to them. For this, we’ll do a football teaser bet, so click “Football” and that will bring us to our next step.

Step 4: That should bring you to the football page which will look like this. Locate where it says “Football – Next Events” and a drop down menu will display, from soonest to furthest, NFL contests coming soon with the corresponding lines.

Step 5: Next, you’ll chose what you want in the teaser. You can pick one of the spreads to tease up or down in the “Spread” column or one of the totals in the “Total” column. After selecting one, you’ll see the wager appear on your bet slip on the right-hand side of the page. Until putting at least two selections onto the bet slip, the option for a teaser will not appear.

Step 6: Once you have at least two selections in the bet slip, it will likely be showing you the parlay odds, not the teaser odds. To get to the teaser tab, click the “-” or the minus button next to where it says parlay.

Step 7: With the parlay menu out of the way, you should be able to see where it says “Teaser” with a plus sign next to it. Click on the “+” to the right of the word teaser, and from there, the teaser menu should pop up.

Step 8: Decide how many points you’d like on the teaser bet. If it’s more than six points, click where it says “NFL Football 6 points” and a drop down menu will appear, giving the opportunity to change it to 6.5 or 7.

Step 9: After that, all you will have to do is enter the amount you wish to risk where it says “risk” and it will display how much that bet will win with the amount wagered.

Step 10: Granted you have sufficient funds, you’ll just have to click the red button that says “place bets”. It will process for a moment before giving a ticket number. You can review your bets at any time by clicking the “open bets” tab right next to the “bet slip” tab.

Teaser Betting Strategy

After all the talk of teasers, we’re sure you can’t wait to get out there and try one for yourself. We know what you’re thinking. They sound easy, You’re getting enough points in your favor. No more backdoor covers, or a garbage-time touchdown ruining your under bet. But we’re here to tell you it’ll still happen.

There are certain strategies once can use when formulating teasers. Just like regular NFL gambling, there are key numbers you want to get on the right side of. That’s where the teaser can help. It can take a spread from one of the key numbers of 10 and tease it all the way down to three, arguably the biggest key number in football based on the amount of games that finish by three points.

It can also tease a spread from -6 or -7 all the way down to a pick ‘em. However, if you’re going to fill your teasers with spreads like that and tease them down to a pick’em or -0.5, you might as well just do moneyline parlays.

What a teaser bet is optimal for is teasing down a high spread from double digits, like the Buffalo Bills -13 against the New York Jets to pair with those bets you tease down to a pick ‘em.

One thing you can do is set up your teaser bet by time slot. If you have two selections from the early part of the slate, one in the late afternoon slate and one in the night game or the Sunday night game, you have an opportunity to hedge.

If you had a successful teaser going through last week, with the last leg being the Los Angeles Rams at -0.5, meaning you just need the Rams to win, you could have hedged with Titans ML at +280 and still likely found a nice middle ground to guarantee profit either way.

Sports Betting Teaser Sites Reviewed

Now you want to make your first teaser bet, you’ll have to pick a sportsbook to go with. Below, we will give a brief review of some of the top online sportsbooks.

BetUS has a nice layout and is quite user friendly. Everything important is featured prominently at the top of the page, with the list of sports down the left side of the page with the bet slip prominently on the right.

With BetUS, you can truly craft your own teaser, buying or selling points. The sportsbook offers 23 different teaser point options on football alone. For someone trying to buy points, or someone who feels like they have a sure thing to give points back to the book for higher payout, BetUS is the site for you.

Bet US Teaser Bets

Bovada is one of the biggest and respected names in the world of online sports betting. The site has a smooth feel to it and is one that is very kind to beginners, with easy-to-read tables with the bet slip featured only when a pick is selected.

While it’s very beginner friendly, it doesn’t offer the customization of a teaser quite like BetUS, with far less options and no possibility of selling back points.

Bovada Teaser Bets

MyBookie while one of the “newer” books to offer online betting, including teaser betting, they’ve grown quite popular.

Instead of the bet slip having its own spot on the page like the previous two books, MyBookie chooses to have the slip pop up and essentially follow you as you scroll the page, many times blocking the numbers. You can minimize or drop the slip to the bottom to make scrolling easier, but with the top banner already taking up a large portion of the page, with the moving slip, makes it feel bunched at times.

In terms of teaser options, they offer the typical 6, 6.5 and 7-point teasers, as well as the sweetheart option of +10 on a 3-team teaser. If a fourth pick is put in the teaser, the 10-point sweetheart is replaced by a 13-point sweetheart.

MyBookie Teaser Bets

Xbet made navigating the site very easy. You’re drawn to the center of the page with its flashy promotions across the different sports, with the sports listed directly above and run across the page.

In terms of its betting functionality, it feels like its one-of-the-same with MyBookie. They offer the 6, 6.5 and 7-point tease on a 3-team teaser, with a 10-point sweetheart option, but is replaced with a 13-point sweetheart option if a team is added to make it four.

Xbet Teaser Bets

The BetOnline site is basic but very easy to use. It’s not flashy, but it’s tidy. It’s a new design, and fans of their classic layout have the opportunity to go back to it with the a button at the top of the site.

BetOnline has slightly more teaser options and one unique to it. While having the 6, 6.5, they also offer a 7.5-point teaser. It will offer a 10-point sweetheart on a 3-team teaser. When increased to a 4-team teaser, it gives the option of a 13-point tease.

However, even with a 3-team tease, BetOnline offers a 21-point football tease, as well as a 6-point pleaser.

BetOnline Teaser Bets

Teaser Bet Rules

A teaser is a bet in which two more more teams, (the maximum can differ by the sportsbook) that allows the bettor to buy points in their favor, or against them at some books.

In a two-team teaser, if one of the legs result in a push, it will count as no action at the book. If one selection loses, it’s a loss.

Teaser Betting Pros

There are many different pros when it comes to teaser betting.

For one, it feels like a parlay. You have to hit every leg for it to hit.

Another pro is the customization you can do with it. You can bet heavy favorites down to much more manageable spreads, while also being able to bet big underdogs even higher.

The same can be said with bets on totals, especially if you’re getting a touchdown in your favor.

While it may not be one of the hefty payouts you see getting famous on Twitter and Instagram accounts, you can still get around a +200 payout with a pretty simple bets in the teaser.

Teaser Betting Cons

One of the biggest cons of teaser betting is that you’re still not all that likely to win. While it may feel like you’re getting away with robbery by getting a touchdown in your favor in football or more than five points in basketball, the fact of the matter remains you still have to hit two or more straight bets in a row to be successful.

Another con is that sometimes the tease rates prove not to matter. If you did a 7-point football tease, but all of them won against the spread, you’ll have a feeling of dread, as your payout could have been quite higher.

It can also not prove to matter on the other side of it either. For example, we teased the Dallas Cowboys from -10 down to -3 in a three-team teaser against the Denver Broncos, just for them to get outscored 19-0 through three quarters before a 30-16 loss. Even in the most drastic teasers where we could’ve gotten the 21-point tease from BetOnline, it still wouldn’t have been enough to save that line.

Teaser Bet Ties

When one of the legs in a teaser bet ties, it is removed from the slip and is treated as a teaser with one less team. A five-team becomes a four-team, a four-team a three-team and so on. However, if there is a tie in a two-game teaser, it counts as “no action” on the book and the bettor is returned their money.

Teaser Bets Conclusion

Wrapping up, we’ve now explained exactly what a teaser is as well as examples of successful and failed teasers.

We’ve shown you some of the best sites that offer teaser betting, as well as screenshots and directions.

The difference between a football teaser bet and a basketball teaser bet was also highlighted. We gave some different strategies you can use when betting teasers and where to bet them with reviews of some of the major online sportsbooks and even offshore sportsbooks.

Now comes the tough part; deciding exactly which sportsbook you’d like to partner up with to make your teaser bets. Between all of the options above, you have plenty of choices, whether you just want to do a 2-team teaser, or a big sweetheart bet, the options are almost endless. Good luck and always wager responsibly.

Teaser Betting FAQs

What is a mixed teaser bet?


What is a teaser in betting?


What happens with a teaser bet push?

Is a teaser a good bet?


Where can I bet on teasers?


Zach is a Basketball Insiders contributor. He got his degree in journalism from Indiana State University. Even in his downtime, Zach enjoys researching for his next bet.