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• 3 Team Teaser Rules
• Two Team Teaser Payout
• 5 Team Teaser Payout List
• 5 Team Teaser Payout Bet
• 5 Team Teaser Payout
• Football Betting Teasers

One of the most popular types of wagers that NFL sports gamblers like to bet on are teaser bets. An age old question among sports bettors is are these bets profitable and what is the best way to reduce the edge held by the sportsbooks?

What Are Teasers?

3 Team Teaser Rules

Teasers are multi-leg bets similar to parlays, but that instead allow bettors to modify or move the point spread. They are most common in both college and pro football, but can also be bet on basketball games, as well.

All the legs of the bet must win for a bettor to win their teaser. If one the legs loses the teaser is graded as a loss. Bettors must choose a minimum of two teams in their teaser bet but may choose up to 15 teams at many sportsbooks, and anything in-between. When I say teams, I mean totals as well, any side or total can be used as a leg in a teaser bet.

Dec 16, 2020 For example, a 5-team teaser that results in two pushes will become a 3-team teaser, and the payout will get recalculated based on the new number of plays. A push or tie in any 2-team regular teaser will result in a push for the whole teaser, unless the other game gets graded as a loss. If you have 3 or more teams a push with wins will just reduce your payout. So a push, win and win on a 3-team teaser will reduce your payout to a 2-team teaser win. I’ve also seen books who grade pushes as losses. You’ll have to be careful with those. Pro Football Teaser Payouts & Betting Odds: 6-pt, 6.5-pt, 7-pt & 10-Pt.

Let’s look at some straight bets from a typical NFL Sunday before I show how a teaser affects each number:

San Francisco 49ers -3
St. Louis Rams +6.5
Minnesota Vikings +5

Two Team Teaser Payout

Now, we’ll look at the odds offered after we add 6-point three team teaser to our selection of bets.

San Francisco 49ers +3
St. Louis Rams +12.5
Minnesota Vikings +11

As you can see the odds have moved 6 points in our favor. This 3-team teaser pays out at +165 for bettors in US odds. That means, if a bettor wagered $100 on this 3-team teaser and all his legs won, he would win $165 plus original stake of $100. But, what if one of the legs ties or pushes?

Let’s say the 49ers end up losing the game by exactly 3 points, making the San Francisco leg of the bet a push. Depending on your online sportsbook, a tie could result in the loss of the teaser or grade the wager no action. What happens then? The teaser is reduced to two teams. If the sportsbooks allows pushes to be graded as no action, the teaser will then just be reduced by one game.

For instance, if one of my bets pushes in a 4-team teaser, then the teaser becomes 3-team teaser with correct appropriate odds. Remember, this is not the case if one bet pushes and the other bet loses. Any teaser, besides a 2-team teaser is graded as a loss.

The vast majority of sportsbooks offer teasers that count pushes as a reduction in the number of teams and not as a loss. Some sportsbooks, such as 5Dimes Sportsbook offers players a wide array of choice with their teaser bets, including options for ties/pushes reducing the number of teams and a tie counting as a win, as well. Of course, the odds change slightly depending on your choice, but this is a marvellous feature which puts a lot of control in the bettor’s hands.

Almost all US-facing sportsbooks will offer sweetheart teasers, also known as monster teasers. These bets are normally 10 3-team teasers but have unique rules. I cover sweetheart teasers in depth on this page.

Teaser Odds

Below are the listed NFL teaser odds for Bovada.lv, which is probably the most popular online sportsbook for US-based online sports bettors.

As you can see, the odds increase dramatically as players start to reach the higher numbers of teams. Also, if players want to buy more than six points it will cost them. Bovada’s teaser odds are around the industry standard, but US bettors can usually find better odds and certainly better options at 5Dimes.

For those that like to bet 2-team teasers, 5Dimes offers players +100 odds versus the -110 that Bovada offers. 5Dimes also allows players to go up to 15-team teasers and allows teaser options up to even 20 points. Of course, bettors will pay big if they want a 20 point teaser, and it will vastly decrease the amount they stand to win on the wager.

Why Odds Less Than Parlays?

Those that bet NFL parlays may come over to teasers and wonder why the odds are so much worse for bettors. For one, bettors are getting more points in their favor, but the other reason is that a teaser is the only bet which a sportsbook offers that can be beat from both sides, even if they receive balanced action. Let me show you what I mean.

Cincinnati Bengals +3 at Pittsburgh Steelers -3 Total: OverUnder 47

We bet several combinations of teasers:

Bengals +9 and Over 41
Bengals +9 and Under 53
Pittsburgh +3 and Under 53
Pittsburgh +3 and Over 41

If Pittsburgh wins the game by a final score of 23-20, all of the above bets win. 23-20 is a fairly common score line in the NFL, meaning that bookmakers can lose their asses when certain numbers hit for players.

However, if the books can lose big, they can also win big. This same situation may happen in reverse, but go in favor of the sportsbooks and they can scoop up the profits from teaser bettors. Also, certain types of teasers have had a lot of success over the years, especially Wong Teasers, which have forced bookies to decrease the overall teasers and have even pushed them off certain numbers.

Are Teasers Profitable?

The Wizard Of Odds did a long term study over hundreds of NFL games from 2001 to 2011 on the profitably of teasers and the sportsbook’s edge on bettors.

He analyzed common teasers of 6, 6.5 and 7 points but also looked at teasers up to 14 points. His results were rather conclusive, and he found that sportsbooks held a rather large edge on NFL teasers. Interestingly, he found that for the more commonly bet teasers of 6 or 7 points that away teams and overs were marginally better than home teams and unders.

Teasers are similar to parlays, in that the edge of the sportsbooks increases as the number of picks or teams in the teaser increases. So, if bettors want to have a chance at betting the sportsbooks with teaser bets, they better stick to 2 or 3-team teasers.

Even these odds are not great as they still give the sportsbooks an edge of 10 to 19 percent depending on your prospective sportsbook’s teaser odds. This is a significant edge, and it only gets worse from there. As the number of teams get higher, the odds get worse and worse for NFL bettors. According the decade on NFL games compiled by the Wizard of Odds, the sportsbook’s edges on teasers of 4 or more picks is anywhere largely from 17 to 55 percent and gets worse as gamblers add more bets.

This massive edge is impossible to beat, making teasers a sucker bet in many cases. Wong Teasers, as mentioned on Intense Gambling have been proven to be profitable with the appropriate odds, and I discuss this in-depth here. But, long term, teasers in most situations are not wise bet for bettors.

Tips For Betting Teasers

Though we just discussed that most teasers are not profitable for bettors, there is a reason why it is called gambling. Bettors may still want to try and hit it big by betting teasers, and even though the odds normally are not in their favor, I’ll do my best to point them in the right direction to minimize the bookie’s edge as best as possible.

Firstly, finding a sportsbook with the best odds and options is vital. Making sure that the book gives no action on 2-team teaser in which one game pushes is also crucial. If you want to bet teasers with a variety of options, such as teasers higher than 8-9 teams or sweetheart teasers, be sure to check that the book is offering these wagers before signing up. Try to formulate your own strategy for NFL teasers and use some of the tips and information written by Intense Gambling. The IntenseGambling.com page is the best NFL teaser study I’ve found online and its results seem to reveal some conclusive patterns.

Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.

NFL teaser betting is more common with intermediate or advanced bettors, but it isn’t a hard concept to understand – I will explain how NFL teasers work below.

What is a NFL Teaser Bet?

A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.

5 Team Teaser Payout List

There are three main NFL teasers – 6, 6.5 and 7 point teasers.

5 Team Teaser Payout Bet

In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.

The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets “parlayed” (cannot do single teaser bets).

NFL Teaser Example

Here is what a two team 6.5 point NFL teaser bet would look like:

Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5

In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2

In order for you to win the teaser bet both incomes would have to be correct. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).

Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.

NFL Teaser Bet Payouts

Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.

Here are the NFL Teaser Payouts at 5Dimes (subject to change):

6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)

6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)

5 Team Teaser Payout

7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)

Football Betting Teasers

Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.

Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.