At first glance, betting on Teasers looks easy yet unusual but intriguing and fun. But a deeper dive reveals that teasers offer a land of opportunity for gamblers that want an extra “cushion” against the pointspread. Many more sophisticated gamblers have developed attractive strategies and betting systems to make the most of teasers. For the good gambler, teaser bets can be the difference in the margin between victory and defeat. The problem is that a teaser can become the ultimate sucker bet for many unsuspecting gamblers.
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What is a Teaser Bet?
A teaser bet is when you add anywhere from six, 10, or 13 points to the spread. This method works both for favorites and underdogs. At first glance, this seems like a phenomenal bargain for the gambler. But it is not. That is because teasers also work as parlays in which you have to win each teaser pick you make to win the bet.
In most cases, you must have at least two picks on your teaser. Of course, you can add more if you like. Further, because of that extra pointspread cushion on the teaser, the payout is not as strong as is the case for a regular parlay.
Depending on the online sportsbook, teasers can range from four to 19 points. You can play anywhere from two to 11 teams. Some online sportsbooks may allow for a one-team teaser. And while you’ll get those extra points, you will also pay for them. If you find a book that takes a one-team six-point teaser, you will normally have to lay out -$250. And if you want the maximum seven-point one-teamer, it will cost you -$285 to win $100.
At First Glance
Imagine having Aaron Rodgers and the Green Bay Packers at home with a regular betting line of -6.5 against their opponent. And then add the Kansas City Chiefs as 7-point home chalk against a quality opponent. Then look at the New England Patriots as a pick’em for a road game. Then imagine that you like the Packers, Chiefs, and Patriots to win their bets. But you don’t want to lay those points. Further, you would love to get points on the Patriots even as you think they will win. On a six-point teaser, your bets would be Green Bay as a half-point favorite, the Chiefs as one-point favorites, and the Patriots as six-point dogs. It sure looks good. Yet often, it’s not. That’s the danger of teasers.
Of course, you can succeed with teasers. But you can’t allow yourself to get intoxicated with them to the point of recklessness. Often those extra points you get don’t matter.
Most Common Teasers
The most common of all teasers is the six-point teaser in football. Most books range from two to nine teams on the six-point teasers. For a two-team six-point teaser, you will layout –$120 for $100.
Shop to Avoid Excess Juice
The house edge is quite high for a six-point teaser depending on the sportsbook. That house edge can rate from 17 to 34 percent. Part of this era that we live in is the ability to have multiple accounts at multiple online sportsbooks. Should you decide to play teasers, you will want to carefully fact-find the different payout structures in each book. They are often different.
What to Avoid with Teasers
Beyond doing everything in your power to avoid excess “juice” that you don’t have to pay for by properly shopping sportsbooks, there are some basic common mistakes that you can easily avoid.
First among equals is to not over-emphasize teasers. Many gamblers get suckered into a laundry list of teaser tickets because of the come-on of those extra points. Anywhere from one to three teasers is a good practice. That makes it fun, with a chance to win money but not putting your bankroll at unnecessary risk.
Finally, never assume a teaser turns a team into a lock. That is never the case. By avoiding overconfidence, you can prevent big losses on teasers. And perhaps even win!
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