Simply put, a teaser bet is a variation on the parlay bet and is used to reduce risk to the better by offering a chance to wager on point spreads and game totals. The totals are therefore “teased” to give the person betting a better chance of winning, but at lower odds. Teaser bets are most ofen offered on football and basketball games only.
Although they may seem difficult to understand at first, teaser bets are easy to use if you break them down into smaller bets, and then look at the entire bet much like a parlay. As an example let’s say the Baltimore Ravens are playing the San Francisco 49ers, the teaser wager allows the better to bet on the point total or spread, therefore we will use the first point spread for the matchup:
First is the spread. Let’s assume you choose the Ravens to win at plus eleven points, this means that Washington must beat LA, or at least not lose the game by more than eleven points.
Step 2 – The Total – Player selects the game total points ( The final combination of points scored by both the Ravens and 49ers) to be 40 or under.
Therefore, for this bet to win, the Ravens must win outright, or not lose by more than 11 points AND the total points scored in the game must be 40 or under. So far, this looks a lot like a parlay bet, but now we’ll add the Teaser bet factor in, which will increase the bettor’s odds of winning, but will also mean a decreased payout.
Step 3 – The Teaser Points – The player is offered 7, 8, or 9 point teaser on the bet. The player selects an 8 point teaser, which means that 8 additional points are added to the spread from Step 1: 11 + 8 = 19 point Spread, and 8 points are added to the total from Step 2: 40 + 8 = 48 point total – or under.
Ideally, it is always best to think of teaser bets in smaller parts. Base your betting decisions on each seperate part. However, remember that adding points to the point total and spread will give you a much greater chance of winning but you will always get a smaller payout. Therefore a teaser bet changes a parly bet into a wager with more options and better odds for you.
When is it a good idea to bet a Teaser? If you’re looking for a safer bet than a regular parlay, a Teaser bet is a good substitute. The teaser points allow for a little more risk tolerance, but this privilege also means you’ll get paid out less. In some cases, Teasers are better because you might still come out a winner, even though you would have lost had you placed a standard parlay bet.
Most sportsbooks offer teaser bets in their lineups. Be sure to search through the betting options carefully, and also check out the “Exotic” bet section just in case Teasers aren’t listed in the regular lineup of betting options. Teasers are a fun way to give your wagers some flexibility and margin of error, so that you’re more likely to win. Furthermore, you’re not facing the long odds of a parlay, which for some players, makes placing Teaser bets a bettor option.
Rich Allen is an expert in Sports Betting Tips and has worked for Las Vegas and Atlantic City books. His Sports Betting Professor Systems have sold over 250,000 units and cover all major sports including horse racing. Download a FREE copy of The Sports Betting Insider’s Guide at: http://richallensports.com/sports-betting-tips
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