What is a Teaser Bet?

What is a Teaser Bet? Image

Parlay bets are quite popular and have different variations that punters can choose. One of the most popular options is the “teaser bet,” which allows the player to change the point spread for the event. Hence, it can increase your likeliness of winning. However, the sportsbook reduces the payout if the bettor wins.

Teaser bets often apply to American football, but be aware that you may also find them in other sports. We'll go over the essentials of teaser bets and what you can do to get the most out of them.

How do Teaser Bets work?

We’ve explained above the “essential” way of functioning that teaser bets have. However, the concept is a bit more extensive.

When you choose to play a teaser bet, you exchange “points” for “volume.” In other words, you’ll be buying certain points, but you’ll also have to parlay at least two selections for your bet to be valid. The number of points can vary depending on the sport. For instance, football standardly offers about six points per match, while basketball offers four points.

Since teaser bets are considered to be parlays, you should keep in mind that you analyze the situation for a bit before coming to a decision. This way, you might be able to make the most of your bet, especially if you consider that the payout can be quite high, but the risk involved is quite high.

Let’s take a look at an example:

Let's say that you're interested in a two-team football event, which the following odds: Team A (-7.5) vs. Team B (+1.5). A teaser bet grants you six points and can allow you to bet on a price that suits your current budget. Hence, you decide to change the odds of the first team from -7.5 to -1.5. Then, the odds will end up looking like this:

Team A (-1.5) vs. Team B (+7.5)

Are Teaser Bets a good idea?

Like this, you can modify teaser bets to suit your current needs and make it easier for them to match your needs. However, keep in mind that the house has a clear advantage over you in these bets since you're modifying the spread and will have a lower return on investment if you bet on the original odds.

If you want to make money with sports betting, teaser bets may not be your best option. After all, teaser bets are still considered parlay bets, which aren’t the best option for those looking forward to maximizing their earnings in the long run.

Since you’re playing a parlay, all the events must win for you to be able to take the payout. If not, you’ll lose money.

Teaser bets can be fun, but maybe it’s not the best idea to take them seriously. You can perhaps make the game a bit more exciting, but that doesn’t mean that you’ll be able to get more money through your bets that way. In the end, the decision is yours.