What Is a Teaser Bet?

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Ever wanted to try something new when betting online? Teaser bets might be your answer.

But what exactly is a teaser bet, and how does it work? In this Online Gamblers guide, we’ll break down everything you need to know about teaser bets, from what they are to whether they’re a smart strategy for you.

What is a Teaser Bet?

Let’s start with the basics. A teaser bet is like a parlay bet, combining multiple selections into one wager for a potentially larger payout.

However, what sets teaser bets apart is that you can adjust the point spread for each game you include in your bet.

For instance, in a standard two-team, six-point football teaser, you can modify the point spreads for the two games you select.

This adjustment makes it easier to win the bet, but it also decreases the potential payout you’d receive if you win.

 

sports betting on mobile

How Do Teaser Bets Work?

In a teaser bet, you pay to alter the point spread for each game in your favor.

Typically, you can adjust the spread by six points for football games and four points for basketball games.

This adjustment increases your chances of winning the bet but requires you to pick at least two teams for your teaser bet.

All selected teams must cover their adjusted spreads for your teaser bet to pay out.

Let’s look at a couple of examples to illustrate how teaser bets work in practice:

Example 1: NFL Week 1 Teaser

Imagine you’re watching the Tampa Bay Buccaneers in Week 1, but you’re hesitant about them covering the spread against Dallas.

You can adjust the spread to a more favorable -1.5 with a teaser. Similarly, if you fancy the Indianapolis Colts but want more points, you can boost their spread to +7.5.

By combining these selections in a teaser, you create a more manageable wager.

pros cons teaser bet

Example 2: AFC East Showdown

Imagine having confidence in the Buffalo Bills and the New England Patriots for their Week 1 matchups.

By teasing the Bills’ spread to -0.5 and the Patriots’ spread to +3, you enhance your chances of success while reducing some risk.

Pros & Cons of Teaser Bets

Advantages of Teaser Bets:

  • Reduced risk compared to traditional point spread bets
  • Potential for larger payouts if all selections win
  • Flexibility in adjusting spreads to align with your expectations

Disadvantages of Teaser Bets:

  • Lower odds and diminished potential reward
  • Limited availability for certain games or sports
  • Reduced control over bet outcomes due to preset adjustments

To sum it up, teaser bets can be a fun and potentially profitable way to engage with sports betting.

However, like any form of gambling, they come with risks. Check out our tips below to stay healthy and responsible when betting on sports.

NCPG helpline problem gamblingResponsible Betting

  • Spend Wisely: Only use money that you are prepared to lose for gambling, there are never any guarantees for winning no matter your experience or insights.
  • Set Limits: Establish clear limits on both the amount of money and time you dedicate to gambling.
  • Avoid Chasing Losses: Never try to recover losses by gambling more.
  • Entertainment Only: Understand that gambling should be seen as a form of entertainment, not a financial solution.
  • Recognize and Act: Be honest about the signs of problem gambling and seek help when needed.

Keep in mind that gambling is meant for individuals over the age of 21. However, at Online Gamblers, we recommend that players wait until they are over 25 to begin gambling to ensure mature decision-making and financial stability.

If gambling stops being fun, or if you’re facing challenges with your gambling habits, please contact the National Council on Problem Gambling:

So, if you decide to explore teaser bets or any other form of wagering, do so responsibly and within your means.

 

A teaser bet is a parlay bet where you can adjust the point spread in your favor for each game you pick. It’s easier to win than a regular parlay, but the payout is lower.

You typically pay to move the point spread by 6 points in football and 4 points in basketball. You need to win all picks for the teaser to win.

Let’s say you want to bet on the Tampa Bay Buccaneers but are unsure they’ll cover the spread. In a teaser, you could move the spread to a more favorable -1.5 points.

Teaser bets are lower risk than regular parlays but also have lower payouts. They can be a good option if you want to be more cautious with your picks.

  • Lower risk compared to regular point spread bets
  • Potential for larger payouts if all picks win
  • Flexibility in adjusting spreads

  • Lower odds and payout compared to regular parlays
  • Limited availability for some games or sports
  • Less control over the bet outcome due to preset adjustments

Teaser bets are not a guaranteed way to make money. Like any gambling, understanding the risks and strategies is crucial before betting.

Liga Tarasova has a history of quality assurance and leading teams in an outsourcing company. Currently, she is working remotely as an Editor in Chief for Onlinegamblers.com. She stands for fair and safe gambling for people in the USA. Not long ago, she lived in Malta, the global iGaming hub, and worked at an iGaming company offering cloud-based product and platform services to B2B partners. Liga’s passion is visual arts and interior design.

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