An NFL teaser wager is a combination of two to ten (2-10) wagers in which you get to adjust the point spread or total in your favor in exchange for a lower payout. When you make a teaser wager that includes an ATS point spread, you can either decrease the spread for the favorite or increase the odds for the underdog. Game Time Team » Teaser Odds Expected ROI Sportsbook; 04:00 PM ET Patriots » Tease to -1.0: 2.35%: Bookmaker: 06:00 PM ET Titans » Tease to -2.5: 0.37%. Teasers at -140. While the odds for 2-team teasers are somewhat standard, they can vary more significantly when you include three teams or more. It’s worth noting that many betting sites offer special teasers where, rather than getting a larger payout, you keep getting more points for each team added. For example, one site offers the following. Types of Teasers NFL Teaser Odds. When betting NFL teasers, the most common football teaser varieties are selecting two or three teams. Three-Team Teaser Odds. You’ll need all three teams to cover in order to win the 6-point teaser bet. NBA Teaser Odds. Sportsbooks offer teasers. Using a conventional six-point teaser, that would reduce the point spreads of each team to 1½ and 4½ points respectively. Should each team cover the revised odds, the bettor would be paid out at.

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?

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.

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

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.

Each week of the season I’ll be providing readers with what is known as my best NFL Teaser Pick of the Week (below). These have been very profitable for me as I’ve made money on these bets six of the last eight years.

I will either provide a 2-team 6-point teaser (-120), 2-team 7-point teaser (-140) or 3-team 10-point teaser (-120). The 6-point teaser requires us to risk 120 units to win 100. At a lot of places, you can get even better odds than that so would be ahead even more. For the 10-point teaser, we also have to lay 120 units to win 100. If you need some help with how to bet these wagers, be sure to check out my NFL teaser strategy guide.

While I pick my favorite, I also provide you with the best teaser odds each week. Those teams listed are based on teasing specific numbers. All of these have provided great long-term results (note: lines are based on the odds at Bookmaker at the time this article was posted).

Last Week’s Teaser Result:

• Packers -2 (Won)
• Colts -1 (Won)

NFL Week 16 Teaser Odds – Best Available (6-Point, 7-Point & 10-Point)

Best Two-Team/6-Point Teaser Odds

• Broncos +9
• Texans -1
• Colts +8
• Bears -2
• Panthers +7
• Rams +7
• Cowboys +9
• Titans +9
• Bills -1

Remember that these teams and odds simply represent the best value for teasers based on past results. Instead of just betting them blindly, I want to identify all of them each week and give out what I feel is the best teaser bet of the week. Also remember that you need to be able to get the odds listed on each game, or they may fall out of favor of this system.

Free Pro Football Betting Advice – NFL Teaser Pick of the Week

2-Team/6-Point Teaser

Nfl Teaser Odds This Week

• Bears -2
• Colts +8

Risking 120 to Win 100

2020 Teaser of the Week Record: 11-3 (+740 Units)

Why I Like It

Bears -2 (teased down from -8) vs Jaguars – It’s tough to take the Bears as a road favorite, but the Jags are a mess right now. They are in line for the top pick in next year’s draft, and unlike the Jets, I don’t think that’s something they want to give up. They don’t have a quarterback of the future and they aren’t going to win any games to finish the year out to mess up their chance at Trevor Lawrence.

Nfl 10 Point Teaser Odds

Colts +8 (teased up from +2) vs Steelers – The Steelers have lost three straight and fell to the Bengals last week. That was a game they needed and it came after two straight losses so you can’t tell me it was a letdown spot. This is going to be a low scoring game with points at a premium. Indy will keep this within a touchdown.

Good luck this week!

Previous Season Results (wagering to win 100 units on each teaser)

Teaser Odds Chart

• 2012 – 8-2 (+560 units)
• 2013 – 10-6 (+290 units)
• 2014 – 7-10 (-510 units)
• 2015 – 10-7 (+160 units)
• 2016 – 11-6 (+450 units)
• 2017 – 7-11 (-620 Units)
• 2018 – 11-7 (+300 Units)
• 2019 – 12-7 (+360 Units)

Nfl Teaser Odds

Overall Record – 87-59 (59%) +1630

Nfl Teaser Payouts

For more great content this week check out my NFL survivor pool picks.