The San Francisco 49ers move from 6.5-point favorites to 0.5-point favoritesĪssuming standard -110 lines, the odds on these three selections would have been $595 had the bettor played these selections as a typical parlay.The Dallas Cowboys move from 7-point favorites to 1-point favorites.As a result, the spread on every wager in the teaser shifts six points as follows: Tampa Bay game.Īdditionally, the bettor decides to take the most common NFL teaser margin, which is six points. The bettor takes Dallas, San Francisco, and over 43.5 in the Philadelphia vs. Now, imagine the bettor in this example likes favorites and overs. San Francisco 49ers (-6.5) / Arizona Cardinals (+6.5).Dallas Cowboys (-7) / New York Giants (+7).Imagine a bettor wants to build a three-team teaser from two NFL point spreads and one total. Teasers pay significantly less than standard parlays because the additional points bettors buy make their wagers more likely to win. Perhaps the most significant difference between parlays and teasers is their payouts. If even one leg falls short, the entire ticket loses. Like parlays, teasers are all-or-nothing propositions. However, the lack of same game teasers could one day change, considering the sports betting industry has already shifted its position on correlated parlays. The most commonly offered basketball teasers are 4, 4.5, and 5 points.īettors must buy the same number of points for each parlay leg and cannot build teasers from within the same game. In football, teaser bettors can buy 6, 6.5, or 7 points, although some books allow bettors to choose from a wider array. Bettors choose at least two wagers they want to combine, but instead of betting on the main spread or total, they wager on alternative lines.

Those restrictions aside, constructing a teaser is similar to building a traditional parlay. Most online sportsbooks only offer teasers within these markets. Football and basketball, both collegiate and professional, synergize particularly well with teasers. Teaser bets derive from point spreads and totals, as those are the only bet types where bettors can buy points. Value opportunities do exist at online sportsbooks, but finding them takes patience and precision. Teasers were once exploitable, but sportsbooks have taken preventative measures against this behavior.

The format has evolved significantly throughout the years, and not necessarily for the better. Teasers win far more often than equivalent parlays, which accounts for their reduced payouts.

4 game teaser payout