Teasers are one of the more advanced wagers in sports
betting. This is a wager you should definitely learn about
though, even as a beginner, as it provides opportunities to
place relatively low risk wagers which can still provide a good
return.
A $100 teaser on this 3-team, 5-point teaser would have a payout of $150 in winnings. The exact payout schedule and whether a tie results in a push or a loss can vary across online gambling sites. Because teasers move the line so favorably in the direction of your choice, they do come at a price. Payout - The payout in a teaser is fixed - it doesn't change based on the teams involved. Each sportsbook sets their own payouts, though, and they can vary widely. When you are making a teaser bet. NFL regular season underdogs between +1.5 and +2.5 covered a 6-point teaser 75% of the time (330-109). And favorites between -7.5 and -8.5 have historically covered at a slightly higher clip of 76% (194-62). That gives us a total of 524-171 or 75.4%, which easily clears the 72.4% hurdle rate.
In this article we explain in detail how teasers work, but we
should point out that you need to already understand a few
things if it's going to make any sense to you. For one thing you
should know how odds work, because odds are a basic component of
any wager. You should also know how parlays, point spread bets,
and totals bets work.
If you're not yet familiar with any of these subjects, you
can find what you need to know on the following pages.
The Basics of Teasers
Teasers are essentially a type of parlay, in that they
involve making multiple selections as part of a single wager.
All selections have to win for the bet to be successful. The
selections included in a teaser must be based on either point
spread bets or totals bets. As such, teasers are typically
available only for football and basketball.
The main feature of teasers is that you are able to move the
spreads or totals lines in your favor, increasing your chances
of winning. Let's take a look at the betting for an upcoming
football match so we can explain how this works in practice.
As you can see, the Kansas City Chiefs are given 3.5 points
on the spread here. If you were including a point spread bet on
the Chiefs in a parlay, or just making a straight bet on the
spread, you would need them to lose by three points or less (or
win). As a selection in a teaser, however, they would be given
extra points. If you included them in a six point teaser, for
example, they would be given 9.5 points on the spread, meaning
they could lose by up to nine points and the selection would
still be a winner.
The same principle applies if you're betting on the totals.
The line is set at 46.5 for this match, which means if you went
for the over you would need the total points scored to be 47 or
more. In a six point teaser the line would be moved to 40.5,
which means 41 or more would be good enough. If you went for the
under, the six point swing would be in the other direction, and
the line would move to 52.5.
As you can see, teasers can make it significantly easier to
get your selections right. The downside is that the payouts are
lower than in standard parlays, which we'll get to later.
Teaser Variables
The main variable with teasers is the number of points that
the spread or totals lines are moved by. With football teasers
you'll find most bookmakers and online betting sites offer
three options – 6, 6.5, and 7 points. With basketball the three
options are usually 4, 4.5, and 5 points. These aren't set in
stone though, and some places will offer even more flexibility.
Homemade gambling games. Another variable is the number of selections you include in a
teaser. With most bookmakers, online and offline, the minimum
allowed is two and the maximum allowed is ten. This isn't
always the case though. Some places may require more than two
selections or allow more than ten.
The payouts for teasers also vary. The more the spreads and
lines are moved in your favor, the lower the payouts will be. So
a 7 point football teaser will have lower payouts than a 6 point
football teaser. Payouts also change based on the number of
selections, as they do with a standard parlay. The more
selections included, the higher potential payouts. Remember,
though, that including more selections also increases the
chances of one or more of them losing.
Example Payouts
The following charts show some example payouts based on the
number of points and the number of selections. Please note that
the payouts for teasers won't always be exactly the same with
every bookmaker and sports betting site, but the examples here
provide a good guide.
| Football Teaser Payouts | |||
|---|---|---|---|
| # of Selections | Payout Odds (6.0 Points) | Payout Odds (6.5 Points) | Payout Odds (7.0 Points) |
| 2 | 10/11 | 10/12 | 10/13 |
| 3 | 9/5 | 8/5 | 7/5 |
| 4 | 3/1 | 5/2 | 2/1 |
| 5 | 9/2 | 4/1 | 7/2 |
| 6 | 6/1 | 11/2 | 5/1 |
| 7 | 10/1 | 9/1 | 8/1 |
| 8 | 15/1 | 12/1 | 10/1 |
| 9 | 20/1 | 15/1 | 12/1 |
| 10 | 25/1 | 20/1 | 15/1 |
| Basketball Teaser Payouts | |||
|---|---|---|---|
| # of Selections | Payout Odds (4.0 Points) | Payout Odds (4.5 Points) | Payout Odds (5.0 Points) |
| 2 | 1/1 | 10/12 | 10/13 |
| 3 | 9/5 | 8/5 | 7/5 |
| 4 | 3/1 | 5/2 | 2/1 |
| 5 | 9/2 | 4/1 | 7/2 |
| 6 | 6/1 | 11/2 | 5/1 |
| 7 | 10/1 | 9/1 | 8/1 |
| 8 | 15/1 | 12/1 | 10/1 |
| 9 | 20/1 | 15/1 | 12/1 |
| 10 | 25/1 | 20/1 | 15/1 |
Teaser Example
To further illustrate exactly how teasers work, we'll look at
an example teaser based on the following three football matches.
Parlay Payouts
Let's assume you decide to place a three team, six point
teaser, for a stake of $50. You select the Kansas City Chiefs,
the Dallas Cowboys, and the Atlanta Falcons on the spread. You
would need the following three results to win this teaser.
- Kansas City Chiefs to win, or lose by nine points or
less. - Dallas Cowboys to win, or lose by less than nine points.
A nine point loss would be a push. - Atlanta Falcons to win, or lose by a single point. A two
point loss would be a push.
If all three results came in, then you would win $90 based on
odds of 9/5. You'd also get your stake back of course. If just
one result went the wrong way, you would lose your $50 stake.
You can see that a push is a possibility in two of the games.
The rules relating to pushes varies at different bookmakers and
betting sites, but what generally happens is that a push means
that selection is effectively removed from the wager. If the
Cowboys lost by exactly nine points, for example, then that
selection wouldn't count anymore. You'd be left with a two team
teaser. If the other two results came in, then you would win at
reduced odds of 10/11.
Now that you understand how teasers work, you might want to
learn how best to use them to your advantage. We can help you
with this, because we have provided a strategy article with advice on
football teasers.
Teasers betting is something not all bettors are aware of, yet it is an option that allows you to boost your chances of winning a bet featuring multiple selections (albeit at reduced odds). How do Teaser bets work, what are their payouts and what Teasers betting does Pinnacle offer? Read on to find out.
Teasers betting explained
In Teasers betting, the bettor receives a specified favourable point adjustment for every selection of a multiple selection bet, with the bet then also set at a fixed payout.
Teaser bet example
Here is how a six-point Teaser bet would work on Super Bowl LIV contested between the Kansas City Chiefs and San Francisco 49ers:
Market | Points set for regular bet | Points set for six-point Teaser bet |
Kansas City Chiefs (Handicap) | +2.5 | +8.5 Fanduel sports betting lines. FanDuel - Sports betting. Join now and play today! FanDuel's free sports betting guide is your go-to reference for understanding sports betting. We cover all the basics – straight bets, parlays, teasers and more – that can help you win money wagering on your favorite sports. New Fanduel users GET 55/1 ODDS on the Super Bowl! Looking for a great offer to bet on the big game this Sunday? Bet $5 and win $225 only at Fanduel Sportsbook! New FanDuel customers can receive a $1000 risk free bet after their first sportsbook deposit or up to a $500 bonus on fantasy with their first deposit. FanDuel offers daily fantasy contests for cash prizes & legal wagering on sports betting markets for all major sports. |
San Francisco 49ers (Handicap) | -2.5 | +3.5 |
Over/Under | 45.5 | Over 39.5, Under 51.5 |
As you can see, if somebody wanted to bet on the Handicap for the Kansas City Chiefs, they would move from a +2.5 underdog to a +8.5 (2.5 + 6) underdog, greatly increasing the chance of winning this selection. Equally, the Handicap on the San Francisco 49ers would move from -2.5 favourites to +3.5 (-2.5 + 6) underdogs.
For Over/Under bets, Teaser bets open up two separate markets to assist your bet. In this instance, when the Over/Under was set at 45.5, this would move to Over 39.5 (45.5 - 6) and Under 51.5 (45.5 + 6), essentially boosting your chances of winning by six points either way.
All of this does come with a reduced and fixed payout. If someone was to place a €100 Multiple bet on either team to win on the Handicap in one game and the Over/Under for another game, the payout would likely be around €365 (€265 profit), based on odds of -110 / 1.909 for each selection. However, the same bet with a six-point Teaser would have a lower payout with combined odds of -110 / 1.909, meaning that a €100 bet would only win €190.90 (€90.90 profit).
What Teasers betting does Pinnacle offer?
Pinnacle has betting markets for football teasers and basketball teasers. Teaser bets on Pinnacle can include Handicap and Over/Under markets.
Football Teaser bets
Pinnacle has three primary markets for Teaser betting on football:
- NFL Same Game: Teaser bets of 6, 6.5 and 7 points when all of the selections in the bet are on the same NFL fixture.
- NFL/College 2 - 6 Team: Teaser bets of 6, 6.5 and 7 points involving selections on between two and six NFL and/or NCAA football teams.
- Super Teasers: These are ten-point Teaser bets involving selections on three NFL and/or NCAA teams and 13-point Teaser bets involving selections on four NFL and/or NCAA football teams.
The payouts for football Teaser bets on Pinnacle are as follows:
Pinnacle football Teaser bet payouts
Point adjustment | Two teams | Three teams | Four teams | Five teams | Six teams |
6 | -110 / 1.909 | +160 / 2.600 | +260 / 3.600 | +450 / 5.500 | +700 / 8.000 |
6.5 | -120 / 1.833 | +140 / 2.400 | +240 / 3.400 | +400 / 5.000 | +600 / 7.000 |
7 | -130 / 1.769 | +120 / 2.200 | +200 / 3.000 | +350 / 4.500 | +500 / 6.000 |
Super Teaser bet: 10 points, three teams | -130 / 1.769 | ||||
Super Teaser bet: 13 points, four teams | -140 / 1.714 |
The same principle applies if you're betting on the totals.
The line is set at 46.5 for this match, which means if you went
for the over you would need the total points scored to be 47 or
more. In a six point teaser the line would be moved to 40.5,
which means 41 or more would be good enough. If you went for the
under, the six point swing would be in the other direction, and
the line would move to 52.5.
As you can see, teasers can make it significantly easier to
get your selections right. The downside is that the payouts are
lower than in standard parlays, which we'll get to later.
Teaser Variables
The main variable with teasers is the number of points that
the spread or totals lines are moved by. With football teasers
you'll find most bookmakers and online betting sites offer
three options – 6, 6.5, and 7 points. With basketball the three
options are usually 4, 4.5, and 5 points. These aren't set in
stone though, and some places will offer even more flexibility.
Homemade gambling games. Another variable is the number of selections you include in a
teaser. With most bookmakers, online and offline, the minimum
allowed is two and the maximum allowed is ten. This isn't
always the case though. Some places may require more than two
selections or allow more than ten.
The payouts for teasers also vary. The more the spreads and
lines are moved in your favor, the lower the payouts will be. So
a 7 point football teaser will have lower payouts than a 6 point
football teaser. Payouts also change based on the number of
selections, as they do with a standard parlay. The more
selections included, the higher potential payouts. Remember,
though, that including more selections also increases the
chances of one or more of them losing.
Example Payouts
The following charts show some example payouts based on the
number of points and the number of selections. Please note that
the payouts for teasers won't always be exactly the same with
every bookmaker and sports betting site, but the examples here
provide a good guide.
| Football Teaser Payouts | |||
|---|---|---|---|
| # of Selections | Payout Odds (6.0 Points) | Payout Odds (6.5 Points) | Payout Odds (7.0 Points) |
| 2 | 10/11 | 10/12 | 10/13 |
| 3 | 9/5 | 8/5 | 7/5 |
| 4 | 3/1 | 5/2 | 2/1 |
| 5 | 9/2 | 4/1 | 7/2 |
| 6 | 6/1 | 11/2 | 5/1 |
| 7 | 10/1 | 9/1 | 8/1 |
| 8 | 15/1 | 12/1 | 10/1 |
| 9 | 20/1 | 15/1 | 12/1 |
| 10 | 25/1 | 20/1 | 15/1 |
| Basketball Teaser Payouts | |||
|---|---|---|---|
| # of Selections | Payout Odds (4.0 Points) | Payout Odds (4.5 Points) | Payout Odds (5.0 Points) |
| 2 | 1/1 | 10/12 | 10/13 |
| 3 | 9/5 | 8/5 | 7/5 |
| 4 | 3/1 | 5/2 | 2/1 |
| 5 | 9/2 | 4/1 | 7/2 |
| 6 | 6/1 | 11/2 | 5/1 |
| 7 | 10/1 | 9/1 | 8/1 |
| 8 | 15/1 | 12/1 | 10/1 |
| 9 | 20/1 | 15/1 | 12/1 |
| 10 | 25/1 | 20/1 | 15/1 |
Teaser Example
To further illustrate exactly how teasers work, we'll look at
an example teaser based on the following three football matches.
Parlay Payouts
Let's assume you decide to place a three team, six point
teaser, for a stake of $50. You select the Kansas City Chiefs,
the Dallas Cowboys, and the Atlanta Falcons on the spread. You
would need the following three results to win this teaser.
- Kansas City Chiefs to win, or lose by nine points or
less. - Dallas Cowboys to win, or lose by less than nine points.
A nine point loss would be a push. - Atlanta Falcons to win, or lose by a single point. A two
point loss would be a push.
If all three results came in, then you would win $90 based on
odds of 9/5. You'd also get your stake back of course. If just
one result went the wrong way, you would lose your $50 stake.
You can see that a push is a possibility in two of the games.
The rules relating to pushes varies at different bookmakers and
betting sites, but what generally happens is that a push means
that selection is effectively removed from the wager. If the
Cowboys lost by exactly nine points, for example, then that
selection wouldn't count anymore. You'd be left with a two team
teaser. If the other two results came in, then you would win at
reduced odds of 10/11.
Now that you understand how teasers work, you might want to
learn how best to use them to your advantage. We can help you
with this, because we have provided a strategy article with advice on
football teasers.
Teasers betting is something not all bettors are aware of, yet it is an option that allows you to boost your chances of winning a bet featuring multiple selections (albeit at reduced odds). How do Teaser bets work, what are their payouts and what Teasers betting does Pinnacle offer? Read on to find out.
Teasers betting explained
In Teasers betting, the bettor receives a specified favourable point adjustment for every selection of a multiple selection bet, with the bet then also set at a fixed payout.
Teaser bet example
Here is how a six-point Teaser bet would work on Super Bowl LIV contested between the Kansas City Chiefs and San Francisco 49ers:
Market | Points set for regular bet | Points set for six-point Teaser bet |
Kansas City Chiefs (Handicap) | +2.5 | +8.5 Fanduel sports betting lines. FanDuel - Sports betting. Join now and play today! FanDuel's free sports betting guide is your go-to reference for understanding sports betting. We cover all the basics – straight bets, parlays, teasers and more – that can help you win money wagering on your favorite sports. New Fanduel users GET 55/1 ODDS on the Super Bowl! Looking for a great offer to bet on the big game this Sunday? Bet $5 and win $225 only at Fanduel Sportsbook! New FanDuel customers can receive a $1000 risk free bet after their first sportsbook deposit or up to a $500 bonus on fantasy with their first deposit. FanDuel offers daily fantasy contests for cash prizes & legal wagering on sports betting markets for all major sports. |
San Francisco 49ers (Handicap) | -2.5 | +3.5 |
Over/Under | 45.5 | Over 39.5, Under 51.5 |
As you can see, if somebody wanted to bet on the Handicap for the Kansas City Chiefs, they would move from a +2.5 underdog to a +8.5 (2.5 + 6) underdog, greatly increasing the chance of winning this selection. Equally, the Handicap on the San Francisco 49ers would move from -2.5 favourites to +3.5 (-2.5 + 6) underdogs.
For Over/Under bets, Teaser bets open up two separate markets to assist your bet. In this instance, when the Over/Under was set at 45.5, this would move to Over 39.5 (45.5 - 6) and Under 51.5 (45.5 + 6), essentially boosting your chances of winning by six points either way.
All of this does come with a reduced and fixed payout. If someone was to place a €100 Multiple bet on either team to win on the Handicap in one game and the Over/Under for another game, the payout would likely be around €365 (€265 profit), based on odds of -110 / 1.909 for each selection. However, the same bet with a six-point Teaser would have a lower payout with combined odds of -110 / 1.909, meaning that a €100 bet would only win €190.90 (€90.90 profit).
What Teasers betting does Pinnacle offer?
Pinnacle has betting markets for football teasers and basketball teasers. Teaser bets on Pinnacle can include Handicap and Over/Under markets.
Football Teaser bets
Pinnacle has three primary markets for Teaser betting on football:
- NFL Same Game: Teaser bets of 6, 6.5 and 7 points when all of the selections in the bet are on the same NFL fixture.
- NFL/College 2 - 6 Team: Teaser bets of 6, 6.5 and 7 points involving selections on between two and six NFL and/or NCAA football teams.
- Super Teasers: These are ten-point Teaser bets involving selections on three NFL and/or NCAA teams and 13-point Teaser bets involving selections on four NFL and/or NCAA football teams.
The payouts for football Teaser bets on Pinnacle are as follows:
Pinnacle football Teaser bet payouts
Point adjustment | Two teams | Three teams | Four teams | Five teams | Six teams |
6 | -110 / 1.909 | +160 / 2.600 | +260 / 3.600 | +450 / 5.500 | +700 / 8.000 |
6.5 | -120 / 1.833 | +140 / 2.400 | +240 / 3.400 | +400 / 5.000 | +600 / 7.000 |
7 | -130 / 1.769 | +120 / 2.200 | +200 / 3.000 | +350 / 4.500 | +500 / 6.000 |
Super Teaser bet: 10 points, three teams | -130 / 1.769 | ||||
Super Teaser bet: 13 points, four teams | -140 / 1.714 |
Basketball Teaser bets
Pinnacle has two primary markets for Teaser betting on basketball:
- General basketball Teaser bets: Teaser bets of 4, 4.5 and 5 points involving selections on between two and six NBA, WNBA and/or NCAA basketball teams.
- NBA Super Teasers: These are seven-point Teaser bets involving selections on between two and six NBA teams.
The payouts for basketball Teaser bets on Pinnacle are as follows:
Pinnacle basketball Teaser bet payouts
Point adjustment | Two teams | Three teams | Four teams | Five teams | Six teams |
4 | -100 / 2.000 | +180 / 2.800 | +300 / 4.000 | +450 / 5.500 | +700 / 8.000 |
4.5 | -110 / 1.909 | +160 / 2.600 | +250 / 3.500 | +400 / 5.000 | +600 / 7.000 |
5 | -120 / 1.833 | +150 / 2.500 | +200 / 3.000 | +350 / 4.500 | +500 / 6.000 |
Teasers betting rules: Things to consider
There are several things you need to remember when placing a Teaser bet with Pinnacle. Most frequently, this relates to what happens when a tie occurs in at least one of your selections that form the bet or any are deemed to have no action.
Teaser bet ties
Teaser Parlay Calculator
In the instance of a tie, on both football and basketball Teaser bets involving three teams or more, the selection(s) are removed and the payout is adjusted accordingly. For instance, a Teaser bet involving four teams would be reduced to three teams.
For football and basketball Teaser bets involving just two teams, when at least one selection is a tie or deemed to have no action, the entire bet is considered a push and all money is refunded. If any selection of a Super Teaser bet is a tie or deemed to have no action, the entire bet is graded as no action and all money is refunded irrespective of the number of teams involved.
Teaser bet base Handicap adjustments
On certain occasions, the point adjustment for Teaser bets may also be different than what you are expecting if the base Handicap for a Teaser has been moved to a different Handicap. This is because in some situations, Pinnacle has to limit our exposure and thus cannot allow unlimited Teaser bets to be placed at certain prices.
For instance, if for an NFL game the Green Bay Packers and Seattle Seahawks were set at Handicaps of -7.5 and +7.5 respectively (a base Handicap of 7.5), Pinnacle may move the base Handicap to 9.5 to offer six-point Teaser bets.
Teaser Parlay Payouts
As a result, the Teaser bet Handicaps set would be Green Bay Packers at -3.5 and Seattle Seahawks at +3.5 as opposed to Green Bay Packers at -1.5 and Seattle Seahawks at +1.5 that you would ordinarily expect.
Teasers betting with Pinnacle
Teaser Odds
Like the sound of Teasers betting? Head over to Pinnacle's betting pages for football and basketball Teasers to build your Teaser bets.
