NFL teaser bets, albeit somewhat more advanced than a standard bet for points spread or even the moneyline, is a common feature at many sportsbooks throughout the course of the NFL season and playoffs.
Although teaser bets in the NFL is perhaps more directed at advanced or experienced bettors, it's not a difficult idea to grasp. Let's discuss it all below.
What is a Teaser Bet?
A teaser bet is a collection of bets (usually these are two or more) that have been merged into a single wager, with the amount of teaser points shifting each individual betting line to your advantage.
Typically, an NFL teaser strategy comes in the form of 6, 6.5, and 7-point teaser bets.
In an NFL teaser bet of 6 points, the line is simply moved by six points in the bettors' favor. For instance, a teaser bet would change the Packers -10 into Packers -4 if you decided to accept it. There was a six-point move in the spread (from 10 to 4 points). If you were going to take the Raiders -2.5, then the bet would change to Raiders at +3.5 in a teaser of 6 points. Both of your selections would need to be right for you to come away with the teaser bet in total.
Wong Teasers Explained
Stanford Wong described an NFL teaser method in a book called "Sharp Sports Betting," which became known in the business as the "Wong Teaser." In summary, it is as follows:
- Bet a 6-point teaser with two teams
- Bet only underdogs from spreads of +1.5 to +2.5 and favored teams from -7.5 to -8.5.
Wong Teasers yielded substantial revenues for more than ten years. Stanford Wong may have altered the way bookies offered their odds, as well as how they priced and graded bets, since Wong Teasers were becoming so lucrative.
His effect may be seen in every sportsbook these days, as there have been some changes and Wong Teasers aren't as profitable to bet as they once were, because:
- The cost of two-team teasers has decreased
- Nowadays, a lot of sportsbooks mark as losses any teaser that includes a push (when the bet was exactly in the middle of a win or loss).
- Bookies purposefully avoid falling in the -7.5 and -8.5 area, as well as +1.5 and +2.5 ranges.
Many bettors have developed tweaks to counteract the growing difficulty brought on by sportsbook revisions over time, with the goal of improving the potential profit of Wong Teasers. Options could be to only look for -110 odds for two teams, six-point teasers, as well as over/unders with 49 or less. Even picking road teams is a good strategy, but Wong Teasers are certainly much harder to win nowadays due to the awareness of sportsbooks.
How to Perfect and Master Your NFL Teaser Strategy
Like much of sports gambling issues, there are a lot of differing opinions on the most effective methods to take profit from teasers. This is perhaps the easiest method when it comes to NFL teaser strategies.
In football, winning margins of three and seven points remain undoubtedly the more likely result. You alter the points spread within this range whether you wager a six-point teaser on the favorites at -7.5 to -8.5 or the underdogs at +1.5 to +2.5. By doing this, you increase your odds of making a successful wager on every game.
Are NFL Teaser Bets Profitable?
Every wager that is enjoyable may be successful, so learn about the odds, stay within your means, and avoid thinking of betting as a form of investment. It's wiser to wager on teasers when the team may plausibly achieve six points more or fewer than anticipated.
Despite the fact that teaser bets may prove to be very challenging and constricting, there's always a chance of success if you're very aware of your bets and the teams involved. That's why most teaser bets are best left to expert bettors, instead of amateur gamblers only starting out with wagers on NFL betting.
Tips for Best Risk Management
A bettor employs teaser bets for a number of unique purposes. Teaser bets might carry fewer dangers than standard point spread bets since the gambler is effectively purchasing additional points in their direction.
Although teaser bets have shorter odds, there is a greater possible payout should the gambler win. This is true because the person placing the wager is essentially grouping many wagers into a single stake, which can yield larger payouts if every gamble is successful. With teaser bets, you may increase your earnings by leveraging risk across several options, rather than receiving profits on each decision separately.
There are additionally a number of clear drawbacks to NFL teaser bets. The main disadvantage of a teaser bet is that it has smaller odds than standard point spread bets or over/under bets. This indicates that there is going to be a smaller possible payoff if the bet succeeds.
Lastly, while teaser bets occasionally reduce risk, they may also increase danger when the person placing the wager is careless. This can happen from placing a bet without reading about team injury news or even getting carried away with multiple bets after winning one.
Final Thoughts on NFL Teaser Bets
By allowing players to put money on many games with just one bet, NFL teaser bets raise the stakes on your typical point spread wagers. Similar to how a parlay bet offers higher payoff possibilities than a straightforward moneyline wager, a teaser can yield far higher profits than other types of sports betting.
There's an additional danger associated with the enormous possibility of a win. Whenever you make one of these wagers, you will need to evaluate that trade-off. However, with an extra bit of fortune, your teaser might end up paying off generously.
Still, keep in mind that teaser bets are perhaps more suited for advanced to expert betters, rather than novices, as these types of bets are a bit more complicated than usual. It’s also good to remember that betting on two games of odds of around -110 are preferred, as giant teaser bets can get very confusing and lose the bettor considerable sums of money if it doesn’t end in a win.