The key to a good sports bet is managing your risk. That’s why teaser bets can be appealing. They offer a way to change the point spread, improving your odds of winning the bet. Of course, this comes at a price. Namely, you’ll get a worse payout. Let’s look closely at teaser bets, why gamblers use them, and whether they are a good strategy.
Teasers are a way to customize the bet, boosting your odds of winning. As your odds change, so will your potential payout. Teasers are mostly used to give you a better point spread. This gives you a better chance of winning the bet. But it also reduces the payout you’ll get.
Now that we know the basics of how these bets are used let’s turn to the nitty gritty details. First, you’ll need to combine multiple bets. Most sports betters require at least two bets for a teaser. This can be two bets on the same game, like a point spread and an over/under bet. Or you can bet on multiple matches within the same sport.
Once you’ve selected your bets, you can start shifting the point spread. Just be aware that this will impact your other bet. The most common example is using a teaser to give yourself a better point spread. If the second bet was an under/over, the odds will also be adjusted, giving you a better chance of winning. The more bets you include, the more you will stand to gain.
There is another area that you need to consider. That’s what happens if your bet gets pushed. This can happen if your team/player wins by the exact number offered by the sports betting company. For example, you thought that your team would win by more than 10 points. The betting company thought your team would lose or they would win by less than 10 points. They won by exactly ten points. In essence, the bet is a tie.
Since neither side has won, your bet will be pushed. The amount you bet on the game will be refunded. How this works with a teaser bet can vary. If the teaser only has two bets, and one of them is pushed, the whole bet is off. However, if you have three or more picks in your teaser, there is still hope if one or two push. As long as the majority of your bets stand, the whole wager is valid.
However, the payout will be adjusted to reflect the changing odds from the pushed bets failing. Thankfully, there is a simple way to make sure your teaser doesn’t get pushed. Just make sure that the point spread ends in a half point. Since the score is always a whole number, your bet can’t be pushed.
As you are adjusting the bets, you’ll notice that your potential payout is shifting. Stacking the odds in your favor will reduce the amount you can earn. The good news is that most reputable sports bet operators use fixed odds. This makes it easy to figure out how the teaser will shift your payout.
As a general rule of thumb, a two-bet teaser adjusted by six points would give you -110. Seven-point teasers deliver lower payouts, around -135. Thankfully, the odds get even better once you start to bundle more bets together. A three-bet six-point teaser tends to give you +160. A three-bet seven point teaser will give you +120.
This concept can be a little confusing at first. But looking at an example should help clear things up. Let’s say that you are an NFL fan and are looking at a showdown between the Broncos and Cowboys. You think that the Broncos can beat the Cowboys. You also think the Dolphins can beat the Kansas City Chiefs.
Initially, the odds for the Broncos are +3.5, and the Dolphins are -1.5. You decide to play a six-point teaser. The Broncos go to +9.5, and the Dolphins rise to +5.5. You put on your bets and tune in to the game. The Broncos win the game outright.
The Dolphins end up losing, but they keep the game within two points. That means that your teaser has won. If the Broncos had won and the Dolphins had lost by six points or more, though, it would have been a different story. You would have lost the teaser bet.
How much you can change the point spread often depends on the competition and the sports betting company. Six to seven point teasers are common for NFL games. On the other hand, basketball usually only offers a four to five point tease.
At first glance, teaser bets can sound similar to parlay bets. Both require you to combine multiple bets into a single wager. Both are quite risky, where losing a single bet will cause you to lose the entire wager. The big difference is that only teasers will allow you to change the point bet spread. Gamblers taking parlay bets accept the spread offered by the sportsbook. But, in exchange, parlays will offer a higher payout than teasers.
It’s easy to understand the appeal of teaser bets. In theory, reducing the point spread will boost your chances of winning. But teaser bets have a nasty catch. You’ll need to bundle multiple bets together. This will cause your odds of winning to drop.
Often, the reduced chance of winning multiple bets negates any advantage you gained from lowering the point spread. Because of this, teaser bets tend to be losers over the long term.
Teasers are inherently risky. But a few tips will boost your odds of winning. First, there are some occasions when they should never be used. In particular, be careful around basketball games and college football matches. These tend to have wide point disparities.
This will negate the advantage you get from a lower point spread. Next, you need to know the sport you are teasing to find where the key levels will be. For example, in the NFL, it’s common for a game to come to three and six-point margins, the amount awarded to field goals and touchdowns. If a tease can help you swing the points spread through these key levels, it might be a wise idea.
In sports betting, getting a favorable point spread is key. That’s something that teasers can help with, allowing you to tip the odds in your favor. But there is a catch. By combining multiple bets, you’ll be taking on more risk. Ultimately, though, whether teasers are right for you depends on your gambling style.
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