Teasers, the most flexible type of parlay bets, are wildly popular among football and basketball fans in the sports betting world. Unlike conventional multi-bets, teasers allow players to change the point spread of desired outcomes at the expense of reduced payouts. A teaser bet increases the potential reward but also increases the risks because one losing bet will mean the whole wager loses.
They add excitement and can make you more profit then standard football bets. You could place a team teaser which involves an exchange of points for volume. The player buys a number of points, and then in return they must parlay two or more selections. Typically, the standard teaser offered by a sportsbook requires the player to get six points per football game and four points for a basketball game.
A teaser bet can be as small as a 3-leg bout or as large as featuring 12+ outcomes. Determining the estimated returns on such wagers can be time-consuming since you can and should experiment with different point spreads before submitting the wager.
That is where our teaser bet calculator comes into play. Instead of having to perform complex mathematical calculations for each option, you can simply fill the boxes with the odds for your chosen games, select the spread size, and learn how much you ought to gain.
Using Our Teaser Bet Calculator
To use this handy calculator tool, you only need to do the following – choose the point spread, determine the number of legs your teaser will have, and input your stake at the bottom.
The “Points” section allows you to increase the point spread by 6, 6.5, or 7. If you’ve made any selections in the next part (Teams), it will be automatically adjusted to fit the current spread once you tap the desired number.
The “Teams” board comprises two sub-sections; the odds for each spread are listed in rows while the numbers of legs your teaser will have are listed in columns.
The odds shown above are just examples. You can copy the odds from your preferred sportsbook in each box. Note that any changes to the odds table will not impact any other fields, and only the data you provide will be used to calculate the estimated teaser returns.
Tap on the field that matches your desired teaser setup. For example, if you wish to place a 3-leg teaser bet with a 6-point spread, select the box we highlighted in green. Up to twelve teams can be included.
Once the field is selected, you can delete the provisional example odds and input the desired ones, but they must be expressed in fractions. For example, decimal odds of 2.0 are 1/1 in fraction odds; 3.5 are 2.5/1, and so on. Most online sportsbooks allow users to choose between American, Fractional, or Decimal odds, so simply select “Fractional”, and then copy the odds into the fields of our teaser calculator.
Lastly, you will need to input your desired wager at the bottom of the tool. Select the “Bet” field, then enter the amount of money you wish to stake on your teaser bet and tap “Calculate Teaser”. For example, if you bet $50 on a 3-leg 6-point teaser with odds of 1/2, you can expect to earn $250.
The result will be displayed automatically using the current data, so if you make any changes, you will need to click on this button again.
Teaser Calculator Formula
Each online book uses different algorithms to calculate the prices and payouts for teaser bets. Our tool divides the prices of odds by the number of selected teams adjusted by the chosen point spread.
We have analysed teaser pricing models of numerous prominent US sportsbooks striving to provide you with the most accurate calculations. However, it is important to note that odds prices can change at any time due to unforeseen circumstances like weather changes or player injuries.
How Our Teaser Calculator Can Help You
Not all online sportsbooks offer the same teaser betting conditions. Some offer more extensive coverage and allow you to place teasers outside of the classic basketball and football categories; others charge smaller commissions or don’t change their prices too frequently.
Knowing how draining and time-consuming the constant hunt for the best online sportsbooks can be, we wanted to help you save time on updating odds and determining estimated returns on your wagers.
With our teaser calculator software, you can instantly update the odds from your preferred betting site as soon as they are changed, learning how much money you can earn with the new odds price.
Moreover, our tool allows you to flexibly examine the financial potential of various teaser combinations. After copying the odds, you can instantly learn their payouts across different spreads.
What are Football Teaser Bets?
Anybody who bets on football games regularly will know how a parlay bet, moneyline, point spread and teasers will work. Those who take it seriously will have a betting strategy in place and will incorporate teasers into that strategy. Teasers take the point spread wagers and combine them together, increasing potential payout, similar to parlay bets. However, although your eyes will no doubt light up looking at how much you could win, bear in mind if just one bet falls short you lose the whole wager, so betting teasers are tough to win.
What makes teasers different from traditional point spread bets is that you can change the point spread when placing your wager. This makes you feel like you are more involved in the bet and keeps you engaged. Another advantage teasers have is you can come up with a combination of up to 15 picks in a single bet, which can be great during the NFL season.
There are also other types of football teasers such as Wong teasers, which is a six point teaser that involves favorites of -7.5 to -8.5 with underdogs of +1.5 to +2.5.
Why are Teaser Payouts Lower?
The simple reason is that it is the only bet type where a balanced action can still mean losses for the sportsbook. Let’s look at an example of a football game between the Kansas City Chiefs and Las Vegas Raiders. The spread was Chiefs -6 and the total was 46. So, using -7 point teasers for this game specifically, there were four actions that could have been made:
- Raiders +13 and over 39
- Raiders +13 and under 53
- Chiefs +1 and over 39
- Chiefs +1 and under 53
Let’s say the Raiders won 27-16 which means each of those teasers is a winner because the final score was within seven points of both the total and the points spread.
FAQs
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Teaser bets are multi-bets placed on at least three outcomes that allow players to adjust the point spread of each game. Compared to other types of accumulator wagers, teasers are slightly easier to win but offer reduced payouts.
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Point spreads or handicaps are additional winning conditions commonly present in spread and teaser betting relating to the difference in points between the favourites and the underdogs.
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All online bookies use different formulas. Users can rely on our free Teaser Calculator Tool to instantly determine estimated returns.
