Nfl Teasers
Wong teasers, or commonly known as “basic strategy teasers” are one of the most popular forms of advanced strategy teasers for NFL bettors. In fact, the teasers became so effective that it changed the sports betting industry almost overnight and forced oddsmakers to adjust their lines across the board because of their success.
For anyone ready to learn, let’s dive into advanced teaser betting which is one the best ways to profit betting NFL football. What is a Teaser Bet. A teaser bet is a parlay bet that uses modified point spreads. For example: a 2-team 6-point teaser on Giants -8.5 -110 and Patriots +4.5 -110 gives you Giants -2.5 and Patriots +10.5 as a parlay. Sharp NFL bettors target teasers also, but they are much more disciplined and selective. Pros target the two-team, six-point teaser, which can be bet at roughly -120 odds. While public bettors look.
Get into the NFL action with Sports Picks and Parlays. Our NFL Free Picks and Predictions, and Expert Picks for every NFL game, will take you from the very first preseason game all the way to the Super Bowl. Our writers give the most in-depth analysis and insight around, making Picks and Parlays the top stop for winning sports picks in the NFL. For those who are unfamiliar, a teaser in sports betting is when you tease the spread further toward your favor on an alternate line. For example, if the Dallas Cowboys are +2.5 underdogs, you can tease the line up through the key number of six to make it +8.5. NFL Teasers Warning. This page is rather dated and limited in scope. I recommend you visit my page on Teaser Bets in the NFL instead. A teaser is similar to a parlay bet in that the player ties multiple wagers together and the cumulative bet wins only if the wagers all win together.
Who is Stanford Wong?
Nobody, really, the name is just a pen name for a series of sports betting books. However, Wong authored a book called Sharp Sports Betting in 2001, which has become one of the best books written on sports betting in history.
Wong focused much of his research on key numbers for NFL games and found that teasers would be an excellent way to exploit these situations. NFL games are decided by three points about 15 percent of time, and seven points about 8 percent of the time. Otherwise, the most common numbers of defeat are by margins of 10 and 6 points.
The reason for most games ending by three or 7 points is obvious. It is the number of points scored by a field goal and touchdown, respectively. Wong’s theory was that teasers, which move between the two key numbers of three and seven are the most profitable. He was right.
Wong Teasers Explained
A Wong teaser is a 6-point teaser that involves favorites of -7.5 to -8.5 and underdogs of +1.5 and +2.5. Since most games are decided by those key numbers if we can tease them down to fall within that range, it increases our chances to win a teaser bet substantially.
A typical two-team 6-point teaser at most offshore sites is listed at -110, making our breakeven percentage the standard 52.4 percent that we would need to hit to break even on the standard 10% juice.
Wong’s teasers knock this percentage out of the park, due the frequency of NFL games landing on these key numbers. To break even on these teasers you need to win your teaser wagers around 72.5 percent of the time. Over the past decade, Wong teasers wagers have regularly hit above that number, some as high as 76 percent. Of course, this is dependent on the odds that are available to you.
Here’s what a typical 3-team 6-point Wong teaser would look like:
Pittsburgh Steelers +2.5
New York Giants +1.5
Jacksonville Jaguars -8
That turns into:
Steelers +8.5
Giants +7.5
Jaguars -2
Wong Teasers Today
Unfortunately, the sportsbooks were getting killed taking Wong teasers, especially when they had no idea how profitable the bets were. As of 2013, the ability to make money using these bets is a lot tougher, and if you do beat the books using these bets, there is a exceptionally strong chance your action will be limited.
Not only have two team 6-point teasers now an increased price, -110 is the best price you will find at most sportsbooks with 5Dimes being one of the only books to still offer +100. In Las Vegas, you will be paying -120 at minimum and -130 at some sportsbooks for the same two team 6-point teaser.
It also speaks to the success and popularity of Wong teasers that have caused bookmakers across the world to try and stay out the range of Wong’s. Numbers between 7.5 and 8.5 and 1.5 and 2.5 are much less common than they were even five years ago. Some books go even further, changing the rules of teaser and making a push and a win count as an overall loss. This is still somewhat uncommon, and few books grade pushes as a loss.
Our teasers article is extremely helpful in finding the best odds online and explaining teasers a bit further. While bettors still may be able to profitably bet Wong teasers at some shops the risk of being limited is high, even if you can find decent odds. Still, Wong teasers are perhaps the most profitable bet in NFL betting history.
Although a little more advanced than a normal moneyline or spread bet, NFL Teaser Betting is fairly popular at sportsbooks during the NFL season. Teaser bets account for over 15% of sportsbooks handles for NFL betting, and is continuously becoming more popular.
NFL teaser betting is more common with intermediate or advanced bettors, but it isn’t a hard concept to understand – I will explain how NFL teasers work below.
What is a NFL Teaser Bet?
A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser.
There are three main NFL teasers – 6, 6.5 and 7 point teasers.
In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play. For example if you wanted to take the Ravens -8, it would be converted into Ravens -2 within a teaser bet. The spread was shifted 6 points (from 8 points down to 2 points). Another example would be if you wanted to play the Chiefs -2.5. In a 6 point teaser the -2.5 line would be changed to Chiefs +3.5.
The same rule is applied for 6.5 and 7 point NFL teasers, except, of course, the line is shifted by either 6.5 or 7 points instead of the 6 points shown in the example above. NFL teaser bets must include two or more bets “parlayed” (cannot do single teaser bets).
NFL Teaser Example
Here is what a two team 6.5 point NFL teaser bet would look like:
Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5
In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2
Cbs Nfl Teasers
In order for you to win the teaser bet both incomes would have to be correct. If one selection was a push the bet is often refunded, but some sportsbooks will count it as a loss if the other selection lost (check your sportsbooks‘ rules).
Below is another example of a teaser bet that I recently placed and won. I teased the Vikings and Eagles from +2.5 up to +8.5 in a 2 team 6 point teaser.
NFL Teaser Bet Payouts
Every sportsbook will have their own payouts and rules for teaser bets. Our favorite sportsbook for getting the best NFL odds is 5Dimes.eu. Of course the more points you use on the teaser the lower the payout will be, and the more teams you include in the teaser bet the higher the payout will be.
Here are the NFL Teaser Payouts at 5Dimes (subject to change):
6 Point NFL Teaser Bet Payouts
2 Teams – (+100)
3 Teams – (+180)
4 Teams – (+300)
6.5 Point NFL Teaser Bet Payouts
2 Teams – (-110)
3 Teams – (+165)
4 Teams – (+265)
Nfl Teaser Of The Week
7 Point NFL Teaser Bet Payouts
2 Teams – (-120)
3 Teams – (+150)
4 Teams – (+240)
Nfl Teasers This Week
Of course you can choose more than 4 teams in your NFL teaser bet, I just used these as example payouts so you could get a feel for what the payouts are like on teaser bets. Full payout charts can usually be found at the sportsbooks website.
Nfl Teasers Week 12
Now that you know what teasers are check out this advanced Teaser Betting Strategy article written by our professional sports bettor, Jim. In the article you will learn when teasers are +EV and how you can make a profit during the season picking spots to bet teasers.