Teaser Payouts Vegas
Unlike 2-team parlays which pay +260 at most online wagering sites, two-team 7-point teasers pay -130. Advantage Teasers: Teaser Betting Strategy. Soon after gambling author Stanford Wong released his book Sharp Sports Betting in 2001, Las Vegas sportsbooks started losing money on teasers. Wong showed that taking favorites of -8.5, -8 or -7.5 and taking underdogs of +1.5, +2, and +2.5 was the way to profit off of teaser bets when given the right teaser. For example, a home underdog of 2½ points would qualify for such a teaser, as the leg would be increased to 8.5½ points in the standard six-point teaser mentioned earlier. This covers the 3.
Seasoned bettors are likely familiar with the teaser bet. But some beginning bettors might not know what these unique and exotic sports wagers entail. We are here to explain everything about a teaser bet; what it is, how it works, and the best way to use this option in your overall sports betting strategy.
Like a parlay, a teaser is a wager that involves multiple games -- two or more -- and you must be correct in all of the games in order to cash your ticket and win the bet. Teaser bets are most common in football and basketball -- the against the spread sports . What makes teasers unique, however, is that you get to adjust the odds in your favor. A typical NFL or college football teaser, for example, is six points. That means that you get to subtract six points the spread of a favorite and add six points to the spread of an underdog. For example, a -13 favorite would become -7 in a six-point teaser, while a +8 underdog would become +14.
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Teaser Sports Betting: Teaser Bet Explained
Online sportsbooks allow for up to 10-team teasers, or sometimes more, with odds greatly increasing, and some sportsbooks allow for up to 10-point to 13-point sweetheart teasers where a bettor drastically changes the line in exchange for drastically lower odds.
While football and basketball are the two main sports with which sportsbooks offer teaser bets, not all teasers are created equal. Just think about the numbers for a moment. The average NBA total is above 200 combined points for both teams. And the average NFL total is in the 40s. But the standard football teaser (at anywhere from -110 to -120 juice, depending on the sportsbook) allows you to move the spread six points for each matchup on the ticket, while a basketball teaser offers only 4.5 points at the same odds. There is obviously a lot more scoring in a basketball game, but you have to pay more for the extra points. That's why most sharp bettors stay away from basketball teasers and stick with six-point football teasers, which we will discuss in more detail later in this article.
How Does a Teaser Bet Work?
The payout in a teaser doesn't change because of the teams involved - the payout is at a fixed number depending on the number of teams and the number of points for each segment. Each sportsbook sets their own teaser odds, though, and they can vary widely from book to book. When you are placing a teaser bet, it's imperative to shop around to find the best payout odds for the number of teams you are betting. Some sportsbooks generally have better teaser payouts than others. Over the long run, a difference in payout can obviously make a big difference to the bottom line, so looking for the best deal is crucial. The odds you want for football teasers are -110 for a two-team, six-point teaser. However, many sportsbooks found that offering this juice opened them up to risk from sharp bettors, so many books raised their price to -115 or even -120 for this teaser bet variation.
Teaser Bet Tie or Push
This is the single biggest rule that you need to be aware of -- how the book handles ties or a push. There are four different ways that a book can handle it if one of your games ends exactly on the number. Some books treat a tie as a win. Others reduce the number of teams in the teaser by one -- if you bet a four-team teaser and have a tie and three wins, then it will pay off like a three-game teaser. Others will treat a teaser with a tie as no action -- they'll return your bet -- as long as you win your other bets. Finally, some books will treat a tie as a loss. Each of those is a very different situation and can affect your return significantly. You need to be aware of what the book offers and make sure that it fits your needs. There isn't necessarily one situation that is better than another, but you need to make sure that the potential return adequately reflects the risk you are taking.
NFL Betting Teaser with Example
Sharp bettors generally stay away from basketball teasers, as previously stated, and also normally avoid college football teasers in favor of NFL teasers. We already talked about the perils of hoops teasers, but for college football there are many more points scored in general than in professional football, removing the value out of the extra six points you get in a matchup. There are also more blowouts in college football. NFL betting lines are considered the sharpest in the sports betting industry, meaning the oddsmakers set the tightest lines on the games. So, therefore, getting the six points on a matchup creates great value for the bettor when many games end up close to the point spread. There are many NFL games where both sides of a teaser hit as well as both sides of the total. The following is an example:
Original Spread:
Kansas City Chiefs -10 vs. Las Vegas Raiders, Total 52
Final Score: Chiefs 30, Raiders 21
The Four Possible Six-Point Teaser Options:
Chiefs -4, Raiders +16, Over 46, Under 58
In this example, all six-point teasers for this game were a winner.
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Best Teaser Bets NFL: Basic Strategy Teasers
A popular strategy implored by most casual bettors is to tease favorites down so that they are closer to a pick'em and to tease a total down and take the over. A smarter strategy used by professional bettors is to make the most of the allotted points in the teaser. In what is known as a Basic Strategy Teaser or a Wong Teaser , bettors use the six points in the teaser to move the line past the two main key numbers in professional football, which are three and seven. An example of this would be moving a favorite of -8 down to a favorite of -2, thereby moving past the three and the seven, and moving an underdog of +2 points to +8. So many NFL games fall on these two key numbers, so moving the points past these key numbers gives the bettor a nice chance for profit.
Unfortunately for bettors, most sportsbooks raised the juice for a two-team, six-point Basic Strategy Teaser because the sharp bettors were consistently winning. The Expected Value was too great for the bettor at -110 vig. Therefore, the sportsbooks increased their juice on these Wong teasers to -115 or even -120 in some cases, removing most of the value and potential for long-term profit.
Teaser Payouts Vegas Casinos
Are Teaser Bets Worth It?
It depends. Most smart bettors avoid NBA, college hoops and NCAA football teasers altogether. But I do know some sharp guys who use teasers in these sports on a regular basis with success. Personally, I play only NFL teasers, and, unless in very rare circumstances, I play only the Basic Strategy Teaser variety. I have found that I hit a high enough percentage of these bets that I can achieve profit even at -115 or -120 juice.
Back for more NCAA basketball predictions on Sunday for a UNLV vs. Nevada pick. We have a rivalry game in Seattle tonight between the Washington State Cougars and Washington Huskies. A little later in the night, the UNLV Runnin’ Rebels and Nevada Wolf Pack will square off at Lawlor Events Center in Reno for another rivalry game. These meetings don’t carry the same hatred as the football programs, but the players most certainly want bragging rights.
Elsewhere on the college hardwood, there is a lot of small conference basketball on Sunday, with only two ranked teams scheduled to play. Michigan State will travel to Columbus for a clash with the No. 13 Ohio State Buckeyes, while the No. 6 Houston Cougars host the SMU Mustangs. Both games are expected to tip-off at 1:00 p.m. EST.
If you like betting on college basketball, then you can’t complain about what’s on the Sunday card. There are currently nine games cancelled on the list. Nine games in the NBA off the board would wipe out an entire card, but when it comes to NCAA basketball, it doesn’t even put a dent in the schedule. That’s kind of what happens when there’s around 350 teams versus 30 in the NBA.
UNLV leaves Las Vegas looking for better fortunes in Reno in this one than their last outing. The Runnin’ Rebels are coming off a 83-74 loss against Utah State at home on Wednesday. A 59-56 win in a totally different type of game preceded that one for the Runnin’ Rebels. UNLV are winners in five of their last six games. Those five wins?
They were against St Katherine, New Mexico twice, Benedictine Mesa, and Utah State. The Utah State win is their only good win on that list. They’ve certainly been in better form than Nevada recently, though. The Wolf Pack go into Sunday after back-to-back losses against Wyoming, 71-64 and 93-88.
They played San Diego State tough in 65-60 and 69-67 losses, and then followed up with two wins over Fresno State, 73-57 and 79-65, before coming up empty in Wyoming. Nevada will be glad to be back home in Reno at the Lawlor Events Center on Sunday evening. Head below for our free UNLV vs. Nevada pick on January 31, 2021.
UNLV Runnin’ Rebels vs. Nevada Wolf Pack NCAA Betting Odds:
UNLV vs. Nevada Prediction:
The Wolf Pack should feel great about getting back home to welcome their rivals to Reno. They didn’t look interested in Wyoming, and I’m sure they will come out with a lot more energy tonight. Nevada owns a record of 10-7 heading into this matchup. They’re back home where the Wolf Pack have felt a lot more comfortable.
Overall on the year, Nevada has posted a record of 5-2 at home in 2020-21. All of their last four losses have been on the road as opposed to at home in Reno. I will give Nevada credit for what they did in San Diego. The Aztecs are a tough out, but Nevada held strong on the road against them in a 69-67 and 65-60 loss.
I wouldn’t fault Nevada for coming up just short against a quality San Diego State team there. However, their effort in Wyoming is a different argument. Nevada has to be better, and I think after going through the motions, expect Nevada to fire back in this one in a game that will get their attention.
Teaser Payout Vegas
This has been a lopsided series in favor of Nevada since 2018. It isn’t much of a rivalry when one side is dominating. Note that the Wolf Pack have won six straight outings against UNLV, beating them by an average of 13.5 points per game. Nevada has also been good at bouncing back. Following a loss, Nevada has gone 4-1 ATS in their next outing.
Slots Of Vegas Payout Reviews
The one exception was against the Cowboys as a 5.5-point favorite last week. Their defense has been stronger at home than on the road, with 64.9 points against per game. Conversely, UNLV has conceded 71.7 points a game on the road. The offenses are about even between the Runnin’ Rebels and Wolf Pack. I lean with Nevada in this spot.