Many Vegas sportsbook rules require a minimum of three games in action per teaser. When it comes to “off the board” teaser bets, bettors use the designated ID rotation numbers assigned to every game to indicate the spread or total they want to tease and by how much. Bettors can fill out the card and submit it to the ticket writer to place their wager. Retail sportsbooks, like those found in Las Vegas, often have a teaser card to work from, showing the available fixed teaser odds, points options, and the designated payouts for the different sized teasers. Other online sportsbooks require you to select alternative spreads and parlay those bets and their adjusted juice/vig. Most books will offer a teaser option as you add multiple bets to your bet card, allowing you to select the odds involved and the number of points you want to move, then providing the potential payout. Online sportsbooks offer varying ways to play teasers and the majority use “off the board” teasers, which pulls spreads and totals from the current odds rather than a fixed set of odds designated to teaser betting.

A two-team teaser with a push would be graded as a push overall and the original wager would be returned.

A three-team teaser that finishes with one push would be graded as a two-team teaser and see its payout drop from +165 to -110.

If one of the bets in your teaser ties or pushes with the spread or total, it is removed from the teaser. Note that payouts can vary sportsbook to sportsbook. The table below shows the payouts for 6, 6.5, and 7-point teasers when selecting two games, three games, and four games. Teaser payouts will rise with every game added to the teaser, but more games mean more risk. If both of these happen, the bettor would cash in at odds of -110, meaning a $110 bet on the teaser would profit $100. The bettor now needs the Ravens to win by four or more points and the Bears to win outright or lose by eight or less.

Even if only one game loses, the entire teaser is graded as a loss.īelow, we see an example of an NFL two-team, 6-point teaser where the bettor has teased the Baltimore Ravens from 9.5-point favorites down to -3.5 and teased the Chicago Bears from 2.5-point underdogs to +8.5. Just like in parlay betting, every bet included in the teaser must win in order for the teaser to pay out. Teasers must include two or more bets (although some books require three or more) and the more bets added, the higher the potential payout but also the higher the risk. Some sportsbooks will offer varying point sizes for teasers so you might also find 6.5-point and 7-point teasers. The most common teaser is a 6-point teaser, which allows you to add or subtract six points from a spread or total whichever way you want.

Three team teaser payout