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In order to obtain profits on betting -110 you will need to win over 52.4% of your wagers. As we discussed in our California Sports Betting maximizing sports odds article you define this by risk divided by return. 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. While public bettors look for the biggest spreads of the weekend and blindly tease down favorites, pros focus on teasing through key numbers.
In sports betting this is the most accurate point spread or moneyline. Reduced Juice – When a sportsbook lowers the vig on a game. For example, a sportsbook might offer -105 for a game instead of -110.
Two sports books offer 9-point teasers, Boyd Gaming and the Golden Nugget. Comparing the above two tables, we see the decrease in house edge range from 5% for a 3-leg teaser to 31% for 15 legs. Unfortunately, the only advantage we see is for a 15-leg teaser.
Build A Custom Teaser With Alternate Point Spreads
Gamblers that aren’t sure about their chances of securing a win with a traditional parlay bet, can improve their odds using a teaser. A teaser is a powerful betting tool that should be thought of as an add-on rather than a wager of its own. When used properly a teaser makes winning more likely, which is why many gamblers rely on teasers in order to improve their chances.
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However, the random-picker house edges are so high that I think these tricks would seldom get the bettor out of the hole. Following is my analysis of several types of teaser cards found in Las Vegas, from the least number of points to the most. Sadly, the liberal odds of -110 for a 2-leg, +180 for a 3-leg, and +300 for a 4-leg 6-point NFL teaser seem to have gone the way of the dodo bird with the 2014 season. The last holdout Jerry’s Nugget depressed their odds with the 2014 season. Unfortunately, most weeks don’t have that many opportunities. As mentioned, 20% of games have a Wong side, so in a 16-game week, you can expect 3.2 Wongable games only.
The following table shows the probability of winning and expected return against the higher win between Boyd and the Golden Nugget for the random picker. The following table shows the probability of winning and expected return for 3 to 20 picks, assuming the William Hill pay table and a random picker. According to the Wizard Teaser Equation, the probability of winning each leg is 68.31%. The right column shows the house edge ranges from 17% to 34%. Jerry’s Nugget offers the best odds of the three, so I’ll limit my analysis of the 5-point teaser to just their card.
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At the end of the day, sports are ultimately played by human beings, not statistics, so always take any predictions of future results, based on past results, with a grain of salt. To illustrate this idea, imagine you had a three-team teaser that called wins for the Seahawks, Rams, and the Broncos. The Seahawks and Rams both beat the spread in their games, but the Broncos end with a push. You would still win, but you would only be paid for a two-team teaser. Betting through an online service adds convenience compared to the face-to-face experience. In Las Vegas, you will be paying -120 at minimum and -130 at some sportsbooks for the same two team 6-point teaser.
All you have to do is enter your stake and the American odds from a selected sportsbook. These house edges are low enough to examine how the odds would change if informative post the player only made these picks when he got 7 points. If the off the board point spread ended in a half, then the card maker would have to move one side 5.5 and one side 6.5 points to make both spreads integers. Then, add another half point for the ties win rule, and you sometimes get to 7 points. The player can cut down the house edge by looking for situations where the line moved at least six points in the player’s favor.
A wager that’s such a big favorite it’s thought to be a guaranteed winner. A bet on baseball that only plays if both of the scheduled starting pitchers end up starting the game. A combination of the point spread and the money line in hockey. Wagering the maximum amount allowed by the casino or sportsbook. A team’s “against the spread” record refers to how many times it’s beaten the point spread.
Each site has been assigned with a rating, from A+ to F, which gives you a broad idea of whether it is worthy of your business. For any bettors who might not be familiar, teasers are essentially parlays for which you pay to move a spread by six or more points. A two-team, six-point teaser will pay slightly more than a regular NFL point spread bet, for example.