One of my favorite betting strategies to use in the NFL Odds is the teaser. A teaser is like a parlay, however it’s not just linking together several bets to make one ‘super bet’. In a teaser, the book spots the player points, usually ranging from 6-14 points. Therefore, if you like the 49ers at -8 ½, and the Bears at +3, you can tease those two together to get Niners -2 ½, and Bears +9.
Check out our introduction to adding Football Parlays to your NFL Picks.
Obviously the payout for a 2-team parlay would be much greater if you bet the line as it was, but a teaser gives such a significant advantage to the player, that the payout for a 6-point, 2-team teaser is the same as a straight wager, -110. Even though they aren’t as lucrative as a parlay, they still can be profitable in the right situations and in the long-term.
Firstly, I warn against betting too many teams in a teaser. Two, three, and sometimes four teams are as high as you should go in a teaser, much like the other NFL picks we have discussed this offseason. Even though the player gets an edge in a two-team teaser, it doesn’t take that many extra teams added on to give the advantage right back to the sportsbook.
Along with keeping the teams to a minimum, in the NFL especially, betting spreads as opposed to totals is a much better proposition. Spreads normally hold around a 2-3% better chance of cashing in any teaser. However if you do chose to bet totals, the ‘Over’ is normally a better bet to tease than the ‘Under.’ Therefore look for spreads to tease down.
In my article on pleasers, we started to delve into the art of pleasing a line to a certain number, namely, 3, 7, 10, ECT. It’s obviously harder to do in a pleaser because you are giving points away, but in teasers it is crucial to line shop and find spreads that you can tease to cover the common football spreads. Around 25% of all NFL games end with a margin of victory of 3 or 7 points. The numbers 4, 6 and 10 are also very valuable in teasers. Finding favorites of seven to 8 ½ points and teasing them down to a ML bet is always a profitable way of betting teasers.
My favorite thing to tease is underdogs of a field goal or less. Underdogs already cashed at a slight profit last season at 134-117-6 ATS, and for a multitude of reasons, the public loves betting the favorite. I love taking two underdogs (hopefully home-underdogs) that are field goal favorites or less, and teasing them up to two-score underdogs. That way we are covering all the common spreads of 3, 4, 6, 7 and sometimes 10. These two aforementioned strategies on betting favorites and underdogs in a teaser are crucial, and even at -110 odds at most places, 2-team teasers can be very profitable long-term if done correctly.Don’t go using this same strategy on basketball, but try out a two or possibly three-team teaser this fall in the NFL. It can add great value to anyone’s NFL picks if they follow the guidelines set before them.