Do your research ahead of time to see how your sportsbook handles a push with a teaser bet. Some sportsbooks will still consider this bet a winner as long as the other two legs are successful, though they would pay out a fraction of the original wager. However, some sportsbooks would consider a push a losing bet since they already gave the bettor points to adjust the spread or total with.
For football games, sportsbooks often offer 6, 6. Teasers typically require a minimum of three teams, while some sportsbooks allow two. For basketball games, sportsbooks may offer 4, 4. The payouts of a teaser bet depend on how many points and how many teams one uses in their teaser. For example, a five-team 7-point teaser would pay out less than a five-team 6-point teaser.
With a more basic example, one can see another big difference between parlays and teasers. However, a basic two-team 6-point teaser may have odds of Therefore, teasers are easier to hit than parlays but also pay out less. Mike Spector is a featured writer at BettingPros. Never tease through zero.
If a team is favored between two and four points, you cannot tease that team because you are giving away too much value. There is little to no difference between being Teasing a team from When betting a teaser, you want to go through as many significant numbers as possible. The reason for this is that more NFL games are decided by those exact amounts of points. Using the last 20 or so years of statistics, here is a brief breakdown of margin of victory: 1 point: 4.
These are the most common margins of victory. As you can see, when you are able to tease a team through both three and seven, you are gaining the most value. The problem with teasers is that most bettors overestimate how much an extra six points improves the likelihood of a particular team covering the spread. If you are not teasing through significant numbers, there is a chance you will not increase your odds of winning each leg by enough to justify betting the teaser.
When compared to other types of wagers, know that a straight bet is always the most profitable bet. The advantage the books have on a straight bet is lower than on a parlay or a teaser. If you are betting to make money and for no other reason, from a pure value standpoint, you should almost exclusively be placing straight bets.
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The Parx Casino Sportsbook is available on all devices. Whether you're new to sports betting or just want a refresher, this guide will help you get to know some key terms as well as many of the most popular bet types. A straight bet is a wager based on the outcome of a single event. A straight bet covers when a sports bettor wins and the bet pays out.
Some straight bets can also push, meaning the bet is a tie. In that case, the bettor receives his wager back, but does not receive any winnings. Straight bets are more straightforward than parlays and teasers, so they're an easy way to start sports betting. When you bet against the spread, you're just betting on the margin of victory or defeat. Philadelphia is the 3-point favorite which means they would need to win the game by more than 3 points to win the bet. Conversely, New England is a 3-point underdog which means they would need to win or not lose the game by more than three points to win the bet.
A moneyline is a straight up bet on the outcome of a game. A bet on the over means that both teams must combine to score more than the indicated point total, whereas a bet on the under means that they must combine for less. If the teams combine for exactly the indicated total, then the wager is a tie or push and all bets are voided and the bettor gets his money back.
For example, in the Philadelphia vs New England matchup with a total of Proposition bets, or props, are often called side bets because they allow bettors to wager on specific events within a game rather than the game itself. Props are typically presented as moneylines and cover a wide range of in-game events, like an individual player performance and more.
Parlay betting is one of the most popular forms of sports wagering. A parlay is a bet that is dependent on the combined outcomes of two or more wagers. A parlay bet only pays out if each of the wagers cover. Parlays also tend to have higher payouts than individual wagers. A teaser combines three or more spread wagers into a single bet and allows the bettor to adjust the spreads favorably.
Not all college football betting sites will offer ten-point teasers, and there will be a difference in the odds, depending on if ties lose or not. The principle though remains the same: the number of points chosen will be added to the point spread or total. NCAA football teaser bets, and teaser bet odds in general, have the same payouts whether they are for NFL or college football.
Bettors will find that parlay odds pay out at a much higher rate than teasers. Like parlays, all legs or bets of a teaser must win for the bet to be graded as a winner. Most sportsbooks will grade teaser ties as a reduction of the number of teams, except in the case of a two-team teaser. To figure out if a teaser is profitable, we must dive into a bit of math.
You can find some of the best deals online for betting 2-team, 6. These sites offer on these bets when many other sites are in the range. Here are the strategies to consider when betting college football teasers. The most important is betting Wong Teasers , which gained immense popularity in the past decade.
Wong teasers, also known as basic teasers, made bettors a lot of money. Basic strategy teasers center around the fact that most football games — college or pro — are decided between 3 and 7 points. For instance, if a team is favored by This works again if you have a number at This keeps you on the right side of the key number of 3, and you would be in a position to cover if they win the game by three points.
The issue with Wong Teasers is that the market has mostly been adjusted. Many sites will specifically avoid point spreads where Wong Teasers can be wagered. You may be able to find some with local bookies, but these have been priced out online. These are rarely profitable unless you find an outlier of odds as explained above.
Teasing totals never makes any sense in professional or NCAA football or basketball for that matter.
When betting a teaser, you want to go through as many significant numbers as possible. The reason for this is that more NFL games are decided by those exact amounts of points. Using the last 20 or so years of statistics, here is a brief breakdown of margin of victory: 1 point: 4. These are the most common margins of victory. As you can see, when you are able to tease a team through both three and seven, you are gaining the most value.
The problem with teasers is that most bettors overestimate how much an extra six points improves the likelihood of a particular team covering the spread. If you are not teasing through significant numbers, there is a chance you will not increase your odds of winning each leg by enough to justify betting the teaser. When compared to other types of wagers, know that a straight bet is always the most profitable bet. The advantage the books have on a straight bet is lower than on a parlay or a teaser.
If you are betting to make money and for no other reason, from a pure value standpoint, you should almost exclusively be placing straight bets. Your odds of winning a teaser are obviously quite higher than winning a parlay. The drawback is in both scenarios, you have to be correct on multiple wagers and the parlay payout is much better than the teaser payout.
With a teaser, you are trading payout for increased odds of being correct. Depending on what you put in the legs of a parlay or a teaser, one can be more valuable than the other. Like a parlay, a teaser bet combines multiple selections in a single bet. But, teasers can only include picks against the spread and game totals, and you will be able to adjust the spread for each game you pick.
As with a parlay, if every team covers the new spread, you win the bet. If even one fails, you get nothing. There are other restrictions on teasers, as well. They are only available for football and basketball, and the payouts are predetermined based on how many teams are involved and how many points you move the spread by. In football, you can tease the spread by 6, 6. The bet would cash if New England won by at least five and Tennessee lost by three or fewer. As mentioned, you can also tease a game total.
Any final score that amounts to less than For NBA teasers, the options are 4, 4. At most books, the maximum teams you can include in a teaser is As mentioned, with both sports, the payouts are predetermined based on the number of teams and the size of the spread adjustment. Similar to a parlay, if you push in a teaser, that result will be removed and a three-team tease would become a two-team tease.
However, if a push occurs on a two-team tease, the overall bet just becomes a push. Unlike regular teasers, these generously large teasers will result in a loss if any game pushes. This betting market provides a fast way to play multiple, smaller parlays. But, specifically, what is a round robin bet? In this instance, you can bet either a two or three-way round robin. A two-way round robin would package your four teams into a series of six, two-team parlays, i.
And a three-way round robin would package your four teams into a series of four, three-team parlays, i. There are benefits to both approaches. Further, the potential payout if all of these three-team parlays win is much higher than if all of the two-way parlays hit. A two-way requires you to put money on more options but helps mitigate risk, regardless of whether lines are moving or not. Round robins can include as many as eight teams, and a maximum of six-way parlays.
But be careful when you are placing your round robin wager. When you fill out the risk amount, that number will be multiplied by however many bets there are in the round robin. If any aspect of online sports betting remains a point of confusion for you, do take a look at our guide for betting sites basics , which will provide readers with foundations of the industry, betting vocabulary and guides you to making your first wager online!
We cover parlays, teasers, and round-robin bets. What happens if there's a "push," or tie?