I looked at every regular season NFL game between the 20 seasons. Probability of a Single Pick WinningĪ good place to start an analysis of teasers is to find the probability of any given pick winning. The outcome of the teaser above is I won two and lost two, so the bet lost. The Suncoast now pays only 5 to 2 for a 4-team 6-point teaser, for example. Since I made that bet, teaser odds have gone down. If I covered all four of these spreads, then I would have been paid 3 to 1. However, because I did a 6-point teaser, all the point spreads moved six points in my favor, to the following:

The following would have been the normal point spreads that week: The image to the side is of a teaser bet I made in 2004. Otherwise, don't throw away a teaser bet if the first game loses, because it will still push if every other pick results in a push. An exception to this is The Greek Internet sports book, which treats any teasers with a losing pick as a loss. In the rare event a teaser is reduced to just one pick, then it usually pushes, because there is no such thing as a one-team teaser. For example, if a 4-team teaser results in 3 wins and 1 push, then it would pay as a winning 3-team teaser. In the event one or more events end in a push, then those picks are ignored. Personally, I prefer to use the term 'pick,' but on this page I use the terms 'pick' and 'team' interchangeably.Īs with a parlay, every pick must win in order for the bet to win. On teasers, each pick is called a 'team.' I always thought this was confusing, because the player can choose over and under bets too.

For example, a 2-team parlay usually pays 13 to 5, but a 2-team 6-point teaser usually pays 10 to 11. The player pays for those points in the form of much lower wins than a parlay bet. Where the teaser differs from the parlay is that the point spread is moved a specified number of points (usually 6 to 7 points) in the player's favor on all picks. IntroductionĪ teaser is similar to a parlay bet in that the player ties multiple wagers together and the cumulative bet wins only if the wagers all win together. I recommend you visit my page on Teaser Bets in the NFL instead.

This page is rather dated and limited in scope.

Teaser payout table