What Does A 2 Team Teaser Pay
During football season a great way to make a little extra cash is with teasers. The average gambler either plays this type of bet completely wrong, or they don’t understand what they are doing and thus avoid it altogether. If you have never tried a teaser bet then you are missing out on what I think is a great way to build your bankroll during the football season.
- What Does A 2 Team Teaser Payout
- What Does A 2 Team Teaser Payrolls
- What Does A 2 Team Teaser Payment
- What Does A 2 Team Teaser Pay
Today we are going to be analyzing the 10-point teaser. This simply means that you are being given 10 additional points for your teams, but they all have to win or else your wager is lost. For 10 point teasers the payouts normally go something like this:
#2 out of 2 pays -210
# 3 out of 3 pays -110
# 4 out of 4 pays +136
# 5 out of 5 pays +195
# 6 out of 6 pays +265
# 7 out of 7 pays +355
# 8 out of 8 pays +465
# 9 out of 9 pays +610
# 10 out of 10 pays +800
# 11 out of 11 pays +1025
# 12 out of 12 pays +1325
# 13 out of 13 pays +1700
# 14 out of 14 pays +2200
# 15 out of 15 pays +2850
- However, if a push occurs on a two-team tease, the overall bet just becomes a push. So, the bettor can’t benefit from only one adjusted spread. At some books, there’s also the possibility of a “sweetheart teaser.” That is either a three-team, 10-point teaser for -110 odds, or a four-team, 13-point teaser for -120.
- Longtime bettors know what those are. If you’re new to sports betting, a two-team six-point teaser is a bet in which you get to move the line six points in your favor on both teams — but then both teams have to cover those new spreads for you to win your bet.
All payouts are for $100 wagers. A (-) minus sign means you have to lay that much to win $100, a (+) plus sign means $100 bet wins you that amount.
So what is the best strategy with these bets? Here is our guide to playing 10 point teasers, remember to tease the number and not the team. That means that you really want to take advantage of getting the best odds and not worry as much about handicapping an individual teams chances of winning. You want to make it past as many key numbers as you can.
NFL Teaser Example. Here is what a two team 6.5 point NFL teaser bet would look like: Your selections: Pittsburgh Steelers +3 and Dallas Cowboys -4.5. In a 6.5 point teaser these would then be changed to: Steelers +9.5 and Cowboys -2. In order for you to win the teaser bet.
Ten point teaser are pretty simple in comparison to 6.5 point teasers.
- Tease +1.5 to +11.5 and +2 to +12, but then stay away until you get to +4.5 to +6.5. I don’t recommend teasing 6, 6.5 or 7 up.
- You should consider teasing -6 or -6.5 down to +4 and +3.5, but don’t touch 10 either way.
- If you tease -10.5 down to -1.5 then you are in essence getting 11.5 points, but a +10 to a +20 puts you in danger of a three touchdown split.
- The best 10 point teaser numbers are 11.5 to 12.5 both ways. If it’s a double digit favorite then they only need to win the game by less than a field goal and a dog gets a full extra score when they are bumped up to 21.5 or 22.
For those that like to bet 2-team teasers, 5Dimes offers players +100 odds versus the -110 that Bovada offers. 5Dimes also allows players to go up to 15-team teasers and allows teaser options up to even 20 points. Of course, bettors will pay big if they want a 20 point teaser, and it will vastly decrease the amount they stand to win on the wager. 3 team teaser 9-5 4 team teaser 3-1 5 team teaser 5-1. 2 teamer is -110 with the juice. If there is a push it knocks down to pay out the rest. Can you explain the order of which of these has the best odds? BTW thanks for this thread, last week hit on Ravens and Pack.
Now this doesn’t mean just jump in and tease every game that is sitting on either 11.5 or 12, that would be pretty mindless and stupid. You should continue to do your handicapping and if the numbers make sense for a play either way then it’s time to unload on it. I don’t put as much time handicapping the actual matchups as much with teasers as I do when betting sides or totals, but it’s not just blindingly throwing action out there either.
Another example when a 10 point teaser is great.
Iowa is a -19.5 favorite at home against Iowa State. If you like Iowa then lay -9.5 to get the key numbers on your side, so the better team needs to win by only a touchdown and a field goal.
If you can make a case for Iowa State then you get +29.5 with lots of key numbers in there that can’t beat you.
Warning
This page is rather dated and limited in scope. I recommend you visit my page on Teaser Bets in the NFL instead.
Introduction
A 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. 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. The player pays for those points in the form of much lower wins than a parlay bet. For example, a 2-team parlay usually pays 13 to 5, but a 2-team 6-point teaser usually pays 10 to 11. On teasers, each pick is called a 'team.' I always thought this was confusing, because the player can choose over and under bets too. Personally, I prefer to use the term 'pick,' but on this page I use the terms 'pick' and 'team' interchangeably.
As with a parlay, every pick must win in order for the bet to win. In the event one or more events end in a push, then those picks are ignored. 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 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. An exception to this is The Greek Internet sports book, which treats any teasers with a losing pick as a loss. 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.
Let's take a look at an example. The image to the side is of a teaser bet I made in 2004. The following would have been the normal point spreads that week:
- Bengals +2.5
- Buccs -8
- Chiefs +2.5
- Colts -8.5
However, because I did a 6-point teaser, all the point spreads moved six points in my favor, to the following:
- Bengals +8.5
- Buccs -2
- Chiefs +8.5
- Colts -2.5
If I covered all four of these spreads, then I would have been paid 3 to 1. Since I made that bet, teaser odds have gone down. The Suncoast now pays only 5 to 2 for a 4-team 6-point teaser, for example. The outcome of the teaser above is I won two and lost two, so the bet lost.
Probability of a Single Pick Winning
A good place to start an analysis of teasers is to find the probability of any given pick winning. I looked at every regular season NFL game between the 2000 and 2011 seasons. Then I cut the results by the number of points given, and whether the pick was on a home team, away team, under, or over. The 'all sides' column is the average of both sides of all games against the spread.
The most common teasers give the player 6, 6.5, or 7 extra points. However, I've seen teaser cards with an unusual number of points given. To be complete, I analyzed everything from a 0 to 14-point teaser, although many of these you will never see.
Teaser Average Probabilities
| Extra Points | All Home | All Away | All Sides | All Under | All Over | All Totals |
|---|---|---|---|---|---|---|
| 14 | 85.85% | 85.00% | 85.43% | 83.70% | 87.44% | 85.57% |
| 13.5 | 84.89% | 84.05% | 84.47% | 82.86% | 86.69% | 84.78% |
| 13 | 84.16% | 83.26% | 83.71% | 81.94% | 85.78% | 83.86% |
| 12.5 | 83.15% | 82.49% | 82.82% | 80.87% | 84.85% | 82.86% |
| 12 | 82.43% | 81.77% | 82.10% | 79.92% | 83.73% | 81.83% |
| 11.5 | 81.48% | 80.91% | 81.20% | 78.83% | 82.81% | 80.82% |
| 11 | 80.74% | 80.32% | 80.53% | 78.10% | 82.09% | 80.09% |
| 10.5 | 79.53% | 79.31% | 79.42% | 76.99% | 81.01% | 79.00% |
| 10 | 78.32% | 77.91% | 78.11% | 75.94% | 79.59% | 77.76% |
| 9.5 | 76.82% | 76.61% | 76.71% | 74.92% | 78.39% | 76.66% |
| 9 | 75.88% | 75.70% | 75.79% | 73.73% | 77.39% | 75.56% |
| 8.5 | 74.74% | 74.87% | 74.81% | 72.68% | 76.12% | 74.40% |
| 8 | 73.65% | 73.85% | 73.75% | 71.60% | 74.75% | 73.17% |
| 7.5 | 72.28% | 72.64% | 72.46% | 70.36% | 73.14% | 71.75% |
| 7 | 71.06% | 71.56% | 71.31% | 69.03% | 71.61% | 70.31% |
| 6.5 | 69.67% | 70.03% | 69.85% | 67.71% | 69.88% | 68.79% |
| 6 | 68.09% | 68.48% | 68.28% | 66.24% | 68.18% | 67.21% |
| 5.5 | 66.30% | 66.61% | 66.45% | 65.11% | 66.73% | 65.92% |
| 5 | 64.97% | 65.46% | 65.21% | 63.91% | 65.69% | 64.80% |
| 4.5 | 63.66% | 64.19% | 63.93% | 62.73% | 64.54% | 63.63% |
| 4 | 62.15% | 62.78% | 62.47% | 61.50% | 63.16% | 62.33% |
| 3.5 | 60.31% | 61.16% | 60.73% | 59.86% | 61.53% | 60.69% |
| 3 | 58.95% | 59.69% | 59.32% | 58.53% | 59.80% | 59.17% |
| 2.5 | 57.52% | 58.33% | 57.92% | 57.16% | 58.25% | 57.70% |
| 2 | 56.08% | 57.21% | 56.65% | 55.69% | 56.73% | 56.21% |
| 1.5 | 54.56% | 56.13% | 55.35% | 54.32% | 55.13% | 54.72% |
| 1 | 53.11% | 54.84% | 53.98% | 52.91% | 53.38% | 53.14% |
| 0.5 | 51.47% | 53.17% | 52.32% | 51.46% | 51.71% | 51.58% |
| 0 | 49.13% | 50.87% | 50.00% | 50.03% | 49.97% | 50.00% |
What does the table above tell us? For the common teasers of 6 to 7 points, away teams are slightly better than home. It also shows that overs are slightly better than unders. The most important thing to notice is that teasing sides is significantly better than teasing totals.
The sports book review at my Wizard of Vegas site indicates what all the major sports book families pay on teasers. The next table shows the expected return on 6, 6.5, and 7-point teasers under all known pay tables, for all side and all total teasers.
6-Point Teaser Returns
6-Point Teasers
| Picks | Pays | Sides | Totals |
|---|---|---|---|
| 2 | 10 to 11 | -10.99% | -13.77% |
| 2 | 5 to 6 | -14.52% | -17.19% |
| 3 | 9 to 5 | -10.86% | -15.00% |
| 3 | 8 to 5 | -17.23% | -21.07% |
| 3 | 7 to 5 | -23.60% | -27.14% |
| 4 | 3 to 1 | -13.05% | -18.39% |
| 4 | 14 to 5 | -17.40% | -22.47% |
| 4 | 13 to 5 | -21.75% | -26.55% |
| 4 | 5 to 2 | -23.92% | -28.59% |
| 4 | 12 to 5 | -26.09% | -30.63% |
| 4 | 17 to 10 | -41.31% | -44.91% |
| 5 | 5 to 1 | -10.95% | -17.73% |
| 5 | 9 to 2 | -18.37% | -24.58% |
| 5 | 4 to 1 | -25.79% | -31.44% |
| 5 | 3 to 1 | -40.63% | -45.15% |
| 6 | 7 to 1 | -18.92% | -26.28% |
| 6 | 13 to 2 | -23.99% | -30.88% |
| 6 | 6 to 1 | -29.06% | -35.49% |
| 6 | 9 to 2 | -44.26% | -49.31% |
| 7 | 11 to 1 | -16.96% | -25.68% |
| 7 | 10 to 1 | -23.88% | -31.87% |
| 7 | 9 to 1 | -30.80% | -38.06% |
| 7 | 8 to 1 | -37.72% | -44.26% |
| 7 | 7 to 1 | -44.64% | -50.45% |
| 8 | 15 to 1 | -24.40% | -33.40% |
| 8 | 12 to 1 | -38.58% | -45.89% |
| 8 | 10 to 1 | -48.03% | -54.21% |
6.5-Point Teaser Returns
6.5-Point Teasers
| Picks | Pays | Sides | Totals |
|---|---|---|---|
| 2 | 5 to 6 | -10.56% | -13.23% |
| 2 | 10 to 13 | -13.69% | -16.27% |
| 2 | 10 to 14 | -16.37% | -18.87% |
| 3 | 8 to 5 | -11.40% | -15.35% |
| 3 | 3 to 2 | -14.81% | -18.60% |
| 3 | 29 to 20 | -16.51% | -20.23% |
| 3 | 7 to 5 | -18.22% | -21.86% |
| 3 | 6 to 5 | -25.03% | -28.37% |
| 4 | 5 to 2 | -16.70% | -21.60% |
| 4 | 12 to 5 | -19.08% | -23.84% |
| 4 | 11 to 5 | -23.84% | -28.32% |
| 4 | 2 to 1 | -28.60% | -32.80% |
| 5 | 4 to 1 | -16.88% | -22.95% |
| 5 | 7 to 2 | -25.19% | -30.66% |
| 6 | 7 to 1 | -7.11% | -15.19% |
| 6 | 6 to 1 | -18.72% | -25.79% |
| 6 | 11 to 2 | -24.52% | -31.10% |
| 6 | 5 to 1 | -30.33% | -36.40% |
| 7 | 9 to 1 | -18.89% | -27.07% |
| 7 | 8 to 1 | -27.01% | -34.36% |
| 8 | 12 to 1 | -26.36% | -34.78% |
| 8 | 10 to 1 | -37.69% | -44.81% |
| 8 | 9 to 1 | -43.35% | -49.83% |
7-Point Teaser Returns
7-Point Teasers
| Picks | Pays | Sides | Totals |
|---|---|---|---|
| 2 | 10 to 13 | -10.03% | -12.53% |
| 2 | 5 to 7 | -12.83% | -15.25% |
| 2 | 2 to 3 | -15.25% | -17.60% |
| 3 | 3 to 2 | -9.34% | -13.09% |
| 3 | 7 to 5 | -12.97% | -16.57% |
| 3 | 13 to 10 | -16.60% | -20.04% |
| 3 | 6 to 5 | -20.22% | -23.52% |
| 3 | 1 to 1 | -27.48% | -30.47% |
| 4 | 2 to 1 | -22.42% | -26.67% |
| 4 | 9 to 5 | -27.60% | -31.56% |
| 5 | 7 to 2 | -17.02% | -22.66% |
| 5 | 3 to 1 | -26.24% | -31.25% |
| 5 | 5 to 2 | -35.46% | -39.85% |
| 6 | 5 to 1 | -21.10% | -27.49% |
| 6 | 9 to 2 | -27.68% | -33.53% |
| 6 | 4 to 1 | -34.25% | -39.58% |
| 7 | 8 to 1 | -15.61% | -23.52% |
| 7 | 7 to 1 | -24.98% | -32.02% |
| 7 | 13 to 2 | -29.67% | -36.27% |
| 7 | 6 to 1 | -34.36% | -40.52% |
| 8 | 11 to 1 | -19.76% | -28.30% |
| 8 | 10 to 1 | -26.45% | -34.28% |
| 8 | 9 to 1 | -33.13% | -40.25% |
| 8 | 8 to 1 | -39.82% | -46.23% |
As you can see, teasing random picks results in a very high house edge most of the time. As a rule of thumb, teasers are a sucker bet. However, with some skill you can get the odds in your favor.
Wong Teasers
The two most common margins of victory in the NFL, by far, are 3 and 7 points. My sports betting appendix 2 shows the probability of each margin of victory. Briefly, 15.9% of NFL games are decided by exactly 3 points and 9.6% are decided by 7.
In his outstanding book Sharp Sports Betting, Stanford Wong noted that by crossing the 3- and 7-point margins of victory with a 6-point teaser, the player could have an advantage. However, his book is now somewhat dated, and results since its publication have not been good for what are known as 'Wong teasers.' Let's take a fresh look at them. Again, all the results in this page are based on regular season games from week 1 2000 to week 4 2010.
Wong Teasers
| Bet | Wins | Games | Ratio Wins | Standard Deviation |
|---|---|---|---|---|
| Home underdogs | 90 | 126 | 71.43% | 3.98% |
| Home favorites | 109 | 144 | 75.69% | 3.72% |
| Away underdogs | 124 | 170 | 72.94% | 3.42% |
| Away favorites | 31 | 48 | 64.58% | 6.44% |
| All home | 199 | 270 | 73.70% | 2.72% |
| All away | 155 | 218 | 71.10% | 3.02% |
| All underdogs | 214 | 296 | 72.30% | 2.59% |
| All favorites | 140 | 192 | 72.92% | 3.22% |
| All | 354 | 488 | 72.54% | 2.02% |
The table above shows the probability of a Wong teaser winning ranges from 64.58% to 75.69%. I tend to think this is just random variation and that the overall win rate of 72.54% is the significant statistic. The next table shows the expected return of Wong teasers according to the number of teams and the odds a winning bet pays.
What Does A 2 Team Teaser Payout
Wong Teaser Expected Return
| Picks | Pays | Expected Return |
|---|---|---|
| 2 | 10 to 11 | 0.46% |
| 2 | 5 to 6 | -3.53% |
| 3 | 9 to 5 | 6.88% |
| 3 | 8 to 5 | -0.75% |
| 3 | 7 to 5 | -8.39% |
| 4 | 3 to 1 | 10.76% |
| 4 | 14 to 5 | 5.22% |
| 4 | 13 to 5 | -0.31% |
| 4 | 5 to 2 | -3.08% |
| 4 | 12 to 5 | -5.85% |
| 4 | 17 to 10 | -25.24% |
| 5 | 5 to 1 | 20.52% |
| 5 | 9 to 2 | 10.48% |
| 5 | 4 to 1 | 0.44% |
| 5 | 3 to 1 | -19.65% |
| 6 | 7 to 1 | 16.57% |
| 6 | 13 to 2 | 9.29% |
| 6 | 6 to 1 | 2.00% |
| 6 | 9 to 2 | -19.86% |
| 7 | 11 to 1 | 26.84% |
| 7 | 10 to 1 | 16.27% |
| 7 | 9 to 1 | 5.70% |
| 7 | 8 to 1 | -4.87% |
| 7 | 7 to 1 | -15.44% |
| 8 | 15 to 1 | 22.68% |
| 8 | 12 to 1 | -0.32% |
| 8 | 10 to 1 | -15.65% |
The table above shows the classic 2-team teaser that pays 10 to 11 is barely good any longer, with a player advantage of about half a percent. To have an advantage worth bothering with, you need at least three teams and the premium odds. Here is Nevada, when last I checked in 2010, your best chance at a good Wong Teaser is the 4-team teaser that pays 3 to 1 at Leroy's sports books. You can use my Las Vegas sports book groups page to find which cases have a Leroy's outlet.
Teaser Cards
I have not checked every teaser card out there, but those I have checked I found to be a lousy bet. Consider the Boyd Gaming 'Super Teaser' card, for example. For the Monday Night Football game of October 18, 2010, they had the Titans +5 and the Jaguars +12. Ties always win, and every point spread is an even number, so that is the same as Titans +5.5 and Jaguars +12.5. That is mathematically equivalent to a 9-point teaser. The following table shows the pay table, probability of winning, and expected return for a random picker.
Boyd Super Teaser
What Does A 2 Team Teaser Payrolls
| Picks | Pays (for one) | Probability Win | Expected Return |
|---|---|---|---|
| 4 | 2 | 32.99% | -34.01% |
| 5 | 2.5 | 25.00% | -37.49% |
| 6 | 3.5 | 18.95% | -33.67% |
| 7 | 4.5 | 14.36% | -35.37% |
| 8 | 6 | 10.89% | -34.69% |
| 9 | 7.5 | 8.25% | -38.13% |
| 10 | 9.5 | 6.25% | -40.60% |
| 11 | 12 | 4.74% | -43.14% |
| 12 | 15 | 3.59% | -46.13% |
| 13 | 20 | 2.72% | -45.56% |
| 14 | 25 | 2.06% | -48.43% |
| 15 | 30 | 1.56% | -53.10% |
The upshot of it is that this Super Teaser card is a lousy bet. You might say, what if the player only crossed through key totals. I found that didn't help much. To make things worse, they give the player only 8.5 points on totals, when they should offer more points than for sides, to be fair.
Pre-Season Teasers
Most sports books don't allow teasers on pre-season games. However, if you find one that does, I think Wong teasers would be a strong bet. This is because you find a lot of games with a 1.5 to 2.5 spread, and the games tend to be low scoring, and decided by small margins of victory. I don't have data on pre-season games, so this is anecdotal advice only.- Betting MLB In-depth look at betting professional baseball.
- Betting the NBA In-depth look at betting professional basketball.
- Appendix 1 Comparative study on who has the best lines in Vegas.
- Appendix 2 Various topics in sports betting.
- Appendix 3 List of Las Vegas sports book families.
- Appendix 4 Fair prices to buy and sell points in the NFL.
- Appendix 5 Explores sports futures in greater depth.
- Appendix 6 Lost and expired tickets.
- Appendix 7 Companion to appendix 1, showing NFL money line pairs from several Internet sportbooks.
- Appendix 8 Comparitive study on who has the best lines offshore.
- Appendix 9 Companion to appendix 8, showing NFL money line pairs from offshore sportbooks.
- Total number of kickoffs in Super Bowl 43. Were there 9 or 10?
- Vegas sports book comparison at WizardOfVegas.com. Who offers what odds on parlays and teasers, as well as rebate percentages.