🏈 Select Sport & Teaser Size
📊 Enter Spreads
Enter the original point spread for each leg. Use negative numbers for favorites (e.g., -7) and positive for underdogs (e.g., +3).
💰 Teaser Results
Standard Teaser Payouts (NFL 6-Point)
⚖️ Teaser vs Parlay Comparison
| Metric | Teaser | Standard Parlay | Difference |
|---|---|---|---|
| Payout Odds | -110 | +264 | -374 |
| Est. Win Probability | 73.5% | 25.0% | +48.5% |
| Potential Profit | $90.91 | $264.00 | -$173.09 |
| Expected Value | -$4.55 | -$9.00 | +$4.45 |
Understanding the comparison: Teasers sacrifice potential profit for higher win probability. While standard parlays offer bigger payouts, teasers can be mathematically superior when crossing key numbers in NFL betting. Neither is inherently "better"—it depends on the specific lines and your risk tolerance.
How Teaser Bets Work
A teaser bet is a type of parlay that allows you to adjust point spreads in your favor by a fixed number of points across multiple games. In exchange for this advantage, the payout is significantly reduced compared to a standard parlay at the same number of legs.
For example, if you want to bet on a team that's a 7-point favorite and another team that's a 3-point underdog, a standard 2-team NFL teaser at 6 points would adjust these lines to -1 and +9 respectively. Both adjusted spreads must cover for your teaser to win.
Standard NFL Teaser Options
- 6-point teaser: Most common, typically pays -110 for 2 teams
- 6.5-point teaser: Extra half-point of cushion, pays around -120 for 2 teams
- 7-point teaser: Maximum standard adjustment, pays approximately -130 for 2 teams
Standard NBA Teaser Options
- 4-point teaser: Standard NBA teaser, typically pays -110 for 2 teams
- 4.5-point teaser: Extra cushion, pays around -120 for 2 teams
- 5-point teaser: Maximum adjustment, pays approximately -130 for 2 teams
The Mathematics of Key Numbers
In NFL football, certain point margins occur far more frequently than others due to the scoring structure (touchdowns worth 6-7 points, field goals worth 3). Understanding these "key numbers" is crucial for teaser betting strategy. This concept is grounded in probability theory and statistical distribution.
Approximately 24% of NFL games are decided by exactly 3 or 7 points. This statistical reality makes crossing these numbers in a teaser extremely valuable. According to historical data from sources like Pro Football Reference, the concentration of games at these margins significantly exceeds what random chance would predict.
Wong Teasers Explained
Named after gambling author Stanford Wong, Wong teasers are a specific NFL teaser strategy that targets spreads crossing both key numbers 3 and 7. The strategy has been documented in various sports betting publications and analyzed by organizations like the UNLV International Center for Gaming Regulation.
Wong Teaser Criteria
- Favorites: Original spread of -7.5 to -8.5, teased down to -1.5 or -2.5 (crossing both 7 and 3)
- Underdogs: Original spread of +1.5 to +2.5, teased up to +7.5 or +8.5 (crossing both 3 and 7)
- Always use 6-point teasers: The standard -110 payout at 6 points provides the best mathematical value
Historical Performance: Wong teasers have historically shown a positive expected value when applied correctly to NFL betting. However, past performance doesn't guarantee future results, and sportsbooks have adjusted their lines over time to account for this strategy. Always verify current teaser rules and payouts at your sportsbook.
Teaser Betting Strategy Tips
While no betting strategy guarantees profits, understanding the mathematics behind teasers can help you make more informed decisions. The Responsible Gambling Council recommends treating sports betting as entertainment with a fixed budget.
When Teasers May Offer Value
- NFL games with spreads that cross key numbers 3 and 7
- Situations where the extra points move you off common losing margins
- When teaser payouts are better than standard (-110 for 2-team 6-point)
When to Avoid Teasers
- NBA and other sports without concentrated key numbers
- Lines that don't cross meaningful thresholds
- When payouts are worse than standard (some books reduce payouts)
- Totals teasers (over/under) generally offer poor value
Understanding Teaser Expected Value
Expected value (EV) measures the average outcome of a bet over many repetitions. For teasers, calculating true EV requires estimating the win probability improvement from the point adjustment and comparing it to the reduced payout.
A general formula for teaser EV is:
EV = (Win Probability × Profit) - (Loss Probability × Stake)
For Wong teasers specifically, historical win rates have been reported around 73-74% for properly selected 2-team teasers. At -110 odds, a 52.4% win rate is needed to break even. If Wong teasers truly win at 73%+, the expected value would be positive—though actual results depend on many factors including line movement and game-specific circumstances.
Related Tools & Resources
Explore more sports betting calculators and educational content to make informed decisions:
- Parlay Calculator - Calculate standard parlay odds and payouts
- Expected Value Calculator - Determine if any bet has positive or negative EV
- Spread Betting Explained - Understanding point spreads and handicap betting
- Teaser Bets & Pleasers Guide - In-depth article on teaser betting
- Bankroll Management Guide - Protect your betting budget