Teaser Betting Guide - How to Place a Teaser Bet

Teaser Betting Guide - How to Place a Teaser Bet

Teaser Betting Guide - How to Place a Teaser Bet

Teaser betting is designed to place the odds in the favor of the punter. Part of the parlay betting family, teaser bets have become a more popular way to place wagers.

But where can you place teaser bets? And which are the best offshore sportsbooks to use them at? All this, and much more will be explained in our comprehensive guide.

The Best Teaser Betting Sites List 2021

Before we explain how teaser betting works, let’s reveal our top 10 recommended offshore sportsbooks that facilitate betting teasers:

  • BetOnlineOverall best online sportsbook offering great teaser betting odds
  • Bovada – Fabulous teaser sports betting site that has a live stream for many events
  • MyBookieGreat site for placing teaser bets on NBA
  • BetUS – Established bookmaker for offering teaser betting
  • XBet – New bookmaker with great bonuses and contests
  • Intertops – Trusted offshore site that has great parlay and teaser promotions
  • Sportsbetting.ag – Competitive, but fair odds provided
  • BetNow – Neatly presented site and easy to place wagers
  • GT Bets – Plenty of markets to indulge in different bet types
  • BUSR – Excellent customer support options

What is a Teaser Bet?

A teaser bet revolves around combining multiple selections into a single wager. So, essentially a teaser bet is like a parlay bet, because if one selection lets you down, then it will scupper your entire betting slip.

However, unlike parlay betting, teaser betting is less risky. A teaser bet is a modified points spread that allows you to move each line in your favor. You essentially get extra points on your side of the bet, which in turn, allows you to increase your chances of success.

Teaser bets can be quite popular, as you can still earn large payouts from a small stake. In the next section, we will explain a little more about how teaser bets work.

teaser bet

How Does a Teaser Bet Work?

Teaser betting involves altering point spreads, so NFL teaser bets and basketball teasers are the two main sports used for this particular betting type.

A teaser bet, as we mentioned previously, involves an exchange of points for volume. The bettor must buy a specified number of points, and in return, he or she will be expected to make at least two selections.

Often, there are two teams within teasers, but some sportsbooks will allow up to 10 bets in a teaser. Like a parlay bet, all selections must win for you to get a payout.

You will find teaser betting at our recommended offshore sportsbooks, so you can try it out yourself.

Teaser Betting Odds

As suggested, a two-team teaser is very common at most bookmakers. When you find a team that you want to use for your teaser bet, you can click on the point spread odds next to the team. Bettors can move the line, and the range of odds may shift by several points.

Usually, sportsbooks will display their odds in American format, so a – sign will denote the favorite, while the underdog will have a + sign attached. With football teasers, you can move the selection up to 7 points in your favor, while with basketball, you can move the spread on each selection up to 5 points in your favor.

The bet slip will then present you with the combined odds for your teaser. You will then be able to type the amount you would like to wager, and the slip will automatically show how much you stand to win if all your selections pay off.

Also, remember that some sportsbooks will impose a maximum bet limit for teaser bets.

Example of a Teaser Bet

Teaser bets explained make it easier to understand the process. You may have picked out three games from Week 10 of the NFL season that you wish to wager on, and the three games will have the standard sportsbook odds of -110:

  • Seattle Seahawks (+10) at Green Bay Packers (-10)
  • Tampa Bay Bucs (-7) at Washington (+7)
  • Kansas City Chiefs (-8) at Las Vegas Raiders (+8)

Bettors can choose to shift the underdogs higher, but they may prefer the favorite in all three games. On a six-point teaser, backing the original favorite would change the lines to look like this:

  • Seattle Seahawks (+4) at Green Bay Packers (-4)
  • Tampa Bay Bucs (-1) at Washington (+1)
  • Kansas City Chiefs (-2) at Las Vegas Raiders (+2)

A bettor isn’t restricted to picking just the favorite or underdogs for teaser bets. The only rule, is that the line must move six points in the favor of the bettor.

Teaser v Spread

So, you will find that many sportsbooks will offer alternate point spreads, and they will allow bettors to build a customized teaser. Players can adjust the line on a single game and place a one-team wager of several matches for a parlay ticket.

With point spread betting, there is a handicap applied which shows the relative strength and weaknesses of a side. The nature of the spread bet is to even out the playing field.

So, if you were to bet on the Milwaukee Bucks v the Cleveland Cavaliers, you may be given six additional points to form the handicap:

  • Milwaukee Bucks (-6) -110
  • Cleveland Cavaliers (+6) -110

To return a winning bet slip, you would have to cover the point spread. So, in this case, the Bucks would have to win by a margin of six points or more to guarantee a payout.

Whereas, with teaser betting, there is more flexibility involved, as you can shift the line in your favor. However, the further you move the line in your favor, the smaller the payout will be.

Best Teaser Sportsbooks Reviewed

Let’s look at the five best teaser sports betting sites and what we like about them:

1. BetOnline – Overall best online sportsbook offering great teaser betting odds

BetOnline Sportsbook Homepage

 

 

 

When it comes to teaser sports betting, BetOnline comes into its own. The teaser bet section is displayed when you enter the sportsbook lobby. There is a teaser betting calculator that will work out your potential returns from your stake size.

BetOnline is a user-friendly site that will serve basketball and NFL bettors well, and there are plenty of markets that you can explore that incorporate the ‘Moneyline’ as well as the total Over/Under section.

Aside from that, BetOnline is also arguably one of the best Bitcoin sportsbooks in the business. There are a range of different payment options, but using Bitcoin is completely secure, and you can expect fast withdrawal times using this payment method.

Let’s not forget about the bonuses either. The welcome bonus is worth up to $1,000, and you will need to enter the BetOnline promo code BOL1000 at the cashier to get your hands on it.

Click here to join BetOnline.

Pros:

  • User-friendly site
  • Easy to make NBA and NFL teaser bets
  • Good tips and guides for betting teaser strategy
  • Strong welcome bonus

Cons:

  • Could have more teaser options

2. Bovada – Fabulous teaser sports betting site that has a live stream for many events

Bovada comes out second in our list of best teaser sports betting sites. The one thing that is striking when entering the sportsbook lobby, is the number of lines for NBA or NFL that you can wager on. Bovada has more than 30 sports available, and it is one of the most complete sites out there.

With in-play betting built in, punters are thrust into the heart of the action, and they keep on top of their teaser sports betting slips as the play unfolds. Teaser in betting, along with an HD-quality live stream are two of the biggest selling points of the bookmaker that makes it an attractive site for new players.

If that wasn’t enough, Bovada provides a fabulous mobile experience. It boasts one of the best betting apps around, and the app works on Android and iOS devices.

When it comes to promotions, bettors can access a 100% deposit match up to $750. This will suit crypto-orientated bettors, who prefer to deposit using Bitcoin. They can claim the promotion by entering the Bovada bonus code BTCSWB750 when prompted.

Click here to join Bovada.

Pros:

  • HD-quality live stream
  • In-play betting option for teasers
  • Fantastic mobile app available for Android and iOS users
  • Generous welcome bonus for Bitcoin users

Cons:

  • Don’t always broadcast the best odds

3. MyBookie – Great site for placing teaser bets on NBA

MyBookie Sportsbook

MyBookie thoroughly deserves its place as one of the best teaser betting sites around. If you are looking to get the most from betting teasers, then you will have come to the right place.

While from a design point of view, it may look rather basic, but when it comes to placing a teaser bet, this is rather straightforward. Indeed, if you are unsure about the teaser bet meaning, then you will also find some useful guides packed with lots of information. Users can also tap into other blog articles as well as expert insight from the in-house writers ahead of the biggest games.

On the bonus front, there is plenty on offer. The standout deal is the 100% deposit match deal up to $1,000, and the MyBookie promo code can be redeemed by entering MYB100 at the cashier. This bonus comes with a 10x wagering requirement.

Existing customers, meanwhile, will be able to collect weekly reloads, as well as a $250 sports rebate bonus, and there is also a lucrative Refer your Friends scheme too.

Click here to join MyBookie.

Pros:

  • Great site to make a teaser bet
  • $1,000 welcome bonus
  • Refer your Friends scheme
  • Useful guides for teaser bets

Cons:

  • Fewer options compared to rivals

4. BetUS – Established bookmaker for offering teaser betting

BetUS Sportsbook

BetUS ranks very highly when it comes to sports betting, and more specifically, teaser betting. Placing a teaser bet is rather straightforward, as the site is very user-friendly. With over 25 years of experience in the field, BetUS has become a favorite betting site for many US residents.

You will find teaser betting options for NFL and NBA, and there is also a healthy dose of Esports, so you can bet on your preferred tournaments and competitions. Also, there is a nice little last-minute bets feature, which will suit those who leave it down to the very last possible moment to place a wager.

However, we particularly like the fact BetUS has its own in-house TV channel (BETUS-TV) which broadcasts NFL, Serie A, and NFL channels. Here, you will be able to find plenty of betting tips, so it is worth tuning into.

Let’s not overlook the promotion either, which is arguably the most rewarding in the industry. At BetUS, new customers can tap into a huge welcome bonus, where they can claim up to $2,500 with a 125% deposit match. You can claim this bonus by entering the promo code JOIN125 at the cashier, and the rollover requirement for this offer is 10x.

Click here to join BetUS.

Pros:

  • User-friendly website
  • Great features, such as last-minute bets
  • In-house TV channel
  • Very generous welcome bonus

Cons:

  • Only 14 days to meet the welcome bonus wagering requirements

5. XBet – New bookmaker with great bonuses and contests

The final entry in our top 5 betting sites for making teaser bets, is XBet. At XBet, you will be able to wager on a wide range of different sports, and you will be able to place a teaser bet on NFL, and NBA.

XBet is quite sophisticated when it comes to teaser bets, and you can place bets on the half or quarter markets for NFL fixtures. You will also be pleased to find that XBet has plenty of betting content that will keep you in the know. This will show you how to place teaser bets, and you will also get the latest tips from the site’s in-house writers.

At present, XBet’s opening welcome offer is less than its rivals, as it consists of a $500 bonus with a 100% deposit match. Nevertheless, XBet has reloaded bonuses for existing customers, and there is also a Refer a Friends scheme, so once you join up, the site works hard to retain your loyalty.

Click here to join XBet.

Pros:

  • Deep range of markets to bet on
  • $500 welcome bonus
  • Plenty of useful betting content, including tips and guides
  • Good site to place a teaser bet for NFL matches

Cons:

  • Doesn’t offer live streaming

How to Place a Teaser Bet

So, do you want to know how to place a teaser bet? Let’s walk you through the process of how you can achieve this by using our top recommended sportsbook BetOnline as an example:

Step 1: Set up a BetOnline Account

To begin the process, you will need to head over to BetOnline and click ‘Join Now’. You will then be required to enter a few simple details, such as email, phone number, and date of birth.

BetOnline Create Account

Step 2: Verify Your Email

Before continuing, make sure you click on the link that will have been sent by the BetOnline team to verify your email address.

Step 3: Deposit Funds

Now, you will be able to top up your playing account by depositing funds. You can use a variety of payment methods, such as Bitcoin Cash, and Ethereum, and your bonus size will be determined by how much you deposit.

Make a Deposit to BetOnline

Step 4: Start Betting

Once you have completed all the above steps, head over to the sports lobby. Simply select the markets you wish to wager on, and place a teaser bet as you please.

how to place a teaser bet

Teaser Betting Tips

If you want to get better at making teaser bets, we suggest you follow these five handy tips:

Always be aware of home advantage – In most US sports, home advantage counts for a lot, so always factor this into your thinking when placing a teaser bet.

Look for the best odds – Some sites are more competitive than others when it comes to broadcasting odds. Ultimately, they should be fair, but give you the chance to get some bang for your buck.

Be selective – Don’t try and place multiple teaser bets if you don’t know what you are doing. Start slowly, and then place more teaser bets once you feel more confident.

Set a budget – Always make sure you don’t bet beyond your means. Once the fun stops, stop!

Use a Teaser bet calculator – Most reliable bookmakers will have a teaser bet calculator built in the site, so it will show any potential winnings you can make. Just enter the stake size, and the rest will be done for you.

Conclusion

A teaser bet, as we have seen, is very similar to parlay betting. Compared to other betting types, there is less risk involved, and as you can modify the point spread, you are in control.

Teaser bets, over time, have become more popular, so if you want to put your new found skills to the test, then make sure you sign up to BetOnline today to take advantage of their $1,000 welcome bonus.

FAQs

What is a teaser bet?

A teaser bet is very similar to parlay betting where you can place multiple wagers on one line. It is mainly used for NFL and NBA wagers, where punters can modify the points spread in their favor.

Is a teaser a good bet?

Yes, a teaser bet can be worthwhile. One of the main advantages, is that it adds to your probability of hitting your bets, while at the same time, keeping costs low.

What does a teaser pay?

Teasers can be rewarding, so the more teams you use, the higher the odds will be. A seven-game bet using six-point teasers, for example, pushes the odds to +1000 or 10/1, so if you bet $70, you could stand to win $700.

How does teaser betting work?

A teaser bet revolves around modifying point spreads, and you can move the spread in your favor. Typically, they will be offered for NFL and NBA at most sportsbooks. With NBA teasers, you will be able to move the spread on each selection up to 5 points in your favor.