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Sports Betting: Teaser Bets and Payouts

By Loot, Sports Handicapper, Lootmeister.com

Teasers are bets where you pick multiple teams. All of them must cover the spread for you to win, but with teasers, you get to move that spread in your favor. Teasers can only be placed with sports that involve a point-spread, so we’re talking about basketball and football here. Examples are always useful. Here are some point-spreads as you might see them on the betting board:

Los Angeles Lakers -7

San Antonio Spurs -4

New York Knicks -2.5

Let’s say you were to make a 3-team teaser using these 3 teams. The more popular teasers in basketball are of the 4, 4.5, and 5-point variety. Let’s say you made a 5-point teaser. The point-spreads would be moved 5 points in your favor with each team you selected. So, it would now look like this:

Los Angeles Lakers -2

San Antonio Spurs +1

New York Knicks +2.5

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With teasers, all teams need to beat the adjusted spread for you to win. A $100 teaser in the above 3-team/5-point teaser would pay out $150 in winnings. Sportsbooks can vary on some of this, namely their exact payout schedule and other major concerns like whether a tie results in a push or a loss. Here are the general payouts on basketball teasers:

4-Point Teasers
2-Team: 1-1
3-Team: 9-5
4-Team: 3-1
5-Team: 5-1
6-Team: 7-1
7-Team: 10-1
8-Team: 15-1
9-Team: 20-1
10-Team: 25-1

4.5-Point Teasers
2-Team: 10-11
3-Team: 8-5
4-Team: 5-2
5-Team: 4-1
6-Team: 6-1
7-Team: 9-1
8-Team: 12-1
9-Team: 15-1
10-Team: 20-1

5-Point Teasers
2-Team: 5-6
3-Team: 3-2
4-Team: 2-1
5-Team: 7-2
6-Team: 5-1
7-Team: 8-1
8-Team: 10-1
9-Team: 12-1
10-Team: 15-1

In football, both college and pro, the more popular teasers are 6, 6.5, and 7-point teasers. Here is an example. These are the point-spreads you see on the betting board:

Oakland Raiders +4

Arizona Cardinals +5.5

New York Giants -3

If you were to make a 6.5-point teaser on these three teams, the spreads would change to look like this:

Oakland Raiders +10.5

Arizona Cardinals +12

New York Giants +3.5

All three teams would have to cover the adjusted spread for this bet to win. On a 3-team/6.5-point, a $100 teaser would win $160 if successful. Here are the standard payouts on football teasers.

6-Point Teasers
Two-Team Teaser: 10/11
Three-Team Teaser: 9/5
Four-Team Teaser: 3/1
Five-Team Teaser: 9/2
Six-Team Teaser: 6/1
Seven-Team Teaser: 10/1
Eight-Team Teaser: 15/1
Nine-Team Teaser: 20/1
Ten-Team Teaser: 25/1

6.5-Point Teasers
Two-Team Teaser: 10/12
Three-Team Teaser: 8/5
Four-Team Teaser: 5/2
Five-Team Teaser: 4/1
Six-Team Teaser: 11/2
Seven-Team Teaser: 9/1
Eight-Team Teaser: 12/1
Nine-Team Teaser: 15/1
Ten-Team Teaser: 20/1

7-Point Teasers
Two-Team Teaser: 10/13
Three-Team Teaser: 7/5
Four-Team Teaser: 2/1
Five-Team Teaser: 7/2
Six-Team Teaser: 5/1
Seven-Team Teaser: 8/1
Eight-Team Teaser: 10/1
Nine-Team Teaser: 12/1
Ten-Team Teaser: 15/1

For you teaser fantatics out there that are in love with moving the line as much as possible, you can bet 20 point teasers at 5Dimes Sportsbook.

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