Teaser Parlay Odds

When placing a parlay bet online, the bet slips automatically calculate your combined parlay odds, and the potential payouts once you have entered your stake. Types of parlay bets. The most popular types of parlays are Against the Spread Parlays and Teasers but you can parlay many different types of bet and even a mixture of bets in the same. 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. Unlike regular teasers, these generously large teasers will result in a.

1. Teaser Parlay Odds Payouts
2. What Are The Odds On A Teaser
3. 6 Point Teaser Parlay Odds
4. William Hill Big Teaser Parlay Odds
5. Teaser Payout Chart
6. Vegas Teaser Parlay Odds

I can’t count the number of times I’ve heard a friend exclaim, “I almost hit the big parlay! I only missed it by one play.” Unfortunately for them, whether they hit on nine out of 10 legs in a parlay or zero out of 10, the end result is the same regardless.

The answers are many in number, and none are very convincing. In this article, I’ll lay out the four major reasons why teasers and parlays are almost never a good bet at online sportsbooks.

1. The Odds Are in the House’s Favor

Risking only a few dollars for the chance at winning 50x your initial bet seems like something that the sportsbooks would fear.

The surprising reality is actually the exact opposite. The house loves to see people taking the risk of trying out parlays.

If you doubt this notion, ask yourself why promotional material for online sportsbooks almost always talks about parlays and their potential.

To understand why the sportsbooks love parlays, you need to take a closer look at the numbers. According to a UNLV research study that was conducted over a span of 27 years, from 1992 to 2019, the house-made a killing from parlays.

The study above focused on the concept of the “hold.” The hold is a term used to describe the percentage of money that a sportsbook makes after all bets on a given event have been paid out. This begs the question: What is the typical “hold” for a regular sports bet, and how does it change in comparison to parlays?

Obviously, there are some individual factors like the skill (or lack thereof) of the person making a bet, but the data is simply undeniable. This is a major reason why successful gamblers almost never advocate for using parlays on a regular basis.

Don’t get me wrong, you don’t need to remove parlays entirely from your gameplan, but they should only be used sparingly.

Think of a parlay like a lottery ticket. You wouldn’t spend a significant amount of money on a ticket, and you shouldn’t be buying them every day, but it is okay to take a flyer now and then. Treat it as a novelty, and at the very least, you won’t become a parlay victim.

2. It’s Just Hard to Win Two (or More) Bets

If you’ve been betting on sports for any real amount of time, this critique of parlays and teasers will likely hit close to home. To put in bluntly, it’s hard to win multiple bets.

Even the best sports gamblers in the world win at a rate that falls short of 60%. That means your average amateur bettor is extremely lucky if he or she can manage a 50-50 winning percentage.

The reasons parlays can be so detrimental to your betting strategy if they’re overused just comes down to numbers. Theoretically, you could win two-thirds of your picks, but if you’re using three-leg parlays as your primary method, you’re going to win exactly $0.

Even if you typically stick with the safest parlay, one with two legs, you’re still putting yourself at a high risk of coming out with no winnings whatsoever.

• Imagine Gambler 1 picks 10 NFL games and gets half of them right. If all the games are part of parlays, there’s a real chance he’s going to come out of the day empty-handed.
• Next, consider Gambler 2, who picks 10 NFL games and also gets half of them right. Since he played each game individually, he’s only down 10% due to the vig.

What’s the lesson here? For many people, the wins cover or nearly cover the losses. With a parlay, one winning game doesn’t mean anything at all if the others on the ticket don’t hit.

To reiterate, correctly picking games is hard. Don’t waste your wins because you picked another game incorrectly.

3. Teaser Bets Don’t Have Enough Value

On the surface, teasers look like an attractive betting option that feels easier to win than a straight-up parlay. However, as with most betting options that almost feel too good to be true, the reality of the situation is that the house loves when bettors take the bait.

If you’re unfamiliar with teaser bets, they’re somewhat of a hybrid between alternate lines or spreads and parlays. You must hit on all the games in the teaser to win money, but the spreads are usually more favorable.

The situation I laid out above is what makes the teasers seem like sure-thing propositions. Unfortunately, there are a few issues that often get overlooked.

1. You have to consider the value of the 6 points. It undoubtedly is helpful to get the extra points, but how often would they be the difference between winning and losing? The answer is that it’s not as often as you might think.
2. You need to consider the odds of the teaser itself. Whereas in a parlay bet, you would win a payout of 13/5 (for example, $130 on a $50 bet would mean you would end up with $180 in your pocket), in a teaser, things are much more modest.

For a 6-point, two-team teaser, you’ll likely be looking at odds in the -110 to +110 range. While these aren’t necessarily awful odds given the 6-point cushion you have on the spread, it’s still important to keep in mind that like a parlay, you need to win both games to hit on your bet.

As you add more games to a teaser bet, which many people do, the payouts do increase, but so does the risk. If you’re of the belief that getting the extra points means a safe bet, you could be in for a rude awakening when you discover how often a game goes the opposite of what you predicted.

4. Consider Why They Even Exist

One thing that all sports bettors (or even just gamblers in general) need to realize is that the house does not set up betting options that won’t eventually help them profit. They’ve run the numbers, and even when a few lucky players do hit on low-risk, high-reward bets, things will still turn out in their favor.

Due to the juice (or “vig,” whichever term you prefer), sportsbooks are all but guaranteed to make a profit. With that being said, they’re always looking for extra ways to squeeze more money out of gamblers. Parlays and teasers are simply an extra way to get another leg up on the public.

Conclusion

Few things in the world of sports betting are as tempting as putting down some money on a multi-leg parlay and hoping to hit it big.

With every story that comes out about someone who turned $50 into $50,000 through a lucky week wagering at NFL betting sites, most people can’t help but think, “That could have been me!”

Teasers and parlays are a fun diversion from regular methods of betting. But if you’re going strictly by the data, a regular moneyline or spread bet is going to give you the best chance of long-term success.

A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games.^[1] The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.

A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.

There are two types of teasers. The first kind, known as a 'Super Teaser,' 'Special Teaser,' 'Big Teaser,' or 'Monster Teaser, ' allows the bettor to choose three, four, or in some cases five teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return, the bettor will receive less money than the one risked in the bet.

Teaser Parlay Odds Payouts

The second type of teaser, known as a 'Vegas Teaser,' or simply a 'Teaser,' is more of a combination between a parlay and the first teaser explained. In this case, the bettor will receive fewer points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from two to 15 in some cases), the higher the payout will be.

Example[edit]

Super Bowl XLV: Pittsburgh vs. Green Bay

Normally, if these bets are played together as a parlay, a bettor will win $260 on a $100 bet. However, with a teaser, the bettor will win $100 on a $110 bet, 10 to 11 odds. The reasoning is that one will get 6 points to adjust the spread (in either direction).

If one bets on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).

If one bets on Green Bay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).

Bet on the over and the line is 39.5 (45.5 - 6).

What Are The Odds On A Teaser

Bet on the under and the line is 51.5 (45.5 + 6).

Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, one must hit all aspects of the bet to win.There is still debate among experienced sports bettors if teasers are good wagers or not. Opinions vary on the subject, with some believing they are poor option, while others believe they are worthwhile, especially as more games tend to fall close to the point spread.^[1]

Many sportsbooks also offer teaser cards (similar to parlay cards). In most cases, teasers must involve 3 or more teams, and spreads and totals have half points to avoid ties. Cards are usually printed in the morning (Every Wednesday morning for football) and the lines on the cards are fixed, though the book reserves the right to take the games off the board.

6 Point Teaser Parlay Odds

See also[edit]

William Hill Big Teaser Parlay Odds

Teaser Payout Chart

References[edit]

Vegas Teaser Parlay Odds

1. ^ ^abMoody, Allen. 'Sports Betting - How to Bet Teasers'. Archived from the original on 2008-09-30. Retrieved 2018-06-26.