DraftKings offers -120; FanDuel is at -134; the Kambi books use dynamic pricing that changes depending on which numbers you’re crossing. Those results capture the closing lines on all teams in those specific spread ranges. If you consider a few other factors (which I’ll get to later), you can potentially improve that percentage.
The following table shows the probability of winning and expected return against the William Hill odds for the random picker. The 2.5-point teaser card is available at MGM casinos only. According to the Wizard Teaser Equation, the probability of winning each leg is 57.93%. The right column shows the house edge ranges from 32% to 81%. Teasers are available on football and basketball as the range of odds can be moved up or down by several points.
We’ve covered these questions and more in the rest of the article. The success and popularity of Wong teasers has resulted in sportsbooks changing the rules of teasers and making a push and a win count as an overall loss. You will be paying a premium for two team 6-point teasers at any sportsbook in Las Vegas or online, so they aren’t as profitable as they once were. But then again, so is all sports betting if you have no edge.
Unfortunately, the sportsbooks were getting killed taking Wong teasers, especially when they had no idea how profitable the bets were. Wong focused much of his research on key numbers for NFL games and found that teasers would be an excellent way to exploit these situations. NFL games are decided by three points about 15 percent of time, and seven points about 8 percent of the time.
A Beginners Guide To Advanced Teaser Strategy
Each site also sets minimum and maximum withdrawal limits, so make sure you check what they are before requesting a payout. Everything I’ve said is predicated on the fact that you have access to fanduel Sportsbook & Casino On The App Store a reasonable teaser price. Paying anything greater than -130 heavily tilts the edge in the book’s favor. The same argument could be made for teasing teams that are +1.5 or +2.5 point underdogs. By teasing them up to +7.5 or +8.5, it becomes increasingly more likely that they will cover their particular spread because teams typically don’t lose by more than one touchdown. For those that are not familiar with betting NFL teasers, I will attempt to give you a quick rundown.
Betting Exchange – A betting platform where people wager against one another instead of betting against a sportsbook. The exchange operator takes a small percentage of winning wagers. This is often seen as the most efficient market for sports betting.
When Wong wrote about teasers back in 2001, game totals were much lower than they are now. Averaging 5.6 yards per play would have made you a top-five offense. Kickers have made 93.3 percent of their extra points this season. It was a 98.1 percent proposition in 2001 and 99.3 percent in 2014, the last season with the short PAT. There have already been 58 this season through seven weeks. The most commonly promoted teaser is known as the “Wong Teaser.” Named for Stanford Wong , this type of teaser was discussed in his 2001 book, Sharp Sports Betting.
In hockey, the puckline combines a 1.5 point spread with moneyline-style odds. For example if you saw the Toronto Maple Leafs listed at -1.5/+120 that means for a bet on the Leafs to win, they must win the game by at least two points. The second number refers to the money odds and means you’ll win $100 in profit for every $120 you bet.
Point Otb Teaser
If you win the bet, your payout will be the $ 100 win plus your original bet for a total of $200. If you chose to bet the over at -120, you would need to place a $120 bet to win $100 if the final score is 7 or more. If you win the bet, your payout will be the $100 win plus your original $120 bet for a total of $22O. With American odds, the number represented is how much you have to bet to win $100.
Most Common Types Of Teaser Bets
That’s why most in-person teaser betting is done with a teaser card. Let’s keep using our example from above, where you have a $100 wager on a two-team, six-point spread. Your teams both come out on top, so you cash out your teaser bet.