A Closer Look At Teaser Bets

Almost every New Zealand punter knows about teaser bets, even if they don’t totally understand them. In a nutshell, a teaser bet is a combination bet which can be wagered on a number of games, hopefully resulting in a profit in the long run. A teaser bet is a great way to hedge your bets proving a safer wagering experience. A teaser bet is basically a modified parlay bet which uses a particular scoring equation.

Grasping Teaser Odds

Teasers use fixed pay outs, and it is quite difficult for the average New Zealand punter to decipher the odds on a particular team.  For example, a 3-team 6-point teaser that will pay +180 is actually the same as a parlay bet , in which all three teams are priced at -244. You can buy six points from most sports betting sites with this, but instead of the odds being -105 or -110, they give the punter -244.

At this point, we need to look at the maths which is involved in teaser bets. The teaser could be purchased at +180, using the odds converted it was determined the implied probability or required break even percentage on a +180 bet is 35.71%.

This is basically how often all the teams have to win in order to break even for the punter. This was worked out by converting 35.71% to a decimal of 0.3571. We then need to work out what number times itself three times equals this number. This can be done on a scientific calculator where we enter 0.3571 and see the cubed root is 70.95%. From here we can see that we need each team to win at least 70.95% of the time in order to achieve the overall 35.71%.

This all may sound hugely complicated, but it is incredibly necessary to grasp how this all works if you wish to place a successful teaser bet. As you can see, teasers are not for novice punters.

Teasers and Blind Bets

Teasers make fantastic blind bets if you have a good idea of how they work. It has been said time and time again that one should not even attempt to place bets unless one totally understands not only how the sports works but how the betting system works too.

An example of a teaser working as a blind bet is NFL underdogs +1.5 to +2.5 and NFL favourites -7.5 to -8.5. Using these odds in 3-team 6-point teasers at +180, and keeping a close eye on your bankroll you can easily make back what you spend in the long run, as well as turn a decent profit.

Shop Around

As with all sports betting, it is still a good idea to shop around in order to find the best deal. Not all online sports betting sites offer the same line odds, and a number of them may even offer specials for joining up or using a particular device. Use moneylines as a guide for gauging teaser bets. This is one of the most effective methods of working out whether the teaser is a good one or not.

Often online sports betting sites will have a built in odds converter, but again, look around until you find the converter which you not only understand the best but also pays in your favour.