Teaser Payout Chart

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Betting on the NFL is extremely popular, but not everyone is aware of how to wager it or how many different types of bets are available to make.

For the uninitiated, all of this information can be a bit overwhelming and even a little confusing. This article serves as a great tool to reference whenever you have a question about certain types of NFL bets.

NFL Odds & Betting Basics: Most Common Types of Wagers

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• Parlay payouts need to make up for these disadvantages in order to be successful. That's why parlay bettors must use our payout chart or the chart from their individual sportsbook before betting. 3) One advantage parlay betting does have is you can forecast how one game will play out and fill two legs of a two team parlay with the spread.

Point Spreads

Point spreads (also known as lines, spreads or sides) are the most common type of NFL wager. Every game has a favorite and an underdog of a certain amount of points.

This number is determined by an oddsmaker (or bookie). A negative number (-) will always represent the favorite, while the positive (+) number shows which team is the underdog. Let's look at an example:

Miami Dolphins +7.5
New England Patriots -7.5

Teams are always listed with the home team on the bottom and the visiting team on top. In the example above, the Patriots are favored by 7.5 points at home against the visiting Miami Dolphins, who are 7.5-point road underdogs.

If you were wager on the spread for the Patriots, they would need to win the game by 8 points or more. If you played on the Dolphins, they could either win outright or lose by 7 points or less. Point spreads will be listed as whole numbers (-3, +4, etc.) or in half-point increments (e.g. -7.5, +10.5).

Under typical circumstances you will need to add at 10 percent 'vig' or 'juice' to the amount you want to win on your wager. This increased risk is the house edge.

For example, if you want to profit $100 on a spread wager, you would need to wager $110. When the odds are listed as American odds, this is represented by a number after the spread (e.g. -110 = 10%).

Some books will adjust these numbers slightly, but the concept remains the same. A vig of -108 equals an 8% house edge, meaning to profit $100 you would need to wager $108.

If you look for multiple places to wager online, you can find lower juice on many of the games you want to wager. Our NFL odds feed provides side-by-side comparisons from a variety of top sportsbooks.

Our favorite book for betting point spreads is 5Dimes because they offer reduced juice, meaning you lay -105 instead of -110. Read our full review of 5Dimes to find out why it's such a great choice for NFL betting.

Money Lines

If you are more interested in simply betting who you think will win the game outright, you want to make a moneyline wager.

Of course, moneyline bets don't come without their own kind of risk. Wagering on the favorite will require you to risk more money. On the flip side, however, betting on the underdog will pay you out at a higher rate. Here is a sample moneyline:

Seattle Seahawks +270
San Francisco 49ers -330

Keep in mind that you are simply picking the winner of the game, regardless of what the point spread is, it will not factor into the result of your wager. Using the example above, you would need to wager $330 for every $100 you want to profit on the 49ers.

Now, if wanted to back the Seahawks, you would risk whatever amount you wanted to risk and if they were to win the game outright, you would be paid 2.7 times that risk amount. For example, a $100 wager would pay $270 on Seattle if they won the game outright. If they lost the game, you would only lose your original $100 wager.

Obviously, you are taking a risk by taking the favorite on the moneyline, however, without a point spread, the most likely outcome is that the favorite will win. With betting the moneyline on the underdog, your risk is somewhat diminished because of the potential return, but the likelihood of that team winning the game outright is not as likely.

If you are going to wager on money lines, then it's important to handicap a team's chances of winning the game and then compare it to the money line conversion chart here to see if it's a smart wager.

Totals

Totals (sometimes calle 'over/unders') are second only to the spread in terms of popularity. They are also one of the easiest types of wagers to understand. A linesmaker sets a number for the total points that will be scored in a game and you simply bet if you think the final score will be more (over) or less (under) than that number. A total would look something like this:

Buffalo Bills vs. Kansas City Chiefs
Over 45.5
Under 45.5

Teaser Payout Chart Nfl

So, the total here is 45.5 points. If you think the two teams will combine to score 46 points or more, you'd bet the over. If you expect them to score less than 45 points, you would bet on the under. The same as with betting point spreads, you will pay a vig (usually -110) on totals, unless you have an account with a reduced juice book like 5Dimes.

Exotic Pro Football Wagers: How to Bet Parlays, Teasers, Props & More

Parlays

If you group two or more plays together for an increased payout it is called a parlay. What makes parlays popular is the fact that the payoff is greatly increased if all of your wagers win.

The downside is that if just one of the games in the bundle loses, your entire parlays loses. You could hit five out of six of your parlay wagers and still lose money.

Note that books have calculated these odds in their favor, meaning you are playing at a disadvantage.

The house always has the advantage, so this is not meant to keep you from betting parlays, just be aware that you are definitely increasing your risk of losing by wagering on them. For your information, here is a typical payout table from a popular online sportsbook:

*Parlay Odds Courtesy of 5Dimes

However, if you bet on any game that isn't a straight -110 bet, you might need our free parlay calculator to see what you can actually expect for a return.

Teasers

Teasers are a form of parlay in which you 'buy' additional points on a point spread or total. For example, if the Ravens are listed at -10 and the Chargers are listed at -14, you could bet a two-team 7-point teaser that would give you the Ravens -3 and Chargers -7 at -120 vig (bet $120 to win $100).

You must win every bet in your teaser for it to be a winning bet. In the NFL you can typically bet 6, 7 and 10 point teasers on just about any number of teams. If you want more information on which situations are typically best for this type of bet check our NFL teasers guide.

Certain books have slightly different teaser payouts. Bookmaker is my favorite book for teasers and here is a look at their teaser table:

*Teaser Odds Courtesy of Bookmaker

Teaser Odds Chart

Props

Prop bets (short for proposition bets) are normally bets on how a certain player will perform or what will happen at a certain point in a game. A prop can basically be anything a book decides to put out.

You might bet on whether Tom Brady has more passing yards than Aaron Rodgers this week, or whether the coin flip in the Super Bowl will be heads or tails. Both of those wagers would be considered prop bets.

Futures

Betting on futures is typically going to be betting on a team to win a championship or division or conference. The most popular of course are the Super Bowl odds.

You might see something like the San Francisco 49ers at 9/1 (or +900) to win it all. This means if you take San Francisco and they win your bet pays out at 9 to 1 ($100 to win $900).

Of course if you make the bet and the 49ers don't win the title you lose the original bet. It seems like Bovada has the widest range of futures bets and prop bets to choose from.

Season Win Totals

Betting NFL season win totals means betting over or under a certain amount of wins in the regular season for a given team.

For example, odds makers may set the season win total for New England at 12. If you think the Pats will win more than 12 games this season, you would bet the over, less than 12 games, you would be the under.

Typically these bets are only available before the season starts, but occasionally you will find updated win totals around the half point of the season.

Halftimes & Quarters

You can also wager on the point spread or total for the first half, second half, or individual quarters of a game at many sportsbooks. These bets work the same as full game spread and total bets, but are adjusted for a smaller sample of the game.

For more tips and advice on this topic including halftime wagers, if-bets, reverses, pleasers and more, check out Lootmeister's how to bet on football page.

More How to Betting Guides:

Seasoned bettors are likely familiar with the teaser bet. But some beginning bettors might not know what these unique and exotic sports wagers entail. We are here to explain everything about a teaser bet; what it is, how it works, and the best way to use this option in your overall sports betting strategy.

Like a parlay, a teaser is a wager that involves multiple games -- two or more -- and you must be correct in all of the games in order to cash your ticket and win the bet. Teaser bets are most common in football and basketball -- the against the spread sports . What makes teasers unique, however, is that you get to adjust the odds in your favor. A typical NFL or college football teaser, for example, is six points. That means that you get to subtract six points the spread of a favorite and add six points to the spread of an underdog. For example, a -13 favorite would become -7 in a six-point teaser, while a +8 underdog would become +14.

Doc's Sports offers free NFL teaser picks and predictions every week of the pro football season. Check our homepage weekly during the season!

Teaser Sports Betting: Teaser Bet Explained

Online sportsbooks allow for up to 10-team teasers, or sometimes more, with odds greatly increasing, and some sportsbooks allow for up to 10-point to 13-point sweetheart teasers where a bettor drastically changes the line in exchange for drastically lower odds.

While football and basketball are the two main sports with which sportsbooks offer teaser bets, not all teasers are created equal. Just think about the numbers for a moment. The average NBA total is above 200 combined points for both teams. And the average NFL total is in the 40s. But the standard football teaser (at anywhere from -110 to -120 juice, depending on the sportsbook) allows you to move the spread six points for each matchup on the ticket, while a basketball teaser offers only 4.5 points at the same odds. There is obviously a lot more scoring in a basketball game, but you have to pay more for the extra points. That's why most sharp bettors stay away from basketball teasers and stick with six-point football teasers, which we will discuss in more detail later in this article.

How Does a Teaser Bet Work?

The payout in a teaser doesn't change because of the teams involved - the payout is at a fixed number depending on the number of teams and the number of points for each segment. Each sportsbook sets their own teaser odds, though, and they can vary widely from book to book. When you are placing a teaser bet, it's imperative to shop around to find the best payout odds for the number of teams you are betting. Some sportsbooks generally have better teaser payouts than others. Over the long run, a difference in payout can obviously make a big difference to the bottom line, so looking for the best deal is crucial. The odds you want for football teasers are -110 for a two-team, six-point teaser. However, many sportsbooks found that offering this juice opened them up to risk from sharp bettors, so many books raised their price to -115 or even -120 for this teaser bet variation.

Teaser Bet Tie or Push

This is the single biggest rule that you need to be aware of -- how the book handles ties or a push. There are four different ways that a book can handle it if one of your games ends exactly on the number. Some books treat a tie as a win. Others reduce the number of teams in the teaser by one -- if you bet a four-team teaser and have a tie and three wins, then it will pay off like a three-game teaser. Others will treat a teaser with a tie as no action -- they'll return your bet -- as long as you win your other bets. Finally, some books will treat a tie as a loss. Each of those is a very different situation and can affect your return significantly. You need to be aware of what the book offers and make sure that it fits your needs. There isn't necessarily one situation that is better than another, but you need to make sure that the potential return adequately reflects the risk you are taking.

NFL Betting Teaser with Example

Sharp bettors generally stay away from basketball teasers, as previously stated, and also normally avoid college football teasers in favor of NFL teasers. We already talked about the perils of hoops teasers, but for college football there are many more points scored in general than in professional football, removing the value out of the extra six points you get in a matchup. There are also more blowouts in college football. NFL betting lines are considered the sharpest in the sports betting industry, meaning the oddsmakers set the tightest lines on the games. So, therefore, getting the six points on a matchup creates great value for the bettor when many games end up close to the point spread. There are many NFL games where both sides of a teaser hit as well as both sides of the total. The following is an example:

7 Point Teaser Odds

Original Spread:

Kansas City Chiefs -10 vs. Las Vegas Raiders, Total 52

Final Score: Chiefs 30, Raiders 21

The Four Possible Six-Point Teaser Options:

Chiefs -4, Raiders +16, Over 46, Under 58

In this example, all six-point teasers for this game were a winner.

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Best Teaser Bets NFL: Basic Strategy Teasers

A popular strategy implored by most casual bettors is to tease favorites down so that they are closer to a pick'em and to tease a total down and take the over. A smarter strategy used by professional bettors is to make the most of the allotted points in the teaser. In what is known as a Basic Strategy Teaser or a Wong Teaser , bettors use the six points in the teaser to move the line past the two main key numbers in professional football, which are three and seven. An example of this would be moving a favorite of -8 down to a favorite of -2, thereby moving past the three and the seven, and moving an underdog of +2 points to +8. So many NFL games fall on these two key numbers, so moving the points past these key numbers gives the bettor a nice chance for profit.

Unfortunately for bettors, most sportsbooks raised the juice for a two-team, six-point Basic Strategy Teaser because the sharp bettors were consistently winning. The Expected Value was too great for the bettor at -110 vig. Therefore, the sportsbooks increased their juice on these Wong teasers to -115 or even -120 in some cases, removing most of the value and potential for long-term profit.

Are Teaser Bets Worth It?

It depends. Most smart bettors avoid NBA, college hoops and NCAA football teasers altogether. But I do know some sharp guys who use teasers in these sports on a regular basis with success. Personally, I play only NFL teasers, and, unless in very rare circumstances, I play only the Basic Strategy Teaser variety. I have found that I hit a high enough percentage of these bets that I can achieve profit even at -115 or -120 juice.