Teaser bets are very popular in football and basketball betting.
With a traditional teaser bet, you are essentially creating a parlay (two or more games) while shifting the spreads for each game in your favour.
For instance - let's say that you choose to do a six-point teaser on two NFL games. Here are the two games that you choose:New England Patriots +3 vs Denver Broncos, -3
Kansas City Chiefs -4 vs Cincinnati Bengals +4
In both cases you like the underdog.
So, your two-team teaser would look like this:
New England Patriots +9 vs Denver Broncos -9
Kansas City Chiefs -10 vs Cincinnati Bengals +10
So, you are taking the Patriots +9 and the Bengals +10 in your teaser bet.
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Now, what would be the teaser odds for this bet?
It depends on the sportsbook.
Most books will price a two-team, 6 point teaser at -140, though it can fluctuate (some books will offer it at -130 or even -120).
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Teaser odds, as mentioned, are also very popular with basketball bettors.
With a two-team basketball teaser, you might add 5 points to both of your preferred sides.
So, if you liked the Lakers -3 and Knicks +5, your teaser odds would be Lakers +2 and Knicks +10 in a two-team teaser.