5 Reasons Why Teaser Bet Are a Bad Idea

Overview

The bookmakers are fully aware of this and have created what I would call “trick plays” in order to extract more money from you. The teaser bet is an example of one of these trick plays. It offers higher odds and easier wins, but is it really worth it when the numbers are crunched?

In this article, it contains what a teaser bet is and why you should consider twice before adopting it into your overall plan.

What is Teaser Bet?

If you’re inexperienced with teaser bets, the first thing you need to know is that you must win numerous games in order to win your wager. Having said that, there is an advantage for the bettor in the way the odds are modified.

The most common example would be a football game. The standard is a two-team, six-point teaser.

This is How It Works:

In each game, you gain extra points on top of the normal spread. If the Patriots were -10 and the Falcons were +3, the revised odds would be Patriots -4 and Falcons +9. Obviously, these are a big aid in winning the wager. In almost all circumstances, you’ll be seeking for the standard -110 odds.

Although you are getting a much better point spread, keep in mind that you must win both games in order to pay in. This creates a dilemma that sports bettors, particularly those who bet on the NFL on a regular basis, are all too aware with

 

For the reasons listed below, it is advised to utilize teaser bets rarely, if at all.

1 - The Odds Aren't In Your Favor

Sportsbooks and online sports betting services understand that the great majority of gamblers will not study the figures to see if they are receiving a better deal on a particular play. You may be surprised to learn that parlays are really favored by the casino until you reach four or five different bets where winning is exceedingly unlikely.

Here are the pertinent figures:

To be profitable betting ordinarily, which means a single bet with a -110 vig, you must win 53% of the time. It’s a tall order, but some bettors can reach this figure. When it comes to teaser bet, you must win 73% of the time in order to be profitable.

2 - The Points Aren't as Important as You Think

Some of the bettor are obsess over a single point or half-point in the spread. Sure, it comes into play at times, but the great majority of games are decided well outside the spread.

Getting six extra points with a teaser bet is nothing to laugh at, but it’s crucial to examine if it’ll be a factor in both games that comprise the play. The reality is that you’re taking a significant risk, which means you must win both games or lose the wager in exchange for the extra points.

Keep track of which games would have been affected by the 6 points the next time you sit down for an NFL Sunday slate of games. You might be astonished to learn that there are only a few each week, implying that most gamblers would be better off playing the games the old-fashioned manner.

3 - There Are Simply Better Alternatives

The true case against teaser bet isn’t so much about pointing out weaknesses as it is about considering alternative plays that could be made instead. Without a doubt, there is significant value to be found elsewhere.

  • To begin, you’re better off betting on the spread without the teaser bet. You might theoretically lose every single play if you go 5-5 on the day but wager only teasers. You’d be close to even if you just bet the games individually.
  • Second, if you’re using a teaser bet, you’re most likely overlooking the opportunities given by moneyline underdogs.

The basic reality is that successful gambling necessitates a high level of risk tolerance. You must understand that you will fail a large proportion of the time. The objective is to maximize your victories while hoping that your losses be countered.

Remember that the win/loss categories aren’t as important as the financial side of things. Attempting to obtain quick wins, such as via a teaser bet, almost always advantages the house.

4 - Think about why they are being offered

Sportsbooks establish their odds with some awareness of public bias in mind, just as they develop betting alternatives with the same thing in mind.
Parlays and teaser bet are two kinds of bets given in the intention of luring consumers looking for quick wins.  Simply said, be astute enough not to fall for the bait. Another case of “if it looks too good to be true, it probably is.”

When it comes to sports betting, especially the NFL (where sportsbooks receive a lot of volume and have a lot of incentive to get the most out of gamblers), there is no such thing as a “gimme.” If you believe you’ve found one, you’re probably mistaken.

5 - It's a high-stake bet

It’s difficult to go 2-0. In this situation, going 2-0 on the day requires going 4-0 if teaser bet are used.

You’ll feel good about your plays if you finish 3-1 in the first round of games on an NFL Sunday. You’re up a lot and can play the nighttime games with home money. With teaser bet, you may go 3-1 on the day and wind up marginally down. In my perspective, any time you put yourself in a situation where three victories and one defeat results in a financial net loss, you’ve made a mistake.

To emphasize the argument, consider the implications of playing teaser bet on a regular basis. It’s simply too tough to win consistently if every wager you place requires you to precisely forecast two outcomes of an inherently uncertain game. You may conclude the NFL weekend properly picking eight of the twelve games if you use teaser bet. Normally, this would be a fantastic and profitable weekend. If you bet teasers, an 8-4 record (meaning you played six teasers) could result in two wins and four loses. That is simply not a winning formula.

Conclusion

Teaser bet make you feel good when you win a wager. You appear to be stealing money from the sportsbook with an extra 6 points on your side. The reality is far more subtle, and it’s critical that you don’t misinterpret your decision.

Parlays and teaser bet are popular in sportsbooks. In the former, people are attempting to maximize their money while failing to recognize the risk. People in the latter are attempting to maximize their number of victories while ignoring the risk. It’s always preferable to bet straight up and let the chips fall where they may.