Teaser Bet Calculator: When Extra Points Add Real Value

Teasers let you buy points on multiple selections, moving spreads in your favor. Our calculator shows exact payouts and helps you identify when teaser points genuinely improve your expected value versus regular parlays.

What Is a Teaser Bet?

A teaser is a parlay where you get additional points on each selection. You must win all legs, but the spreads are adjusted in your favor.

Quick Answer: A standard 6-point football teaser moves each spread by 6 points (e.g., -7 becomes -1). A 2-team, 6-point teaser typically pays -110 (bet $110 to win $100). Teasers are valuable when crossing key numbers (3 and 7 in football). The "Wong teaser" strategy focuses on favorites -7.5 to -8.5 and underdogs +1.5 to +2.5.

How to Use Our Teaser Calculator

Use the Teaser Bet Calculator →

Enter your selections and teaser points to see adjusted spreads and payouts.

Step-by-Step Instructions

1. Select Number of Teams: 2-team minimum

2. Choose Teaser Points: 6, 6.5, 7, or 10 points

3. Enter Original Spreads: Pre-teaser lines

4. View Adjusted Spreads: New teased spreads

5. See Payout: Based on teaser size

Input Fields Explained

Field	Description	Example
Teams	Number of legs	2
Teaser Points	Points bought	6
Leg 1 Spread	Original line	-7.5
Leg 2 Spread	Original line	+2.5
Adjusted Leg 1	Teased line	-1.5
Adjusted Leg 2	Teased line	+8.5

Standard Teaser Payouts

Football Teasers

Teams	6 Points	6.5 Points	7 Points
2	-110	-120	-130
3	+150	+140	+130
4	+250	+220	+200
5	+400	+350	+300
6	+600	+500	+450

Basketball Teasers

Teams	4 Points	4.5 Points	5 Points
2	-110	-120	-130
3	+150	+140	+120
4	+250	+220	+180

The Wong Teaser Strategy

Key Numbers in Football

Certain margins occur frequently:

Margin	Frequency
3 (field goal)	~15% of games
7 (TD)	~9% of games
6	~5% of games
10	~5% of games

Wong Teaser Criteria

Named after Stanford Wong, this strategy identifies +EV teasers:

For Favorites:

• Original spread: -7.5 to -8.5
• Teased to: -1.5 to -2.5
• Crosses through 7 AND 3

For Underdogs:

• Original spread: +1.5 to +2.5
• Teased to: +7.5 to +8.5
• Crosses through 3 AND 7

Why Wong Teasers Work

Original	Teased (6 pt)	Keys Crossed
-7.5	-1.5	7, 6, 3
-8	-2	7, 6, 3
+1.5	+7.5	3, 6, 7
+2	+8	3, 6, 7

Crossing both 3 and 7 captures ~24% of game outcomes.

Teaser Math Deep Dive

Break-Even Win Rate

For a 2-team teaser at -110:

Required win rate per leg = √(1.10/2.10) = 72.4%

Each leg must win 72.4% for break-even on 2-team -110 teaser.

Wong Teaser Expected Win Rates

Spread Type	Straight Win %	Teased Win %
-7.5 to -1.5	48.5%	72-74%
+2 to +8	51.5%	74-76%

Wong teasers achieve the required ~72% win rate.

Real-World Examples

Example 1: Classic Wong Teaser

Game 1: Chiefs -7.5 Game 2: Bills +2

6-Point Teaser:

• Chiefs -1.5 (crosses 7, 6, 3)
• Bills +8 (crosses 3, 6, 7)
• Bet $110 to win $100

If Chiefs win by 2+ and Bills lose by 7 or less: WIN

Example 2: Non-Wong Teaser (Worse Value)

Game 1: Patriots -3.5 Game 2: Eagles -4

6-Point Teaser:

• Patriots +2.5 (crosses 3 only)
• Eagles +2 (crosses 3, 4 only)
• Same -110 payout, less value

Only crosses one key number each—worse EV.

Example 3: Three-Team Teaser

Game 1: Cowboys -7 Game 2: Rams +2.5 Game 3: 49ers -8

6-Point Teaser:

• Cowboys -1
• Rams +8.5
• 49ers -2
• Bet $100 to win $150

More legs = more variance, but crosses keys on all three.

Teaser Optimization Strategies

Optimal Teaser Sizes

Sport	Best Teaser Size	Why
NFL	6 points	Crosses 3 AND 7
College FB	7 points	More variance, need extra
NBA	4-5 points	Different key numbers

When to Use Teasers vs Parlays

Situation	Better Option
Crossing key numbers	Teaser
Large favorites	Teaser
Plus-money underdogs	Parlay
Non-key number spreads	Parlay

Sweetheart/Monster Teasers

Some books offer 10-13 point teasers:

Type	Points	Typical Odds
Standard	6	-110
Sweetheart	10	-120 (3 team min)
Monster	13	-130 (3+ team min)

Sweetheart teasers often have better value than standard 3+ leg teasers.

Common Teaser Mistakes

1. Teasing Non-Key Numbers

Mistake: Teasing -4 to +2 Problem: Doesn't cross 7 or 3 (on favorite side) Fix: Only tease through key numbers

2. Too Many Legs

Mistake: 5 or 6 team teasers Problem: Compounding probabilities destroy value Fix: Stick to 2-team teasers primarily

3. Basketball Teasers

Mistake: Using football logic for basketball Problem: Basketball doesn't have the same key numbers Fix: Basketball teasers are generally -EV

4. Teasing Totals

Mistake: Including over/unders in teasers Problem: Totals don't have key numbers like spreads Fix: Only tease spreads

Frequently Asked Questions

Are teasers better than parlays?

When crossing key numbers (Wong teasers), 2-team teasers can be +EV. Random teasers are usually worse than parlays.

What happens if a teaser leg pushes?

Most books reduce the teaser by one leg. A 2-team teaser with a push becomes a straight bet at -110.

Can I tease totals?

Technically yes, but totals don't have key numbers like 3 and 7. Teasing totals is almost always -EV.

Is the extra half-point worth it?

Going from 6 to 6.5 points costs you 10+ cents. Rarely worth it unless landing exactly on a key number.

Do teasers work for basketball?

Poorly. Basketball doesn't have as pronounced key numbers. Most NBA teasers are -EV.

What's the best number of legs?

Two. Each additional leg compounds the probability requirement, usually destroying value.

Teaser Payout Calculation

Formula

Payout = Stake × (Odds + 100) / 100  [for positive odds]
Payout = Stake × (100 / |Odds|) + Stake  [for negative odds]

Example: 2-Team at -110

Stake: $110 Payout: $110 × (100/110) + $110 = $100 + $110 = $210 Profit: $100

Advanced Teaser Concepts

Reverse Teasers (Pleasers)

Move the line AGAINST you for higher payouts:

Type	Move	Payout
6-point pleaser	-6 each leg	+600
7-point pleaser	-7 each leg	+1000

Pleasers are almost always -EV—avoid them.

Ties Win vs Ties Lose

Rule	Impact
Ties win	Slight player advantage
Ties lose	Significant house advantage
Ties push	Standard (leg removed)

Look for "ties win" teaser rules when available.

Pro Tips

• Stick to Wong criteria: -7.5 to -8.5 favorites, +1.5 to +2.5 dogs

• Two teams only: More legs destroy value

• NFL focus: Football has clearer key numbers than other sports

• Track results: Verify your teasers hit the 72%+ required rate

• Shop for rules: Ties-win rules add significant value

Related Calculators

• Point Spread Calculator - Standard spread betting
• Parlay Calculator - Non-teased parlays
• Odds Converter - Format conversion
• Expected Value Calculator - EV analysis
• Moneyline Calculator - Straight win bets

Conclusion

Teasers can be +EV when strategically crossing key numbers—specifically 3 and 7 in football. Our calculator shows adjusted spreads and payouts for any teaser combination. Follow Wong teaser criteria for the best value: 2-team, 6-point teasers crossing through both key numbers.

Calculate Your Teaser Bets Now →

Most teasers are sucker bets—but Wong teasers are among the few consistently +EV opportunities in sports betting. Stick to the criteria, track your results, and let the math guide your selections.