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Teaser Bets and Sports Betting 

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The Teaser Bet

A Teaser is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determines the payout odds. A “Tie” or “No Action” and a “Win” on a two team teaser shall constitute a “No Action” wager. A “Tie” or a “No Action” and a “Loss” on a two team teaser shall constitute a “Losing” wager.

Ties on a three or more team teaser shall revert to the next lowest betting bracket. (Example: A tie on a three team becomes a two team teaser.)

Teaser Bet Example

An example of a teaser wager is as follows. For our example, let us say you wish to choose three football teams: Denver -7, New York -3 and Chicago +15. The payout of the wager is dependant upon how many points you wish to receive. Let us choose a 3 team 7 point teaser. If we look at the chart below, this wager is listed as 12/10, which means we will win $12 for every $10 that we wager. The point spreads are adjusted as follows:

  • Denver -7 plus the adjusted seven points = Even
  • New York -3 plus the adjusted seven points = +4
  • Chicago +15 plus the adjusted seven points = +22

Therefore, if each and every one of the three teams wins against the adjusted spread, you win $12 for every $10 you wager.

Teaser Payouts for Basketball and Football
Football – Points 6 6.5 7
Basketball – Points 4 4.5 5
2 teams 10/11 10/12 10/13
3 teams 16/10 14/10 12/10
4 teams 25/10 20/10 18/10
5 teams 40/10 35/10 30/10
6 teams 60/10 50/10 40/10
7 teams 90/10 80/10 70/10
8 teams 140/10 120/10 100/10
9 teams 200/10 150/10 120/10
10 teams 250/10 200/10 150/10
11 teams 350/10 250/10 200/10

3 Team 10 point Football and 7 Point Basketball Teasers Odds are 10/12 –Ties Lose

If Bets Explained

IF Win bets are great options for money management. You bet a fixed amount on one team, if that team wins, then the same amount as your original bet is placed on a different team of your choice.

IF Bet Example

For example: You have a 2 team IF Win Bet for $11 on the Bears and Giants. If the Bears win, you risked $11 to win $10 and now another $11 wager is placed on the Giants. If they win, then you win another $10 for a total of $20 in winnings. If the Giants lose, then you have lost $1 because you won $10 on the Bears and you lost $11 on the Giants. If the Bears lose, then you have lost your original $11 and there is no bet on the Giants.

Four Team IF Bet Payouts
  Bears Giants Rams Cowboys Grand Total
Risk $11 $11 $11 $11 $11
To Win $10 $10 $10 $10
Scenario 1 Win Win Win Win
Result +$10 +$10 +$10 +$10 +$40
Scenario 2 Win Win Win Lose
Result +$10 +$10 +$10 -$10 +$19
Scenario 3 Win Win Lose No Bet
Result +$10 +$10 -$11 +$9
Scenario 4 Win Lose No Bet No Bet
Result +$10 -$11 -$1
Scenario 5 Lose No Bet No Bet No Bet
Result -$11 -$11

The first wager has to win for you to have action on the remaining wagers. If the first wager loses, there is No Action thereafter. Place 2 to 7 teams in an IF Win bet.

How is an If Action Bet Different?

The simple difference between an IF Win bet and an IF Action bet is in an IF Win bet the first wager has to WIN for the next wager to have action. In an IF Action bet each wager must WIN or PUSH (tie) for the next wager to have action. The PUSH (tie) would result in neither a win nor a loss for you on that particular game and we would continue on to the next wager in your bet, whereas, in an IF Win bet the bet would have been stopped at the Push.

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