It used to take major action on one side of a game to move a line. Now the power to move a line is in the hands of the bettor thanks to the tremendously popular teaser bets. Teaser gambling allows the bettor to move the line a set amount of points in his favor when taking two or more teams.
In exchange for the points, the bettor has to pair at least two teams together, they must all cover for a win and the odds are lower as more points are used in the teaser. A bettor can increase odds in his favor by adding more teams to the teaser as well.
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In a teaser the points you move the line are the same on all the games you take on the teaser card. The most popular teasers are 6-point teasers in football and 4.5-point teasers in basketball.
For example, in a two-team, 6-point teaser in football a bettor can move the lines on the Steelers at -10 and the Cowboys at +3 to Steelers -4 and Cowboys +9. With most online sportsbooks the juice would be -110 or 10/11 odds. In a two-team, 4.5-point basketball teaser a bettor could take the Knicks at +5 and the Lakers at -10 and bet a teaser on the Knicks at +9.5 and the Lakers at -5.5.
Odds and rules change sportsbook to sportsbook but all plays in a teaser have to win to win the bet. One loss results in a loss while one push usually results in no action.
Teasers are offered in football and basketball where the point spread is the dominant form on betting. Teasers do not apply to baseball or hockey where money line betting is the preferred means of wagering.
Online sportsbooks allow for up to 10-team teasers or more sometimes with odds greatly increasing and some sportsbooks allow for up to ten-point to 13-point sweetheart teasers where a bettor drastically changes the line in exchange for drastically lower odds.
At Bodog a bettor can take a 10-team, 6-point football teaser with 25/1 odds. The site also offers sweetheart teasers, which in football are three-team 10-point teasers that pay 10/11 and four-team 13-point teasers that pay 5/6 (-120). In basketball the sweetheart teasers are three-team eight-point teasers at 10/11 and four-team ten-point teasers at 5/6.
Some sites including Bodog offer cross-sport bets for teaser gambling where you can select both football and basketball teams in one teaser. If you tease the football line by six points, the basketball line has to be teased by four points. And the same goes for 6.5 and 4.5 and points and also seven points and five points.
A popular strategy implored by most casual bettors is to tease favorites down so 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 Wong Teaser, bettors use the six points in the teaser to move the line over the key numbers in football, three and seven. An example of this would be moving a favorite of eight points down to a favorite of two points thereby capturing the three and the seven and moving an underdog of two points to plus eight.
There are as many strategies out there for teaser gambling as there are different types of teasers and odds. Some bettors use the simple strategy of avoiding teasers alltogether while others use them as a primary means of wagering.