Like shopping around for the best standard lines and the best parlay prices, you want to do the same with the teasers market. There are industry standards that have been set and then sportsbooks deviate a little bit based on their risk profile. Sportsbooks offer different payout prices on teasers, much like they do on parlays. So, on your two-team teaser, you would have Packers +8 and Steelers PK, when the original lines were +2 and -6. Playing a six-point teaser with the Steelers would drive that number down to a pick ‘em. You get +3, +4, +6, and +7, which are all key numbers in the NFL. Putting a six-point teaser on the Packers would drive that line up to +8. Let’s say that the Packers are a two-point underdog. The way a teaser works is that the bettor will add a certain number of points to the line in order to get a more favorable situation. These bet types can be very profitable in certain situations, but, as the name suggests, sometimes they can just be a great, big tease.
More often than not, you’re going to see 6, 6.5, and 7 point teasers in football and anywhere from 4-6 points in basketball. The industry standard is to allow teasers from 6-13 points on football and 4-10 points on basketball.
In a teaser, you sacrifice some of the payback in order to get a better line.
