For anyone ready to learn, let’s dive into advanced teaser betting which is one the best ways to profit betting NFL football. What is a Teaser Bet. A teaser bet is a parlay bet that uses modified point spreads. For example: a 2-team 6-point teaser on Giants -8.5 -110 and Patriots +4.5 -110 gives you Giants -2.5 and Patriots +10.5 as a parlay.
Wong teasers, or commonly known as “basic strategy teasers” are one of the most popular forms of advanced strategy teasers for NFL bettors. In fact, the teasers became so effective that it changed the sports betting industry almost overnight and forced oddsmakers to adjust their lines across the board because of their success.
Who is Stanford Wong?
Nobody, really, the name is just a pen name for a series of sports betting books. However, Wong authored a book called Sharp Sports Betting in 2001, which has become one of the best books written on sports betting in history.
Sep 10, 2020 NFL regular season underdogs between +1.5 and +2.5 covered a 6-point teaser 74.8% of the time (311-105). And favorites between -7.5 and -8.5 also covered at exactly a 75% clip (177-59). That gives us a total of 488-164 or 74.8%, which clears the 72.4% hurdle rate. Those results are for all teams in those specific spread ranges. Jan 21, 2019 'Off the Board' (OTB) teasers are based on the current point spreads off the betting board at the time of the bet. No card is filled out. Instead, the bettor tells the writer the number of legs in the teaser, number of additional points on each leg, the bet numbers he wishes to parlay, and the amount of the bet. A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser. There are three main NFL teasers – 6, 6.5 and 7 point teasers. In a 6 point NFL teaser the line would be shifted by 6 points in the favour of the bettors play.
Wong focused much of his research on key numbers for NFL games and found that teasers would be an excellent way to exploit these situations. NFL games are decided by three points about 15 percent of time, and seven points about 8 percent of the time. Otherwise, the most common numbers of defeat are by margins of 10 and 6 points.
The reason for most games ending by three or 7 points is obvious. It is the number of points scored by a field goal and touchdown, respectively. Wong’s theory was that teasers, which move between the two key numbers of three and seven are the most profitable. He was right.
Wong Teasers Explained
A Wong teaser is a 6-point teaser that involves favorites of -7.5 to -8.5 and underdogs of +1.5 and +2.5. Since most games are decided by those key numbers if we can tease them down to fall within that range, it increases our chances to win a teaser bet substantially.
A typical two-team 6-point teaser at most offshore sites is listed at -110, making our breakeven percentage the standard 52.4 percent that we would need to hit to break even on the standard 10% juice.
Wong’s teasers knock this percentage out of the park, due the frequency of NFL games landing on these key numbers. To break even on these teasers you need to win your teaser wagers around 72.5 percent of the time. Over the past decade, Wong teasers wagers have regularly hit above that number, some as high as 76 percent. Of course, this is dependent on the odds that are available to you.
Here’s what a typical 3-team 6-point Wong teaser would look like:
Pittsburgh Steelers +2.5
New York Giants +1.5
Jacksonville Jaguars -8
That turns into:
Steelers +8.5
Giants +7.5
Jaguars -2
Wong Teasers Today
Unfortunately, the sportsbooks were getting killed taking Wong teasers, especially when they had no idea how profitable the bets were. As of 2013, the ability to make money using these bets is a lot tougher, and if you do beat the books using these bets, there is a exceptionally strong chance your action will be limited.
Not only have two team 6-point teasers now an increased price, -110 is the best price you will find at most sportsbooks with 5Dimes being one of the only books to still offer +100. In Las Vegas, you will be paying -120 at minimum and -130 at some sportsbooks for the same two team 6-point teaser.
How To Calculate Nfl Teasers
It also speaks to the success and popularity of Wong teasers that have caused bookmakers across the world to try and stay out the range of Wong’s. Numbers between 7.5 and 8.5 and 1.5 and 2.5 are much less common than they were even five years ago. Some books go even further, changing the rules of teaser and making a push and a win count as an overall loss. This is still somewhat uncommon, and few books grade pushes as a loss.
Nfl Teaser Bet
Our teasers article is extremely helpful in finding the best odds online and explaining teasers a bit further. While bettors still may be able to profitably bet Wong teasers at some shops the risk of being limited is high, even if you can find decent odds. Still, Wong teasers are perhaps the most profitable bet in NFL betting history.