Before you read this section on teasers and pleasers, it’s imperative that you have a complete understanding of how basic parlays work.
If you’re a bit rusty on them or not totally sure on the particulars, take a quick minute and read through our dedicated Parlay Bet Guide. It will make your understanding of teasers and pleasers much easier.
If you already have a full understanding of parlays or have just rejoined us from the parlays page, you’re ready to jump into teasers and pleasers. We want to point out a few things that are important to keep in your mind before we get started.
While these are fancy sounding names for bets, they don’t actually offer any additional advantages over the simplest of bet types. Your odds of winning with a straight moneyline bet are the same as they are with teasers and pleasers.
For some reason, some sports bettors are convinced that the more complex a bet is, the better their chance of winning is. This is simply not true, and you should not trust the gambling advice of anyone that thinks it is the case. Simple math can prove that they are incorrect.
The perk that you can make a lot of money off of a small investment with teasers and pleasers is great, but it is all offset by the payout odds and the frequency that you should win your bets. You will win teasers more often but will get paid less. You will win pleasers less often but get paid a whole lot more.
What Are Teasers and Pleasers?
Teasers and pleasers operate in the exact same fashion as a parlay except that they have two major differences. The first is that all the bets that make up your teaser or pleaser are spread bets or totals bets.
This means they are bets that have a point spread (like “this team minus six”) or have a total score of the entire game (like total points in the Giants-Cowboys game +45.5). “Team A to win by 6 points” would be an example of a bet that would fit on a teaser or a pleaser. “Will Fighter A win his/her fight” is not a bet that would make it on a teaser or a pleaser.
The second big difference is that the point spreads for teasers and pleasers are all shifted for or against the bettor. All the lines are shifted in the same direction either for you or against you the same amount of points.
If you are a little confused still, that’s ok.
Let’s say you want to bet a three-team NFL teaser. You spot three games that you think the point spread is close, but you would love if you could have a couple more points to help out your side.
Here are the point spreads for the three games as posted on the board:
Cowboys to win: -3.5
Dolphins to win: +2.5
Steelers to win: -6.5
You could place a bet for a six-point teaser which is the most common NFL teaser available. This means that you would get to add an extra six points in your favor to each of the lines.
The “new” lines would be the following:
Cowboys to win : +2.5
Dolphins to win: +8.5
Steelers to win: -0.5
Originally, the Cowboys had to win by at least 3.5 points. Now, they can lose by 2 points, and you still win the bet for that game. The same is true for the other two games. The Dolphins can now lose by 8 points instead of 2, and you still win.
The Steelers only have to win by 1 point now, and you win that individual bet. If the sportsbook’s lines were correct, you should easily sweep all three of these games and win your teaser bet.
As you can guess, the odds on a teaser are not going to be as juicy as those on a standard parlay. You’re getting an extra six or more points depending on the bet you choose to make things much easier.
A three-team six-point NFL teaser would usually pay +160, or $160 in profit on a $100 bet. Remember, you still have to win ALL the games on your teaser to win your whole bet.
Teasers come in all different point values depending on where you are betting and what sport you are betting. Typically, NFL and NCAA (college) football and the NBA and NCAA (college) basketball are the sports you typically see these bets offered for.
Pleasers operate just like teasers except that the points move against you and in the house’s favor. As you can imagine, this is much more challenging to win, but the payout will be much higher.
Pleasers are not bets that you’re usually going to make often but are ones you might make when you see a couple games where you think the lines are significantly off.
Much like teasers, pleasers come in all different point values depending on where you are betting and what sport you are betting. NFL, NBA, college football, and basketball are the sports you typically see these bets offered for.
Let’s look at our earlier example again. Here are the normal lines offered by the sportsbook:
Cowboys to win : -3.5
Dolphins to win: +2.5
Steelers to win: -6.5
Let’s say you want to bet a six-point pleaser. Here are the new lines:
Cowboys to win: -9.5
Dolphins to win: -3.5
Steelers to win: -12.5
Your bets just got a lot harder to win as each team has to cover an additional six points now to cover the bet. The Cowboys originally had to win by at least 3.5 points, and now they have to win by at least 9.5 points.
That’s an additional touchdown or two field goals on top of them covering the initial spread of 3.5 points. The same is true for the other games with the Dolphins needing to now win by at least 3.5 points and the Steelers needing to win by at least 12.5 points now.
If you recall, a $100 bet on a teaser paid $160. A $100 bet on this pleaser here pays $1700! You are handsomely rewarded for your bold predictions. Again, you have to win every single individual bet on your pleaser to win the bet, and that is going to be much more challenging with the additional points to cover.
As you might imagine, you probably can’t expect to win your pleasers very often.
However, looking at our example, getting paid 17 to 1 doesn’t mean you have to win that often to be profitable. If you bet 18 times and lose 17 of those times, you will still break even.
Win just one more of those bets, and you’re turning a profit.
Variations of Teasers and Pleasers
Multi-chance Teasers and Pleasers
Multi-chance teasers and pleasers operate like the normal versions except that you can still win your bet if you lose some games as long as you overcome the set win threshold.
This means, for example, if you bet a five-team teaser and the threshold to win is three teams, you would win the same amount if you won three, four, or five of your games. You do not receive any additional winnings for surpassing the threshold by more games.
This variation is great for entertainment value because your betting slip won’t be “dead” if you happen to lose your first game. If you’re planning on watching a whole day of football and your first game is the Thursday night game with a standard teaser or pleaser, your ticket can go in the trash if you lose that game.
With a multi-chance teaser or pleaser, though, you still have a shot going into the weekend games which is great for your bottom line and for entertainment value.
Progressive Teasers and Pleasers
This variation of the standard teaser or pleaser is very similar to the multi-chance variation with one major difference. You will be rewarded with more money the further above the threshold that you go.
If you get four games instead of three correct on a multi-chance teaser or pleaser, you get paid the exact same. If you get four games instead of three correct on a progressive teaser or pleaser, you will get paid more money.
Deciding between a multi-chance, regular, or a progressive is all up to how much risk you want to take on and how confident you are in your picks.
The least confident you are, the more you should bet the multi-chance teaser or pleaser.
The more confident you are, the more you should bet the progressive teaser or pleaser.
If you are extremely confident in your bets, you should bet the regular teaser or pleaser.
Variations of Ties
It is important that you look at how the sportsbook addresses ties. Sometimes they will have an across the board policy that dictates what happens in the event of a tie. Some sportsbooks will give you the option of selecting how you would like ties handled. These usually include one of three options which we have listed below by order of how much they lend themselves to an easier overall win.
This means that the tie will be counted as a win for you on your bet. If you select this option, you are usually paid out slightly less than with the other options.
If you bet a five-team teaser and one game ties and the other four win, you would be paid out as if you had made a five-team teaser.
The payout odds would be slightly less than with the other two options, though.
This means that the tie will be counted as a game that never happened. If you have a five-team teaser and one game ties and the other four win, you would be paid out as if you had made a four-team teaser bet.
This is the form that pays out the best but is the hardest to win. If you have a five-team teaser and one game ties and the other four win, you will lose your entire bet.
If you happened to win all five games, though, you would get paid out more than if you won all five games with the ties reduce and ties win options.