Exploring the world of teaser bets on DraftKings Sportsbook? You’re in the right place. This guide will clarify what a teaser bet is and demonstrate its application in sports betting, particularly focusing on NBA games.

Decoding Teaser Bets in Sports Betting

A teaser bet is a type of wager that involves two or more point spreads or totals, where you can adjust these spreads and totals in your favor. This adjustment comes in exchange for lower odds, offering a strategic edge in betting.

Teaser Bet Adjustments Explained

When you opt for a teaser bet on DraftKings, you get to adjust the lines for each game included in your wager. For basketball, common adjustment options are 4, 4.5, and 5 points.

Real-Life NBA Teaser Bet Example

Let’s apply this to an NBA scenario. Suppose you’re looking at the following games:

Los Angeles Lakers -8.5
Boston Celtics +4.5
Chicago Bulls -3.5

With a 5-point teaser, you can adjust these lines in your favor:

Los Angeles Lakers -3.5
Boston Celtics +9.5
Chicago Bulls +1.5

In this adjusted scenario, the Lakers now need to win by more than 3.5 points (instead of 8.5), the Celtics need to lose by less than 9.5 points (instead of 4.5), and the Bulls need to win or lose by less than 1.5 points.

Why Opt for Teaser Bets?

Teaser bets are attractive for bettors looking to increase their chances of winning. By adjusting the lines, you gain a more favorable position, albeit with lower payouts. It’s a strategy that balances risk and reward, making it a popular choice among seasoned bettors.

Understanding Payouts and Risks

While teaser bets increase your likelihood of winning, it’s crucial to understand that the payouts are generally lower compared to standard parlays. However, the strategic edge they provide can be valuable in building a successful betting strategy.

Teaser Betting in NBA: A Strategy Game

In NBA betting, teasers can be particularly effective. The nature of basketball scoring and game dynamics lends itself well to this type of betting. It allows bettors to capitalize on their understanding of team performances and scoring patterns. Follow these steps to set up your own teaser in DraftKings.

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Step 1: Build your teaser

Once you have the DraftKings Sportsbook App opened and are logged in, the first step is finding the events you want to build your teaser with. You can search for the events by scrolling the home screen or using the All Sports Menu.

In the video above, I am teasing the Boston Celtics and the Dallas Mavericks on the points. Note that when you bet teasers you begin the process by clicking on multiple bets, the same way you would for any kind of parlay betting.

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Step 2: Enter your wager

After selecting the legs of your teaser, the next step is to enter your wager amount. To do so, tap on the teaser section at the bottom of the bet slip. That will take you to the teaser section. There, you can change how many points you want to tease your picks. You will also enter the amount you want to bet. I changed my teaser from a 4-point to 5-point teaser which lowered my odds from -110 to -130.

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Step 3: Confirm your bet on the bet slip

The third and final step to placing a teaser is pressing the “place bet” button at the bottom of the screen.

DraftKings Teaser Bet FAQ

Does DraftKings do teasers?

Yes. DraftKings allows teaser bets on football and basketball, but limits teasers to just those two sports at this time. You can find the option to make a parlay into a teaser by clicking the “Teasers” link on the bet slip.

Do teasers push on DraftKings?

In most cases, teasers can result in a “push” or a “no action” if one or more of the selections in the teaser ends up as a tie or a “push” according to the original point spread. When a push occurs in a teaser, that specific leg of the teaser is usually treated as if it never existed in the bet. The sportsbook will then adjust the teaser to have one fewer leg, and the payout odds will be adjusted accordingly.

For example, if you placed a three-team teaser and one of the games ends in a push, your teaser would be reduced to a two-team teaser, and the payout odds would be recalculated based on the new bet.

Is a teaser the same as a parlay bet?

A teaser is a kind of parlay ticket, but with the point spreads and game totals shifted from the original lines offered by online sportsbooks. Teaser payouts vary based on how many points you swing the lines. For example, a six-point teaser pays better than a teaser you swing by seven points.

Teasers you swing by six points have lower payouts than teasers you swing by four points.

How much do you win on a teaser bet?

The amount you can win on a teaser bet depends on several factors, including the number of teams or selections in the teaser, the type of teaser, and the adjusted point spread or totals for each selection.

In general, teaser bets offer lower payouts compared to traditional parlays because the sportsbook adjusts the lines in your favor, increasing your likelihood of winning. However, this adjustment comes at the cost of reduced potential winnings.

The typical payout odds for teaser bets are as follows:

2-team teaser: Payout odds are usually around -110 or -120. This means that for every $110 or $120 you bet, you will win $100 if both selections are correct.

3-team teaser: Payout odds are typically around +180 to +220. This means that for every $100 you bet, you can win $180 to $220 if all three selections are correct.

4-team teaser: Payout odds are generally higher, ranging from +300 to +400 or more. This means that for every $100 you bet, you can win $300 to $400 or more if all four selections are correct.

What is a reverse teaser?

A reverse teaser is a variation of the traditional teaser bet in sports betting. While a regular teaser allows you to adjust the point spread or totals in your favor, a reverse teaser works in the opposite way. In a reverse teaser, you adjust the lines against your favor, making it more challenging for your selected teams to cover the spread or reach the adjusted totals.

Reverse teasers pay better odds than traditional teasers, but are harder to win. DraftKings parlay bets allow you to swing the points both ways, into a traditional teaser or a reverse teaser.

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