Nba Teaser
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Are you interested in betting teasers in the NBA? You need to ask yourself a simple question - do you find betting teasers fun? If you do, and if you bet on sports largely to have fun, then betting teasers is a good idea for you. If, on the other hand, your goal is long-term profit and minimized house edge then you should probably avoid teasers in all but unique and specific situations. Don't believe me? Let's have a look.
First, what is a teaser? It's a bet in which you take two or more teams and add a set amount of points to the lines of each team. In the NBA the most common teasers are 4.5, 5, and 5.5 points, with both higher and lower point totals available from some betting shops. Let's say you liked the Lakers, who were favored by six, and Cleveland, who were two point underdogs. If you were to bet a 4.5-point teaser then those lines would become Los Angeles -1.5 and Cleveland +6.5. You bet both games on one ticket, and both results have to occur as you need them to in order for you to receive a payout on your ticket. You aren't limited to just two games, either - you can add more games, and your greater risk is rewarded by a greater monetary return. Some books also have a super teaser that allows you even more points (often seven or more) at a lower payoff.
Teasers slash points off of a favorite's point spread and add a further cushion to underdog's, so they sound like a gift to bettors, don't they? Wrong. So, so wrong. The problem is the house edge that you are sacrificing. A house edge is a fact of life in sports betting (unless you have a lot of degenerate friends you can wager with), but smart bettors look to minimize that edge in order to maximize their profit. Teasers certainly don't do that. The reason for this is fairly simple to see.
Let's look at a simple two team, 4.5-point teaser. That wager typically pays out at even money. Since you have to win both games in order to win the bet then, over the long term you have to pick 70.7 percent of games correctly in order to just break even. That's because .707 * .707 = .50, so if you pick 70.7 percent of games correctly then you will pick both right half of the time. The problem is that a shift in spreads of 4.5 points does not, over the long term, cause the favorites to cover more than 70.7 percent of their games, nor does it cause the underdogs to cover more than that mark. By making this bet over the long term then, you are willingly accepting a losing proposition. The situation doesn't improve as the points you add get bigger, either. A 5.5-point, two-team teaser typically pays 5-to-6. That means you have to win 73.9 percent of your games to break even. As is the case with parlays, the house edge also gets larger as you add more teams to your parlay.
Though NBA teasers are not profitable over the long run, it is not theoretically impossible that situations could exist where the bet could make sense. All you would need to do is figure out what the break-even point of the bet is and then find situations where the historical occurrence of an outcome comes at a higher rate than the breakeven rate. None come immediately to mind, but, for the sake of argument, let's say that you were to discover that teams favored by four win 85 percent of their games at home on nights when there is a lunar eclipse. If you were to find a night where the moon and the sun were aligned, and two teams were favored at home by four, then you would have a very worthwhile bet. With a good deal of handicapping work it is feasible that situations like that could be found in the NBA, much like the Wong teaser has been shown to be profitable in the NFL.
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Despite the long-term inherent lack of profitability in the NBA teaser, there may be specific situations where a teaser could be attractive. Say, for example, that your handicapping has led you to identify two solid favorites that you like, but which you are lukewarm about. If both teams were favored by seven, and you figure that they will win by somewhere between five and eight points, then you won't feel confident betting on them on the point spread, but you also wouldn't feel confident betting on their opponents. You could confidently bet the moneyline, but the return would be low given the size of the spread. By using a four-point teaser you could adjust both point spreads down so that the spreads are below your predicted score. That might be the best way to confidently maximize profit potential given your suspected result.
Teasers aren't the best bet on the board by any means. That doesn't mean you shouldn't play them, though. Some people love the action and excitement of the wager. You just need to know what you are betting, and what it is costing you. If it still seems worthwhile then go for it.
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Previously, I published a comprehensive article on teaser betting strategy which explains what teasers are, who has the best odds, how to analyze teaser bets on an advanced level, blind teaser bets that are likely profitable, industry secrets and more. If you haven’t read that article, I strongly suggest doing so before continuing.
Now, moving forward, a topic I didn’t discuss in any detail was special teasers. These are the ones referred to at sports betting sites as “sweetheart teasers” and “monster teasers”. The name is not a standard, but the concept is the same. If you’re not familiar with these, a common example is a 10 point three team NFL teaser, generally offered at -110 to -130 pricing.
To give a further example, there are 3 teams you’re interested in betting this week: Jets +1.5, Ravens -11.5, and Patriots -2.5. Rather than betting these straight at -110 or -105, or putting them in a standard parlay, or standard teaser, you can put them in what many sites call a special, monster, or sweetheart teaser. If you do so, you’ll have a single bet of: Jets +11, Ravens -1.5, Patriots +7.5; each spread has been moved 10 points. Once again, you’ll need to risk between $11 and $13 per $10 you want to win, depending if the betting site offers these at -110, -120, -130.
This is only one example of a sweetheart teaser. Some sites also offer four team 13 point teasers, while 5dimes.eu offers teaser betting for 2-15 teams on every half point between 5.5 and 17, as well as a 20 point teaser option. While teaser options vary site to site, the 3 team ten point option is offered by many local bookies and most online betting sites. For that reason, I’ll use that as my example of how to calculate the value of sweetheart teasers.
Ties Often Lose
The first thing you need to know about sweetheart teasers is that, generally, ties lose. This is not the case at all sites, but it is at many of them, so pay close attention to the rules.
Best Sites for 10 Point Teasers
Here are the odds and rules for 10 point sweetheart teasers at four of our recommended betting sites:
www.Bovada.lv – 10 point three team teasers at -110 (Ties Lose)
Sportsbook – 10 point three team teasers at -120 (Ties Lose)
5Dimes.eu – 10 point three team teasers at -110 (Ties Lose)
Bookmaker.eu – 10 point three team teasers at -120 (Ties Reduce)
Sportsbook obviously offers poor odds for this wager type. These guys are good in other areas, but for this type of teaser we’ll leave them out. Bookmaker also offers worse odds, but has its advantages. At Bookmaker these teasers can be bet for as much as $20,000 per bet, while most other sites have $500 max limits. Also Bookmaker has ties reduce, meaning if one or more legs push while all others win, the bet is refunded. However, at -120 this is not enough to make it worth it, so for most, www.Bovada.lv and 5Dimes.eu are the best sites for monster teasers.
Are Sweetheart Teasers Sucker Bets?
For years I heard Sweetheart teasers are sucker bets, but to be honest I hadn’t looked at them in any great detail until writing this article. So with that, let’s go ahead and take a look together:
Now we already know, or at least should know, considering it’s the most common price charged in sports betting, that at -110 you’ll need to win 52.38% of your bets to break even over the long run. When there are three bets which are part of that -110 wager, what we need to do is convert 52.38% into a decimal of .5238 and then find which number times itself three times equals .5238, or in math terms: what is the cube root of .5238. Using a cube root calculator, I quickly determined that .8061 x .8061 x .8061 = .5238. Therefore, for a leg in a three team teaser at -110 to have neutral expected value, it must win 80.61% of the time.
After doing this math, I’m already discouraged. It seems rare that I’m going to pick up an extra 30.61% in win probability by adding 10 points, especially when pushes count as losses. I decided, however, to make an educated guess of which subsets of point spreads have the most value in a 10 point teaser. Now, what I know is that in the NFL the most common margin of victories in order are: 3, 7, 10, 6, 14, 4, 1, 17, 13 and 2. So I want to come up with subsets that cross as many of these key numbers as possible. The six that I decided were most likely to have value, if any subset has value at all, are-10.5 to -12.5 favorites, -1.5 to -2.5 favorites, -4.5 to -6.5 favorites, +4.5 to +5.5 underdogs, +7.5 to +9.5 underdogs and +11.5 to +12.5 underdogs.
My next step was looking at tons of historical data to determine how often teams push at each number crossed in a ten point teaser, and then add them together to get a rough idea if teasing that subset with ten points might have value. After doing, this I eliminated the -1.5 to -2.5 and the +7.5 to +9.5 subsets; teasing those ten points only increased their win rates by around 17%. The other four subsets were close enough to warrant a more detailed analysis.
As a professional gambler I’ve been compiling NFL statistics for years into databases I can use for analysis when needed. While this might sounds complex, for calculating teasers, push probabilities, etc., it is really not all that difficult. While I can’t confirm their accuracy, I’ve heard many recommend atsdatabase.com and sportsdatabase.com for NFL data. Heading to my database, I was able to find the following historical results for 10 point teasers:
-10.5 to -12.5 teased 10 points
Since 2006: 53-15 (77.94%)
Since 2001: 97-30 (76.37%)
-4.5 to -6.5 teased 10 points: (32.7% at -6.5) to (31.6% at -4.5)
Since 2006: 210-61 (77.49%)
Since 2001: 391-108 (78.36%)
+4.5 to +5.5 teased 10 points:
Since 2006: 96-24 (80.00%)
Since 2001: 213-58 (78.60%)
+11.5 to +12.5 teased 10 points:
Since 2006: 24-8 (75%)
Since 2001: 41-11 (78.85)
I’ve now dug into these enough to determine with 98 percent certainty, there is no value to be had in standard three team ten point teasers.
Hopefully, this is not too discouraging. A thinking sports bettor, one who often makes the most profit, is someone who has lots of ideas, curiosities, theories and hunches. Rather than betting these and seeing if they win, they get out a blank sheet of paper, a few spread sheets, etc. and run tests. Bookies are smart, so more times than not we’re going to be disappointed in finding out that our brilliant idea was not +EV.
The good news is that as we practice our skills and as our knowledge grows, in time we can spot +EV bets much quicker. As far as teasers go, outside the box +EV teasers exist on a weekly basis.
Nba Teaser Picks
5Dimes.eu has 560 different types of teasers available. They offer 2-15 team teasers on every half point between 5 and 17, and also 20 point teasers, with two different formats regarding ties for each. While initially doing the work takes some time, and it might be a “tough way to make an easy living”, becoming an expert at football teasers and then managing your bankroll will make you easy money over time.
Nba Teasers Reddit
Now, if you’re a recreational bettor just looking for blind bets, stick to the strategies we mention in our teaser strategy guide. In that same article, those of you aspiring to or currently betting professionally can find further advanced strategies.
Remember teaser betting often wins in streaks; don’t get over confident or carried away with your bankroll. Bet responsibly, and we wish you the best of luck!
Nba Teasers
Other Advanced Sports Betting Strategy Articles:
» Future Betting Strategy
» NFL Bye Week Betting Strategy
» Parlay Betting Strategy