Can You Bet Teasers on DraftKings? A Comprehensive Guide to Teaser Betting on DraftKings

16 min read
Sep 11, 2024, 6:00 PM
Author
Nick Ashbourne
Nick Ashbourne
Senior Writer
Last Updated: Sep 11, 2024, 6:24 PM

What is a Teaser Bet?

Teaser bets are a form of sports betting that allows bettors to adjust the point spread or total in their favor. 

This type of bet combines elements of parlay betting with the flexibility to move the lines, offering a unique wagering experience. Teaser bets are particularly popular in football, especially for NFL games.

The key characteristic of a teaser bet is the ability to "tease" the lines by a predetermined number of points.

This adjustment comes at the cost of reduced odds, reflecting the increased probability of winning each individual selection.

Teaser bets require multiple selections, typically a minimum of two, with all selections needing to win for the bet to pay out.

Definition and Mechanics

A teaser bet allows bettors to adjust the point spread or total for multiple games, typically by 6, 6.5, or 7 points in football. 

This adjustment is applied uniformly to all selections within the teaser. For example, in a 6-point football teaser, a bettor could move a -7 point spread to -1, or a +3 underdog to +9.

The mechanics of a teaser bet involve selecting multiple games and applying the point adjustment to each selection. If the Houston Texans are -7 in a standard spread bet, a 6-point teaser would move the line to Texans -1. Similarly, if the over/under for a game is 50, a 6-point teaser could allow the bettor to bet over 44 or under 56.

It's important to note that while teasers offer more favorable lines, they come with lower payouts compared to standard parlay bets. 

The trade-off between improved odds of winning and reduced payouts is a key consideration for bettors engaging in teaser betting.

How to Place a Teaser Bet on DraftKings

DraftKings Sportsbook offers teaser betting options for various sports, with football and basketball being the most common. 

Placing a teaser bet on DraftKings involves navigating the platform, selecting your games, and applying the teaser option to your selections.

The process of placing a teaser bet is designed to be user-friendly, allowing bettors to easily adjust their selections and see the potential payouts. Teaser options are typically displayed prominently in the bet slip once multiple eligible selections are added.

Step-by-Step Guide

  1. Log in to your DraftKings Sportsbook account. If you're a new customer, you'll need to create an account first.
  2. Navigate to the sport you want to bet on. Football and basketball are the most common sports for teaser bets.
  3. Select two or more point spreads or totals that you want to include in your teaser. These selections will appear in your bet slip, usually located in the top right corner of the screen.
  4. In your bet slip, look for the "Teaser" option. This may appear as a button or in a dropdown menu.
  5. Choose the number of points you want to tease. Common options for football are 6, 6.5, and 7 points.
  6. Review how the lines have changed for each of your selections based on the teaser points you've chosen.
  7. Enter the amount you wish to wager in the bet slip.
  8. Review the potential payout, which will be calculated based on the teaser odds.
  9. If you're satisfied with your selections and the potential payout, click the "Place Bet" button to confirm your teaser bet.
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Remember, all selections in a teaser must win for the bet to pay out. If any selection loses, the entire teaser bet loses.

Teaser Bet Strategies and Tips

Teaser betting requires a strategic approach to maximize potential success. While no betting strategy guarantees wins, understanding certain principles can help inform decision-making when placing teaser bets.

One key strategy is to focus on teasing through key numbers in football betting. The most important numbers in NFL point spreads are 3 and 7, as these are the most common margins of victory. Teasing spreads to cross these numbers can potentially provide value.

Another consideration is the correlation between the games in your teaser. 

While game outcomes are independent events, there may be situational factors that affect multiple games, such as weather conditions or playoff implications.

Expert Advice for Successful Teaser Betting

  • Focus on key numbers: In football betting, teasing spreads across 3 and 7 can be particularly valuable. For example, teasing a 7-point favorite down to -1 or a 3-point underdog up to +9.
  • Avoid teasing totals: Many experienced bettors advise against teasing totals, as the value is often less significant compared to teasing spreads.
  • Be selective: Don't force teasers just because they're available. Look for games where the teaser genuinely adds value to your betting strategy.
  • Understand the odds: Make sure you're getting fair odds for your teaser bets. Some sportsbooks may offer better odds than others, so it's worth comparing.
  • Consider parlays: In some cases, a standard parlay bet might offer better value than a teaser, especially if you're confident in your selections.

NFL Teaser Strategy

One well-known strategy for NFL teaser betting is the Wong teaser, named after Stanford Wong. This approach focuses on teasing underdogs of +1.5 to +2.5 up to +7.5 to +8.5, or favorites of -7.5 to -8.5 down to -1.5 to -2.5.

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The logic behind this strategy is that it crosses the key numbers of 3 and 7, which are the most common margins of victory in NFL games. By using a 6-point teaser to cross these numbers, bettors can potentially increase their chances of winning.

However, it's important to note that no strategy guarantees success, and the Wong teaser has become well-known among bookmakers, potentially affecting the odds offered.

Focus on High-Scoring Games

Another strategy to consider when placing teaser bets is to focus on high-scoring games, particularly in football. 

The reasoning behind this approach is that games with higher projected totals tend to have more variance in scoring, which can work in favor of teaser bets.

When teams are scoring frequently, a 6-point adjustment to the spread can be more impactful. For instance, in a game with an over/under of 55, a 6-point teaser might represent a larger percentage of the expected scoring than in a game with a total of 40.

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This strategy should be used judiciously and in conjunction with other factors, such as team matchups and recent performance trends. It's also important to consider that oddsmakers take high-scoring expectations into account when setting lines.

Teaser Bet Payouts and Odds

Teaser bet payouts and odds differ from standard bets due to the adjusted lines.

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Generally, the more points teased and the more selections included, the lower the payout will be relative to the risk. This reflects the increased probability of winning each individual selection within the teaser.

The specific odds and payouts for teaser bets can vary between sportsbooks and may change based on market conditions. 

It's crucial for bettors to understand how these odds work to make informed decisions about their wagers.

Understanding Teaser Bet Odds and Payouts

Teaser odds are typically expressed in American odds format on DraftKings. For example, a two-team, 6-point football teaser might have odds of -120. This means a bettor would need to wager $120 to win $100.

Here's a simplified example of how odds are different for a two-team, 6-point football teaser versus a straight parlay:

Original SpreadIndividual Odds Parlay OddsTeased Spread Teased Odds
-7.5-110+264-1.5-120
+3.5-110+264+9.5-120

In this example, the spreads become more favorable, but the odds decrease significantly from what they'd be as a parlay of the two original spreads. 

Online Sports Betting and Teaser Bets

The rise of online sports betting has significantly impacted the accessibility and popularity of teaser bets. 

Platforms like DraftKings Sportsbook offer a convenient way for bettors to place teaser bets from their computers or mobile devices, contributing to the increased interest in this form of wagering.

Online sportsbooks provide several advantages for teaser betting:

  • Convenience: Bettors can place teaser bets anytime, anywhere, without needing to visit a physical sportsbook.
  • Variety: Online platforms often offer a wide range of teaser options across multiple sports.
  • Live betting: Some sportsbooks allow teaser bets on live games, adding another dimension to the betting experience.
  • Ease of line shopping: Bettors can quickly compare teaser odds and lines across different online sportsbooks.

However, the ease of online betting also emphasizes the importance of responsible gambling practices. 

Bettors should always be aware of their limits and bet within their means, regardless of the type of wager.

DraftKings Sportsbook and Teaser Betting

DraftKings is one of the leading online platforms that offers teaser betting options. The sportsbook provides a user-friendly interface for placing teaser bets, along with a variety of other betting types.

On DraftKings, bettors can typically find options for 6, 6.5, and 7-point teasers in football, along with other variations depending on the sport and specific games. 

The platform also offers special promotions and odds boosts that may apply to teaser bets, particularly during major sporting events like the Super Bowl.

Getting Started with DraftKings Sportsbook

For those new to DraftKings Sportsbook, getting started involves creating an account, making a deposit, and familiarizing yourself with the platform's betting options, including teasers.

Step-by-Step Guide to Signing Up and Claiming Your Bonus

  1. Visit the DraftKings Sportsbook website or download the mobile app.
  2. Click on the "Sign Up" or "Register" button, typically located in the top right corner of the page.
  3. Fill out the registration form with your personal information, including name, email, date of birth, and last four digits of your SSN for identity verification.
  4. Create a username and password for your account.
  5. Agree to the terms and conditions and submit your registration.
  6. Once your account is created, navigate to the cashier section to make your first deposit.
  7. Check the promotions page for any available welcome bonuses or first bet offers.
  8. If a bonus is available, ensure you understand the terms, including any minimum deposit requirements or playthrough conditions.
  9. Make your deposit and claim your bonus if applicable.

After setting up your account and making a deposit, you can start exploring the teaser betting options available on DraftKings Sportsbook.

Customer Service Information at DraftKings

DraftKings Sportsbook provides customer support to assist bettors with any questions or issues they may encounter, including those related to teaser bets. 

Understanding how to access customer service can be crucial, especially for new bettors or those experiencing issues with their wagers.

Contacting DraftKings Customer Support

DraftKings offers multiple channels for customer support:

  1. Live Chat: Available directly through the DraftKings website or mobile app, typically offering the quickest response times.
  2. Email: For non-urgent inquiries, bettors can send an email to the customer support team.
  3. Phone Support: DraftKings provides a dedicated phone line for customer assistance.
  4. FAQ Section: Before contacting support directly, bettors can check the comprehensive FAQ section on the DraftKings website, which covers many common questions about betting types, account management, and more.

When contacting customer support about teaser bets or any other issue, it's helpful to have relevant information ready, such as your account details, bet ID numbers, and a clear description of your query or concern.

Safety and Security of Teaser Betting on DraftKings

The safety and security of online betting are paramount concerns for both bettors and sportsbooks. 

DraftKings implements various measures to protect user information and ensure fair play in all forms of betting, including teaser bets.

Ensuring a Secure Teaser Betting Experience

DraftKings employs several security measures to protect its users:

  • Encryption: The platform uses industry-standard encryption to protect user data and financial transactions.
  • Identity Verification: DraftKings requires identity verification to prevent fraud and ensure compliance with legal regulations.
  • Responsible Gaming Tools: The sportsbook offers features such as deposit limits, time limits, and self-exclusion options to promote responsible betting practices.
  • Secure Banking: DraftKings partners with reputable payment providers to ensure secure deposits and withdrawals.
  • Regulatory Compliance: DraftKings operates in compliance with state and federal regulations, providing an additional layer of security for bettors.
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When engaging in teaser betting or any form of online sports betting, users should also take personal security measures. This includes using strong, unique passwords, enabling two-factor authentication if available, and avoiding betting on public Wi-Fi networks.

Conclusion

Teaser betting on DraftKings Sportsbook offers bettors an opportunity to adjust point spreads or totals in their favor, albeit at reduced odds. 

While teasers can be an attractive option, particularly in football betting, they come with their own set of strategies and considerations.

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Understanding the mechanics of teaser bets, employing sound betting strategies, and being aware of the odds and payouts are crucial for anyone looking to engage in this form of wagering.

DraftKings Sportsbook provides a platform for teaser betting with various options and visually legible interface.

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As with all forms of sports betting, it's important to approach teaser bets with a clear understanding of the risks involved and to bet responsibly. Bettors should always stay informed about current odds, promotions, and terms specific to teaser bets on the platform.

FAQ

Availability

Can you bet teasers on DraftKings?

Yes, DraftKings Sportsbook offers teaser betting options, primarily for football and basketball.

Comparison to SGPs

What is the difference between a teaser bet and a same-game parlay?

A teaser bet allows you to adjust the point spread or total in your favor, while a parlay bet combines multiple selections within the same event at their original odds.

Reverse Teasers

What is a reverse teaser?

A reverse teaser, also known as a pleaser, involves moving the point spread against your favor in exchange for higher potential payouts.

Different Sports

Are teaser bets available for all sports on DraftKings?

Teaser bets are primarily offered for football and basketball on DraftKings Sportsbook, with the most options available for NFL games.

Number of Teams

How many teams can I include in a teaser bet on DraftKings?

The number of teams allowed in a teaser bet may vary, but typically ranges from 2 to 10 teams. Always check the current rules on DraftKings Sportsbook for specific limits.

<p>Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.</p><p>Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022.&nbsp;</p><p>Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambler team.</p>
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Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

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Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

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Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

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Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

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Sol has over 20 years of experience in writing for diverse industries including sports, gambling, regulation, technology, and startups. As the Editor-in-Chief at RG, Sol brings a wealth of knowledge and expertise to the role, focusing on delivering transparent, evidence-based content grounded in thorough research. Sol's mission is to empower readers to enjoy gambling responsibly and make informed decisions, enhancing their overall experience through insightful and engaging content. Under Sol's leadership, RG prioritizes the highest standards of integrity and reliability, ensuring that all information provided is accurate and trustworthy. Sol's dedication to transparency and research-based writing helps create a responsible gambling environment where readers can truly benefit from the content. This commitment to excellence has positioned RG as a leading source of information in the gambling industry.

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Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambler team.

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