Guide to Betting Teasers on DraftKings

How to bet teasers

When visiting DraftKings, customers will have many different bets that can be placed. One popular option is a Teaser. Anyone who has bet parlays will be familiar with how these work. In short, a teaser is a parlay bet that also incorporates point spread bets or totals. What makes a DraftKings teaser unique is the ability to adjust point spreads for a selected game, which can make it easier to win.

Adjusting the spread will increase the chances of winning, but the overall value of these bets will be lower. With decreased odds, teasers are an appealing option for those who want the parlay betting thrill without the increased risk. Here, DraftKings customers can see how to start placing teaser bets and learn more about the different teaser options that can be selected.

Those seeking a lower risk, lower reward betting option will benefit from teasers. They may not provide long-term profits, but they are a great bet to throw into the mix. At DraftKings, teasers are pre-game bets that are available for professional and college basketball and football games.

💡How DraftKings Teasers Work
🔍Types of Teasers
✍️How to Bet Teasers
📊Pros & Cons

How DraftKings Teasers Work

As mentioned, teasers will let point spreads and totals be adjusted. If the preferred team has a spread of 2 but customers feel it will better work with 3.5, they can adjust the spreads that are offered at the site. Keep in mind that this will also change the odds, which will be lower than normal. The final odds with teasers will depend on how many bets are placed and how many points have been selected.

All picks on a teaser bet must be won. In the event there is a tie, push, or draw when more than two legs are bet, that tie will be removed from the teaser bet. It will then become a two-leg bet and odds are recalculated. If the push or draw occurs on a two leg teaser, the bet becomes no action and the wager amount is refunded to the account.

Otherwise, any part of the bet that loses will result in the entire teaser bet being lost, just like with parlays. DraftKings teaser bets require two or more legs. As more legs are added to the teaser selection, there will be a higher chance of the wager being a winner. At the same time, there will be a higher risk.

Types of Teasers

One of the great things about engaging in teaser betting at DraftKings is the number of options available. The site has different types of bets that can be placed. The most common are two-team and six-point, but there are other options for those who want higher risk. Teasers are a good choice that allows the lines to be teased down, but they offer lower payouts. At DraftKings, teasers are only offered on football and basketball games.

2 Team Teaser – For those who are just getting started with teasers at DraftKings, this is a good place to start. The bet is placed by selecting two teams and then adjusting the total or spread. To win this bet, both selected teams will have to cover the adjusted spread. If the total was adjusted, the event total score will have to be covered.
6 Point Teaser – Every leg can be adjusted by up to 6 points. This bet is popular when wagering on football games.
7 Point Teaser – This bet works like a six-point teaser but will let users change the total or spread by one more point. While it does lower the potential payout when compared to a six-point, there are better chances of winning.
Super Teaser – This is a special parlay bet where one will have to correctly predict the outcome of three or more events.
Reverse Teasers – Just as it sounds, a reverse teaser is the opposite of standard teaser bets. With these, the point spread is adjusted to go against the bettor.

How to Teaser Bet

Ready to get started with DraftKings teasers? By learning how totals work and how point spread betting works, customers can prepare for an exciting experience with lower risk. While teasers are a difficult bet to win, they do have value. These bets are good to use as a short-term strategy. Winning multiple legs is difficult and anyone who has placed parlay bets will understand this. However, DraftKings provides some great teaser options, though bets can only be placed on football and basketball games.

The steps listed below show how to place these exciting bets. The process is the same when betting online or when using the DraftKings app.

Visit DraftKings and sign up or log into an existing account
Choose football or basketball as a sport
Select the games to add to the bet slip
Choose over/under or point spread bet and enter the bet amount
Once more than one leg has been added, the Parlay option will become available
Click on Parlay to access the Teaser bet and make the adjustments
Place the final bet

DraftKings does have some rules in place for taser bets being placed. These are only allowed on supported pre-game events. Teasers are also only provided for certain leagues, including NFL, NBA, and college football or basketball.

To Tease or Not To Tease

Now that users know how to place teaser bets on DraftKings as well as the types of bets available, it is important to know the pros and cons of teaser betting. This type of bet is best suited for those with parlay experience. Still not sure if a teaser is the right choice? Check out the advantages and disadvantages of these bets at DraftKings.

Pros:

Risk Control – Adjust game lines so that risk can be reduced
Better Chance of Winning – By using teasing, bettors will have more chances of placing winning bets
Better Returns – These bets provide larger payouts than straight bets. Since multiple selections are being made and all must win, the increased risk also comes with larger profits.
More Flexibility – Flexibility is important when betting. By being able to adjust total lines or the point spreads, bettors are able to tailor bets based on their assessment of the outcome.

Cons:

Smaller Payouts Than Parlays – These bets do provide larger returns than a standard straight bet, but profits will not be as high as when winning parlay wagers.
Hard to Win – All legs of the bet must win, so it can be a challenge to make the right selections.
Value is Reduced – One main issue with teasers at DraftKings is that the vig on odds is increased. This means the bets are less favorable.
Limited Options – At DraftKings, these bets can only be placed on basketball and football. They are also only available as pre-game bets.

The pros and cons are pretty even and it all comes down to bettor preference. Teaser bets are not a good choice as a long-term strategy. Since a high win rate is required, teaser bets are not always profitable. A few teasers mixed in with straight bets and parlays will make for an exciting betting experience. Many bettors consider these bets to be sucker bets and would rather accept the listed odds and enjoy larger payouts.

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