Teaser Calculator: How to calculate returns on your teaser bets & more!

Most Read

How to Bet on ‘Physically Demanding’ Sports From Your Own Couch: Darts, Snooker & More!

Here's how you can bet on sports that 'anybody' can play from the comfort of your own home. Yes, we're talking darts and snooker!

Revisiting Casino Bonus Offers: Best Online Casino Welcome Bonuses for 2022

Every Summer in the US online gambling world, two things happen. First, bewildered...

BetMGM Illinois Promo Code & Bonus Offer

Get your BetMGM Illinois Welcome Offer worth up to $1,000 today using BetMGM Bonus Code 'AMERICANBET' during registration.
Matt Tenby
Matt has been a writer for American Betting Experts since 2019. He loves to watch, bet on and write about soccer but is also a huge NBA and NFL fan.

Everything you need to know about teaser betting and how to calculate your potential winnings using a teaser calculator at the legal online sportsbooks.

SportsBooks That Offer Killer Teaser Betting for YOU (And HUGE Free Bonuses..)

Get $1,000 Free at DraftKings

Join DraftKings and get a $1,000 Deposit Bonus.

Terms and conditions apply

America’s no.1 sportsbook
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY
Generous welcome offer

Terms and conditions apply

Get $1,500 Free at Caesars

Join Caesars and get a Risk Free First Bet up to $1,500.

Terms and conditions apply

Well-known brand
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, TN, VA, WV
Stylish and clear app

Terms and conditions apply

Get $2,000 Free at PointsBet

Join PointsBet and get 2 Risk-Free Bets up to $2,000.

Terms and conditions apply

Great welcome bonus
CO, IL, IN, IA, MI, NJ, NY, PA, VA, WV
Unique PointsBetting options

Terms and conditions apply

Get $200 Bet Credits at Bet365

Bet $1, Get $200 in Free Bets

Terms and conditions apply

Strong European brand
Available in NJ
Easy to navigate website and app

Terms and conditions apply

Before diving into the benefits of using a teaser calculator, it is important to explain what teaser bets are.

Teaser betting is essentially a special form of parlay betting. Teasers allow you to combine multiple point spreads together into a parlay, but also give you the ability to ‘buy’ points for the spread. In other words, the spread will change by a specific number of points in your favor.

So, let’s look at an example. Let’s say you are interested in placing a 6-point NFL teaser bet based on these three legs:

  1. Steelers +5 (vs. Ravens)
  2. Packers -3.5 (vs. Lions)
  3. Cardinals -7 (vs. Seahawks)

In a three-team, 6-point teaser, you would be given an extra three points in your favor for each leg. This means that Pittsburgh would need to not lose by more than 11 points, Green Bay would need to avoid defeat by no more than 3 points, and Arizona would need to win by just two points or more. Your new teaser bet would look like this:

  1. Steelers +11
  2. Packers +3.5
  3. Cardinals -1

You can see why teaser betting can be popular. You are effectively ‘buying’ yourself added points in your parlay, which increases your chances of winning. However, as expected, your win return is slightly smaller than a standard parlay bet.

Are teasers good bets?

Generally, teasers are good bets if you are looking for a middle-ground between a bunch of straight bets and a standard parlay bet.

Teasers offer you an alternative to the standard parlay, by giving you lower odds on a more likely set of outcomes.

Because so many NFL games end with margins of victory between 1 and 7, NFL teasers can be very profitable. However, teaser betting in College Football has been criticized due to the unpredictability and volatility of games.

Assuming you are betting it at -120 odds per leg, you must win each leg 74% of the time to break even on six point teasers. So, it’s up to you whether you think you can match that 74% success rate on picks!

What is a teaser calculator?

A teaser bet calculator allows you to calculate the odds of your teaser bet automatically, with the click of a button.

The biggest online sportsbooks in America have teaser calculators built into their websites and apps. This gives you, as a sports bettor, more options in addition to same game parlays and other exciting betting types. With the previous teaser example in mind, let’s take a look at how to place a teaser bet.

At DraftKings Sportsbook, you simply make your selections and DraftKings will give you the teaser bet option. Here’s how it looks on desktop:

Teaser Calculator

Then, simply scroll down to see your NFL teaser calculator. DraftKings will calculate your teaser odds based on how many points you are willing to ‘buy’.

Teaser Bet Calculator

As you can see, the 6-point teaser we have chosen comes in at odds of +160. A $50 bet would return $130 if it wins.

It’s not only NFL-specific ones that are available at the legal online sportsbooks. There is an NBA teaser calculator, an NHL teaser calculator, a soccer teaser calculator, and more!

A teaser calculator can also be referred to as a teaser parlay calculator, as it is simply an alternative form of a parlay bet.

Where can I place a teaser bet?

You can place a teaser bet on a number of sports at the following legal online sportsbooks. Feel free to claim their generous welcome offers too:

Get $1,000 Free at DraftKings

Join DraftKings and get a $1,000 Deposit Bonus.

Terms and conditions apply

America’s no.1 sportsbook
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY
Generous welcome offer

Terms and conditions apply

Get $1,000 Free at BetMGM

Join BetMGM and get a Risk-Free Bet up to $1,000.

Terms and conditions apply

Biggest casino brand in US
AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, WY
$1,000 Risk Free

Terms and conditions apply

Get $1,500 Free at Caesars

Join Caesars and get a Risk Free First Bet up to $1,500.

Terms and conditions apply

Well-known brand
AZ, CO, IA, IL, IN, LA, MI, NJ, NY, TN, VA, WV
Stylish and clear app

Terms and conditions apply

Get $2,000 Free at PointsBet

Join PointsBet and get 2 Risk-Free Bets up to $2,000.

Terms and conditions apply

Great welcome bonus
CO, IL, IN, IA, MI, NJ, NY, PA, VA, WV
Unique PointsBetting options

Terms and conditions apply

Get $200 Bet Credits at Bet365

Bet $1, Get $200 in Free Bets

Terms and conditions apply

Strong European brand
Available in NJ
Easy to navigate website and app

Terms and conditions apply

Latest Offers

Latest News

NBA Championship Betting Odds 2023: Can Golden State Warriors Take Fifth NBA Title?

We take a look at the 2023 NBA Championship Betting Odds after Golden State claimed victory against the Celtics in the 2022 NBA Finals.

Wimbledon Live Streaming at bet365: Watch and Get a $200 Bonus!

Watch the tennis for free with Wimbledon live streaming at bet365 and get a $200 bonus to wager on the action.

Top 10 NFL Touchdown Celebrations of All Time

From the attention seekers to the legends – we count down the top 10 NFL touchdown celebrations of all time.

Can You Make A Living Betting on Sports?

A deeper look at making a living betting on sports Many of us have found a new hobby or...

New York, New York! Subway Series in the Making?

We take a look at the current contenders for the 2022 World Series, with a keen eye on the well-performing New York City franchises.

More Articles Like This