Teaser Bet
A teaser is a multi-leg bet where you adjust the spread or total in your favor on every leg in exchange for reduced payout odds.
Standard Teasers
A 6-point NFL 2-team teaser moves both spreads 6 points your way, typically at −110 or worse. You're trading expected value for higher hit rate. Most teasers are heavily −EV because the implied price for moving the line costs more than the actual point value.
Wong Teaser
Stanford Wong identified that NFL teasers crossing the key numbers 3 and 7 (e.g., moving −1.5 to +4.5, or −7.5 to −1.5) can be +EV because games disproportionately land on these margins. This is the famous "Wong teaser" strategy.
Math
Break-even win rate for a 2-leg −110 teaser is 72.3% per leg. Standard small favorites at −1.5 to +1.5 historically hit about 75–78% when moved 6 points across 3 and 7.
Frequently Asked Questions
Are teasers profitable?
Standard random teasers — no. Wong-style key-number teasers in NFL — historically yes, though margins are thin and books adjust prices.
Do other sports have teasers?
NBA teasers exist (4–5 points) but lack the key-number magic. NFL is the only sport where teasers consistently make math sense.
Apply this concept to live value bets.
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