What Is a Teaser Bet?
A teaser bet is a type of multi-leg sports bet where you can adjust the point spread or total in your favour across two or more games. In return for more favourable odds, all selected games (or legs) must win for the bet to pay out.
In Australian terms, think of it like crafting a same-game multi, but with the power to shift the line in your favour — whether it’s for AFL, NRL, NFL, or NBA.
Teaser bets are popular for punters who want better control of margins while still aiming for a solid return.
Learn more basics of betting in Australia here:
👉 Bookies Pedia – Betting 101 Guide
How Does a Teaser Bet Work?
When placing a teaser bet, you:
- Select two or more games.
- Adjust the line by a fixed number of points (e.g., 6, 6.5 or 7).
- All selections must win for the bet to cash.
- The odds will adjust based on the number of teams and the points teased.
Example of a Teaser Bet
Let’s say you want to bet on the NFL:
- Game 1: Dallas Cowboys -6
- Game 2: Kansas City Chiefs -3
You use a 2-team, 7-point teaser, which modifies the spreads to:
- Cowboys -6 → Cowboys Pick (0)
- Chiefs -3 → Chiefs +4
Your team just needs to win (not cover the original spread). This gives you a better chance, but the payout is reduced compared to standard multis.
Teaser Bet Odds Table (AUD Format)
Teams | 6 Points | 6.5 Points | 7 Points | 10 Points |
2 | -$1.10 | -$1.20 | -$1.30 | +$1.00 |
3 | +$1.60 | +$1.50 | +$1.40 | +$1.20 |
4 | +$2.60 | +$2.40 | +$2.00 | +$1.60 |
5 | +$4.00 | +$3.50 | +$3.00 | +$2.00 |
6 | +$6.00 | +$5.00 | +$4.00 | +$3.00 |
Note: Odds are estimates and vary per bookmaker in Australia.
Best Teaser Betting Strategies
- Target Key Numbers in Football
- In NRL and NFL, common winning margins include 3, 6, 7, and 10 points.
- Use teaser bets to cross these key numbers and improve your edge.
- Example: Tease a team from +4 to +11 – now you’re safe even if they lose by a converted try or more.
- Stagger Game Start Times
- Select games starting at different times throughout the day.
- This gives you hedging opportunities if earlier legs win.
- You can also use live betting to lock in profits or reduce risk.
- Tease Down Big Favourites
- Rather than backing a +10 underdog teased to +20, consider teasing a -10 favourite down to Pick (0).
- Higher probability of win.
- Easier to hedge using the underdog’s moneyline.
Teaser Bet in Australia: When to Use It
- Great for multi-game punters wanting safer spreads.
- Ideal in close matchups or games with tight margins.
- Works well with live odds and smart bankroll management.
FAQs: Teaser Bet Explained
A teaser bet lets you adjust point spreads or totals in your favour across multiple games, increasing win chances but lowering payout odds.
Payouts depend on:
- Number of legs (games)
- Points teased (6, 6.5, 7, or 10)
- Odds offered by your Australian bookmaker
Refer to the teaser odds table above.
- AFL
- NRL
- NFL
- NBA
Some bookmakers may also offer teaser-style markets for soccer and tennis.
No. A parlay (or multi) uses standard lines, while a teaser lets you shift the lines in your favour — but both require all legs to win.
Some Aussie bookmakers offer early cash-out options for teaser bets, especially if the first few legs win.
Final Thoughts: Should You Use Teaser Bets?
If you’re a value-seeking punter in Australia, teaser bets can help you swing the odds in your favour. They’re best used in low-scoring sports like NRL or NFL, where key numbers and line movement matter most. With the right strategy, teasers can be a powerful part of your betting toolkit.
Learn more about betting fundamentals here:
👉 Bookies Pedia – Betting 101 Guide
