What is a Teaser Bet and How to Bet on Teasers?

The world of sports betting is made up of several types of wagers with single bets being the most popular. These types of bets include the money line bet, point spread betting and the betting on the total. While singles bets are excellent wagers, bettors often have to risk more to win their bet. Therefore, Teaser bets are often a good alternative to straight bets. However, What is a Teaser Bet and how does a person Bet on Teasers?

Today, we answer these questions as part of our sports betting tutorial series for beginners. First off, teaser betting is something not all bettors are familiar with. However, it is a gambling option that lets a bettor increase their odds of winning a bet with multiple selection.

What is a Teaser Bet?

A teaser bet is very similar to a parlay wager. They are the similar because they are both wagers with multiple bets. However, a Teaser Bet reduces the risks of losing for the gambler but at the cost of having smaller payouts. Therefore, the decision for the gambler will be whether it is worth it to have lesser risk with lower profits. According to Pay Per Head Company PricePerPlayer.com, teaser bets are a very popular option amongst gamblers. This is because it gives them more control over their wager.

Anyway, a teaser bet is a wager on the point spread or on the game totals. In a teaser, the bettor will choose a group of games and adjust the betting odds in their favor.

Furthermore, the majority of teaser betting is done on American football or basketball.  This is because these two sports usually have high final scores which allows for better teaser strategies. However, it does not mean that it is not possible to bet on soccer or other sports with a teaser.  It just means that it is not as common.

Teaser wagers are usually set between 4 and 10 points. In addition, a higher teaser bet will have lower odds because you are increasing the odds of winning the bet.

How to Bet on Teasers

Even though a teaser bet may seem difficult at first, they are actually quite simple. This is because it is basically a parlay bet where you put the put the betting odds in your favor. Here is an example of a teaser bet:

Market	Points set for regular bet	Points set for six-point Teaser bet
Kansas City Chiefs	2.5	8.5
San Francisco 49ers	-2.5	3.5
Over/Under	45.5	Over 39.5, Under 51.5

 

Thus, if you bet on the Chiefs, they go from being a 2.5 underdog to an 8.5 underdog. Therefore, your odds of winning are now bigger. This is because the Chiefs can lose by 8.5 points instead of 2.5 points to win your bet. Thus, if a $100 bet is made on the spread, instead of winning $265 you win $90.90.

The nice part about a teaser bet is that the sportsbook pay per head software makes them easy to place. This is because you just need to enter the information and fill in the options you want.

Here are the typical betting odds for teasers

Point adjustment	Two teams	Three teams	Four teams	Five teams	Six teams
6	-110 / 1.909	+160 / 2.600	+260 / 3.600	+450 / 5.500	+700 / 8.000
6.5	-120 / 1.833	+140 / 2.400	+240 / 3.400	+400 / 5.000	+600 / 7.000
7	-130 / 1.769	+120 / 2.200	+200 / 3.000	+350 / 4.500	+500 / 6.000

 

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Rei do Pitaco Gets Online Sports Betting License in Brazil

Rei do Pitaco, previously recognized as one of Brazil's leading Daily Fantasy Sports operators, has obtained a license from the Secretariat of Prizes and Betting (SPA) within Brazil's Ministry of Finance to engage in sports betting and online gaming activities in the country. Among 114 applicants, Rei do Pitaco stands out as one of only 14 companies to secure a definitive license, while an additional 52 received provisional licenses.

Since its establishment in Brazil in 2019, Rei do Pitaco has now shifted its focus towards developing a premier, technology-driven online sportsbook software aimed at serving its millions of current customers, as well as the broader Brazilian population.

“I take immense pride in the dedication our team has demonstrated in laying a robust foundation for the future of sports betting in Brazil,” stated co-founder and CEO Kiko Augusto. “This license marks a significant milestone and underscores our commitment to operating within the established regulations. We are prepared to provide our users with an even safer, more dependable, and varied experience in accordance with Brazil’s regulatory framework.”

Rei do Pitaco Expects to Start Operating Online Sports Betting in January of 2025

The regulated sports betting sector in Brazil is anticipated to commence formal operations in January 2025, representing a substantial and largely untapped market for sports betting operators. Rei do Pitaco is a well-established and trusted name in Brazil, poised to play a significant role in the development of a rapidly growing industry projected to exceed $10 billion annually, with a total addressable market growth rate of 40% or more each year.

“We have already demonstrated our capability to create a leading platform within the Daily Fantasy Sports arena,” remarked co-founder Mateus Dantas. “Many current iGaming platforms in Brazil are merely generic marketing entities established by international firms lacking genuine investment in our nation. Our technology is developed in Brazil, for Brazil, by Brazilians, and we are eager to deliver our best to the local market.”

Rei do Pitaco is set to develop its entertainment hub entirely in-house, providing a wide range of sports betting options, tailored and localized casino games, as well as its already prominent fantasy sports offerings. The company remains committed to understanding the preferences of Brazilian sports enthusiasts, ensuring extensive coverage of the nation's sports markets, offering personalized recommendations based on local tastes, a diverse selection of casino games, and top-tier VIP and rewards programs.

"From the outset, we have adopted a strategic long-term vision, choosing not to pursue the establishment of an offshore betting hub, but rather focusing on compliance with Brazil's regulations," stated Augusto. "We are thrilled to have received this authorization from our government and look forward to operating within their guidelines to generate new employment opportunities, cultivate new sports fans, and establish a world-class sports betting service for millions of customers across Brazil."

 Rei do Pitaco's online sportsbook and iGaming platform has been licensed and accessible to users since January 2025.