Wong Teasers, so named for the sports bettor Stanford Wong who wrote about them in his book Sharp Sports Betting, comprise a sports betting system that does not require any handicapping skill to be profitable.  That's why we like them!

A teaser bet is a combination bet in which multiple single bets are combined on a ticket for a common result.  If you take a two-team teaser you select two spread bets and if both win you are typically paid -110 for your bet.  The tease is that you get to add some points to your spread for both bets.  In NFL betting a standard amount to add is 6 points.  The remainder of this article will presume we are discussing 6-point NFL teasers.

For example, if you were considering the following bets:

San Diego vs Los Angeles:  Los Angeles +2

Detroit vs Minnesota: Detroit -7.5

You can tease those bets and take Los Angeles +8 and Detroit -1.5, with a combined payout of -110 if both legs of your bet win.  You increase your odds of winning by adding points but decrease your payout odds.

Breaking Down Teaser Strategy.

In order to break even on -110 bets, you must win 52.38% of the time.  This means that to win your two-team teaser you must win both legs 52.38% of the time.  To do that you must win each leg 72.37% of the time.  (72.37%)*(72.37%) = 52.38%

If your leg is offered at -110 as a straight spread bet you would need to find opportunities where adding 6 points to the spread increases the probability of winning by more that 20 % (72.37% - 52.38%).  If adding 6 points does not add 20% to your winning probability then you are better off just straight betting the legs individually and not playing the teaser.

Wong Teasers are those teasers where there is > 20% added to the win probability when the 6 points are added.  Simply stated, they occur in the NFL where the favorite is favored by 7.5 to 8.5, or when the dog is getting +1.5 to +2.5.  Why?

When the favorite is giving up -7.5 to -8.5 and you can add 6, the range is now -1.5 to -2.5.  You have crossed over the 3 and the 7.  Those are key numbers in NFL spreads, as they occur with a very high frequency.

Similarly, if you take the dog at +1.5 to +2.5 adding the 6 points gives you +7.5 to +8.5.  This gets you over the 3 and the 7.

Getting over both the 7 and 3 adds roughly 25% to your win probability on a single NFL spread bet.  This gives you the favorable odds to play the teasers profitably without having to handicap the games.

Best Teaser Odds at 5Dimes: 6 pt / 3-team: +180, 6 pt / 4-team: +300