Teaser Parlay Card Payouts

Point Spread Basics

Payouts on a 2 team parlay are standard throughout the industry at 13/5. Sportsbooks will pay $2.64 for every $1.00 wagered. Parlays and teasers are a great way to mix things up by betting on multiple games and outcomes at one time. Betting on single games is a reliable way to grow your bankroll with some basic sports betting strategy, but these ‘multi bets’ offer huge potential to increase your winnings when you’re supremely confident in more than one pick. 3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts. For example, a home underdog of 2½ points would qualify for such a teaser, as the leg would be increased to 8.5½ points in the standard six-point teaser mentioned earlier. This covers the 3. A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected.

If there is a plus next to the team you selected - add those points to the final score for your team.

If there is a minus next to the team you selected - subtract those points from the final score for your team.

ASK for a QUICK PICK

Not sure what selections to play? Just ask your Retailer for a full or partial quick pick. Quick pick is available for all selections or for teams only. The Lottery will generate a ticket with random selections.

FOR ALL PARLAY CARD CHANGES/UPDATES, PLEASE VISIT A SPORTS RETAILER OR CASINO SPORTSBOOK.

Wagers

• Totals (Over/Under) Wager (Pro Only)
  The Total is the combined amount of points scored by both teams during the game, including overtime.A player may wager Over or Under the total. In an Over wager, the player wagers that the total combined points scored by the two teams will be more than the total. In an Under wager, the player bets that the total points scored by the two teams will be less than the total. There will be no totals during the preseason. The Half-Point, Teaser and Super Teaser Parlay Cards will carry all totals. The $100,000 Parlay Card will have select totals on occasion. There is not a Totals-Only Card.
• Early Bird Card (Pro Only)
  To play Early Bird Cards, refer to the designated separate sheet for teams and point spreads. A new sheet is available each Monday and Tuesday. Download the most current sheet.
• Half-Point Parlay Card
  The Half-Point Parlay Card is the most popular type of card in Las Vegas and will offer payoffs ranging from 6.5 for 1 on a 3-selection parlay to 2,500 for 1 on a 12-selection parlay. All point spreads use half points, eliminating the possibility of a tie.
• Teaser Card
  On a Teaser Card, the point spreads differ from those on the Half-Point Card. The favored teams have to cover fewer points in order to be winning selections. The underdog teams receive more points. The payoffs on the Teaser Card are lower than they are on the Half-Point Card because of the advantage the player gets on the point spread. On a Teaser Card, players may parlay from 3 to 20 selections (since the point spreads have been adjusted, wagering is available on both sides of a game) and receive payoffs ranging from 12 for 5 to 1,000 for 1. All point spreads use half points, eliminating the possibility of a tie.
• Super Teaser Card
  On the Super Teaser card, the point spreads are adjusted even more than with the Teaser card. The favored teams must cover even fewer points in order to be winning selections. The underdog teams receive more points, The payoffs on the Super Teaser card are lower than they are on the Teaser cards because of the additional advantage the player gets on the point spread. On a Super Teaser card, players may parlay from 4 to 20 selections and receive payoffs ranging from 11 for 5 to 80 for 1. All point spreads use half points, eliminating the possibility of a tie. Players may bet on both sides.
• Reverse Teaser Card (Pro Only)
  On the Reverse Teaser card, the point spreads are adjusted so the favored teams must cover a larger point spread and underdog teams must cover a point spread that is smaller, and, in some cases, even minus points. In some cases, both teams in a game may be minus points and you may not bet both teams in that game. Because of these point-spread adjustments, the payoffs are much higher than those found on the other Teaser cards. On a Reverse Teaser card, players may parlay from 3 to 8 selections and receive payoffs ranging from 20 for 1 to 5,000 for 1. All point spreads use half points, eliminating the possibility of a tie.
• $100,000 Parlay Card (Pro Only)
  Players wager $5 and select 15 games against the point spread. If a player correctly picks 15 out of 15 games, he wins $100,000. If there is more than 1 winning ticket, the $100,000 prize is divided equally among the winning tickets. The $100,000 Parlay Card will have a few select Totals (Over/Under) Wagers upon occasion.

• Football Futures:
  

  No card required. This wager is offered for the entire current season. To place a bet, the player simply selects a team. The odds fluctuate during the season, but are locked in at the time the wager is placed. Note: The Delaware Lottery reserves the right to refuse any wager/multiple cards or delete or limit any selection(s) prior to acceptance of any wager.

Additional wagers:

• Off-the-Board Parlays
  In Off-the-Board Parlays, the point spreads may fluctuate from the opening line. Players can parlay from three to eight teams and receive payoffs ranging from 11 to 2 to 160 to 1. There is a $5 minimum bet on Off-the-Board Parlays.

• Off-the-Board Teasers
  The players can select 6, 6 1/2, 7, 10 and 14-point Teasers. A Teaser allows the player to add extra points to an underdog’s point spread or subtract points on a favored team.

• Halftime Wagers
  A halftime wager, for betting purposes, resets the score of a game at 0-0 at halftime of a game. For example, if the Green Bay Packers lead the San Francisco 49ers at halftime by a score of 14-10 and you wager on the Packers -3 1⁄2 points in the second half, the Packers must win the game by eight points or more to cover the spread. Halftime wagers also include any overtime periods that are played.
  

• Off-the-Board Odds

  Delaware Lottery Sportsbook and Sports Lottery Retailer Wagering Rules apply to parlay cards unless otherwise stipulated on the cards. The Delaware Lottery reserves the right to add, delete, or change its Wagering Rules and/or payoff odds at any time.

Note : Wagers are not available for Delaware based teams.

Where They Fit In Your Betting Arsenal

By Buzz Daly

If there is a common denominator that most of us are forced to deal with in an era fraught with uncertainty, it is the presence of stress in our everyday lives. That is even more true for frazzled sports bettors during this time of year when we must find time to handicap a crowded schedule of college bowl games and NFL playoffs as well as NBA and college hoops. It is a daunting challenge, but one that punters eagerly accept.

In the mad dash to isolate edges in our battle with bookmakers, who enjoy an 11-10 advantage, it is easy to be led astray by false prophets. Beware of those who would talk us off what they refer to as sucker bets, citing conventional wisdom which is flawed if not utterly fallacious. Whether the “expertise” comes from a self-serving tout or just a presumptuous friend, savvy players automatically question any advice that is presented as a slam dunk.

For instance, it is bedrock CW that parlays and teasers are sucker bets. This is gospel on Internet posting forums and among those who offer their impeccable opinions on social media. Touts assure us that straight plays are the only way to go, and for a small pittance, they will help us get rich at the expense of our bookie by giving us 1,000- star locks. To that I say, caveat emptor!

Certain parlay and teaser cards are for squares, but they are easily avoided – so let’s dispense with that issue. Simply ignore those cards that abuse bettors with short payoffs. In general, “ties lose” cards – which give the book a 1½ point middle on every game – are for suckers unless they compensate by offering a higher pay scale.

Also, scrutinize the wording on payoffs. Odds of 4 for 1 are actually 3-1. A standard parlay card payoff for 3/3 should be at least 6-1. Essentially, the definition of a sucker bet is one in which the payoff is well below the true odds.

The first rule in betting parlays is to know the true odds for the number of teams bet. Then compare the difference between what a card offers and the true odds. You are looking for the smallest possible variance. Just as a sharp player shops lines, so should you shop parlay and teaser card payouts. To help in this endeavor, below is a chart that shows real odds for hitting a parlay. Compare these numbers with the odds on any cards you’re considering.

There is a hidden edge for parlay card bettors. The lines are fixed! They are printed on Wednesday and distributed on Thursday, and those numbers are still available on Sunday. So by game day, there will be a number of matchups in which the variance between numbers on the card and current off-the-board lines give us an advantage. The books do remove some games due to a late injury, excessive line movement or unexpected extreme weather. But those are prominently displayed in the book as no longer available on cards.

Back in the 1980s, a California syndicate won millions of dollars from Vegas books just by betting parlay cards with fixed lines. At that time, cards were distributed on Wednesday using Tuesday lines. For the sharps, it was like stealing. And that is just what the bookmakers called it when they discovered how they had been skinned. Hence today’s card distribution is on Thursday, and payoffs are less generous than from that bygone era.

Today the books also fight back by offering a shrinking number of games listed on the cards. Just how conservative a sports book is can be determined by the size of its parlay/teaser card menu. Bookmakers squeeze bettors by reducing our betting options. Teams from smaller conferences are no longer offered, and totals are not available on every NFL game. Locals-oriented books generally give us more of a fighting chance than those that cater to visitors.

Teaser Parlay Payouts

But despite all the tools that books use to get an edge, there are still incentives for sharp players to take advantage of what is left. One strategy that I find useful is keying on two or three games where there is a one point or more variance with an off-the-board line – which is an extra half point on ties-win cards. Differences will inevitably occur because each sports book odds maker injects his opinion in the point spread. So some games will provide middles of up to three points when you compare cards from different shops.

6 Point Teaser Payouts

Sharp bettors who ferret out edges in parlay cards can take advantage of the cards’ inherent weakness, fixed lines.

Nfl Teaser Payouts

Teasers continue to grow in popularity, probably because bettors cash more teaser tickets than parlay tickets. Getting an additional 6, 6½, 7 points – and at some books 10 points, known as “sweetheart” teasers – makes betting teasers seem easier than it really is. You put together two or more plays, and all must win. Don’t be seduced by sweetheart teasers. The payoffs are meager, and getting 10 points is deceptive since ties lose. But you can avoid that by betting games with a ½ point.

Here are some guidelines:

• Only tease NFL games. Many books offer two sets of teaser odds, looser for college, sharper for NFL. A college 2-teamer costs 11-10; the NFL is 12-10. There is a reason for this. NFL lines are tighter and offer more games with winners on both sides.

• Tease up so you cross key numbers like 3, 7 or 10.

• Teasing a favorite down is tempting, but a dog winning outright will spoil the ticket.

• There are no consistent formulas for winning, but teasing home dogs is not the worst angle you can play.

Super Teaser Parlay Card Payouts

One tipoff that betting teasers can be a solid play is that during the NFL playoffs, some shops will not accept two-team teasers. The house is not comfortable with that liability.

Of course, for most of us the reason we bet is quite clear: the fun factor, which is not inconsiderable. As bettors, we thrive on living with the thrill of victory, as well as the agony of defeat.

If you are waiting for a final resolution and need just one more play to win a fat teaser or parlay card payoff, you have the option of sitting tight or hedging the last game and insuring you at least win something.