Can You Bet Teasers on DraftKings?
Yes‚ DraftKings offers teaser bets for both professional and college football and basketball.
What is a Teaser Bet?
A teaser bet is a type of parlay bet that allows you to adjust the point spread or game total in your favor. Essentially‚ you’re “teasing” the lines to give yourself a better chance of winning. For example‚ if the Kansas City Chiefs are favored to win by 7 points‚ you could “tease” the spread down to 3.5 points‚ making it easier for them to cover. However‚ while teasers offer improved odds of winning compared to standard bets‚ they also come with reduced payouts since you’re getting a more favorable line.
To place a teaser bet‚ you’ll typically need to select two or more games and choose the teaser option on your bet slip. The teaser will then adjust the point spreads or totals for all of the games you’ve selected by a predetermined amount‚ such as 6 points for football or 4 points for basketball. If all of your selections win with the adjusted lines‚ you win the teaser bet.
Keep in mind that the specific rules for teaser bets‚ including the number of points you can tease and the minimum number of games required‚ can vary depending on the sportsbook and the sport you’re betting on.
How to Place a Teaser Bet on DraftKings
Placing a teaser bet on DraftKings is a straightforward process‚ very similar to placing a standard parlay bet. Here’s a step-by-step guide⁚
- Log in to your DraftKings account⁚ Make sure you have an active DraftKings account and are logged in.
- Choose your sport⁚ DraftKings primarily offers teasers for football and basketball. Select the sport you want to bet on.
- Select your games⁚ Browse the available games and choose the two or more games you want to include in your teaser.
- Access your bet slip⁚ Add your selections to your bet slip. The bet slip is usually located at the bottom of the screen for mobile devices and the top right corner for desktops.
- Select ‘Teaser’⁚ Within your bet slip‚ choose the ‘Parlay’ option‚ and then select the green ‘Teaser’ button. This will bring up the teaser options.
- Choose your teaser⁚ DraftKings typically offers standard teasers with predetermined point adjustments (e.g.‚ 6 points for football‚ 4 points for basketball). Choose the teaser that aligns with your desired point spread or total adjustments.
- Enter your wager⁚ Input the amount you want to wager on your teaser bet. The potential payout will be displayed based on your selections and the teaser odds;
- Confirm and place your bet⁚ Review your selections and the wager amount. Once you’re satisfied‚ confirm and place your teaser bet.
Remember to check the specific teaser rules and payout structure before placing your bet‚ as these can vary.
DraftKings Teaser Rules
While similar to parlays‚ DraftKings Teaser bets come with their own set of specific rules you need to be aware of⁚
- Sport and League Availability⁚ Teasers are typically offered for football (NFL and college) and basketball (NBA and college). Availability may vary depending on the time of year and specific events.
- Pre-Game Wagers Only⁚ You can only place teaser bets on pre-game lines; In-game wagering is not permitted with teasers.
- Minimum Number of Selections⁚ You need to select a minimum of two games to create a teaser bet.
- Fixed Odds⁚ Unlike standard parlays where odds can vary‚ teasers have fixed odds based on the number of teams and the points used.
- Ties Lose⁚ In a teaser‚ if any of your selected games result in a tie or push (after the point spread adjustment)‚ the entire teaser bet is considered a loss.
- Maximum Point Adjustments⁚ DraftKings sets maximum point adjustments for teaser bets. These typically range from 6 to 7 points for football and 4 to 5 points for basketball.
- Promotional Restrictions⁚ Some DraftKings promotions or bonus offers may not be eligible for use with teaser bets. Always check the terms and conditions of any promotions.
Be sure to review the complete DraftKings House Rules for a full understanding of all terms and conditions related to teaser bets.
Benefits and Drawbacks of Teaser Bets
Teaser bets‚ like all wagering options‚ come with their own set of advantages and disadvantages. Understanding these can help you decide if a teaser aligns with your betting strategy⁚
Benefits⁚
- Increased Winning Probability⁚ By adjusting point spreads or totals in your favor‚ you increase the likelihood of winning individual legs of your teaser‚ thus boosting the overall chances of the teaser hitting.
- Hedging Against Close Games⁚ If you anticipate a game being close‚ teasers can provide a safety net by shifting the point spread to provide a more comfortable margin.
- Potentially Higher Payouts Than Straight Bets⁚ While lower than standard parlays‚ teaser payouts can still offer decent returns compared to placing individual straight bets on the same games.
Drawbacks⁚
- Reduced Payouts Compared to Parlays⁚ The trade-off for more favorable lines in teasers is that the potential payouts are lower than traditional parlays.
- Ties Lose⁚ Unlike some other bet types‚ a tie or push in any leg of your teaser results in a loss for the entire wager.
- Temptation to Overextend⁚ The allure of adjusting lines can lead bettors to include too many games or make overly aggressive point adjustments‚ increasing the risk of losing.
Carefully weigh the pros and cons of teaser bets to determine if they are a suitable option for your risk tolerance and betting goals.