If bets and reverse bets are two of the more complex sports
wagers you can place, but they aren’t actually too difficult to
understand once you’re familiar with the concept. Although we
consider these to be advanced wagers, we do think it’s worth it
for beginners to learn how they work, because they do offer some notable
advantages.

A teaser bet is a group of straight bets (two or more) combined into one bet, where each individual line has been shifted to your favour by the number of points of the teaser. There are three main NFL teasers – 6, 6.5 and 7 point teasers. In a 6 point NFL teaser the line would be shifted by 6. If you’re new to sports betting, a two-team six-point teaser is a bet in which you get to move the line six points in your favor on both teams — but then both teams have to cover those new spreads for you to win your bet. If you see a pair of 10-point favorites, you could move both down to -4 in a two-teamer.

These bets are similar to parlays, in that they involve
making multiple selections, but they are lower risk and can
still offer a return even if you don’t get every selection
right. They can be great options if you want to bet on the
result of more than one match without risking too much of your
bankroll.

We’ve explained more about these wagers below, and provided
some examples of how they work in practice.

How If Bets Work

An if bet is a combination of two or more wagers, where the
result of each wager determines whether or not the subsequent
wagers are actually placed. This actually sounds a little more
complicated than it is. Basically, you make multiple selections
at whatever stake you choose. Your stake is then placed on your
first selection. If your first selection loses, you lose your
stake and the rest of the wager is cancelled.

If your first selection wins you get paid out, but with an
amount equal to your initial stake deducted. This amount is then
placed again on your second selection. If the second selection
wins you get paid out minus the original stake which is
then placed on the third selection. If the second selection
loses, then the rest of the wager is cancelled.

Teaser Odds Calculator

The number of selections you can include in an if bet will
vary from one bookmaker to another, but it’s typically between two
and six. The basic principle is always the same regardless of
how many selections you make. If you make two selections, then
the second selection only comes into play if the first selection
wins. If you make three selections, then the third selection
only comes into play if the first two selections win.

3 Team Teaser Payout

The best way to show exactly how if bets work is to use a
simple example using real betting markets.

Example If Bet

In this example we’ll use an if bet using two selections,
based on point spread betting in football. Take a look at the
following two betting markets.

Now let’s say that you decided to place an if bet on the two
favorites (the Steelers and the Broncos) to cover the spread,
staking $110. You make the Steelers your first selection and the
Broncos your second selection. $110 is deducted from your
account.

In this scenario, there are four possible combinations of
results, as follows.

1. Steelers Cover, Broncos Don’t
2. Both Teams Cover
3. Neither Team Covers
4. Steelers Don’t Cover, Broncos Do

Let’s look at what would happen to your wager for each set of
results.

At the point that the Steelers cover, you are due $100 in
winnings. You don’t get your initial $110 back though, because that
is rolled over to the Broncos. With the Broncos not covering,
you lose that $110. You still get the $100 return from the
Steelers selection though, so your net loss is just $10.

The Steelers covering gives you $100 in winnings, with your
initial $110 stake rolled over to the Broncos. The Broncos
covering gives you another $100 in winnings, plus your initial
stake back as there are no more selections. You’ve made a $200
profit.

At the point that the Steelers fail to cover, the rest of the
bet is cancelled. You are out your initial $110 stake. The fact
that the Broncos also fail to cover is irrelevant, because you have
no money riding on it.

Again, the rest of the bet is cancelled when the Steelers
fail to cover. Therefore the Broncos result is irrelevant again.
Even though they’ve covered, you have no money riding on the
game so you are still out your initial $110.

Order of Selections

The example outlined above not only illustrates how an if bet
works, it also highlights one fundamentally important aspect of
them. The order of your selections can affect the outcome of the
wager. In the last scenario listed above (Broncos covering,
Steelers not), you’ve lost your entire initial stake even though
one of your selections was a winner. This is because the second
selection didn’t come into play.

Had you picked the Broncos as your first selection, you would
have got the $100 winnings from that selection. You would still
have had an overall loss of $10, as you would have lost the $110
being rolled over to the Steelers, but that’s significantly
better than losing $110.

Please note that even though the Broncos were playing after
the Steelers, you still could have picked the Broncos as your
first selection. The order in which the matches are played
doesn’t matter for the purposes of an if bet, because the final
outcome of the bet is calculated once all relevant matches are
played.

The fact that the order of selections can affect the outcome
of an if bet brings an extra element of luck to these wagers,
which can be avoided by the use of reverse bets.

What Are Reverse Bets?

Reverse bets are if bets that work in all possible
directions. They are essentially a combination of each of the
possible if bets on any given number of selections, and as such
they eliminate the possibility of losing out on returns due to
the order of selections.

In the if bet example we just explained there were two
selections. The first selection was the Steelers, and the second
selection was the Broncos. If the Broncos covered the spread,
but the Steelers failed to do so, we showed that you would have
lost your entire wager.

This could have been avoided by placing a reverse bet instead
of a single if bet. In this instance, a reverse bet would have
basically combined an if bet with the Steelers as the first
selection and an if bet with the Broncos as the first selection.
This would have guaranteed you some money back if at least one
of your selections won.

Please be aware that when you place a reverse bet, your
initial stake is multiplied by the number of if bets it
combines. A reverse bet with two selections, as we’ve just
shown, is two if bets. One with Team A as the first selection
and Team B as the second selection, and one with Team B as the
first selection and Team A as the second selection. So, if you
placed a $55 reverse bet you would be staking a total of $110 –
$55 on one if bet and $55 on the other.

The following table shows how many if bets are included in a
reverse bet based on the number of selections. Note that the
number of if bets increases exponentially as the selections
increase. It’s worth bearing this in mind when placing reverse
bets, because it means your stakes increase exponentially too.

If bets and reverse bets can be very useful if used in the
correct way and for the right reasons. They are particularly
attractive as an alternative to parlays if you are willing to
sacrifice some of the potential returns for a lower overall
risk.

A reverse teaser bet pays out really big compared to other bets in the sportsbook. Not all sportsbook have them. How does a reverse teaser work?A reverse teaser is a wager based off the point spread. In a reverse teaser the favored team has to win by a lot more, or the underdog has to cover the spread of more or simply win. That is why it is called a reverse teaser, because the spreads get larger instead of smaller like a regular teaser does.

How Does a Reverse Teaser Work

A RT can be wagered on the point spread or the under and over. For example let’s say the Titans play the Chiefs and the spread is 7.5, and the over and under is 65. The Titans being the underdogs, you think they will win. The sportsbook will have cards already made for you. Based on which one you get will determine the point spread. Look carefully they might have different point spreads on the cards. You pick up a card and the teaser is 6 points. You can take the Chiefs and the over making the Chiefs have to win by 13.5 or more, and the overall score combined must be 71. Otherwise, you can take the Titans and the under or over. The Titans have to win straight up or only lose by 1.5 and the under or over can be 71 or 59. You must at least choose 3-8 wagers on a RT card. The odds are a lot higher on this wager. Some casinos pay 20 to 1 on just 3 teams.

What Is The Strategy of a Reverse Teaser

The simple strategy of a reverse teaser is to be smart with your bets. If you see a point spread that is to big and you think the underdog has a better chance than most people think, then you place that wager. Where people get ahead of themselves is when they believe to much or they don’t respect the lines. The lines are usually pretty close to the actual final score, so don’t try to beat every point spread. Spot the flaws, and study the games and you can come out on top.