Teaser Wheel – It's been called the ultimate in NFL betting degeneracy, only for action junkies, stupid, exciting, and even brilliant....all of which is true.
Nearly 20 years ago, I invented something called the teaser wheel.
I explained how teasing one NFL team with a large portion of the remaining slate of games can result in a profitable and action-packed day.
For football gamblers who are adverse to risk and want action on multiple games, the teaser wheel is an ideal betting strategy. Most bettors could certainly do a lot worse on their own randomly picking against the spread, or could even be assured of losing money, if following the usual landmark of losers who struggle to beat the books. Best of all, the teaser wheel doesn't require much work. All it takes is guts, balls, and money – not necessarily in that order.
Here's a few articles from sports gambling writers on my teaser wheel idea:
BETTING THE NFL: THE TEASER WHEEL (Dr. Arthur Reber)
THE TEN HIGHLIGHTS OF MY LAS VEGAS TRIP (Dan Podheiser)
TOP TEN DEGENERATE TIPS FOR BETTING THE NFL (Dan Podheiser)
What is a Teaser Wheel?
The teaser wheel requires that we pick one NFL team and make that team the “hub.” This team is critical to the success of the wager. Everything flows from the outcome of this team that will be teased. Make the wrong decision with the hub team, and it becomes a sports betting disaster.
So, we have the hub team on our wheel.
Next, the “spokes” on the wheel are most of the remaining teams. This means we may have wagers on every NFL game. Sometimes, we will bet both sides of a game, which gives us a 12-point middle on a standard 2-team/6-point teaser. If and when the final score lands in the middle, we win both sides. This is the sweet spot of the teaser wheel.
The Teaser Wheel: Stage 2
I have refined my original system over the years. I now tend to avoid teams where the line crosses the ZERO. That’s because the added 6 points isn’t nearly as valuable around the zero. Since ties are rare in the NFL, teasing across the "pick 'em" is not recommended. So, a game teased 6 points isn’t nearly as beneficial when the line moves from -3 to +3. This is especially true since a line push (the final score lands right on 3) means “no action.” Best advice: Just skip those teams and perhaps pass on the entire game. You can bet plenty of others.
Another problem with teaser wheels that didn’t used to be a problem is the higher vig. Teasers used to be priced at -110. Now, they are -120 at most places. I have seen some sites with a -110 vig price, but then the ties lose. This makes them good targets for situations where the game line is a half-point (since there can be no ties). Honestly, betting the teaser wheel indiscriminately across the board and laying -120 is a marginal proposition (there's still some debate about this), even if we have confidence in our “hub” team.
Nonetheless, teaser wheels can still be profitable. But we must apply them more sporadically, and be very careful with the hub team.
Coming Next (to be posted Saturday): This week's NFL teaser wheel recommendation.