Winning odds vary from place to place, so please refer to my pay tables for whom pays the best odds. Naturally, the more points the bettor takes, the less he stands to win. The bettor may choose to get 6, 6.5 or 7 extra points on each leg of the teaser. For example, the bettor might say, 'Three-team, 6-point NFL teaser on 213, 218 and 224 for $100.' Instead, the bettor tells the writer the number of legs in the teaser, number of additional points on each leg, the bet numbers he wishes to parlay, and the amount of the bet. 'Off the Board' (OTB) teasers are based on the current point spreads off the betting board at the time of the bet.

At the end of the day, sports are ultimately played by human beings, not statistics, so always take any predictions of future results, based on past results, with a grain of salt. The reader should assume there is some margin of error on any statistic on the probability of winning and expected return anywhere on this page. To get an understanding of how extra points affect the probability of winning, I created my Wizard Teaser Equation. To save time, rather than analyzing all 12 known types of parlay cards, I analyzed five types. Besides sample size variation, I also had to make assumptions about how point spreads were created on teaser cards.

I started with 1994 because that was the year the two-point conversion rule was introduced. The analysis on this page is based on the 4450 NFL games between the 1994 to 2012 seasons.

5dimes teaser payout chart