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Sadonna Price
Updated: Oct 6, 2022
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Before we jump into the Wong Teaser strategy for football betting, let’s talk about what teaser betting is.
A football teaser is a unique form of parlay betting. Teasers need a minimum of two games.
When you are playing a teaser, a bettor can buy points and move the spread in either direction.
For example, the Week 4 Buffalo Bills vs. Baltimore Ravens game has a point spread of Bills -3.
If a bettor wanted to “tease” the Ravens, they could move the +3 points and instead make the spread Baltimore +9 or +10.
The most popular teaser bet is a 6-point, two-game teaser.
This allows a bettor to move the spread 6-points for both games in their teaser parlay.
Teaser Success Rate
Important Note – Our Teaser Success Percentages below are for individual games. A bettor must hit a 74% success rate to break even with football teasers.
Our heat map above is very interesting because it highlights what point spreads result in the highest success rate when teasing NFL football games.
The darker the green, the more successful the results for 6-point teasers.
This is interesting because the most successful spreads in our heat graph over the last ten years are the same spreads Stanford Wong told us would be successful several decades ago.
That helps explain why Mr. Wong has his own teaser strategy named after him.
Who Is Stanford Wong?
According to our friends at Wikipedia, Stanford Wong is actually John Ferguson and the man best known for writing the book Professional Blackjack, first published in 1975.
In 2001, Wong also published the book Sharp Sports Betting, which is considered by many to be a must-read for aspiring high-level bettors.
Stanford Wong is also the man who first understood how to bet football teasers correctly.
Wong realized that a 6-point teaser is most effective when you cross not one but two “key numbers.”
By teasing only six specific point spreads, we can push them across the key number 3 and the key number 7 when we are betting 6-point teasers.
Of course, in football, the two most significant key numbers are 3 and 7 points, (According to VSIN, approximately 25% of all NFL games end with either a 3 or 7-point difference.)
Our table above highlights the six possible point spreads that allow us to play a Wong Teaser.
These six specific spreads listed above can be teased to cross the key numbers 7 and 3.
So all that sounds impressive, but does it actually work?
Our graphic above shows us that there is a lot of value to be found with the Wong Teaser formula.
- Overall in the NFL, if you blindly teased all underdogs, you would be successful almost 71% of the time.
- When you tease only spreads of +1.5, +2, and +2.5, the success rate jumps to 75%.
When we analyze NFL favorites, the Wong strategy has an even more significant impact.
- Blindly teasing NFL favorites of any point spread is successful only 68.2% of the time.
- When you tease only spreads of -8.5, -8, and -7.5, the success rate jumps up an impressive 8%.
The results and success of the Wong Strategy with college football are very similar to what we see with the NFL.
The edges you find betting only Wong Teasers could make you wonder why you would bet teasers on other teasers at all.
Find Your Best Odds
We have now proved the Wong teaser system gives us a significant edge compared to a regular teaser bet, using thousands of NFL and college games from the last ten years.
However, that edge is not as significant as shopping around for your Best Odds.
Although teasers are similar to parlays bets because you need to be betting on multiple games, they are different than parlays because they come with fixed odds.
Our table above shows us that if you are into football teaser betting, then DraftKings and Caesars are your sportsbooks of choice, and it really isn’t that close.
DK and Caesars both have a 20% ROI advantage for three and four-game teasers compared to FanDuel.
Imagine our overall profit if we won an extra 20% on each winning bet.
And that is why we always shop around to find our Best Odds.
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