2024 NFL Bets: What Are The Best Odds For Wong Teasers At Online Sportsbooks?

Written By Eli Hershkovich | Published at September 2, 2024

The legal sports betting surge has helped originate many betting markets, particularly on NFL Sundays. Still, casual bettors may find them overwhelming. NFL parlays, which are bets that merge multiple picks for larger potential payouts despite having a lesser chance of cashing in, have seemingly taken over the industry. NFL teasers, specifically the Wong teaser, can supply a more advantageous strategy in the long run. Let's examine the best prices at NFL betting sites for this option.

Best sportsbooks for NFL Wong teaser odds

Sportsbook

Bonus

Features

Bet

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Bet Now BetMGM Review

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Bet Now DraftKings Review

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Up to $250 Bonus Bet

Wide coverage of US and international sports
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Bet Now Caesars Review

21+ New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Gambling Problem? 1-800-GAMBLER (1-800-426-2537)

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Bet Now Hard Rock Bet Review

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Highly rated mobile app
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Bet Now FanDuel Review

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Bet Now Fanatics Review

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What Is A Wong Teaser?

In Stanford Wong's book "Sharp Sports Betting," he introduces an approach referred to across the industry as the “Wong Teaser.” Bettors have become so well-versed in this concept that sportsbooks have adjusted their pricing. The goal is to manufacture a two-team, six-point teaser while wagering on favorites from -7.5 to -8.5 and underdogs from +1.5 to +2.5.

Sportsbooks intentionally aim to avoid teaser pockets in this domain when the situation calls for it. Remember that the best sports betting sites have different rules for grading teasers when one leg is a "push."

Let's say the Saints beat the Panthers by eight points (32-24) after a customer teases Carolina up from +2 to +8. At BetMGM, FanDuel, and DraftKings, this selection would be removed from the teaser, and the odds (and potential payout) would be recalculated with the remaining picks. If one pick in a two-pick teaser is a push — and the remaining pick is a winner — the teaser is void, and money is refunded.

However, at Caesars Sportsbook, if a teaser wager is reduced to one live leg (due to a push, void, etc.), the bet with a winning selection will be paid at the correct straight wager odds.

Wong Teaser Strategy

In recent years, more bettors have geared their attention toward teasing spreads with game totals in the low 40s, especially for underdogs.

This notion correlates with the probability of a tighter-scoring matchup deriving from a matchup with fewer points on the board. It tacks on a positive expected value, or +EV, of approximately 1% to each leg of the Wong teaser. Others have found that honing in on home teams for favorites and underdogs is more lucrative.

Nevertheless, I've had more success betting on road teams with lower totals, with the value of home-field advantage decreasing to roughly 1.5 points at sharper sportsbooks. Granted, injuries and the like could trigger enough market movement to warrant a different Wong teaser strategy during a given week.

Best Sportsbook Bonus Codes: NFL Week 1 Promos

https://youtu.be/GwS7fgOVY-Q?si=rLLTIPmOGhlChzPg

rankings for Wong teaser odds

Below are the top prices for Wong teaser odds among the best sports betting apps. As you'll find, the days of Wong teasers with -120 odds — let alone -110 odds — are dwindling.

DraftKings Sportsbook: -120
Caesars Sportsbook: -125
Hard Rock (Florida): -125
BetMGM Sportsbook: -130
FanDuel Sportsbook: -134
bet365 Sportsbook: -140 or worse (via alternate spreads)

DraftKings showcases the best price tag for this type of teaser as of this publication. It's also one of the few books that let users bet on Wong teasers for look-ahead lines, which dispense a snapshot of the market power rating of teams without the bias that surfaces after the weekend's results. For context, odds for NFL Week 1 have been available since mid-May.