Friday, September 18, 2009

College Football and Wong Teasers

For those of you who were wondering what the hell is a teaser and how to bet them, here is a small explanation from the paper NFL Sports Betting and the Basic Strategy Teaser: A Practical Application of Bootstrap Methods by Carl P
To play a teaser, a bettor chooses 3 games to wager on. On each of the games, the bettor receives an additional +6 points on the spread, and wins his wager if all three selected games beat the readjusted spread. For example, a bettor deciding to place a teaser on three games with point spreads of +2, -7.5 and +1.5 wins his wager if the rst team covers at +8, the second team covers at -1.5 and the third team covers at +7.5. If any of the teams does not cover the readjusted spread, 1 then the wager is graded as a loss.
Because scoring in the NFL most commonly comes in chunks of 3(as a result of a eld goal) and 7 (as a result of a touchdown), 3 and 7 are the most common margin of victory (see gure 1). Thus, a teaser in which all the readjusted lines \cross" both the 3 and the 7, i.e., unadjusted lines between -7.5 and -8.5, or between +1.5 and +2.5 (henceforth referred to as teasable games), should hold extra value not possessed by other teasers. This is known as a basic strategy teaser.
The Geogia Tech/Miami game crosses the 7, the Virginia Tech/Nebraska game crosses the 3.

The Florida State teaser is clearly the worst one, as I had the option to tease the BYU side from -7 to -1 crossing both the 3 and 7. I just can't make a bet that will make me want to root for my team to lose.
Date placed:
Sep 17, 2009 1:57a
3 Team Teaser #148966473
Football - College Lines (Game) Point Spread

(101) Georgia Tech +11½ Thu@7:45p
Competitor:(102) Miami (Florida)
Teased 6.0 points
Football - College Lines (Game) Point Spread

(142) Virginia Tech +1 Sat@3:30p
Competitor:(141) Nebraska
Teased 6.0 points
Football - College Lines (Game) Point Spread

(175) Florida State +13½ Sat@7:00p
Competitor:(176) BYU
Teased 6.0 points
I already lost this bet unfortunately, Georgia Tech got trounced in their recent trip to Miami. Their QB is terrible and Miami can pass the ball really well.

As I recall, wong teasers are profitable for the NFL and not College Football, but I don't remember where I heard it or if it's true.

1 comment:

  1. Wong Teasers are most profitable in the NFL but may also work in College. I have done well this year but you need to stick to basic strategy...tease only two games and tease them seven points. Your bet will be -130 but it is worth it. You will hit 75 percent in a combination of NFL and College.

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