From spreads and totals to moneylines and futures, there are many different ways to bet on the NFL. If you’re familiar with NFL betting, the chances are that you also know a thing or two about Wong teasers.
What is a Wong teaser? How did the betting strategy come about? How have the bookies adapted to the success of Wong teasers over the years? Read on to find out the answers to these questions.
Who is Stanford Wong?
Stanford Wong is actually the pen name of John Ferguson, who is a famous gambling author. Born in 1943, Wong has written more than a dozen betting-related books over the years, including Sharp Sports Betting.
Wong’s first book, Professional Blackjack, was published back in 1975. The California native created a computer program that could analyze blackjack odds, helping him gain an edge over the house.
However, Wong is arguably best known for his research into the numbers behind NFL games. After studying the patterns and trends of football games, Ferguson came up with the Wong teaser. Keep reading to learn more.
What Is a Wong Teaser?
A Wong teaser is a six-point teaser that concerns favorites of -7.5 to -8.5 and underdogs of +1.5 to +2.5. Wong realized that most NFL games are decided by these numbers, meaning you can enhance your chances of winning a teaser bet.
It has been reported that NFL games are decided by three points roughly 15% of the team, with around 8% of games producing a seven-point margin. The reason for this is obvious, as teams are awarded three points for a field goal and seven points for a touchdown.
Since teasers move between the two key numbers of three and seven, Wong’s theory is that teasers are the most profitable way to bet on the NFL.
At most sportsbooks, your average two-team, six-point teaser will be priced at -110. However, Wong teasers offer far greater value. With a higher break-even percentage, Wong teasers can be very profitable.
A typical three-team, six-point Wong teaser looks like this: Miami Dolphins (+2.5), New England Patriots (+1.5) and New York Jets (-8). That would turn into this: Miami Dolphins (+8.5), New England Patriots (+7.5) and New York Jets (-2).
It is worth noting that bookies have changed the rules for this type of bet due to the success of Wong teasers, meaning they aren’t as profitable as they once were. Back in the day, betters enjoyed plenty of success using this method, but times have changed.
Still, Wong teasers remain popular among NFL bettors. Why not try it out for yourself?