Methodology
- Estimate per-leg hit rate at the teased spread, not the original spread.
- Multiply per-leg probabilities to get combined parlay-style probability.
- Convert combined probability to fair American odds via implied probability.
- Compare fair odds against the standard teaser price to compute EV at $100 stake.
Reading the calculator output
The combined probability and fair price reveal how aggressive the teaser is at the per-leg rate you used. EV at the standard market price tells you whether the offered ticket is competitive.
- Fair odds tighter than standard price → positive EV
- Fair odds wider than standard price → negative EV at this hit rate
- Stress-test by dropping per-leg rate 2-3 points to see how fast EV evaporates
- Track realized hit rate and compare to your assumption every season
Two-leg 6-point teaser snapshot
Per-leg 74% hit rate at standard NFL prices.
| Field | Value | Reading |
|---|---|---|
| Per-leg hit rate | 74% | Common across-key-number rate |
| Combined probability | 54.76% | 0.74 x 0.74 |
| Fair American odds | -121 | From implied probability |
| Standard market price | -120 | Essentially fair |
At a 74% per-leg rate, the most common 2-leg 6-pt price is roughly fair — small per-leg drops flip the sign.

Responsible-use note
Analytics should support disciplined decision-making, not guaranteed outcomes. Bet only where legal, never risk money you cannot afford to lose, and use limits before volume increases.
FAQ
What is a Wong teaser?
A Wong teaser is a teaser of an NFL spread between +1.5 and +2.5 or -7.5 and -8.5 that crosses both the 3 and 7 key numbers when moved 6 points.
Why does the calculator need per-leg hit rate?
Teaser EV is sensitive to per-leg probability at the teased spread, not the original spread. Use historical key-number coverage rates as a starting point and adjust for season and matchup.
Are 7-point teasers better than 6-point teasers?
Sometimes. The extra half-point can cross another scoring band, but the standard price is usually worse. Run the calculator on both at the same per-leg rate to compare.

