NFL teaser betting is a popular form of sports gambling in which bets are placed on the outcome of two or more games.
In recent years, Stanford Wong’s strategy for NFL teaser betting has become increasingly popular among gamblers.
Wong Strategy is a method for increasing profit by moving the line through two key numbers (3 and 7) for optimal results.
This article will cover seven facts about Wong Strategy in NFL teaser betting that can help you profit.
It will discuss the key numbers, provide an overview of the strategy, and explain the impact it has had on the gambling industry.
Key numbers in football handicapping are 3 and 7, as most scoring plays result in either a field goal (3 points) or a touchdown (7 points with an extra point).
Stanford Wong, a math whiz and pioneering card counter, developed the Wong Strategy for NFL teasers in 2001. This strategy involves moving the line through these two key numbers, as well as teasing through certain opening lines on favorites (-7.5, -8, -8.5) and underdogs (+1.5, +2, +2.5). The idea behind this method is to increase the chances of winning a teaser bet.
According to Wong, this strategy is most effective in the NFL, as the level of parity is greater than in college football and the point spreads tend to be much smaller. Moreover, Wong advises avoiding games with Over-Under totals of 50 points or higher, as they tend to be more unpredictable.
Despite bookmakers increasing the vig (commission) on 6-point teasers from (-110) to (-120), Wong Strategy still offers the highest level of expected value over the long run.
Moving the line through two key numbers, 3 and 7, is the foundation of the Wong Strategy in NFL Teaser Betting. This strategy, developed by Stanford Wong in 2001, involves making two-team, 6-point teaser bets on NFL games. It is based on the concept of expected value over the long run, and has been proven to be highly effective in NFL teaser betting.
To maximize its effectiveness, the strategy suggests avoiding games with Over-Under totals of 50 points or higher, as they tend to be more unpredictable.
The only opening lines on a favorite that work for Wong Strategy teasers are (-7.5), (-8), and (-8.5). Similarly, the opening lines on an underdog that work are (+1.5), (+2), and (+2.5). This strategy can also be applied to underdogs. However, due to differences in parity and point spreads, it should only be applied to NFL teasers, not college football.
Bookmakers responded to the effectiveness of Wong Strategy by increasing the vig (commission) on 6-point teasers from (-110) to (-120). Many online sportsbooks now restrict or limit the type of teasers that Wong Strategy allows. Despite this, the strategy offers a higher level of expected value compared to other teaser strategies and has had a significant impact on the gambling industry.
Impact on Gambling
Stanford Wong’s insights and strategies have had a significant impact on the gambling industry. His success with card counting in blackjack led to changes in casino policies and his book ‘Sharp Sports Betting’ introduced the concept of optimal teaser strategy.
Wong’s Strategy has proven to be highly effective in NFL teaser betting, offering a higher level of expected value compared to other strategies. Bookmakers have responded by increasing the vig on teasers from (-110) to (-120). The added juice may not be worth the trouble, but the strategy has been proven to increase profitability in NFL teaser betting.
Games with Over-Under totals of 50 points or higher should be avoided when using Wong Strategy, as they tend to be more unpredictable. The NFL schedule may not always provide many opportunities for Wong Strategy teasers, but the strategy still offers the highest level of expected value over the long run.