The NFC +100 no juice bet means I'm averaging out around -110 for the hedge, but I'm getting a real shot at winning both sides (with AFC down to -0.5).
Wouldn't be one teased bet, but a larger number for first leg, until risk on NFC bet was matched. Basically, I would get a hugely improved line for bets I would bet anyway. Losers would be tossed out, and winners go on until risk on NFC bet was matched.
Edit - In this case, it wouldn't really have to be an open teaser format (normally so for games more than a week away), but could be regular teasers, unless you wanted to include games after the Super bowl.
I would probably combine angles. For instance, by paying the juice for the AFC -6 -120 to lower my risk (25% of bankroll on one game is a bit steep to me), continuing to play my normal bets, and also playing those normal bets as teasers for a smaller bet size until amount risked on NFC bet was matched. (A teaser for AFC -0.5 and NFC +6 includes my projected outcome for Superbowl, so that would be a nice angle.)
A mathematical analysis to the right side of the decimal point is just not realistic to me, unless I would do so for all bets. The Lord knows I don't.
