A teaser is a sports bet that is similar to placing a parlay bet. Both types of wagers are made by selecting two or more events to occur. Like a traditional parlay, each event selected for a teaser must win in order for the player to win to win the bet.
All multi-event wagers have the potential for larger wins but teasers don't pay as much as a parlay. The attraction to teasers might be that they appear easier to win.
The main item that separates a teaser from a traditional parlay is that a bettor may alter point spreads and over/under totals between 4 and 10 points depending on the sport and teaser. Changing the point spread and point total make the wagers appear to be easier to win.
Winning multiple bets, no matter the point spread is never easy. However, the adjusted lines should help bettors find a little more confidence in their bets. The payout from the sportsbook for a teaser is lower than a parlay since these are anecdotally easier to win.
Teaser Parlay Payouts
A Teaser is a bet on two or more teams or selections. The difference between a teaser and a parlay is that in a teaser YOU ADJUST (tease) THE LINE IN YOUR FAVOR. For example: If New England Patriots are favored by seven points in one game and the Buffalo Bills are favored. So, the bettor can't benefit from only one adjusted spread. At some books, there's also the possibility of a 'sweetheart teaser.' That is either a three-team, 10-point teaser for -110 odds, or a four-team, 13-point teaser for -120. Unlike regular teasers, these generously large teasers will result in a.
How a teaser works
- A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games. The allure of these bets has always been a larger payout than choosing a single team to win. But there's more gamble to these types of wagers because every 'leg' of the parlay needs.
- That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay. Parlay bets can.
- A Teaser is a Combination of 2 to 10 Football or Basketball Selections in Which the Point Spreads and/or Totals are Adjusted in your Favor in Exchange for a Lower Payout. More on Teaser Rules & Payout.
A teaser isn't too difficult to understand after seeing how the point moving works. The easiest way to comprehend a teaser is to see an example. For simplicity, we'll use a six-point teaser for football games:
Original wager options:
- New England Patriots +3 (-110) at Kansas City Chiefs
- Los Angeles Rams +3 (even) at New Orleans Saints
A two-team six-point teaser on the underdogs would change the point spreads to the following:
- New England Patriots +9 at Kansas City Chiefs
- Los Angeles Rams +9 at New Orleans Saints
A two-team six-point teaser on the favorites would change the point spreads to the following:
- New England Patriots at Kansas City Chiefs +3
- Los Angeles Rams at New Orleans Saints +3
A $10 parlay with the original point spreads would pay approximately $27.70. A $10 six-point teaser would pay $8.35. The same teaser will pay less if the point spreads or totals are teased by 6.5 or 7 points.
The process for selecting totals on a teaser is similar.
All sportsbooks offer a variety of teaser cards for football season. Football games can be teased by 6, 6.5, or 7 points. Some casinos offer 10 point teasers but only for a total of three sides and/or totals.
Sportsbooks offer teasers for basketball as well. However, they offer fewer basketball teaser cards than football. Basketball games can be teased by 4, 4.5, 5, 5.5, or 6 points.
Placing a teaser in person
A teaser in a land-based casino can be done in two ways. A player simply can tell the ticket writer how much they'd like to wager, how many points they'd like to tease and the point spread and totals that they would like to tease. It's rare to see a person bet a teaser in person like this.
The in-person process can be confusing and time-consuming. Most teaser bets in land-based casinos are placed using a teaser card. Filling out a card in advance of visiting the sportsbook desk is a quick way to complete the transaction since all of the information is already filled in.
Casinos offer a variety of parlay and teaser cards. Make sure to read the rules and payout before choosing a card.
A teaser isn't too difficult to understand after seeing how the point moving works. The easiest way to comprehend a teaser is to see an example. For simplicity, we'll use a six-point teaser for football games:
Original wager options:
- New England Patriots +3 (-110) at Kansas City Chiefs
- Los Angeles Rams +3 (even) at New Orleans Saints
A two-team six-point teaser on the underdogs would change the point spreads to the following:
- New England Patriots +9 at Kansas City Chiefs
- Los Angeles Rams +9 at New Orleans Saints
A two-team six-point teaser on the favorites would change the point spreads to the following:
- New England Patriots at Kansas City Chiefs +3
- Los Angeles Rams at New Orleans Saints +3
A $10 parlay with the original point spreads would pay approximately $27.70. A $10 six-point teaser would pay $8.35. The same teaser will pay less if the point spreads or totals are teased by 6.5 or 7 points.
The process for selecting totals on a teaser is similar.
All sportsbooks offer a variety of teaser cards for football season. Football games can be teased by 6, 6.5, or 7 points. Some casinos offer 10 point teasers but only for a total of three sides and/or totals.
Sportsbooks offer teasers for basketball as well. However, they offer fewer basketball teaser cards than football. Basketball games can be teased by 4, 4.5, 5, 5.5, or 6 points.
Placing a teaser in person
A teaser in a land-based casino can be done in two ways. A player simply can tell the ticket writer how much they'd like to wager, how many points they'd like to tease and the point spread and totals that they would like to tease. It's rare to see a person bet a teaser in person like this.
The in-person process can be confusing and time-consuming. Most teaser bets in land-based casinos are placed using a teaser card. Filling out a card in advance of visiting the sportsbook desk is a quick way to complete the transaction since all of the information is already filled in.
Casinos offer a variety of parlay and teaser cards. Make sure to read the rules and payout before choosing a card.
Betting teaser cards
Casino operators have different computer systems for parlays and teasers so the process might be different at certain casinos. Most teaser cards have fixed point spreads and Over/Under totals. In this case, the information on the card won't change when a teaser bet is placed.
Some sportsbook operators might use a 'live line' even though a teaser card lists a specific line from the morning. This allows the casino to change the point spread or point total based on what the current line is when the teaser is placed.
6 Team Teaser Odds
The ticket writer will ask the player if they're okay with the changes before finalizing the bet. This process can be intimidating for new bettors when a sportsbook is busy and the lines are long. Bettors don't have to accept the new lines and shouldn't be afraid to decline the line changes.
Placing a teaser at an online sportsbook
Placing a teaser at an online sportsbook might be the easiest way to make this kind of wager. A teaser can be made simply by selecting the teams and totals, selecting 'teaser,' and choose how many points to tease.
Online teaser cards make the process even more simple. The teaser card will show the adjusted point spreads and totals for each card. The player simply chooses between two and eight sides or totals then selects how much they'd like to wager. Just enter 'submit' and confirm the bet. That's all it takes to bet a teaser online.
Teaser Payouts
Once a bet is placed, the odds paid remain fixed no matter what computer system a sportsbook uses. Teaser payouts are smaller than traditional parlays.
For example, a two-team point spread parlay might pay 2 to 1 odds if both events are winners for the player. Meanwhile, a two-team teaser might pay -110 if both events are winners.
The more points used to tease lines, the less the payout will be. A six-point teaser might return 10-11, while a 6.5-point teaser only returns 10-12, and a seven-point teaser returns 10-13.
Actual pay schedules vary by teaser type and sportsbook. Check the pay schedule before placing a teaser or any other bet.
Teaser bets are a very popular sports bet. Especially in football and basketball, because a football teaser bet allows you to adjust the point spread in your favor. Teasers allow you to have an advantageous point spread while selecting 2 to 8 teams or more depending on the sportsbook. You may tease a side or a total of a football game and also cross sports by teasing football games with basketball games.A teaser bet is kind of like a parlay, but you are buying points in your favor as it relates to the point spread. For instance, let's say that you wanted a three team 4 point teaser for Sunday's football games.
Teaser Bet Odds
- Let's say that you picked these three teams to win:
- Washington Redskins to win
- Pittsburgh Steelers to win
- Detroit Lions to win
Teaser Payout Chart
Now let's say that all three of these teams were 6 point underdogs. So, in the three team, 4 point teaser, you would get an extra 4 points in each game, meaning that instead of a 6 point spread, it would be a ten point spread. A teaser bet is a lot like a parlay bet, all of the games you picked must win in order for you to win. As well because you are 'buying' points, the win return is smaller.
Use our Teaser Calculator to determine the outcome of any particular teaser combination. Our Teaser Calculator allows you to select up to 12 teams in a teaser bet.
