TEASER BETS
Teaser bets are popular sports bets. The main attraction of a teaser bet is that it allows you to adjust the point spread in your favor. Teasers are used in parlay bets (bets linking together two or more wagers) and whatever teaser amount you choose will apply to all wagers within your bet.
The cost of teasing your bet is that you will get less of a payoff.
Below you will find some typical payouts for teaser bets.
Other than the fact that you are teasing the bet, the bet operates like a typical parlay bet. If even one wager loses, you lose the entire teaser bet. If any single wager is a push, the teaser bet is still good, it just reverts down to the next level. So, for example, a four team teaser bet would become a three team teaser (and the payoff would be reduced accordingly).
Let's look at an example of an NFL football teaser bet. You want to make a 3 team NFL football teaser bet for $100 with the following game picks: Raiders -10, Cowboys +7, SD Chargers -7. You choose to tease the bet by 6 points.
A three team parlay would typically pay 6 to 1. Since you are teasing the bet by 6 points, your payout is now reduced to 8/6 (16/10). But, you get to add 6 points in your favor for each of the point spreads in your three game picks, thus increasing the likelihood that you will win those wagers.
Like parlays in general, teaser bets are not recommended as part of your regular routine as the odds and the juice tend to be most in your favor with straight wagers. But, teasers are a fun bet and may be appropriate in some circumstances where you feel you need a point spread cushion.
Typical Teaser Payouts
| Teams | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 6 points | 10/11 | 16/10 | 25/10 | 40/10 | 60/10 | 90/10 | 140/10 |
| 6.5 points | 10/12 | 14/10 | 20/10 | 35/10 | 50/10 | 80/10 | 120/10 |
| 7 points | 10/13 | 12/10 | 18/10 | 30/10 | 40/10 | 70/10 | 100/10 |
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