A teaser wager is a wager on two or more teams or selections. The difference between the teaser wager and the parlay is that the player can adjust or tease the line in his/her own favor. For example, if the Denver Broncos are favored by seven points in one game, and the Seattle Seahawks are favored by 10 points in a second game, a teaser could very well favor the player. That is, a six point, two team teaser would adjust the point spread six points in favor of the player. In effect, Denver would now be favored by one point (7-6 = 1) and Seattle would be favored by four points (10-6 = 4).
In this particular example the player is wagering that Denver will win by more that one point (7-6 = 1) and Seattle will win by more than four points (10-6 = 4).
Football teaser wagers and odds are as follows :
A Loss and Tie = Loss
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Basketball teaser wagers and odds are as follows :
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More About Teasers Betting
A Teaser is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determines the payout odds. A “Tie” or “No Action” and a “Win” on a two team teaser shall constitute a “No Action” wager. A “Tie” or a “No Action” and a “Loss” on a two team teaser shall constitute a “Losing” wager. Ties on a three or more team teaser shall revert to the next lowest betting bracket. (Example: A tie on a three team becomes a two team teaser.)
An example of a teaser wagers is as follows. For our example, let us say you wish to choose three football teams: Denver -7, New York -3 and Chicago +15. The payout of the wager is dependant upon how many points you wish to receive. Let us choose a 3 team 7 point teaser. If we look at the chart below, this wager is listed as 12/10, which means we will win $12 for every $10 that we wager. The point spreads are adjusted as follows
Denver -7 plus the adjusted seven points = Even
New York -3 plus the adjusted seven points = +4
Chicago +15 plus the adjusted seven points = +22
Therefore, if each and every one of the three teams wins against the adjusted spread, you win $12 for every $10 you wager.