Don’t miss out on our page explaining Underdog Betting. Teaser Betting ExplainedĪs we said above, with a teaser bet, you’re getting points in your favor, whether it be to make a lower spread for a favorite or higher spread for an underdog. So a 4-leg parlay of untouched spread bets could be a 10/1 payout, a teaser bet with those same games with the number adjusted may pay out closer to 2/1 or 3/1. While the number is in your favor, the price change isn’t. We wish the sportsbooks did this out of the goodness of their hearts, but unfortunately they don’t. Teaser betting is most commonly done with football spreads and totals, as well as basketball spreads and totals.īut the difference with a teaser bet compared to just a regular parlay is that, in teaser betting, you’re getting points in your favor. Just like a parlay bet, a teaser bet requires you to win every game to cash the bet.

Essentially, a teaser is a different type of parlay. By now you’re probably wondering exactly what a teaser bet is.

Nfl 3 team teaser rules