What are Teaser Bets?
Teaser betting is another form of sports betting that allows a participant to combine bets on two or more different games, adjusting the point spreads for the two games against a lower return on any bet that actually ends up winning. In terms of sports betting, this is most commonly seen as a wager made between individuals relating to basketball and football. An example of this would be a multi-team wager, where the bettor chooses a minimum of two teams and is allowed a series of points which he is allowed to add or subtract to the teams chosen to improve the point spread. While the minimum is two teams, it is not uncommon for some sports betting participants to choose up to 15 teams.
In sports betting there are generally two types of teaser bets used. The first kind is the Super Teaser, which allows the participants choose three to five teams and assign a large number of points to add or subtract to the spread of their selections, which results in less money than that which is risked in one bet. The second type is the Vegas Teaser, which is a combination of a parlay and a teaser where the bettor receives fewer points to spread between his selections, but the more teams the individual chooses the higher the payout can be. Teaser bets are most often seen in football betting and basketball betting, and while the odds are such that the payout can be significant, all of the teams selected must win in order for the bettor to win their wager.