Teaser
Encyclopedia
A teaser is a type of gambling
Gambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...

 bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.

A teaser is a type of wager used in sports betting
Sports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.-United States of America:Aside from simple wagers such as betting a friend that one's favorite baseball team will win its division or buying a football "square" for the Super Bowl, sports betting is...

 most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum of two teams up to, in some cases, 15 teams. The bettor will get points on his favor to add or subtract to the teams chosen to improve the point spread chosen.

There are two types of teasers known. The first kind, known as a "Super Teaser", "Special Teaser", "Big Teaser", "Monster Teaser", allows the bettor to choose 3, 4 and in some cases 5 teams, and gives a larger number of points to add or subtract to the spread of the selections chosen. In return the bettor will receive less money than the one risked in the bet.

The second type of teaser, known as a "Vegas Teaser", or simply a "Teaser", is more of a combination between a parlay
Parlay (gambling)
A parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much...

 and the first teaser explained. In this case the bettor will receive a fewer amount of points to adjust the spread of the selections chosen, but the more teams chosen in the wager (from 2 to 15 in some cases), the higher the payout will be.

Example of a Teaser

Superbowl XLV: Pittsburgh vs. Green Bay

Green Bay
Pittsburgh (+2.5)

Over/Under (45.5)

Normally, if you play these bets together as a parlay
Parlay (gambling)
A parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much...

, you'll win $260 on a $100 bet. However, with a teaser, you will win $100 on a $110 bet, 10 to 11 odds. The reasoning is because you will get 6 points to adjust the spread (in either direction).

If you bet on Pittsburgh, a +2.5 underdog, they are now +8.5 underdogs (+2.5 + 6).

If you bet on Greenbay, a -2.5 favorite, they now become +3.5 underdogs (-2.5 + 6).

Bet on the over and the line is 39.5 (45.5 - 6).

Bet on the under and the line is 51.5 (45.5 + 6).

Many bettors like the teaser bet because it gives the bettor more cushion, but like a parlay, you must hit all aspects of your bet to win.

External links

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