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A teaser bet is a popular sports bet. 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.
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.
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