Similar to a parlay
, a teaser bet
is a single bet that links together two or more individual wagers
but is different in that it also allows you to adjust the point spread
of each individual wager. In exchange for the points, you will get less of a return on your bet. Each of the individual wagers must win or the bet is a loss.
Example: Joe placed a three-team 6-point teaser on the Bucs, Raiders and Rams. If any one of those team wagers lose, after applying an extra six points in Joe's favor, Joe loses his teaser bet.
Pregame.com offers the Sports Gambling Glossary to give you a better understanding of sports betting terms and definitions so you can bet with confidence.