What Teaser means
A teaser is a multi-leg bet, similar structurally to a parlay, that shifts the spread or total on every single leg in the bettor's favor, in exchange for reduced payout odds compared to betting those same legs as a standard parlay. A common NFL "6-point teaser," for example, moves every leg's spread by 6 points in your direction - turning a -7.5 favorite into a -1.5 favorite on that leg. The trade-off is real: teasers pay much less than an equivalent parlay would, because the improved numbers meaningfully raise the probability of each leg hitting.
Key points
- A teaser is a multi-leg bet, similar structurally to a parlay, that shifts the spread or total on every single leg in the bettor's favor, in exchange for reduced payout odds compared to betting those same legs as a standard parlay.
- A common NFL "6-point teaser," for example, moves every leg's spread by 6 points in your direction - turning a -7.5 favorite into a -1.5 favorite on that leg.
- The trade-off is real: teasers pay much less than an equivalent parlay would, because the improved numbers meaningfully raise the probability of each leg hitting.
Example and context
A common NFL "6-point teaser," for example, moves every leg's spread by 6 points in your direction - turning a -7.5 favorite into a -1.5 favorite on that leg.
Related glossary terms
These terms sit in the same part of the betting vocabulary and are useful to read next.
← Back to the complete betting glossary