What is a teaser bet?

A teaser is a modified parlay where you adjust point spreads or totals in your favor by a set number of points — typically 6 in football and 4 in basketball — in exchange for lower payouts. For example, a 6-point NFL teaser lets you move a -7 spread to -1 across multiple games. Teasers appear safer but the reduced payout often does not fully compensate for the points given.