Spread Gambling Definition

A teaser is a sports bet that is similar to placing a parlay bet. Both types of wagers are made by selecting two or more events to occur. Like a traditional parlay, each event selected for a teaser must win in order for the player to win to win the bet.

All multi-event wagers have the potential for larger wins but teasers don’t pay as much as a parlay. The attraction to teasers might be that they appear easier to win.

The main item that separates a teaser from a traditional parlay is that a bettor may alter point spreads and over/under totals between 4 and 10 points depending on the sport and teaser. Changing the point spread and point total make the wagers appear to be easier to win.

Winning multiple bets, no matter the point spread is never easy. However, the adjusted lines should help bettors find a little more confidence in their bets. The payout from the sportsbook for a teaser is lower than a parlay since these are anecdotally easier to win.

How a teaser works

Sports betting terms can be confusing, and the more you bet the more terms you'll want to learn. VSiN, The Sports Betting Network, has you covered with this list of terms to improve your betting IQ. Action - A bet or wager. Against the spread - The result of a game including the point spread. NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds from just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our great How to Bet on the NFL guide. Here is an example of a point spread for an NFL game and how it would look. The “spread” is the betting line or odds used to determine the parameters for wagering on either the favorite or underdog in a sporting event. Wagering on a spread is intended as a method to. As with all other sports betting concepts, the more you are exposed to point spreads, the easier they become to understand. Point Spread Odds and Line Moves After oddsmakers release the spread and odds for a slate of games, the betting market has a chance to weigh in. The point spread is a handicap placed on one team for betting purposes only, it has no place in the game itself. It's designed to give both teams an equal chance at winning in the context of wagers. Think of it this way: If last season's Super Bowl champion was playing a basement-dweller team that hadn't won a game all year, that's a shoo-in bet.

A teaser isn’t too difficult to understand after seeing how the point moving works. The easiest way to comprehend a teaser is to see an example. For simplicity, we’ll use a six-point teaser for football games:

Original wager options:

• New England Patriots +3 (-110) at Kansas City Chiefs
• Los Angeles Rams +3 (even) at New Orleans Saints

A two-team six-point teaser on the underdogs would change the point spreads to the following:

• New England Patriots +9 at Kansas City Chiefs
• Los Angeles Rams +9 at New Orleans Saints

A two-team six-point teaser on the favorites would change the point spreads to the following:

• New England Patriots at Kansas City Chiefs +3
• Los Angeles Rams at New Orleans Saints +3

A $10 parlay with the original point spreads would pay approximately $27.70. A $10 six-point teaser would pay $8.35. The same teaser will pay less if the point spreads or totals are teased by 6.5 or 7 points.

The process for selecting totals on a teaser is similar.

All sportsbooks offer a variety of teaser cards for football season. Football games can be teased by 6, 6.5, or 7 points. Some casinos offer 10 point teasers but only for a total of three sides and/or totals.

Sportsbooks offer teasers for basketball as well. However, they offer fewer basketball teaser cards than football. Basketball games can be teased by 4, 4.5, 5, 5.5, or 6 points.

Placing a teaser in person

A teaser in a land-based casino can be done in two ways. A player simply can tell the ticket writer how much they’d like to wager, how many points they’d like to tease and the point spread and totals that they would like to tease. It’s rare to see a person bet a teaser in person like this.

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The in-person process can be confusing and time-consuming. Most teaser bets in land-based casinos are placed using a teaser card. Filling out a card in advance of visiting the sportsbook desk is a quick way to complete the transaction since all of the information is already filled in.

Casinos offer a variety of parlay and teaser cards. Make sure to read the rules and payout before choosing a card.

Betting teaser cards

Casino operators have different computer systems for parlays and teasers so the process might be different at certain casinos. Most teaser cards have fixed point spreads and Over/Under totals. In this case, the information on the card won’t change when a teaser bet is placed.

Some sportsbook operators might use a “live line” even though a teaser card lists a specific line from the morning. This allows the casino to change the point spread or point total based on what the current line is when the teaser is placed.

The ticket writer will ask the player if they’re okay with the changes before finalizing the bet. This process can be intimidating for new bettors when a sportsbook is busy and the lines are long. Bettors don’t have to accept the new lines and shouldn’t be afraid to decline the line changes.

Placing a teaser at an online sportsbook

Placing a teaser at an online sportsbook might be the easiest way to make this kind of wager. A teaser can be made simply by selecting the teams and totals, selecting “teaser,” and choose how many points to tease.

Spread Gambling Definition

Online teaser cards make the process even more simple. The teaser card will show the adjusted point spreads and totals for each card. The player simply chooses between two and eight sides or totals then selects how much they’d like to wager. Just enter “submit” and confirm the bet. That’s all it takes to bet a teaser online.

Teaser Payouts

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Once a bet is placed, the odds paid remain fixed no matter what computer system a sportsbook uses. Teaser payouts are smaller than traditional parlays.

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For example, a two-team point spread parlay might pay 2 to 1 odds if both events are winners for the player. Meanwhile, a two-team teaser might pay -110 if both events are winners.

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The more points used to tease lines, the less the payout will be. A six-point teaser might return 10-11, while a 6.5-point teaser only returns 10-12, and a seven-point teaser returns 10-13.

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Actual pay schedules vary by teaser type and sportsbook. Check the pay schedule before placing a teaser or any other bet.