What is a teaser bet in sports betting?
Teaser bets are basically special parlay bets. Many sports books offer teaser bets and they are very popular amongst online sports bettors. Let's assume that you are a fan of betting on basketball. A sportsbook might offer an 7 point teaser bet on a Chicago Bulls vs Detroit Pistons game. Let's say the spread for the game is Chi -4, Det +4. Since a teaser bet is a form of a parlay bet you will have to combine it with another type of bet. We will use an over/under bet in this example.
The O/U is currently 180 points. This is where the '7 point teaser" comes in. The sportsbook will allow you to change the spread and the OU bet by 7 points. Let's assume that you want to bet on the Pistons. They are currently receiving 4 points in this game. You can add on 7 points making it Det +11. You will also get to increase the OU from 180 to 187, making an under wager the way to go. So you are greatly increasing your odds of winning but there is a catch. You will have to win both bets in order to win.
So now you know what a sportsbook teaser bet is. Here is a recap of the types of bets I covered above:
Parlay - A bet on two of more outcomes. To win a parlay bet you must correctly pick each outcome. Parlay bets tend to offer huge payouts because of this. Be a seo hero.
Over/Under - An O/U bet is a bet on the total combined score of a game. You can bet that the combined score will be lower or higher.
Teaser - A special parlay bet that allows you to change the lines by a set amount. To win the teaser bet you must correctly pick each of the outcomes.