Take the same teams and make a 7-point teaser. New England would go from -7 to -.5, while New Orleans would go from -5 to +1.5. Take the same example and let’s do a 6.5-point teaser. Here is a chart of common teaser payouts and odds for a 6-point teaser. If you wanted to make a 6-point teaser, for example, the lines would change from New England -7 to New England -1, while New Orleans would go from -5 to +1. Imagine you wanted to bet a two-team teaser on the Patriots and the Saints. But it allows you to get a big advantage against the spreads. Teasers don’t pay nearly as much as parlays do. You definitely pay for the privilege of tilting points in your favor. The points are then shifted in your favor depending on which teaser you choose. You take 2 or more teams and “tease” them. The most popular teasers are 6, 6.5, and 7-point teasers.
But unlike parlays, you are able to move the point-spread in your favor. You put multiple teams on a ticket and are forced with the prospect of having to win all of the games for your bet to be a winner.
