The teaser bet is like the parlay bet in that you are betting on more than one game. You could be betting on up to 15 games, depending on the scenario. Remember the more games that are in the mix, the less likely it is that you will be right, and so the higher the payoff if you are.
The teaser and the parlay bet have an important difference; a bettor can change the point spreads in a teaser bet. Of course, when he makes the point spread more favorable, he is up to win less money. Though more likely to win it. Keeping the point spread compact could pay off in the end, if you make the right calls.
You should know that there are two kinds of teasers. The first is know by some happening names like the “Monster Teaser” or “Super Teaser”. If you are partial to the Monster Teaser, you’ll be allowed to choose 3 or 4 games (occasionally even 5) and lots of flexibility to make changes to the point spread. So, the bettor is granted a large number of points that he can add to or subtract from the point spread. This sounds like a good deal, and it is, but you do risk more money than you stand to win. (This is always the way in the world of NFL betting.)
The second kind of teaser is even more hardcore; it is sometimes called a “Vegas Teaser”. In this version of the teaser, you are not given as many points as you would be if playing a Monster Teaser, but you do receive a higher payout if you win.
The alluring thing about the Monster Teaser is that, as a bettor, you have been granted some maneuvering room; the high number of points that you have to adjust the spread can help you to guide the outcome in your favor. Though the thrill of the Vegas Teaser is that potentially large pot sitting just within your reach, should all of your proverbial chips fall where you want them to.