SPORTSBOOK TERMINOLOGY

PARLAY BETS AND PARLAY TABLES

TEASERS

Note : Not all casinos have the same payouts. Be sure and check your casino and their teaser table.

A teaser is a selection of two or more teams in one wager in which the point spread or total is adjusted in your favor.  The number of teams selected and the number of points selected determines the payout odds. 

  • A ‘tie’ or ‘no action’ and a ‘win’ on a 2 team teaser shall constitute a ‘no action’ wager. 
  • A ‘tie’ or a ‘no action’ and a ‘loss’ on a two team teaser shall constitute a ‘losing’ wager.
  • Ties on a 3 or more team teaser shall revert to the next lowest betting bracket for pay-off:  for example: A 5 team teaser with one tie becomes a 4 team teaser (except on our special 3 team 10 point football or 7 point basketball teasers, on which the odds are 10/12 and ties lose).

An example of a teaser is as follows:
Let’s say you wish to choose three football teams: Denver -7, New York -3 and Chicago +15.  The payout of the wager is dependent upon how many points you wish to receive.  Let’s say you choose a 3 team 7 point teaser.    The point spreads are adjusted as follows:

  • Denver -7 plus the adjusted seven points = 0
  • New York -3 plus the adjusted seven points = +4
  • Chicago +15 plus the adjusted seven points = +22

If all of the three teams win against the adjusted spread, you win $12 for every $10 you wager.

Football Payout Table

The following table shows odds for football Teasers.

Number of Teams Played 6 point Teaser 6.5 point Teaser 7 point Teaser
2 10:11 10:12 10:13
3 16:10 14:10 12:10
4 25:10 20:10 18:10
5 40:10 35:10 30:10
6 60:10 50:10 40:10
7 90:10 80:10 70:10
8 140:10 120:10 100:10
9 19:1 14:1 12:1
10 23:1 19:1 14:1
11 30:1 23:1 19:1
12 40:1 30:1 23:1
13 65:1 40:1 30:1
14 85:1 65:1 40:1
15 120:1 85:1 65:1

Special 3 Team 10 Point Football Teaser

  • A 3 Team 10 Point Football Teaser pays odds of 10:12.
  • 3 Team 10 Point Football Teaser wagers only use the Point Spread. Money Lines or Totals cannot be used.
  • All ties lose in a 3 team 10 point Football Teaser.

Basketball Payout Table

The following table shows odds for Basketball Teasers.

Number of Teams Played 4 point Teaser 4.5 point Teaser 5 point Teaser
2 10:11 10:12 10:13
3 16:10 14:10 12:10
4 25:10 20:10 18:10
5 40:10 35:10 30:10
6 60:10 50:10 40:10
7 90:10 80:10 70:10
8 140:10 120:10 100:10
9 19:1 14:1 12:1
10 23:1 19:1 14:1
11 30:1 23:1 19:1
12 40:1 30:1 23:1
13 65:1 40:1 30:1
14 85:1 65:1 40:1
15 120:1 85:1 65:1

Special 3 Team 7 Point Basketball Teaser

  • A 3 Team 7 Point Basketball Teaser pays odds of 10:12.
  • 3 Team 10 Point Football Teaser wagers only use the Point Spread. Money Lines or Totals cannot be used.
  • All ties lose in a 3 team 7 point Basketball Teaser.