The bettor can choose several bets to put together on a teaser card. A teaser bet gives the bettor an advantage against the house by allowing the bettor to move the point spread.
If you are used to parlay bets, then a teaser bet is an alternate option from it. This alternate to a parlay bet is available for football and basketball contests only. The teaser bet must only consist of spread and total wagers. Sometimes the terminology of these two can be confusing for a novice sports bettor. You might also hear of a pleaser bet, where the line is moved in the house's favor and thus a higher payout for the bettor. What a teaser bet brings to the table is an adjusted point spread that increases the bettor's odds against the house, creating a lower payout. If one of the selections in the teaser bet loses, the entire ticket loses. A teaser bet is a form of parlay bet, meaning that the bettor pairs a bunch of individual bets together to form one ticket.
