A Teaser Bet is a modified form of a parlay bet, meant to reduce risk to the player by offering the opportunity to bet on point spreads and/or game point totals. The spreads or totals are adjusted, or “teased” to give the player a better chance of winning, but at reduced odds. Teasers are usually only offered on football and basketball.

Teaser bets may seem a little complicated at first, but the best thing to do is break them down into individual smaller bets, and then look at it as one whole bet, like a parlay. For example, let’s suppose the Ravens are playing the 49ers. The teaser bet allows the player to wager on the spread and/or point total, so we’ll first use the point spread for our matchup:

First is the spread. Let’s assume you choose the Ravens to win at plus eleven points, this means that Washington must beat LA, or at least not lose the game by more than eleven points.

Onto step two – The Total, this is where the player choose the game’s total points (which is the final combo of points scored by both teams) to be at forty or less.

In order to win this wager, Baltimore must win the game, or at the very least not lose by more than 11, plus the total points scored in this game has to be under 40. This is looking like a parlay bet, isn’t it? However, now we add the teaser factor, which raises your chance of winning, just with a lesser payoff.

Step 3 – The Teaser Points – The player is offered 7, 8, or 9 point teaser on the bet. The player selects an 8 point teaser, which means that 8 additional points are added to the spread from Step 1: 11 + 8 = 19 point Spread, and 8 points are added to the total from Step 2: 40 + 8 = 48 point total – or under.

When it comes to teasers, and sports betting in general it is best to think of these wagers in small steps. You can then base your choices on each part instead of one big wager. Just keep in mind that adding points to a point total and a game spread may give you a greater chance of winning this bet, however you will always get a smaller reward; teasers turn parlys into bets with greater give, and higher chances for the bettor.

When is it a good idea to bet a Teaser? If you’re looking for a safer bet than a regular parlay, a Teaser bet is a good substitute. The teaser points allow for a little more risk tolerance, but this privilege also means you’ll get paid out less. In some cases, Teasers are better because you might still come out a winner, even though you would have lost had you placed a standard parlay bet.

Many sportsbooks will offer you teaser bets. Just be sure to look through the options with a keen eye, and take a look at the exotic or rare bets section in the event that teasers are not listed in the typical schedule. Teaser bets are a great way to let yoru bets have some give, and margin of error so that you are much more likely to win. Also, you will not be facing the far odds of a parly wager, which for some people makes teaser bets a much better choice.

Rich Allen is an expert in Sports Betting Tips and has worked for Las Vegas and Atlantic City books. His Sports Betting Professor Systems have sold over 250,000 units and cover all major sports including horse racing. Download a FREE copy of The Sports Betting Insider’s Guide at: http://richallensports.com/sports-betting-tips