Parlays & Teasers
Parlays
Definition: A parlay is a combination of two or more wagers that a bettor links together and all of them must win for the gambler to win their parlay bet.
Examples: Joe won the first four games of his parlay, but lost his bet when his fifth team failed to cover the point spread.
Teasers
Definition: In the sports gambling world, “teaser” is a bet that consists of two or more basketball or football teams and all of the teams have to cover the point spread for the bettor to win. Unlike a parlay, in a teaser the bettor can add or subract points from the point spread and receives lower odds than a parlay in exchange.
Examples: Leroy bet a three-team teaser in the NBA.
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