In layman terms, a teaser is a parlay bet that uses modified point spreads. In football, the most common modification is six points. So let’s say this week there are two bets you like: Jets -7.5, Raiders +1.5. Rather than betting these straight or in a parlay, you could make a two team six point teaser bet of Jets -1.5, Raiders +7.5. To win the bet, you’ll need both teams to cover. Teaser odds vary from site to site. When betting six point football teasers, you want to find NFL 2 team 6 point teasers at -110 or better. The rules for pushes are generally the same at each site. If a leg in a teaser pushes while any other leg is a loss, the teaser bet is graded a loss. A push and a win would result in no action and bets are refunded.
Let’s use 2 team 6 point (-110) teasers. As you might already know, to break even at -110 you need to win 52.38% of your bets. The formula used to calculate this is risk divided by return, where return equals stake plus win. For example, a bettor...