That means that you get to subtract six points the spread of a favorite and add six points to the spread of an underdog. A typical NFL or college football teaser, for example, is six points. What makes teasers unique, however, is that you get to adjust the odds in your favor. Teaser bets are most common in football and basketball - the against the spread sports. Like a parlay, a teaser is a wager that involves multiple games - two or more - and you must be correct in all of the games in order to cash your ticket and win the bet. We are here to explain everything about a teaser bet what it is, how it works, and the best way to use this option in your overall sports betting strategy. But some beginning bettors might not know what these unique and exotic sports wagers entail. Seasoned bettors are likely familiar with the teaser bet.