A Teaser Sport Bet is a parlay in which the bettors takes more points or lay fewer points than the line, thus adjusting the point spread in his favor. However, the bettor's payout odds are reduced when this is done. Teaser rules are as follows:

• A teaser can only consist of point spreads and totals; the bettor cannot buy points.

• The number of teams and the number of teaser points the bettor select determines his payout odds.

• A tie or no action and a win on a 2-team teaser shall constitute a no action wager.

• A tie or no action and a loss on a 2-team teaser shall constitute a losing wager.

• A tie on a 3 or more team teaser shall revert to the next lowest betting bracket. For example a tie on a three team teaser becomes a 2-team teaser.

Teaser Sport Bet Payoff Odds for Basketball and Football

Other Teaser Sport Bet

• 3-team, 10-point football teaser odds are 10/12 - ties lose.
• 3-team, 7-point basketball teasers odds are 10/12 - ties lose.

The two teasers listed above can only be made on the point spread. Money lines and totals cannot be used.

The point spreads are adjusted as follows.

• Denver -7 plus the adjusted six points = -1
• New York -3 plus the adjusted six points = +3
• Chicago +15 plus the adjusted six points = +21

If each and every one of the three teams wins against the adjusted spread, the bettor wins $16 for every $10 bet.

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Tipster's Corner by James Rodes

Just by flipping a coin, sports bettors will be right 50% of the time. At odds of 10/11, only 52.4% of the sports bettors' wagers have to win for them to overcome the bookmaker's profit and break even, so they only need a very small edge to become a winner.

Here's the low down on the different types of online sport bets:

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