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All betting terms

Betting Glossary

Teaser

Definition

A multi-leg bet that lets you move every spread or total a fixed number of points in your favor in exchange for a lower combined payout. All legs must still win for the teaser to cash.

Related terms

  • Parlay — A single bet combining multiple selections that all must win. Bigger payouts, but the vig compounds on every leg.
  • Spread — A handicap on the favorite (−6.5) and underdog (+6.5). The favorite must win by more than the number to cover.

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