3. A tie, called a 'Push' or a bet graded 'No Action' reduces the number of bets (teams) in a regular teaser of three or more teams. For example: A four-team teaser with two ties reduces to a two-team teaser, and the payout is recalculated based on the reduced number of teams.
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. Teaser bets are most common in football and basketball -- the against the spread sports .
If a pick in a teaser results in a push/draw, that pick is removed and the odds are adjusted accordingly. A push in a two-pick teaser, without a loss, is considered “no action” and the wager is refunded. When placing a bet on a Super/Monster teaser, a push means the bet is considered lost.
If you're new to sports betting, a two-team six-point teaser is a bet where you get to move the line SIX points in your favor on BOTH teams…but then both teams HAVE to cover those new spreads for you to win your bet. If you see a pair of 10-point favorites, you could move them both down to -4 in a two-teamer.
In most cases, teasers will not be a good option for the bettor looking to make money. Similar to parlays, tying multiple bets into one wager in which they all must win just increases the chances of the sportsbook scooping up your money. You're not getting compensated enough for the compounding risk.
Similar to normal parlay bets, the odds of teaser bets are tipped ever so slightly in the house's favor. A normal leg in parlay is often priced at -110 odds and means you need to win roughly 53% of the time to be profitable. When it comes to teasers, you need to win each game 73% of the time in order to make a profit.