Gambling terms, explained straight

Sports Betting

Teaser payout chart

A table that lists the payout a bettor receives for a teaser wager, based on the number of teams selected and the point adjustment applied.

Minimum teams
2
Maximum teams
Up to 151
Payout comparison
Lower than a regular parlay because adjusted lines improve winning chances2

Key points

  • The chart maps a teaser choice to its payout; more favourable point adjustments mean a lower return.1
  • Larger teasers with more teams can offer a higher payout in some formats.1
  • Teasers involve a minimum of two teams and, in some cases, up to 15 teams.1

Where this term is used

Not the same as

  • Teaser — the wager itself, not the schedule of payoffs

Sources

  1. Teaser (gambling) - Wikipedia en.wikipedia.org Provides the definition and details on team counts and payout mechanics for teaser payout charts.
  2. Sports betting - Wikipedia en.wikipedia.org Supports the comparison of teaser payouts to regular parlays.

Sources are drawn from regulators, universities and published research, and each one is labelled with what it actually is — a preprint is not called a paper. Bookmaker and affiliate pages are never cited here, because a page that sells betting is not a neutral authority on it.