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Teasers are most commonly used in sports in which the point spread is a big betting focus, such as in basketball or football. As we work through some examples, we’ll use these two sports as our main focus. Sports betting teaser. What is a Teaser Bet? In layman terms, a teaser is a parlay bet that uses modified point spreads. In football, the most common modification is six points. So let’s say this week there are three bets.