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Teaser Wagers
A teaser is a group of spread bets or totals combined into one wager. There are no money lines in a teaser. The difference between a parlay and a teaser is that with a teaser, the line you bet against for each individual wager is moved to your favor by the number of points of the teaser. If the regular line is -10 and you have a 6-point teaser, then your line would be -4. For this reason, payouts are not as high as they would be with a parlay, but accordingly, your chances of winning are better.
Teaser wagers will have spread or totals within them, but not money lines. Typically, buying points is also allowed.