Teasers are a bet that allows you to adjust the point spread or totals in your favor by a specified number of points in exchange for reduced odds. The computation of teaser bets involves adding or subtracting the specified number of points from the original point spread or totals.

The formula to calculate the outcome of a teaser bet can vary based on the sportsbook’s rules, but in general, the payout for winning a teaser bet is typically lower than that of a straight bet due to the adjusted point spread.
Here’s an example to illustrate how teaser betting works:
Let’s consider a football game with the following original point spread:

New York Giants: -7
Dallas Cowboys: +7

If you place a 6-point teaser bet on the New York Giants and the teaser odds are -110, the new point spread after the teaser adjustment would be:

New York Giants: -1
Dallas Cowboys: +13

You will win the bet if you bet $100 on this teaser and the New York Giants win by at least 2 points (after the adjustment). The payout for a winning teaser bet is typically at reduced odds, such as -110 in this example, meaning you would receive less than double your bet amount.

The sportsbook determines the payout for a teaser bet and depends on the number of teams selected and the number of points the spread is adjusted. Teaser bets typically offer lower payouts than straight bets due to the increased likelihood of winning with the adjusted spreads.
The general formula to calculate the payout of a teaser bet involves multiplying the bet amount by the odds offered by the sportsbook, which can vary:

Payout = Bet Amount * Teaser Odds
For example, if you place a $100 teaser bet with teaser odds of -110 and all of your selections win, you would receive a payout of $190 ($100 bet amount + $90 winnings) if the odds are -110.
It’s essential to check with your sportsbook for their specific teaser rules, odds, and payout structures, as they may vary. Teasers can be an exciting way to adjust point spreads to your advantage, but it’s essential to understand the terms and conditions of the bet before placing it.

To calculate the potential winnings from a teaser bet, you would multiply your bet amount by the teaser odds. The total payout would include your original bet amount and the winnings derived from the odds.