Bookie parlays and teasers are very popular with gamblers and with offshore bookmaker sites.
While the overwhelming majority of these wagers lose, some gamblers will win and get a nice return on their investment. It is easy to see why parlays and teasers are popular in terms of NFL bookie odds.
Bookie offshore odds tell us that a parlay is a group of plays that are merged into one single wager. All of the plays on this NFL bookie wager must win for the parlay to be a winner. The bookie payoff odds for a parlay go a long way towards explaining the appeal. Most of the time you will see a two team parlay pay 2.6-1 odds. A three team parlay pays 6-1 in bookie odds. The bookie odds go up progressively as you add more teams to the parlay at the offshore bookmaker site.
One way to play a bookie parlay is with what is known as a “round robin parlay.” This is where a gambler takes his top three selections for a parlay but, rather than putting them into a single three-team parlay, he rotates them into three, two-team parlays at the offshore bookmaker website. That way, if he goes 2-1, he will still make a profit in offshore bookmaker odds.
A teaser is similar to a parlay in that it is a group of plays that are merged into a single wager versus the bookie odds. The difference is that teasers come with better bookie lines ranging from the traditional six-point “Las Vegas Style” teaser to the “Special” teasers. The trade off for a bookie teaser and those enhanced lines is that the odds do not pay as high as a parlay does. For example, the payoff structure for a six-point teaser would have a three teamer paying 2-1, a four teamer 3-1, etc.
Keep in mind that with parlays and teasers, if you lose just one selection the entire wager loses versus the odds. This means that on a five team teaser or parlay if you win the first four games and lose the fifth, the entire wager blows.
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