parlayTeasers are a type of parlay that is much easier to win than a traditional parlay. Still, with the limited risk also comes less reward. Still, with the limited risk also comes lessConversely in a parlay, you still wager on two teams but with the orinal spread and with better payout odds (usually 3:1). Teasers and parlays can be played with 2,3,4,5 teams or more.