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Let’s say you’re considering an NBA parlay of Boston Celtics -12.5, Chicago Bulls -5.5, Oklahoma City Thunder +8 and Los Angeles Lakers +4.5. A bettor could instead create a four-team teaser in which the point spreads would be Celtics -8.5, Bulls -1.5, Thunder +12 and Lakers +8.5. A $100 teaser bet on those four results would pay roughly $300 if all four legs hit.
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