A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses...
*Invisible Bookie pays $210 for a $100 parlay with no vig
This definition continued on where the odds drop in the case of a tie...
but in my travels a Tie is actually a Loss, and the Invisible Bookie confers. In fact he said: "If you ain't Won, then partner, you've Lost"
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A teaser (or a "two-team teaser") is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.
*Invisible Bookie pays 1:1 on a two team tease with vig but gives 6 points per game to play with
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