Teaser bets and standard point spread bets both involve wagering on the outcome of sports events, but they differ primarily in how the odds are adjusted. A standard point spread bet requires the bettor to choose a team to win by a certain margin defined by the spread, while a teaser bet allows the bettor to adjust the point spread in their favor for multiple games, typically by adding a set number of points (e.g., 6, 6.5, or 7) to the underdog or deducting from the favorite across two or more games.