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Teasers are generally not a good idea in college football because games can be very high-variance in nature. However, if you do want to play them, these are an alternative to parlays. With a teaser, the spread or total will be “teased” up or down based on the side that you are playing to give you a more favorable line. Money lines can have wild variances in price in college football because of the competitive imbalance of some of the teams.
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There are multiple pages which provide list of betting companies with real and trusted online betting companies which are legit. Each of the individual states sets its own rules and regulations for sports betting.
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Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at "off track" facilities, where players may bet on the events without actually being present to observe them in person. Use the criteria from this article and test a bookie or two from the chart above that will best satisfy your needs.
Deciding whether to cash out or not is a common problem amongst punters.
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I precalc my stoplosses + stopgains then use a simulation to get the win/loss probabilities on training data. In practice, you're always playing with risks, some you're factoring into your models, some you're choosing not to because they're intractable, some you're not even aware of until they occur. The most basic premise--today's returns will be a function of hypotheses that I've derived from looking at past observations--is an approximation at best.