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Parlays: Progressive Parlay Wagers on Sportsbook

Answer

Click here to watch our Flash Tutorial on making parlay and progressive parlay bets!

A Progressive Parlay is very similar to a normal parlay but, in exchange for not getting as big a payout for picking a perfect combination, you are getting insurance for those occasions when one or more of the teams in your parlay loses.

These can be between 4 and 12 teams but you can only choose point spreads (no totals or moneylines).  In these parlays you can lose games and still win the bet because the payouts are lower.

4 - 6 teams... you can afford ONE team to lose/push
7 - 9 teams... you can afford TWO teams to lose/push
10 - 12 teams... you can afford THREE teams to lose/push

The Progressive Parlay Payout Table

 

All selections win

1 loss

2 losses

3 losses

4 Teams

5/1

1/1

--

--

5 Teams

11/1

2/1

--

--

6 Teams

20/1

7/2

--

--

7 Teams

40/1

4/1

1/2

--

8 Teams

75/1

10/1

2/1

--

9 Teams

150/1

20/1

5/2

--

10 Teams

250/1

25/1

3/1

1/1

11 Teams

400/1

60/1

5/1

1/1

12 Teams

900/1

80/1

10/1

3/1

Please note that Progressive Parlays also differ from regular parlays in the following ways:

  • Progressive parlays are not available for MLB, NHL or money-line wagers in football or basketball.
  • In a Progressive Parlay, a push or a tie is considered a loss for that selection.  However, if a selection has no-action (due to postponement or cancelation), the bet will revert to the next lowest progressive parlay for payoff, except in the case of a 4 team progressive parlay where it results in a no-action on the whole parlay.

Last Update: Jan 18, 2013

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