There are very few sportsbooks that offer
Progressive Parlays, less than a handful and you will
not find these anywhere in Las Vegas.
How does a Progressive Parlay work? In
fact, it's quite simple. In exchange for not getting
quite as big a payout for picking a perfect combination,
you are getting insurance for those rare occasions when
one or more or the teams in your parlay losses.
Let us look at an example. An 8 team progressive
parlay for $10 will payout $750 for making a perfect
8 team winning combination. If you are only able to
find 7 winners then you win $100. And if you only bring
home 6 winners then you will still find a winning ticket
for $20.
| |
All Teams Won |
1 Team Loss |
2 Teams Lose |
3 Teams Lose |
| 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 |
Note: Progressive parlay odds are
based on point spread wagering options only. The payout
calculations are based on these odds. Progressive parlays
are not available for MLB, NHL or money line wagers
in football and basketball.
A push or a tie is considered a loss and
a No-Actioned bet would revert to the next lowest progressive
parlay.