There are very few sportsbooks that offer Progressive Parlays - less than a handful - and you will not find these anywhere in Las Vegas. Sports.com invented the Progressive Parlay six years ago and continues to dominate the competition in payout value.
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 occasions when one or more of the teams in your parlay loses.
Let us look at an example. An 8 team progressive parlay for $10 will pay out $750 for making a perfect 8 team winning combination. If you hit 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 win
1 loss
2 losses
3 losses
4 Teams
5/1
1/1
--
--
5 Teams
11/1
2/1
--
--
6 Teams
20/1
9/2
--
--
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 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 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.
