One of the coolest new bets to hit the sports betting industry is the progressive parlay. You won’t find this bet in Las Vegas! This wager is similar to a parlay in that you have to pick 2 or more teams against the spread however the progressive parlay allows you to lose and still win!
Check out the odds payout chart below:
| 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 | 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 |
It should be noted that this type of wager is only for point spread bets. That would mean that NHL and MLB and/or any type of moneyline wager is excluded from progressive parlays.
Note: A push or a tie is considered a loss. If a game is considered no action, the bet reverts to one game lower.
Sportsbooks offering this bet: 5Dimes.
