Progressive Parlays

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.