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|
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.