Progressive Parlays are similar to normal parlays with the exception that bettors are provided a bit more margin for error. Unlike traditional parlays, a progressive parlay can still pay out in the event of not all legs being winners.
Progressive Parlays can be between 4 and 12 teams, however, the bettor must choose only point spreads (no totals or moneylines). In this version of a parlay, bettors can lose games and still win the bet (as is reflected by the lower payout scales). The margin for error is dependent upon the number of legs chosen for a progressive parlay:
- 4 - 6 teams: bettors can miss up on up to ONE event
- 7 - 9 teams: bettors can miss up on up to TWO events
- 10 - 12 teams: bettors can miss up on up to THREE events
Another difference between traditional and progressive parlays is that a push or a tie is considered a loss in progressive parlays - unless the game was graded as a no-action due to a postponed or canceled wager, then the bet will revert to the next lowest number of legs. The only exception is in the case of a 4-team progressive parlay, where it results in a no-action on the entire wager.
CLICK HERE to see our most recent house rules for how Progressive Parlay Wagers are paid.