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Progressive Parlays are the Real Payoff
There are very few sportsbooks that offer Progressive Parlays - less than a handful - and you will not find these anywhere in Las Vegas. Hollywoodsportsbook.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.
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