How Do Progressives Work?
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. PlayersOnly.net 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 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 |
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.
- In a Progressive Parlay, a push or a tie is considered a loss for that selection. However, if a selection has no-action (due to postponement or cancelation), the bet will revert to the next lowest progressive parlay for payoff.
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