PROGRESSIVE
PARLAY BET
by: Vince Stephenson
A Progressive Parlay Bet is a wager on four to twelve events to win. Even if some of the events in the bettor's Progressive Parlay lose, he may still win the wager.
Progressive Parlays are accepted only on the Point Spread, not on the Money Line or Totals. Progressive Parlay rules are as follows:
A tie or no action is considered a loss for that particular event. If there is a loss, the parlay reverts to the next lowest number for payout. The bettor cannot bet on connected events on the same parlay card. For example, one leg of a parlay is for Sampras to beat Henman in the 4th round of Wimbledon and an additional part of the parlay is for Sampras to win the overall Wimbledon title. The match forms part of the overall tournament and is therefore connected. In the same way, the bettor cannot parlay the over of the first half of a football game with the over of the full game because the two are connected.
Progressive Parlay Bet Payouts
Each type of Progressive Parlay uses different odds to pay out winning wagers.
| | All Teams
Win | 1 Team
Loses | 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 |
The parlay payout table above is valid if all selections within the Progressive Parlay are based on the standard point spread line of -110 (bet $110 to win $100). A "--" in the table above indicates a losing parlay. Payout odds are subject to change without prior notice.
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