Progressive Parlay Sport Bet
A Progressive Parlay Sport Bet is a bet 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 Parlay Sport Bets 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 | 1 Team | 2 Teams | 3 Teams | |
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.
Tipster's Corner by James Rodes
Just by flipping a coin, sports bettors will be right 50% of the time. At odds of 10/11, only 52.4% of the sports bettors' wagers have to win for them to overcome the bookmaker's profit and break even, so they only need a very small edge to become a winner.
Here's the low down on the different types of online sport bets:
Online Sport Bet Guide
ONLINE GOLF SPORT BET The most common type of golf bet involves picking the outright winner of a tournament...
ONLINE TENNIS SPORT BET There are no point spreads in tennis because there is no meaningful way to measure how much a player wins...
ONLINE SOCCER SPORT BET There are three types of betting options when betting on soccer. The bettor can bet on a money line for his team...
ONLINE BOXING SPORT BET To bet on boxing, the bettor must tell the ticket writer the bet number of the boxer he wishes to bet on...