When betting on sports, what does progressive parlay mean?

Question

It goes from 4 teams and up. How does it work?

Answer 1

A parlay bet is when you bet the exact outcome of four or more sporting events.  If you bet a 12 team parlay you can easily win large amounts but the chance of winning is less as you need all your teams to come in.

A progressive parlay, 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 rare occasions when one or more or the teams in your parlay losses.

Let us look at an example. An 8 team progressive parlay for $10 will payout $750 for making a perfect 8 team winning combination. If you are only able to find 7 winners then you win $100. And if you only bring home 6 winners then you will still find a winning ticket for $20.

Unlike any other parlay bet with a progressive parlay you can win if 1,2 or 3 of the teams you bet on loose.

Answer 2

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