Imagine making a series of bets that rewards you, even if you lose several of the bets? Well that’s what a progressive parlay bet is. You see with this type of wager, you can bet on between 4 and 12 events to win. Now let’s say that a handful of your bets don’t come in – you still win the progressive parlay bet. That’s the beauty of this. A few important points need to be mentioned however. Progressive Parlay bets are not accepted on totals or money line bets. They’re only good for the point spread. But wait, there’s more. A no-action result or even a tie is considered a loss for an event. And with the loss the parlay reverts to the next lowest number for payout. And parlays cannot be connected to one another. So if you’re hoping that Michael Chang will beat Andre Agassi in the Masters in the 4th round and you’re punting on Change winning the contest this year, it’s a no-go for the progressive parlay. The same goes for things like the 1st half in a lacrosse game and the 2nd half of it. Or even with football games and the like.

A parlay bet is way different to a progressive parlay bet. This type of bet is also known as an accumulator bet. It’s basically a single bet that joins together at least 2 individual bets/wagers. The distinction though is that the parlay requires that all of these wagers win at the same time. Now for the good news: if you win these multiple wagers, you stand to collect big time. As opposed to placing single bets and winning on all three selections individually, the parlay bet pays out if you hit all three with no losses and the payday is immense. If any of the plays/bets ties or pushes the parlay bet per se will reduce to the lower number of teams and your payday will be similarly diminished.