Wager Limits
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Parlay Payout Table
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Teaser Payout Table
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How progressive parlays work
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Comparative Odds
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. Hollywoodsportsbook.com 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.
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All teams win
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1 loss
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2 losses
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3 losses
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4 Teams
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5/1
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1/1
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--
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--
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5 Teams
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11/1
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2/1
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--
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--
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6 Teams
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20/1
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9/2
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--
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--
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7 Teams
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40/1
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4/1
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1/2
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--
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8 Teams
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75/1
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10/1
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2/1
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--
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9 Teams
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150/1
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20/1
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5/2
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--
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10 Teams
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250/1
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25/1
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3/1
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1/1
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11 Teams
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400/1
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60/1
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5/1
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1/1
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12 Teams
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900/1
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80/1
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10/1
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3/1
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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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