But with progressive parlays, bettors can still cash out if they get some picks wrong.įurther explaining the product, DraftKings revealed that bet legs can include team-level wagers such as total points, goals scored, strikeouts or other props. Ideally, the more the picks, the higher the payout. With this new offering, bettors make as many as 12 picks, starting from a minimum of three picks. According to the sportsbook, the progressive parlay allows a multi-wager bet typically on one or more sporting events at a time. Losing one leg of the bet translates to losing the entire bet.ĭraftKings has gone on to give a more comprehensive definition of the progressive parlay. In the more traditional system, players are required to win each of their bets in a parlay to earn a win. ![]() Potentially, this feature differs greatly from a traditional parlay. This offering is set to allow sports bettors pick over/under props, build wagers and win even if sides of the bet fail. Introducing DraftKings’ Progressive Parlay: The First of Its KindĪt its investor’s call on Tuesday, November 14, DraftKings released a video hinting at the launch of progressive parlay, one of its new product features.
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