DraftKings Progressive Parlays
Article

What are DraftKings Progressive Parlays & How Do They Work?

18 January 2024

If you always seem to be let down by one or two legs of your massive 10-game parlays, DraftKings Progressive Parlays may just be the thing for you!

DraftKings Progressive Parlays

DraftKings Sportsbook latest parlay innovation, Progressive Parlays shake up the way parlay betting works by allowing you to win your parlay even if a few of your legs lose.

While traditionally parlays have always required you to win every single leg in order for them to pay out, DraftKings Progressive Parlays are much more forgiving, leaving some room for error.

The perfect bet type for parlay bettors that always find themselves 1 or 2 legs away from a massive parlay win, Progressive Parlays allow you to group between 3 to 12 player prop bets under a single parlay.

Just as with regular parlays, the more legs it has, the higher the payout it will return. However, with DK Progressive Parlays there is an additional perk: The more legs you add, the more picks you can lose and yet still win your parlay, making it a great option for bettors that love to place huge parlays in hopes for a massive payoff.

DraftKings Sportsbook

Home of the Progressive Parlays

One of the best parlay betting sites in America, DraftKings Sportsbook has recently expanded their parlay betting options to include:

  • A top-tier selection of Same Game Parlays (SPGs)
  • Same Game Parlays Extra (SGPx)
  • Daily 'No Sweat SGPs'
  • Regular Profit Boosts
  • Easy-to-use Parlay Builder tool

Now that they have also added Progressive Parlays to their offering, if you are looking to bet on parlays, you won't do much better than DraftKings Sportsbook.

Try DraftKings Progressive Parlays

How do DraftKings Progressive Parlays work?

DraftKings Progressive Parlays introduce an exciting twist to traditional parlay betting, offering bettors a chance to win even if not all their picks are correct. Here's how they work:

  1. Selection of Games: First, you choose the over/under on a set of player props to include in your parlay.
  2. Placing Your Bets: After selecting your picks, you will place your bet on the outcomes you predict. The more selections you make, the higher the potential payout.
  3. Winning Criteria: Unlike traditional parlays, here you don't need all your picks to be correct to win. For instance, if you make a 4-game progressive parlay, you might still win a portion of the payout even if one pick is wrong.
  4. Scaled Payouts: Payouts in progressive parlays are scaled. This means the payout decreases with each incorrect pick, but you're not entirely out of the game as you would be with a traditional parlay. The exact payout structure depends on the number of games you've chosen and the terms of the parlay.
  5. Thrilling and Forgiving: Progressive parlays keep the excitement alive until the very end. They offer a forgiving structure, allowing bettors to still reap rewards even if their predictions aren’t perfect.

Remember, while progressive parlays offer a safety net, they also require strategic thinking and a keen understanding of the games you're betting on.

Progressive Parlay Requirements

  1. You must make a minimum of three (3) selections to place a Progressive Parlay.
  2. You can make a maximum of twelve (12) selections to place a Progressive Parlay.
  3. Individual players can not be selected more than once.
  4. You can make a maximum of 3 selections from a single game.
  5. Bonus Bets and Promotional Offers, with the exception of 'Bet and Gets', cannot be used to place a Progressive Parlay.

Important!

To place a Progressive Parlay you must be on a mobile device and App Version 4.29 or higher.

What sports can I place Progressive Parlays on?

Currently, DraftKings Sportsbook is only accepting Progressive Parlays for two sports: Football (NFL only) and Basketball (NBA only).

Progressive Parlays can only be used for Player Props, and are available for the following markets:

NFLNBA
Passing yardsPoints
Receiving yardsRebounds
Rushing yardsAssists

How many legs can you lose in a Progressive Parlay?

The amount of picks in your Progressive Parlay that can end in a loss while still securing a payout depends directly on the overall count of legs in the parlay.

# Of Legs in a Progressive Parlay# Of Legs You Can Lose
3 - 4 Legs1 leg
5 - 8 LegsUp to 2 legs
9 - 10 LegsUp to 3 legs
11 - 12 LegsUp to 4 legs


It's important to note that, in a Progressive Parlay, a selection that concludes as a push is treated as a loss.

If a player involved in one of the selections does not take part in the event, that particular leg of the parlay is deemed void and is removed from the Progressive Parlay. Consequently, the Progressive Parlay is adjusted and recalculated based on the remaining valid selections.

DraftKings Progressive Parlays Payout Structure

On Progressive Parlays, both the amount of the payout and the quantity of picks that can lose will increase with the amount of legs in the parlay.

Below you can see how Progressive Parlay odds are affected with every leg you add, as well as how each loss will affect your payout.

Legs Won and Odds
# of LegsAll1 Loss2 Losses3 Losses4 Losses
3+125-400000
4+400-200000
5+1100+100000
6+1400+100Return Bet00
7+4000+100Return Bet00
8+8000+200-20000
9+10000+225+100Return Bet0
10+15000+1600+150Return Bet0
11+20000+1700+200-400Return Bet
12+40000+3000+600-200Return Bet

How to place DraftKings Progressive Parlays (Step by Step)

In the following section, we'll break down how to bet using DraftKings Progressive Parlays step by step, guiding you so that you can start placing your first progressive parlays today!

1
Sign up at DraftKings Sportsbook (& Claim A Welcome Bonus!)

To get started with DraftKings Progressive Pools, you will need to create an Account with DraftKings Sportsbook and fund it using any of their multiple, easy-to-use deposit methods.

Depending on how much you are looking to deposit, you may qualify to receive one of DK Sportsbook's generous sign-up bonuses, which will give you additional betting funds to be used on their platform.

To grab the freshest deals for new DraftKings accounts, click here.

If you already have a DraftKings Sportsbook account, you can simply log into their platform.

DraftKings Sportsbook Sign up
2
Find Progressive Parlays Menu

Using the DraftKings mobile app, navigate to either the NFL or NBA section.

On the top menu next to 'Game Lines', you will find an option labeled "Progressive Parlay".

Click on this option and you will be taken to the Progressive Parlays page.

DraftKings Progressive Parlay Menu
3
Make your Picks

Now that you are on the Progressive Parlays page, you will be able to see all the different Player Props available for Progressive Parlays.

Select the props you are interested in, and choose between 'Over' or 'Under' for each selection. You will need to make between 3 and 12 picks.

As you make your picks, they will be added to the Progressive Parlay Bet Builder, where you will be able to see how many more picks you need to make, how your odds change with each pick, and how many legs must hit for your bet to pay out.

DraftKings Progressive Parlay Picks
4
Confirm your picks & submit your bet

Once you have made all of your selections, click on the bet slip at the bottom of the app.

Here you will be able to review all of your picks, take a look at your odds, and choose the amount you would like to bet.

Choose how much you want to lay down for your Progressive Parlay, and click on the green "Place Bet" button at the bottom of the page to submit your bet when ready.

DraftKings Progressive Parlay Confirmation Screen
5
Sit back and await the results!

Once your picks have been submitted you can sit back, relax, and enjoy the games!

If you want to keep a close eye on the action, you can go to the "My Bets" section, found on the bottom menu of your app.

Here you will be able to keep track of all your picks and see updates once the results start coming in.

If enough of your predictions come through, your bet will be a winner!

DraftKings Progressive Parlay My Bets

DraftKings Progressive Parlays - Pros and Cons

Pros:

  • Parlay Protection: Progressive Parlays act as a form of insurance for your bets. Even if one or more selections lose, you still have a chance to earn a payout, which is not the case with traditional parlays. This "insurance" aspect makes them a safer option for those who want to protect their investment in a parlay.
  • Potential for Higher Returns: Just like other types of parlays, combining multiple bets into a Progressive Parlay will result in higher payouts- especially with more selections. This appeals to bettors looking to turn small wagers into significant winnings.
  • Strategic Betting: Knowing you have the possibility to miss a few legs on your parlay and still cash in gives you the chance to make a few riskier choices than you normally would, knowing you have some protection if they don't come through.

Cons:

  • Availability: Progressive Parlays are only available for limited Player Props on NFL and NBA.
  • Restrictions on Selections: Limits on the number of selections from a single game and restrictions on player selections can constrain your betting strategies and choices.
  • Lower Odds Compared to Regular Parlays: Progressive Parlays offer significantly lower odds compared to traditional parlays. Their added flexibility and reduced risk are counterbalanced by less favorable odds, meaning the potential maximum payout is lower than that of a regular parlay, even if all picks hit.

DraftKings Progressive Parlays Strategy

Mastering DraftKings Progressive Parlays means balancing risk and reward with strategic insight. Here are some key strategies to consider:

  1. Smart Selections: Choose games where you have a strong understanding and insight. It's not just about picking winners but also about knowing which games offer the most strategic value for your parlay.
  2. Understanding Tolerance for Losses: Recognize the flexibility your parlay allows for losses. If you can afford a loss within your parlay, you might take a calculated risk on a game with higher odds.
  3. Bankroll Management: Allocate your funds wisely. Progressive Parlays can offer significant returns, but they require careful financial planning to ensure you're not overexposing your bankroll on a single bet.
  4. Stay Informed: Keep up with the latest news, injuries, and other factors that could impact the games in your parlay. The more informed you are, the better your chances of making savvy selections.
  5. Review Terms and Payout Structures: Familiarize yourself with the specific rules, terms, and payout structures of DraftKings Progressive Parlays. Understanding these can help you tailor your strategy for maximum benefit.

DraftKings Progressive Parlays States

DraftKings Progressive Parlays are available anywhere that DraftKings Sportsbook is licensed to operate.

As of the time of writing, DraftKings Sportsbook offers Progressive Parlays in 24 states:

DraftKings Available States

ArizonaColoradoConnecticutIllinois
IndianaIowaKansasKentucky
LouisianaMaineMarylandMassachusetts
MichiganNew HampshireNew JerseyNew York
OhioOregonPennsylvaniaTennessee
VermontVirginiaWest VirginiaWyoming

DraftKings Progressive Parlays FAQ

How do I win with DraftKings Progressive Parlays?

To win with DraftKings Progressive Parlays, go to the Progressive Parlays menu and choose the over/under on multiple player props to place your bet.

With this bet type, you can secure a payout even if some selections lose, depending on the total number of picks. The parlay adjusts for non-participating players, recalculating based on remaining selections, enhancing your chances to win.

Is there an age requirement for DraftKings Progressive Parlays?

Yes. To place Progressive Parlays on DraftKings Sportsbook you must be at least 21 years of age.

I made a mistake on my picks for my DraftKings Progressive Parlay, can I edit my bet?

Unfortunately, once you have placed your parlay on DraftKings Sportsbook, you will not be allowed to make any edits to it. Make sure to always check your bet on the confirmation page and make sure it is correct before submitting your wager.

Can I use my DraftKings bonuses to place Progressive Parlays?

While Bonus Bets and Promotional Offers cannot be used to place Progressive Parlays, 'Bet & Get' bonuses can be used for this purpose.

If you are looking for promos that can be used for Progressive Parlays, you can find DraftKings latest offers on our sports betting promos page.

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