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Online Casino Betting with the Paroli Betting System in Canada

Online Casino Betting with the Paroli Betting System in Canada

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Online Casino Betting with the Paroli Betting System in Canada

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How to Use the Paroli System to Play Roulette

Ease and efficacy of Paroli Betting System for even-money wagering.

Paroli Betting System for Roulette and other even-money wagering games

People have been devising betting systems for centuries, particularly since the invention of the roulette wheel. There are plenty of them out there to date. Most are progressive, meaning your bet size will increase each time you lose, only resulting in a positive gain if and when you win.

Today, we’ll be talking about a betting sequence known as the Paroli System. Like all others, it requires the player to bet a certain amount based on whether they won or lost the previous bet. But this one is a bit different, featuring two main goals:

To yield small but frequent wins.

To minimize the risk of significant losses.

How to Use the Paroli Betting System

This is, in my opinion, the easiest betting system available. It doesn’t take a brain surgeon, a calculator, or even a cheat card to peak at. Paroli is most commonly used to play roulette and baccarat, but can be applied to any game with even-money wagering. It only takes a few steps…

1. Choose Your Base Betting Unit

As with every betting system, you’ll need to choose a base betting unit; that is, the amount at which you place your first bet. It can be any amount, so long as it’s well within the size of your bankroll, and multiplying it by three won’t exceed the table limit.

First, determine the size of your overall bankroll. This should be the amount you’re willing to lose in a single session. Your base bet unit should be around 2-3% of your total bankroll. If you have $100 to spare, start with $2 or $3. For maximum efficiency, do not exceed 5%.

2. Double Bet Following a Win

When you win your base bet, double up for the next bet. So if you started at $2, double it to $4. If you win the $4 bet, double it again to $8.

3. Stop: Take the Profit After Three Wins

If you win three consecutive bets, keep your profits and return to your original base bet. This is how the Paroli system affords small but frequent wins, without risking large amounts of money. The most you’ll win with a $2 base bet is $16, necessitating 3 wins in a row. It’s not uncommon to win three bets in a row, but anything higher becomes more rare. Do this several times throughout a session, and the winnings can add up.

4. Return to Base Bet Following Loss

Any time you lose a bet, return to the base bet unit. Never increase your bet size after a loss. In this way, you’ll never lose a large some of money due to progressions.

Please be aware, the Paroli betting system will not guarantee you a profit—no gambling system can do that. The casino’s edge will remain the same, regardless of what system you employ, if any. As I said though, it’s not uncommon to win or lose three consecutive bets. If you win three, you make $16. If you lose three, you only lose $6. That extra $10 per trio of wins should help make up for losses along the way, doing what every effective strategy is intended to do; minimizes losses and maximize profits.

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The Paroli System

The Paroli system is a very simple progressive betting system, and one of the more popular among gamblers that like to use such systems. It has two main purposes.

To generate small wins consistently

To avoid the risk of substantial losses.

The name of this system is derived from the Latin term par, which means “one that is equal”. It is essentially the opposite of the Martingale, but with fixed limits for the maximum stake.

The Paroli is a positive progression betting system, which means increasing your stakes after a win. You are not guaranteed to turn a profit with this system, but it is appealing for a couple of reasons. Its popularity is largely down to the fact that it is incredibly easy to learn and use.

Please see below for further details on the Paroli system, including its advantages and disadvantages.

How to Use the Paroli System

The Paroli system is designed to be used for even money wagers. It’s most commonly used at casino games such as roulette, craps, baccarat and craps, although it can be used at other games too. It can also be used for sports betting, again with even money bets. The system is very straightforward as it just involves adjusting your stakes according to some simple rules.

Here’s a quick guide to using this system.

RULE 1 – Fixed Base Stake

To use this system effectively you should have a fixed base stake. This is how much you stake at the start of each cycle. It can be any amount you choose, but it shouldn’t be too high in relation to how much you have set aside to gamble with. About 2% of what you are prepared to risk losing in a session is probably ideal, and you really don’t want to go above 5%. So if you have $200 that you are happy to play with, a base betting unit of $5 would be about right.

RULE 2 – Doubling Up After Winning

Every time you win a bet, you should double your stake for the next bet. So if you start with $5, and then win, your next bet should be for $10. If you then win again, you double up once more to $20.

RULE 3 – Stop After Three Wins

You should stop increasing your stakes after three consecutive wins, and drop back down to your base stake. The idea here is that three consecutive wins is not particularly uncommon, but any more than that becomes less likely.

RULE 4 – Base Stake After Losing

Whenever you lose a bet, your next bet should always be at your base stake. It doesn’t matter how many times you lose in a row, you should never increase your stake following a loss.

The Paroli system really is that simple. You are just aiming to double up three times, take that profit, and then start again. The theory is that you should be able to do this a few times during a session, and your profits from these mini winning streaks should hopefully be greater than all your combined losses.

Advantages & Disadvantages of the Paroli System

There are three main advantages to the Paroli system. Firstly, it is very simple. It takes no time at all to learn and implementing it is very easy. The second advantage is that it provides the potential for consistent, albeit relatively small, wins. Thirdly, you are unlikely to suffer large losses – unless you went on a really long losing streak.

Let’s say you’re using the system at roulette, and betting on black every time. You set your base stake at $5.

You’re hoping for a streak of three consecutive BLACKS to maximize your potential profits.

Win $5 on your first bet

Win $10 on your second bet

Win $20 on your third bet

Your TOTAL WINNINGS across this sequence would be $35

Each time the above sequence happens, and you successfully double up three times, you make a total profit of seven times your base stake. By then starting again with your base stake, you are reducing the risks of quickly giving back these winnings. This can give you a real chance of making an overall profit in a session. Three consecutive blacks could quite conceivably happen numerous times.

Let’s look at what happens if you go on a streak of alternate blacks and reds.

Stake $5. Win. Total +$5.

Stake $10. Lose. Total -$5.

Stake $5. Win. Total +$0.

Stake $10. Lose. Total -$10.

Stake $5. Win. Total -$5.

Stake $10. Lose. Total -$15.

As you can see, you’ve lost a total of $15 here. If you were staking a fixed $5 on each spin, you’d have broken even with this sequence.

This brings us on to the primary disadvantage of the Paroli system – there is absolutely no guarantee that you will win money from it. An unfavorable sequence of results will always lead to a loss. You can do well with the right sequence of results, but this is technically the case any time you play in a casino. The house edge still exists though. Like any betting system, the Paroli system does nothing at all to actually overcome this edge.

Is this System Worth Using?

The best way to view this system is simply as a good way to help you manage your bankroll. If you stick to it rigidly then you won’t find yourself chasing your losses when you’re on a bad run. You will also avoid getting carried away on a winning streak, when it’s all too easy to increase your stakes so high that you risk giving everything back when your luck turns against you.

If you view the Paroli this way, and don’t expect it to deliver favorable results time after time, then there is no reason why you shouldn’t use it. It won’t actually improve your overall chances of winning, but it may well help you to bank some profit when luck is on your side.

The Paroli System – Is It Effective for Sports Betting?

Whether you’re a seasoned pro or just a recreational sports bettor, it pays to get familiar with a handful of betting systems.

Some of these strategies have been around for centuries, while new systems seem to pop up every year. Some are simple enough for a child to master, while others take a degree in advanced mathematics to fully understand.

Most betting systems focus on increasing the size of your bet every time you lose, but the Paroli system takes a slightly different approach.

Introducing the Paroli System

The Paroli system is a form of positive betting progression. It’s most commonly used in games like Roulette and Blackjack, but it can also applied to sports betting – as long as you’re choosing wagers with approximately 50/50 odds.

Unlike the Martingale system, which requires you to double your bet after a loss, Paroli has you double each wager after a win until three straight victories are achieved. At that point, you bank your profit and return to your original stake. Anytime you lose a bet, you immediately return to your original stake – this way you’ll never encounter big losses due to progressions.

For example, let’s assume your bankroll is flush and your original stake equals $100. Using the Paroli system, you would start by placing a $100 bet. If you win that bet you would proceed to risk $200 on your next wager. Should you also win that bet, you would then up your bet to $400 for your final wager.

Regardless of the result of that third wager, you return to your original stake for your fourth bet. In this scenario, you either finish with a $700 profit by winning three straight bets, or you lose your original $100 stake if the third bet winds up being a loser.

It’s important to note that you never increase the size of your wager after a loss. Whether the losing bet succeeded another loss or multiple victories. Following each loss or three straight wins, your next bet is always the same as your original stake.

Where Did the Paroli System Come From?

The Paroli system is derived from the Latin term “par,” which translates to “one that is equal.” It is unclear when exactly the system was first created, however the most popular belief is that it originated in the 16th century.

Some believe that Blaise Pascal, the French inventor of roulette, came up with the idea for Paroli. In that case, the system would have only been around since the 18th century.

Key Considerations When Using Paroli for Sports Betting

The first thing you need to do before deploying the Paroli system is to choose your original stake. Using a consistent betting unit size is crucial for the system to work as intended. This is the amount of money you’ll risk at the start of each betting cycle.

There is no concrete rule on how much this should be, but if you’re trying bet sports seriously, your unit size should be somewhere between 2-3% of your bankroll. If your bankroll is $5,000, your original stake would between $100 and $150 depending on the percentage you choose.

It’s imperative to choose bets that offer as close to 50/50 odds as you can find.

If using this system, it’s imperative that you choose bets that offer as close to 50/50 odds as you can find. The logic behind Paroli is that you double your bet after each win, but that you never increase the size of your original stake. Following wins, you’re doubling the size of your wager with house money, so if you’re betting a -400 favorite on the money line, your return won’t be great enough to allow you to follow the system properly. For that reason, you need to bet lines (or props) that are as close to even money as possible.

Pros and Cons of the Paroli System

The best part of the Paroli system is that it’s a great way to practice disciplined bankroll management. If you follow the system exactly, you’ll never get burned chasing losses and you’ll never bet too big when you think you’re invincible thanks to the hot-hand fallacy.

It’s one of, if not the easiest betting systems to learn. Even bettors with no previous experience will have no problem mastering Paroli.

Overall, the Paroli system provides a measured, conservative approach that’s great for those learning the ropes or patient enough for sustained incremental growth. You’ll never win outrageous amounts of money, but you’ll also never go broke quickly. Even if you do encounter a cold streak, the losses will do minimal damage to your bankroll. Unlike other progression systems, the probability of going bust following Paroli is low.

On the other hand, the entire success of the system relies on you winning three bets in a row. Winning three consecutive wagers at even odds is just as likely as losing three consecutive wagers. The system won’t statistically improve your chances of being a long term winner. There’s no way to know how long it will take to reel off three straight winning bets. You will need to be prepared for prolonged spells of small losses.

Use Paroli if You’re Risk Averse

If your tolerance for risk is low and you’re not looking for a get rich quick scheme, then the Paroli system may be for you. The strategy will not guarantee you a profit, but it will keep you in the game longer than almost any other betting system. It will minimize your losses when you run cold, and maximize your wins when you go on a mini-heater.

Looking for More Betting Systems and Strategic Advice?

Once you’ve moved beyond the basics, it’s worth taking some time to experiment with a few different betting systems to see what works best for you. Exploring our sports betting strategy section is a great place to start.

Chris began his career at Hockey Night in Canada over 15 years ago. He has since worked at TSN for over 12 years as a writer, line-up producer, field producer, newsroom supervisor for Sportscentre, and presently as a promotions producer.

Paroli Betting System

Paroli is one of the most widespread positive progressive systems. Its name comes from the Latin word “par”, which translated into English means “one that is equal”. In brief, the players are supposed to double the wager after every registered winning and continues to do that until they have three wins in a row. Just like its variation – Parley, Paroli has been used since the 16th century and at the beginning was widely applied in Basset.

Contemporary players mainly use the Paroli system when engaging in Roulette and Baccarat but it also proved itself an an effective strategy in craps, Pai Gow, blackjack and basically in every table game that features even odds.

Paroli Betting System Basics

The goal of the Paroli betting system is to register three consecutive wins and to double your wager every time you win.

In order to start the progression, you have to wager one unit on even odds. Let's say you are betting on black at a roulette. If you lose, but you still want to continue your game session, you have to bet another unit. In this case, you have to opt for the “flat betting” system and continue placing the same amount of money until you hit a winning streak.

As soon as you have a winning spin, you are supposed to wager two units. In case it turns to be a losing one, you have to start all over and place a base bet.

However, if you win the double-unit bet, you have to double the bet once again so it reaches four units. The outcome of the third spin will determine if you will end up the cycle with a one unit net loss or a profit of seven units.

In other words, the Paroli progression results either in a loss or in a profit made during three consecutive winning spins. In order to have a better understanding of the game, you are advised to regard the wagering as groups of three bets.

Or, to put it another way, the system leaves you with the impression that during your game session, you can experience series of winning and losing streaks. If you hit a winning streak, you can increase your bet and reduce it if you enter a losing one. In addition, the Paroli betting system enables you to protect yourself from risking more than one unit from your bankroll.

In case you want to make a more significant bet, you can do that by wagering the money you have won from another game. If you happen to have three winning spins, you will most probably make up for the loses.

The Martingale System – Overcoming the Odds?

However, seasoned roulette players do not like it very much and don’t use it at all. The Martingale is rather risky, and all it actually does is increasing your chances to win in the short term. Essentially, you are betting big to win small. You will likely win more spins than usual, but the amounts you win will be small, while the amounts you lose have the potential of being much, much bigger.

Using the Martingale System

The most effective way of using the Martingale is to only bet on even-money outside bets – 1-18, 19-36, Red, Black, Even, and Odd. They have the maximum odds of winning (almost 50%), but the lowest payout of all – 1:1. This means you win the same amount of money you bet for the spin. Overall, those are the safest bets you could possibly place in a game of roulette.

Placing Bets & Doubling Up

You start with a small amount, preferably the table minimum, and keep betting the same until you lose. When this occurs, double the size of your bet for the next spin. This way, in case you win, you will recover the money you lost on the previous round, and win something extra. If you keep on losing, keep on doubling your bet – the logic stays the same. As soon as you win, you should restart and bet the smallest amount for the next spin. Rinse and repeat.

In theory, you can go on like this forever, doubling up after every loss and earning a small profit after every win. The harsh reality, however, is that there are many factors that are likely to screw over your perfect system and make you lose a lot of money.

Can Martingale Beat the House Edge?

We agree that the concept is flawless – but the house will always end up winning eventually. In this case, the main villain is the green zero pocket, which represents the house edge in its purest form. Because of it, the odds will always be against you, despite of the way you bet. The safest outside bets have almost 50% chance of winning – 48.6%, to be precise, because of the green zero that doesn’t fall into any category except its own.

The odds are not in your favour, and the Martingale system cannot do anything about it. Unfortunately, this is true for literally every roulette strategy out there.

Hidden Dangers When Using Martingale

We already mentioned that the Martingale system is considered extremely risky and is rarely used by experienced players. The main issue is that by using it, you can run out of money very quickly – only after a few rounds, if bad luck strikes. On top of that, most roulette tables have betting limits, and it is very likely that you will hit them during a long losing streak – thus not being able to double up again and recover the money you’ve lost. This is where the Martingale system fails hard, and can cause you a lot of problems.

Round	Bet	Total Loss
1	£1	£1
2	£2	£3
3	£4	£7
4	£8	£15
5	£16	£31
6	£32	£63
7	£64	£127
8	£128	£255
9	£256	£511
10	£512	£1023
11	£1024	£2047
12	£2048	£4095

This table that shows how alarmingly fast you can lose a lot while utilising the Martingale. Also, don’t forget that your profit will always be the initial amount of money you bet. You might find yourself in a situation where you have to bet £1024 to win a measly £1.

The Odds of a Brutal Losing Streak

Many players take those numbers lightly, thinking that it is highly unlikely to lose 10 times in a row on even bets. Let’s do the math and see exactly how unlikely it is, for both European and American Roulette. For example, the chance of red not hitting for ten spins straight, is:

EU European: (19/37)^10 = 0.1275%

US American: (20/38)^10 = 0.1631%

We are calculating the probability of the scenario ‘red not hitting for 10 spins in a row’ and not ’black hits 10 times in a row’, because they are not the same thing. We need to take the zeros into account – you can get 5 blacks in a row, 1 zero, and 4 blacks after that, which equals to ‘red not hitting for 10 spins in a row’.

Focusing of European Roulette, the odds that your colour will not hit for 10 rounds in a row is 1 to 784. This might seem good, but keep in mind that the odds are like this only at the start of the game. While you play, the odds will change, and if you manage to lose five games in a row, the chance that you will continue doing it will increase with time.

If the starting bet is £1, odds of 1 to 784 indicate that you should expect to win around £784 before going on a 10 round losing streak, which will cost you £1023. As you can see, the Martingale system indeed does increase your chances of winning in the short term, but the losses will eventually outweigh the winnings over the course of a longer game. And you need to play longer games in order to win an acceptable amount of money to make up for all your trouble.

So, Can Martingale Help Me Win?

The Martingale system will bring you small winnings in the short term, but because of the steep progression, it’s an extremely risky strategy to use in the long term. In the end, the amount you’ve lost will surely outweigh the amount you’ve managed to win. It might seem to work at first, but the math doesn’t lie.

Every player has a bad experience with this system sooner or later. We are giving you a fair warning – don’t make extensive use of it in the long run! You might end up losing a lot of money and love for the game of roulette.

The Reverse Martingale System – Parlay Your Winnings

That is right, this is one of the strategies for even bets – for roulette, it should be used for betting on Red/Black, Even/Odd, and 1-18/19-36. It’s a progressive system, which means that you increase your bet once certain conditions are met.

Strategy Overview & Analysis

This system is called the Reverse Martingale for a reason. While the Martingale system advises you to double your bet after each loss, this one tells you to do the exact opposite – double your bet after each win. You start by wagering the lowest amount of money possible on one of the even bets. You keep on flat betting on the same thing until you manage to win – after that, you double the size of your bet for the next spin. When you lose, you restart the system and bet the smallest possible amount again.

Round	Bet (£)	Outcome	Probability	Total Profit
1	1	Win	48.6%	1
2	2	Win	24.3%	3
3	4	Win	12.15%	7
4	8	Win	6.08%	15
5	16	Win	3.04%	31
6	32	Win	1.52%	63
7	64	Win	0.76%	127
8	128	Win	0.38%	255
9	256	Win	0.19%	511
10	512	Win	0.09%	1023
11	1024	Win	0.045%	2047
12	2048	Win	0.023%	4097
13	4098	Loss	-1

The logic of the system is based on the idea that wins and losses usually come in streaks. By betting more during winning streaks and less during losing streaks, you are bound to come up on top in the long run. Many people claim that the Reverse Martingale is one of the safest and most stable systems – but as you probably already know, not everything is perfect with it.

Advantages to the Reverse Martingale Strategy

One of the certain advantages that the Reverse Martingale system gives you is the fact that you cannot lose a lot at once. Losing streaks are not a big problem, since you always wager the minimum amount for them. And when doubling up, you are using the casino’s money in a way – so your starting amount of money should remain relatively the same until you make that big win.

Consecutive wins will add up really quickly, and increase your profits dramatically, as long as your winning streak continues. Given its simplicity and overall safety, the Reverse Martingale is probably the most newbie-friendly system out there.

Some of the Disadvantages

If you plan on using the Reverse Martingale system, prepare for a lot of losses. Don’t forget that the odds are not exactly in your favour – all even bets have a 48.6% of winning, because of the green zero slot. The chances are even lower if you are playing American Roulette, since it has two zeros. This means that you will lose many games, even though you will not lose a lot of money on them – after all, you will be wagering the minimum amount.

Another problem with this system is the fact that it takes only one loss during your winning streak to wipe away all your profits. You need to know when exactly to stop – and not many people know how to do that. People claim that it’s actually the casino’s money that you wager and lose. We claim that it’s actually your winnings that end up going down the drain when you mess up your winning streak.

How to Approach the Strategy

While the system might be simple at its core, in order to get the maximum value out of it, players need to come up with a way to play it right. We have gathered the most common ways of using the Reverse Martingale method below.

All Out Aggression

The riskiest approach, of course, yields the greatest rewards. We are talking about an all-or-nothing playstyle – you keep on doubling your bet during your winning streak and hope for it to continue until you’ve won enough to call it quits. Let’s think about it – if there is a chance for you to get a brutal losing streak that will cause you to lose all your money, then there is a chance for the exact opposite to happen.

All you really need is 8 or 9 consecutive wins, (0.38% and 0.19% probability, respectively) after which you will probably reach the table limit. You will then simply cash in your winnings and go home a happy gambler. Of course, the chances of this happening are slim, at best.

3-Step Reverse Martingale

If you want to keep things on the safe side, we recommend using the 3-Step Reverse Martingale approach. The idea is to limit the progression of the bet to 3 consecutive games, then resume playing with the lowest bid possible. You can check out the table to see how the method works in theory.

Round	Bet	Outcome	Total Loss
1	1	Loss	-1
2	1	Win	0
3	2	Win	2
4	4	Win	6
5	1	Loss	5
6	1	Loss	4
7	1	Loss	3
8	1	Loss	2
9	1	Loss	1
10	1	Loss	0
11	1	Loss	-1
12	1	Win	0
13	2	Win	2
14	4	Win	6
15	1	Loss	5

The 3-Step tactic works well if there are enough consecutive win sequences, but also has the potential of failing miserably when there is a lack of them. Overall, by using this less-aggressive approach, you have a higher chance of leaving the game at a profit.

Other Modifications

Many people might find the double up progression a bit too aggressive for their taste. If you are one of them, you might want to look at alternative ways of progressing your bet. For example, you can easily apply the Fibonacci sequence to this method. The rewards will not pile up as fast as they would if you doubled up every win, but you will definitely not lose everything on one unfortunate spin.

The Reverse Martingale Is Just Like All Other Betting Systems

The problem with the Reverse Martingale strategy is that you may accumulate small losses quickly and even though these might not bother you at first you will end up losing quite a bit. Mind you, the inherent house edge is enough to keep the balance and not let you win an insane amount of money. The best result one could hope for is to break even and perhaps have a small profit. Of course, you might have a lucky day and actually win big.

If you are utilising the Reverse Martingale system, make sure you don’t play overly aggressive and stop playing when the time is right. As all other betting systems, this one too has the potential to earn you some winnings in the short term but is guaranteed to succumb to the casino advantage in the long run.

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Ways to Use the Paroli System in Roulette and Craps to Win Money

The Paroli System is just one of many roulette betting systems. Like all of them, it doesn’t work in the long run.

But I like using roulette betting systems. I think they make the game more interesting. And if I’m not operating under the mistaken assumption that a betting system is going to help me win money from the casino in the long run, I think it’s fine to keep myself entertained in this way.

If you’re looking for an alternative to some of the more common roulette betting systems, the Paroli system is a fun one to try.

This post explains how to use the Paroli system when playing roulette and win a little bit of money while you’re at it.

A Positive Betting Progression

Most roulette systems are like the Martingale system. They’re negative progression betting systems. This doesn’t mean that your bets go down. It means that your bets go up, but they go up after you’ve suffered a loss.

This can result in devastating losses when you get on a losing streak.

Imagine starting off with a $5 bet and having to double the size of your bet after every loss. Now imagine losing five times in a row, which happens far more often than you probably think.

Man Upset After Losing at Roulette - Roulette Table

You’re looking at $5, $10, $20, $40, and then $80 – all lost.

And on your sixth bet, you must wager $160.

You’ve lost $155 already, so if you win this sixth bet, you’re only up $5 for the whole session.

This isn’t an outlandish occurrence at all, either. It happened to me at Choctaw Casino in Durant, Oklahoma just recently.

There are two sides to the negative progression system coin, too.

You’ll see short winning sessions, but when you do, the size of your wins are usually low. That’s because after these progressions get to the end, the total profit is only one unit.

You’ll see rare losing sessions about 20% of the time, too. When you do see such losing sessions, you’ll lose a lot of money because of the nature of the system.

Because eventually, you’ll hit a losing streak of around eight losses in a row. You either won’t have enough money to place the next bet in the progression, or you won’t be allowed to place the bet because of the betting limits at the table.

The Paroli system, though, requires you to raise the size of your bets after each win. That’s why we call it a positive progression.

What’s a Parlay?

If you’re familiar with sports betting, you’ve probably heard the expression “parlay.” So what’s a parlay? this is when you place multiple bets, all of which must win for you to get paid off. And the payoff is based on the winnings of each bet being reinvested into the next bet.

For example, if you bet $10 on game A and win, then bet $20 on game B and win, then bet $40 on game C and win, and then bet $80 on game D and win, you’ve won $160 on a $10 bet.

You just have to win all the bets.

This is, more or less, how the Paroli System works, too.

You just reinvest your winnings on each bet so that you’ll eventually hit a winning streak where you get a lot of winnings.

For example, you might decide that you want to win five bets in a row. You start with a $5 bet and win. Now you have $10 to bet. You bet it and win again. Now you have $20.

After five winning bets in a row, you wind up with winnings that look like this:

$10

$20

$40

$80

You started with $5, but you finished with $160. That’s a nice little profit, but as we both know, that won’t happen all the time.

The system has that eventuality covered, too.

If you place a bet using the Paroli system and lose, you just bet the same amount next time.

Bet $5 and lose, and your next bet is $5.

It couldn’t get much simpler than that, really.

What outcome can you expect using the Paroli system?

It will be exactly the opposite of the Martingale.

You’ll have losing sessions about 80% of the time, but you won’t suffer huge losses.

Then about 20% of the time, you’ll have a really big winning session.

The Nice Thing about the Paroli System Is Its Flexibility

With the Martingale System, you’re pretty limited in terms of your actions. Your goal is to wind up with a win of a single unit after a finished progression.

With the Paroli System, you can decide for yourself what your goal is. If you’re a really conservative player, you might be happy to just go with 2 or 3 steps in your progression before starting over.

On the other hand, if you’re an aggressive player, you might try to win as much as you can. Maybe you want to take it all the way to the betting limits.

As long as you’re prepared to only see sessions where you win that much money occasionally, you’ll be fine.

Even Money Games

Systems like the Paroli and the Martingale are designed with even money games in mind. Roulette is the easiest game to play, but you have to stick with the outside bets with the even money payouts. You’re talking about red or black, odd or even, or high or low.

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But that’s not the only game in the casino with an even money payout if you win. You could use the Paroli System with baccarat, blackjack, or craps, too.

The differences are slight with those games, but they are different.

The Paroli with Craps

The Paroli system gets really interesting when you apply it to the pass line bet in craps. That’s because you also have the odds bet to consider.

You need a bigger bankroll than normal to fully exploit the Paroli System at the craps table. After all, if you go on a winning streak, you need to be able to take as much action on the odds bet as possible. You can really skyrocket your winnings this way.

You bet $5 on the pass line, and the shooter sets a point. You bet another $15 on the odds bet.

The shooter makes the point, and you win $35.

You can bet $10 on the pass line, or, if you’re feeling aggressive, you can put it all on the pass line. That’s your $35 in winnings and your $5 bet, for a total bet of $40.

Let’s say you’re aggressive, and you do that. This time, the shooter wins on the come out roll.

Now you bet $80 on the pass line. The shooter sets a point, and you bet $240 on the odds bet.

The shooter comes through for your again, and this time, you win $560.

That’s not bad for a starting bet of $5.

And all you had to do was win three times in a row.

Why the Paroli System Isn’t a Foolproof System

None of these systems where you raise or lower your bets are foolproof, nor do any of them work in the long run. That’s because you should be thinking of each bet you make – except for the odds bet – as a negative number.

That’s because the mathematical expectation for each bet is negative.

And what happens when you add up a series of negative numbers?

You get a negative total.

If you double and triple some of the numbers in that series, they’re still negative, so you still wind up with a negative total – in the case of gambling, a long-term loss.

Conclusion

The Paroli System is a fun way to play roulette or any other game with an even money payout, but in the long run, it can’t turn a negative expectation game into a positive expectation game.

I like it as a change of pace from the Martingale System, though.

What’s your experience trying to win money with the Paroli System?

Let me know in the comments.

Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. .

Michael Stevens has been researching and writing topics involving the gambling industry fo .

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