Victor Arum is a seasoned sports betting writer who currently contributes to SportsTalkPhilly. He creates insightful guides and how-tos to help sports bettors formulate winning strategies and make informed wagers. Victor also reviews and rates sportsbooks, deeming them a SMASH or PASS. When not analysing sports betting patterns or writing, he's probably stretching at the gym or (re)watching a sitcom
All posts by Victor ArumThe Paroli betting system is a gambling strategy in which you double your bet after each win and return to your original stake after a loss or three consecutive wins. The system is popular and effective in casino gaming and sports betting.
Read on to learn everything you need to know about the Paroli betting system. We’ll discuss what the strategy means, how it works, how to apply it, its pros and cons, and much more.
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What is the Paroli Betting System?
The Paroli betting system is a commonly-used strategy in casino games like baccarat, craps, and roulette. It’s a positive progressive system, meaning you increase your bet after every win. This is unlike negative systems, where you increase bets following a loss. The idea of the Paroli is to take advantage of winning streaks and cut losses during losing runs.
Paroli? Is that an English word? What does it even mean? The name “Paroli” comes from the Latin word “par,” which means “equal.” Paroli refers to the idea of doubling your bets to keep them equal during a winning streak. Anyone who plays golf will be familiar with the term “par.” It describes a score that is even or standard for a hole or course.
The Paroli system has been around for centuries, especially popular in European casinos where games like roulette and baccarat are played. Even in casinos not on GamStop, roulette players use the strategy for even-money bets such as red/black or odd/even. Meanwhile, baccarat gamers apply it to player or banker bets, and craps enthusiasts use it for pass/don’t pass or come/don’t come bets.
Because of its simplicity and structure, the Paroli system is accessible and appealing to casino players globally. For those interested in international gaming experiences, online casino Singapore platforms often feature games like roulette and baccarat where the Paroli system can be effectively applied. If you’re looking to explore new opportunities, check out some new online casinos that may offer unique gaming experiences.
How Does The Paroli Betting System Work?
The Paroli betting system is simple but aggressive. It involves doubling your bet after each win. It’s best to use it on bets that have an even chance of winning, like odd/even or red/black in roulette.
Take a quick look at how the Paroli system works.
- Start with a small amount like $5 or $10. This is known as your base bet.
- If you win, double your bet for the next round.
- After three wins in a row, go back to your base bet.
- If you lose at any point, go back to your base bet.
Essentially, the Paroli betting system is most effective for bets with roughly a 50/50 chance of winning. Furthermore, the method aims to maximize winning streaks by resetting after a loss or three successive wins to keep losses low.
Example of the Paroli Betting System
The table below provides an example of the Paroli betting system, which players can use at US and offshore casinos. The player in the example begins with a base bet of $5.
Wager Stake Outcome Total Bet Balance First Bet $5 Win $5 $5 Second Bet $10 Win $15 $15 Third Bet $20 Win $35 $35 Fourth Bet $5 Loss $40 $30 Fifth Bet $5 Win $45 $35 Sixth Bet $5 Loss $50 $30 Seventh Bet $5 Win $55 $35 Eighth Bet $10 Win $65 $45 Ninth Bet $20 Win $85 $65 Tenth Bet $5 Reset $90 $70 Here’s what happens in the theoretical casino session shown above:
- The player starts with a $5 bet.
- For every win, they double their next bet.
- After three wins in a row, the player resets to the base bet of $5.
- If the player loses, they also go back to betting $5.
What is the Paroli Betting System Aim?
The aim of the Paroli betting system is to try to win three bets in a row when playing casino games like roulette, blackjack, and craps.
The idea is not to chase your losses but to bet more when you are winning. This way, you can make the most out of a winning streak without risking too much money when you lose. Once you lose a bet, you return to your starting bet, so your losses don’t pile up.
Rules of the Paroli System
- Double your stake on each win for the next round.
- Return to your original bet if you lose or land three consecutive winners.
Paroli Betting vs Martingale and Oscar’s Grind
Different strategies can be explored when playing casino games at offshore gambling sites. One is Paroli betting, a progressive strategy that works similarly to Oscar’s Grind. Another is the Martingale system, a negative betting strategy that is the complete opposite of the Paroli system.
Below, we take a look at the similarities and differences between these three major betting strategies.
Feature Paroli Martingale Oscar’s Grind Progression Type Positive (increase bets after each win) Negative (increase bets after each loss) Positive (slower bets increase after each win) Goal Maximize during winning streaks Recover losses quickly Make small, consistent profits Increase in Bet Double your bet after each win Double your bet following every loss Increase your bet by one unit after each win Condition to Return to Base Bet After a loss or three consecutive wins After a win Once a profit is achieved Level of Risk Moderate High Low to moderate Strategy Aggressive during wins Aggressive during losses Conservative and steady Popular Casino Games for Paroli Betting System
The Paroli betting system is commonly used in several casino games at roulette casinos and blackjack gambling sites. Let’s see how this strategy works in each of these casino games.
Paroli Betting System for Roulette
In roulette, Paroli betting is usually applied to even-money bets where the success chances are roughly 50/50. Examples of such side bets are odd/even, red/black, or 1-18/19-36. It’s advised to go for European roulette (1 green pocket = lower house edge) rather than American roulette (2 green pockets = higher house edge), except if you have a solid reason for choosing the latter, like a lucrative bonus.
Paroli roulette strategy is easy to implement and can be an alternative to betting the same amount each spin or using other strategies such as Labouchere, Martingale, or Fibonacci. The system is as simple as choosing a base bet, like $5, and doubling your bet for the next spin if you win. After a loss or three successive wins, you reset your bet to the base bet, which in this instance is $5.
Paroli Betting for Craps
Like in roulette, Paroli craps help you take advantage of winning streaks while reducing losses. The system works best on even-money bets like pass line, don’t pass, come, and don’t come bets. Avoid using it for bets such as hardways, place, and one-roll bets.
Once you start with a bet, you stick to it as your base wager. Then, if you win after your first throw of the dice, you increase your stake for the next round to $20. However, if you lose at any time or win three times on the bounce, return to your original $10 wager.
Many players stick to the same type of bet, like the pass line, when using the Paroli betting system, but you can also mix it up as long as you choose even-money bets.
Paroli Betting for Blackjack
Because of blackjack’s low house edge, the Paroli betting system works well for this casino staple. With the 99% RTP of classic blackjack, you stand a 50/50 chance of winning when playing a hand.
The aim of this system in blackjack is to win three hands in a row, offsetting previous losses and giving you a profit. If you lose at any point, reset your wager to the base amount and try again.
For more rewarding gaming sessions when playing blackjack, go to online casinos with generous promotions to enhance your profits. You may even earn extra by using strategies like splitting aces or doubling down.
Paroli Betting for Baccarat
Popular among Asian high rollers, baccarat is a risky game with its low house edge and high table limits. Thanks to its simple rules and high RTP, it has become a favorite for players at the best online casinos in the US.
Paroli baccarat can be used for player or banker bets, but it would be best not to apply it when betting on the tie. The betting strategy, which should only be used for even-chance wagers, tells players how much to bet on each hand.
Using Paroli betting in baccarat is easy. All you have to do is choose a base wager of about $20. Start playing with this original bet, and if you win, double the wager for the next hand. Continue doubling until you lose or make three consecutive wins. This helps you maximize gains from winning runs while managing losses effectively.
Can Paroli Betting Strategy Be Used On Sports Betting?
Yes, the Paroli betting system isn’t limited to casino gambling; sports bettors can also incorporate the strategy to increase their success chances and minimize losses. It’s especially ideal if you’re good at picking regular winners. Remember, the Paroli works best for even-money bets.
Take an example of the Paroli system for over/under wagers in soccer betting. Begin by choosing a base bet, like $10. Then, select a bet on even-money odds, such as a wager on the total goals being over 2.5 in a soccer match at even odds. If you win, double your next bet to $20. After a loss or three consecutive wins, go back to your original $10 wager.
Apart from soccer, bettors can also apply the Paroli system when betting on horse racing, the NBA, the NFL, the MLB, the NHL, tennis, and more.
Paroli Betting System Pros and Cons
A widely used strategy in casino gaming, the Paroli system offers gamblers many benefits for an enhanced gambling experience. However, the strategy also has its downsides. Explore the advantages and disadvantages of the Paroli betting system below:
Advantages- Reduced Risk of Long Losing Streaks: Since you reduce your stake after a loss when Paroli betting, there’s less risk of chasing losses and making large deficits.
- Aggressive on Winning Runs: By doubling your stake after a win, you maximize your profits during a winning streak.
- Smaller Bankroll Needed: You can start gambling with a smaller amount since you’re not chasing losses.
- Steady Smaller Wins: The Paroli system focuses on consistent, smaller profits rather than big wins.
- Easy to Understand: The strategy has simple rules with little math involved.
Disadvantages- More Conservative: The chances of making big gains are slim compared to other strategies.
- Relies on Winning Streaks: The strategy works best when you hit multiple wins in a row, which can be difficult to achieve.
- House Edge: Casino advantages like the 0 in roulette can still affect your results.
- Slower Recovery: It might take longer to bounce back from losses compared to negative systems that increase bets after a loss.
Paroli Betting System Tips and Hints
By using the Paroli betting system, you can effectively manage your bets and make the most of your winning streaks. Below are some useful tips to enhance your strategy when using this system.
- Keep Good Records: Write down your bets and results to see how well you’re doing and tweak your strategy.
- Stake Low Amounts: Begin with small bets to protect your bankroll and avoid big losses.
- Play Familiar Games: Use the Paroli system on games you know well for better decision-making.
- Wait for Patterns: You can wait for a run of the same bet or a series of similar occurrences (like red coming up 4-5 times) before placing a bet.
- Stay Disciplined: Once you’ve started with the Paroli system, stick to the rules and don’t change your strategy mid-game.
Are There Paroli Betting Calculators?
Yes, Paroli betting calculators are available online. These tools help you plan your bets and manage your gambling funds more effectively. You can find them on various casino strategy websites and betting forums.
Paroli betting calculators make it easier and quicker to figure out how much money to bet and your potential winnings without having to do the math yourself. Also, they help you track your funds while sticking to your betting plan.
Is the Paroli Betting System Legal?
Yes, using the Paroli betting system is completely legal. It’s simply a strategy for managing your bankroll effectively and does not involve any illegal activities. You can safely apply the system to any casino game, whether online or at a physical location, as long as gambling is legal in your region.
In recent years, the landscape of online gaming has shifted dramatically, with players constantly seeking out new platforms that offer flexibility and variety. As the market evolves, Non-AAMS casinos have gained popularity among gamers looking for alternatives that might not adhere to stringent regulations. These casinos provide unique opportunities for players who prefer a more liberal gaming experience without the limitations often found in AAMS-regulated sites.
Does the Paroli Betting Strategy Work?
The Paroli betting strategy can be effective, particularly when you consistently hit winning streaks. The system helps reduce losses, keeping you in the game longer. That said, the chances of landing three winning bets on the bounce are slimmer than you may think.
- 48.6% chance of getting one win
- 24.3% chance of getting two successive wins
- 12.5% chance of getting three successive wins
Although the Paroli system keeps bets low during losing streaks, losses can still add up quickly. So, while the strategy helps manage risk, it doesn’t guarantee long-term success.
The Last Word
If you’re looking to manage your bankroll more effectively when gambling, you should consider using the Paroli betting system. The strategy is easy to follow and works well for casino games like roulette, blackjack, craps, and baccarat.
You can also apply the Paroli system to sports wagering, such as soccer, horse racing, and the US major leagues. Just remember to use it on even-money bets only and, as always, gamble responsibly – the Paroli strategy will aid your betting; it doesn’t guarantee success.
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