This positive progression strategy is popular among gamblers. One of the interesting features is the fact that it is easy to understand.
A Parlay bet will help you win huge sums, but it is important to know that none of the systems and strategies are 100% safe.
This strategy is has a lower risk but provides impressive payouts. Some gamblers often mistake the Parlay strategy with the Paroli system.
Although they have similar features, their differences are not too far apart.
This article aims to provide you with a guide of how this strategy works.
You will also find out the advantages and disadvantages of this system.
- The risk is lower because players make use of their profit to stake more bets
- The profit though minimal, if it consistent can turn into huge sums
- It helps gambler manage their bankroll better
- You can use this system to stake bets with different odds.
- This one of the reasons is widely used
- It has the potential to win you a jackpot
- There is no assurance that your bet will win always
- If you consistently stake high bets, you may end up losing your bankroll very quickly
How does the Parlay betting system work?
The Parlay strategy is very simple and it promotes safe betting. It provides a lot of opportunities for gamblers (especially beginners) to win.
It helps gamblers with a low bankroll to build up profit. Instead of playing several individual bets, you can simply group the bets up and stake a single.
It sounds confusing, right? Never mind, you are about to get more clarification.
Below we have shown you how the Parlay system works.
|Spin||Bet (Units)||Outcome||Profit (Total)|
Just like most of the other popular betting strategies, the first rule is to have a base bet. The base bet is the first amount you stake after overviewing your bankroll.
For example, if your bankroll is $100, you can stake $2 for the first bet. This becomes your base bet. Note, the payline of the casino may affect your base bet.
For instance, some games start with paylines as low as $1 while others start at $5 or more.
After the first win you, increase your stake for the next bet. This is self-explanatory, however for a better understanding, let’s paint this picture.
Assuming you stake $5 for the first bet and win, you are expected to increase your stake to $10 on the second bet.
If you lose your bet, go back to the base bet. For example, if you stake $5 and win, then you stake $10 and lose on the second bet, go back to the base bet on the third bet.
In other words, the Parlay betting system is a positive progression that helps gamblers to manage their bankroll.
The example of parlay strategy
Meanwhile, some experts believe that the Parlay betting strategy is an accumulation of bets. How do we mean? In games such as soccer, baseball, basketball, etc. where you have various teams playing at the same time, instead of staking individual bets, you simple group or combine various games and stake a single bet. For example;
L. A. Lakers vs Bolton Celtics – home team to win
Houston Rockets vs Miami Heat – both teams to draw
After you selected your teams and events, stake with any amount. Let’s say the total odds after accumulating these games is 20, if you stake $10, you will get $200 as profit. However, if any of the events doesn’t play as planned you will lose your $10. Both events must play as planned to win.
Does the Parlay betting system work?
The first thing any gambling expert will tell you is that there is no guarantee that a particular strategy will work.
Although this may seem like the truth, surprisingly some of the strategies do work.
From our findings what makes a betting strategy work is the ability to manage your bankroll and luck. So doesn’t mean that the Parlay strategy is just a fluke? No, it is not.
The Parlay strategy just like every other one has there ups and downs. In this case, this strategy provides gamblers helps reduce their loses.
Although using the Parlay strategy doesn’t guarantee you a win all the time, it has the potential to help you win huge sums.
History of the Parlay Betting System
The history of this betting system can be traced back to the 16th century.
The parlay system is linked to a card game played by the upper class called Basset. The Basset game is played against the banker.
Player’s winnings are placed on the table. If you win a bet, the next will be double the initial bet.
This sounds like what the Paroli strategy recommends. However, the Parlay has been adopted by gamblers from various sports. It is commonly used in sports like football, soccer, etc.
If you believe that the Parlay strategy is good for you, then give it a try. Don’t forget that gambling is all about taking a risk and hoping to win. However, no strategy can guarantee successes all the time. As far as safe betting is concerned, we will give this strategy a thumbs up. It’s has no business with chasing loses.
For the first time gamblers, experts always recommend this strategy because it is safer, but not 100% secure.
Frequently asked questions
Can I use the Parlay betting to play other games?
Yes, you can. Fortunately, this betting was not designed for a specific game. You can try it out on your favourite casino games or even sports.
Will I win my bets all the time using Parlay strategy?
There is no guarantee that this strategy works all the time. Experts have argued that some of these strategies were formulated by markets to induce gamblers to stake more.
Is Parlay strategy a safe betting system?
The Parlay strategy is amongst the safest betting strategies because it doesn’t lure gamblers into chasing loses. When you lose a bet, rule three instructs players to return to their base bet.