Paroli strategy is a very popular betting system. It has been around for a long time. Its origin dates back to more than a century, but does it still work?
Below we will give you an answer to that question and learn you all you need to know about this betting system.
Paroli is a positive progression betting system. Experts believe that the best betting strategies are a positive progression. This system also aims at helping gamblers maximum their profit.
The argument amongst other gamblers is the guarantee that this strategy works. If you were mistaking Paroli for reverse Martingale a comprehensive distinction awaits you below.
Firstly, let’s check out the history of Paroli strategy.
Since this is not a history class, it’s time to focus on how to use this betting strategy to make some money.
How does the Paroli betting system work?
This system strives at helping players maximize their profit and reduce the risk of losing. It seeks to encourage small winning streaks by doubling the base bet three times.
This system is not a get rich quick kind of strategy rather it supports consistent winnings in small bits. Below is how it works;
Players are expected to have a fixed amount as their initial bet. The best way to determine your initial bet is to have a budget.
How much you intend to spend will help you determine your base or the first bet.
Don’t let your first bet exceed 5 per cent of your bankroll or 2 per cent. For instance, if your budget is $50, your base bet can be $5 or $2.5.
When you win your first bet, stake double base bet. Assuming you stake $5 as your base bet and win, you are expected to stake $10 on the next bet.
If you lose a bet, you are expected to go back to your base bet. For instance, if you stake $10 and lose, then go back to your first bet (that is $5 from our illustration thus far).
If luck smiles on you three consecutive times, simply return to the base bet. For instance, if you stake $5, $10, and $20 on three consecutive bets and win, go back to the base bet.
Does the Paroli betting system work?
There is no doubt that the Paroli betting system falls under the most workable betting strategies. Is there any guarantee that it works all the time? I
t is difficult to say. However, studies have shown that you can barely find any strategy that will give you a 100 per cent result always.
Is Paroli just like every other strategy? No, it’s not. One thing that is very clear about this system is that the level of risk is minimal compared to other strategies.
So is this not enough to conclude that it works? Maybe, but let’s face the fact Paroli is safer, less risky, and easy to use.
Gambling on its own is a huge risk, so giving this strategy a try is not a bad idea. Just cross your fingers and hope that mother luck smiles at you.
Advantages of the Paroli betting system
- It is a simple and straightforward betting strategy
- The risk of loss is minimal while the probability of hitting huge wins is higher
- Maximizes the profit potential of winning three times
- It is workable than other betting strategies
- Protects your winnings
- Can be used on other games apart from roulette
Disadvantages of the Paroli betting system
- There is no guarantee that you will win three streaks
- You can also lose a lot of money if your bet is very high
- No matter how beautiful this strategy looks, the house edge may not let you win any bet
History of the Paroli betting system
It seems like there is so much controversy surrounding the history of this betting system. Some people believe that Blaise Pascal created Paroli. Blaise was the inventor of the roulette wheel.
While others will argue that this system was formulated by Victor Bethell. Pascal published a book called the “Monte Carlo Anecdotes and System of Play”.
Others believe that this strategy is much older. Some experts claim that its origin can trace back to the 16th century.
Professionals will always tell you that using a casino betting strategy is not full proof that you will win your bets.
Instead, they would advise you to go for strategies that will allow you to manage your money very well.
Does the Paroli strategy help gamblers manage their money? Yes, it does. How? It doesn’t encourage chasing loses. Instead, rule three of Paroli strategy recommends that you go back to your base bet.
This betting strategy is not perfect but experts have recommended it as the safest. It is not only simple but easy to understand.
You are going to risk just a small amount of your winnings using this strategy. It is very unlikely that you will lose all your bankroll using the Paroli strategy.
However, no matter how impressive this strategy seems, it is not an assurance that you will win always. Stake responsibly.
Can I apply the Paroli betting system on roulette?
The Paroli betting strategy was originally formulated for the roulette game. You can also use this strategy on other casino games such as baccarat, Scratch card, Pai Gow, etc. However, some experts have argued that this strategy is better used for a roulette game.
Is the Paroli betting strategy the same as Reverse Martingale?
A Reverse Martingale is similar to the Paroli strategy because it discourages chasing loses. For instance, Reverse Martingale encourages players not double their bets after losing. The same technique is applicable when you are using the Paroli strategy. The only difference is that the Paroli strategy supports increasing your bet after winning your initial bet.
How safe is the Paroli betting Strategy?
Any betting strategy that doesn’t support chasing loses is safe. Paroli strategy is one of the few betting systems that can be recommended as safe. It helps you maximize your returns and reduces the risk of losing all your bankroll.