A positive progression system, the Paroli betting system aims to target smaller and more regular wins. Essentially, it’s designed to increase your profits, unlike other systems which reduce your losses. It does so by ramping up your stakes on winning wagers, while keeping them low after losses.
In this article, we’ll tell you everything you need to know about the Paroli system. We’ll explain exactly how the betting strategy works and what games you can use it on, cover its variations, and detail its pros and cons.
How the Paroli System Works
We’ve already given you a quick overview of the Paroli betting system. Now, it’s time to delve into the details of exactly how the Paroli betting system works.
- Identify the stake size you’ll be using. Technically you can use whatever you want here.
- Start small as you’re first learning the Paroli system, preferably using the minimal permissible stakes when playing casino games. Secondly, many bettors like to use – at most – 10% of their bankroll as their stake. This still gives you room for profit, but means you’re not risking too much on any one wager.
- Choose any 50/50 betting proposition. We’ll list a few suggestions shortly, but – for now – we’ll assume you’re just betting red/black on roulette.
- Pick a side of that proposition, and place your bet.
- If you lose, you simply bet again using the same stake.
- If you win, the system kicks in. You bet one more unit for your next wager. If that loses, you go back to one unit, and the cycle starts over again. If it wins, however, then you double your stake again.
Crucially, however, this is where the cycle ends. This stops it from simply being an anti-Martingale system, which would go on forever. It doesn’t matter how good you feel, or how much money you’ve made – after hitting three wins with the Paroli, you simply collect your winnings and either walk away, or start the cycle over again. That’s how the Paroli system works in essence.
Is It Effective?
Overall, the Paroli betting system isn’t the most ‘technical’ we’ve seen. Other betting systems, like the Labouchere system, for example, have a sound mathematical basis. If you don’t hit a very unlucky streak, you’ll be fine. The Paroli, by contrast, is essentially based on going on a ‘hot streak’.
That being said, it certainly has its advantages on even money bets. For starters, your losses should be limited. It’s also relatively realistic, since you only need to get three wins to complete a cycle. If you needed four, for example, it would be significantly riskier… but it’s certainly realistic to hope for three wins in a row.
To summarize, here are the main pros and cons of the Paroli betting strategy.
- Targets a realistic three wins in a row
- Doesn’t risk too much of your bankroll
- Will suit less aggressive, ‘slowly but surely’ bettors
- Doesn’t address the losing side of the equation – there’s nothing to stop you losing lots of wagers in a row, while using a full unit each time
- Only applicable to betting propositions with 50/50 outcomes
Casino Games to Try Paroli Betting
The Paroli betting system is flexible, in the sense that you can use it on lots of different game It’s also inflexible, though, in that you can only use it on even odds bets. Try to do so with different odds, and you’re back to pure and simple gambling – the system will no longer work.
Here are four of the most popular game types for Paroli positive progression betting.
No game is as closely connected with the Paroli betting system. As noted earlier, the system’s (supposed) creator even invented roulette wheels.
Playing roulette is to play a game of pure chance… but that’s also exactly what we’re looking for here. While more complex bet types won’t work, a simple red vs black on roulette is basically the trademark wager for the Paroli strategy.
Like roulette, baccarat is not only one of the most popular table games, but also one of pure luck. You’re simply guessing whose hand will be better – yours or the dealer – with absolutely no skill or further input involved.
Technically, you can bet the tie here. That’s already not advised by experienced baccarat players, however. And, if you simply stick to betting your hand or the dealer’s, you’re getting a classic 50/50 proposition which is perfect for the Paroli betting system. Want to try it out? Check out our list of the best baccarat casinos.
Craps is another game of pure luck, since you’re trying to predict the outcome of a random dice roll. Another way it’s similar to roulette is that – while there are a few bet types available here – you can simply go for straight, 50/50 wagers.
In this case, you’ll be using ‘odds bets’ for those. These aren’t as straightforward as just betting red or black, but still aren’t exactly rocket science, and any of them will allow you to use the Paroli betting system for craps.
Blackjack doesn’t quite, technically, have 50/50 odds. It comes extremely close though, with the house advantage only being around 0.5% (your odds, therefore, are 49.5%).
Naturally, this does assume perfect play on your part, since – if you hit in highly aggressive, unadvised ways – your odds of winning will be lower with this betting system. Since you can simply use a ‘cheat sheet’ with online blackjack though, which will tell you exactly what to do in every situation, this is much easier than it sounds.
Overall, blackjack isn’t a textbook fit for the Paroli system. It’s close enough, however, that it shouldn’t realistically make a big difference that your odds aren’t quite 50/50 when using the Paroli system for blackjack.
Sports Betting with the Paroli System
So far, we’ve focused exclusively on casino games for the Paroli system. They are indeed the main way in which most people will use the strategy, but there is an alternative.
Sports betting is also compatible with the Paroli. You will still need to make sure you stick to even-odds wagers. As long as you do, however, then there’s nothing to stop the Paroli working just as well as it does with casino games. You can use whatever bet types you like, on whatever sport you please, as long as the odds are 50/50.
These are the most more compatible sports bet types for Paroli betting progression:
- Heads/Tails Coin Toss
- Over/Under Total Points
- Money Line
- Spread Bets
As you know, all of these can be found on MLB, NBA, and NFL wagers. There’s also a wide variety of other big-time betting markets that will let you use the Paroli system for sports betting.
Variations of Paroli Betting Systems
With the Paroli system having been around for centuries, it won’t surprise you to learn that a few other betting systems have been created. Here are the two popular examples.
Should You Pick Paroli Betting System for Online Gambling?
Punters use betting systems because they offer extra guidance for their real money bets. The Paroli betting system does so in a way that will appeal to a specific type of bettor. In short, this is not necessarily the system for the more aggressive bettors out there.
Since you’ll only be doubling your stake size up to two times, and tapping out after three wins total, there is a built-in limit on your profits. If you’d like a higher-upside system, the 1-3-2-6 betting system might be more suited to your needs – its sequence goes one bet further, and your stakes will be significantly larger.
For the bettors who prefer a safer, slow-but-steady approach to betting, however, this will actually be the biggest appeal. There’s absolutely no guarantee you’ll hit three wins in a row, of course, but it’s a nice, realistic target. Set your starting stake at a reasonable level, and you won’t be taking on much risk here either as you target those profits.
Overall, the Paroli betting system is a solid example of positive progression. If you’re looking for a strategy to help you collect mid-sized profits on even-odds betting propositions, this is a fine choice.