While the Martingale is perhaps the most popular betting strategy in the world, the Paroli system is by far the oldest. It’s best suited to even money bets, making it perfect for the likes of online blackjack and live roulette, with the stake size only being increased after a successful bet.
On this page, you can find a comprehensive guide to the Paroli system, including what it is and how it works, alongside a variety of tips for effectively using the strategy when playing online casino games!
What is the Paroli System?
The Paroli Betting System is a positive progression strategy where players increase their bets after each win.
The name “Paroli” comes from the Latin word “par,” which means “equal,” pointing to its focus on even-money wagers. Dating back over four centuries, this system stands as one of the oldest betting methods still used today.
Unlike many other betting systems, Paroli only increases the stake size after each win, with the goal being to capitalise on winning streaks, while focusing on bankroll management during losing patches. This method works best with even money bets that offer close to 50/50 odds and 1:1 payouts, such as:
- Odd or even on Roulette
- A standard bet on Blackjack
- Player on Baccarat (The Paroli system isn’t as effective on the banker betting option due to the 5% commission for successful wagers)
- High or low on Roulette
How Does the Paroli System Work?
The Paroli strategy follows a simple set of rules that make it easy for both new and experienced players to use:
1. Start with a base bet amount that fits your budget, such as 50p.
2. Head to a casino game that offers even money bets, such as blackjack or roulette, and place a wager.
3. Keep your bet the same if you lose.
4. Double your bet after each win – for example, from 50p to £1.
5. Continue this doubling process until you reach three consecutive wins.
6. After three wins in a row, reset your bet back to your starting amount (50p).
7. You should also reset your bet to the initial amount if you lose a wager.
Advantages of the Paroli System
There are a few different advantages of the Paroli system that set it apart from other betting strategies, such as:
- It’s simple to learn and doesn’t require players to keep track of where they are in a particular sequence.
- After a loss, the stake size will remain the same as the previous round.
- When using the Paroli system, the stake size is capped at a maximum of 4x the initial stake size, which would only happen after 2 successive wins.
- The Paroli system can also be much easier from a bankroll management standpoint, potentially allowing punters to play for longer when compared to other betting strategies such as the Martingale.
Disadvantages of the Paroli System
Of course, we also have to look at the various disadvantages that are associated with the Paroli system:
- The three win variation can mean that players reset their stake size during a winning streak.
- Despite being less volatile than betting strategies such as the Martingale, bets can still increase rather fast, should wins start to occur.
- It’s not well-suited to games or sports betting markets that don’t offer even money wagering options.
Tips For Using The Paroli System
Now that we’ve covered the Paroli system in detail, it’s time for us to look at three different tips for players who opt for this betting strategy when playing online!
1. Manage Your Bankroll
While the 3 win method in the Paroli system can make it easier for players to manage their bankroll, it’s still essential to set limits before a session to keep you in control at all times. Here at BetVictor, we have a variety of safer gambling tools that you can utilise to do exactly that, such as deposit limits and reality checks, all of which can be found within your account settings.
2. Stick to Even Money Wagers
While this bet can work across all online casino games and sports betting markets, it’s advised to stick to even money wagers. This is because the Paroli system targets winning streaks, with the likelihood of these being significantly decreased when betting on outcomes that have odds higher than 1 to 1, or 2x.
3. Track Your Results
Last but not least, it’s worth mentioning that the Paroli system isn’t for everyone. By tracking your results with the betting strategy, you can find out if the Paroli system matches your preferences or not.
If it doesn’t, there are plenty of other systems, such as the Fibonacci betting system and the Martingale, that may be more suited to your style of play.
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Frequently Asked Questions About The Paroli System
The Paroli betting system is a positive progression strategy that involves players doubling their stake size after each win. Should they lose, or win three times in a row, the bet is then reset to the initial stake.
Yes, the Paroli strategy can work. However, it’s important to remember that it’s all reliant on luck. It’s worth mentioning that the Paroli betting system doesn’t increase a player’s chances of success, with the RTP and house edge being the same regardless of the stake size used throughout the course of a session.
The 3 win method in the Paroli system, as the name suggests, revolves around players resetting their bet to the initial stake size, should 3 simultaneous wins occur. This can help with bankroll management as bets cannot exceed 4x the initial stake size.
Whether the Martingale or Paroli system is better will depend entirely on a player’s preferences. Both betting strategies have their own unique advantages and disadvantages, with the Martingale being the more volatile of the two.
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