Understanding How the Paroli Betting System Works

min read
a man in a suit placing a bet during a poker game on a green felt surface
BetMGM Jun 10, 2023, 11:11 PM

Welcome to the exciting world of gaming. It’s where bookmakers and bettors on online casino games strategize their bets to make the most out of their stakes. 

There are various systems used to help predict outcomes and boost those returns. One system that really stands out is the Paroli Betting System — and trust us, it’s pretty unique.

The Paroli system takes a fresh perspective on betting predictions, giving you an edge in your gambling adventures. It’s all about careful analysis and strategic decision-making, setting itself apart from the crowd by focusing on positive progressions and making the most of those winning streaks.

No system can guarantee you a win every single time. But the Paroli system, with its structured framework and the power of positive thinking, believes that consecutive wins are more likely to happen than consecutive losses. 

So, when you score a win, the Paroli system encourages you to up your bet, seizing those favorable outcomes and riding the wave of success. 

If you’re looking to add a touch of optimism to your gaming strategy, the Paroli system is worth exploring.

What Is the Paroli Betting System?

This system is all about aiming for small, frequent wins while keeping the potential losses in check, which is why it’s a popular choice among players.

One of the great things about the Paroli system is its positive progression approach, which means that after each win, you get to increase your bet. 

This can be applied not only to casino games but also to sports betting, giving you the flexibility to try it out in different settings.

What Is the Logic Behind the Paroli Betting System?

The Paroli betting system is widely regarded as one of the simpler and more straightforward strategies among casino online betting enthusiasts, especially for those who play live dealer casino games. Its objective is simple: aim to double your winnings three times, pocket a nice profit and then start the process anew. 

With a bit of luck, players can achieve this goal multiple times during a betting session, hoping that the gains from winning streaks outweigh any losses along the way.

How the Paroli Betting System Works

With the perfect sequence of favorable outcomes, every player can emerge a winner. This holds true for every visit to the casino. The strategy of the Paroli system is simply adjusting bets based on a few simple rules.

Rule 1: Choose a Base Stake

First things first, select a base wager amount based on your bankroll. Ideally, this should be around 2% to 5% of the total amount you’re comfortable risking. For example, if your bankroll is $500, starting with a base stake of $10 to $20 would be sensible.

Rule 2: Double the Stake After a Win

Whenever you win a bet using the Paroli system, it’s time to celebrate and double your stake for the next wager. If you started with an initial bet of $5 and it turns out to be a winner, you should increase your next bet to $10. Keep the momentum going.

Rule 3: Stop Doubling Bets After Three Wins

After hitting three consecutive wins, it’s time to take a breather and revert to the original stake. The rationale here is that winning three times in a row is quite achievable and statistically more likely than hitting four or more consecutive wins. So, savor the victory and start fresh.

Rule 4: Return to Initial Stake After Every Loss

If luck takes a temporary hold and you experience a loss, no worries. Simply return to the base stake for your next bet. Unlike some other betting systems, the Paroli approach doesn’t require increasing the wager after a loss. It’s all about maintaining consistency and keeping things friendly.

Table of Outcomes for Paroli Betting System

First Bet Second Bet Third Bet Net Result
-1 Loss -1 Loss -1 Loss -3
-1 Loss -1 Loss +1 Win* -1
-1 Loss +1 Win -2 Loss -2
-1 Loss +1 Win +2 Win* +2
+1 Win -2 Loss -1 Loss -2
+1 Win -2 Loss +1 Win* +/- 0
+1 Win +2 Win -4 Loss -1
+1 Win +2 Win +4Win +7

How To Apply the Paroli Betting System to Different Casino Games

The Paroli system has a rich history dating back to the 16th century when it was first utilized by gamblers playing the Italian card game Basset. Its effectiveness was tested in casino games online, where it gained prominence in games like online roulette.

Nowadays, it has found its place in various casino table games, with stake progression at its core. While it’s commonly used in baccarat and roulette, the versatility of the Paroli system allows bettors to apply it to other games with +100 odds, such as craps, Pai Gow and blackjack.

How the Paroli System Influences Betting in Different Games

online roulette, a player who bets on a single number starts with a small fraction of their total betting amount. If the bet wins, they double the stake for the next bet. 

On the other hand, if they lose, they retain the initial stake. The same approach applies to the third bet, depending on the outcome of the second.

When it comes to blackjack, you’ll place a wager of one betting unit on your hand. If you win, you’ll double your wager on your second hand. If you win that hand, you’ll double your wager again on the third hand. Regardless of what happens with the third hand, you’ll revert back to one betting unit for the fourth hand. A winning streak of three is believed to be plausible, but a five- or 10-hand winning streak is highly unlikely.

While the Paroli system is a fair one for blackjack beginners, it’s not advised for more advanced players. It doesn’t allow for splitting or doubling down, which should both be maximized under the right circumstances.

When Should You Use the Paroli Betting System?

The Paroli system is a popular choice among both casino game enthusiasts and experienced sports bettors thanks to its straightforward approach. It’s crucial, however, to apply this system to wagers with odds that are as close to 50/50 as possible. By doubling the bet after each win and using those winnings for the subsequent bet, players can effectively utilize the Paroli strategy.

One of the greatest advantages of the Paroli system is its ability to provide a simple and effective bankroll management method. This means that when following the system diligently, sports bettors never find themselves chasing losses or placing excessively large wagers when feeling overly confident. It offers a balanced approach that helps maintain discipline and prevent impulsive betting decisions.

What’s Better Than the Paroli Betting System?

When it comes to betting professionally, finding the right betting strategy is a key consideration. However, there isn’t a one-size-fits-all answer to this question, as what works for one bettor may not necessarily work for another. That’s why starting with a solid foundation of precise bankroll management and maintaining consistency throughout your betting journey is crucial.

To help you navigate the world of betting strategies, here’s a list of some of the best approaches that can potentially give you an edge.

Beat the Bookmakers With Live Betting

Take advantage of the dynamic nature of live betting to find favorable odds and capitalize on in-game developments.

1X on Home Outsiders Strategy

Consider backing the underdog (1X) when they’re playing at home, as this strategy has shown promising results.

All-In on Odds at 1.20 Strategy

Place high-stake bets on odds around 1.20, which can yield consistent returns over time.

The 1-3-2-6 System

A progressive betting system that guides you in adjusting your stakes based on a predetermined sequence.

The Fibonacci Betting System

Utilize the famous Fibonacci sequence to determine your betting amounts and potentially recover losses through progressive betting.

The Kelly Formula

Apply a mathematical formula to calculate optimal betting stakes based on the perceived value of each wager.

Dutching in Sports Betting

Spread your bets across multiple selections to increase the probability of winning and minimize risk.

Early Cashout in Sports Betting

Take advantage of the option to cash out your bets early to secure profits or minimize potential losses.

Bet Live on Over 1.5 Goals

Explore opportunities in live betting by wagering on matches where you expect at least two goals to be scored.

Remember, these strategies serve as valuable tools, but it’s essential to adapt them to your own preferences and style of betting.

Strategy and Game Plan at BetMGM

Ready to try your hand at the Paroli method? BetMGM’s casino table games like roulette and blackjack, online slots and jackpot slots are the perfect places to perfect it. Register today to enjoy all of these games as well as a wide range of variety games and live dealer casino games.

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Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.

Our BetMGM editors and authors are casino experts with a wealth of knowledge of the online casino industry at all levels. Their coverage includes company news, game reviews, how-to instructional articles, strategy guides, and editorials showcasing BetMGM’s superior product and game library.