The Parlay System in Roulette

french_rouletteOne of the easiest betting systems to understand and use is the Parlay system. The term ”parlay” means ”accumulator bet”, or ”combo bet” and is compatible not only with the game of roulette, but with any other type of betting activities available to a player. In terms of roulette, this system can be applied both to inside bets and outside bets.

Many players consider the Parlay system as one utilizing no specific mathematical approach. With it a player simply needs to decide the amount he/she feels convenient to place as a bet and the amount of money he/she wishes to earn. The main objective is to register two or more wins in a row, which will allow the player to profit exponentially until a predetermined target level is reached.

The core of the system

The Parlay is a positive progression system, similar to the Martingale and D’Alembert approaches, but it does not share the drawbacks the latter two tend to have. The Parlay system postulates that first, a player needs to decide the size of his/her initial bet. Once this bet turns out to be a winner, the player needs to increase the size on the next bet and do so after each win. On the other hand, whenever a loss occurs, the player needs to return to his/her initial bet size and start the betting process from the very beginning. The betting sequence should lead the player to a maximal amount of profit, which he/she sets before the game is initiated. It is the target, which determines when the player should leave the roulette table.

European Roulette Table

We should note that with the Parlay system one has the opportunity to be resourceful. Thus, he/she does not have to follow any strict rules, or to place bets of one and the same type. Let us illustrate this with a few examples.

First, let us assume that a player chooses to make even-money outside bets, such as those on color. The size of his/her initial bet is set to $20, while the maximal profit is set to $200. The player intends to bet on black. He places the first bet of $20 and it wins. Thus, the second bet (also on black) will be increased to $40. In case it wins again, the third bet will be boosted to $80. In case it wins, the fourth bet will be increased to $160. If it also wins, the player will take his/her $200 off the roulette table and begin the process again with $20. It is so, because $200 was the target profit. In case a loss occurs at some point, the betting sequence will be initiated from the beginning with the first bet being $20.

The maximal profit is set, so that at some point the player will be able to leave the game with earnings. In case no maximal profit is set, this means the player allows his/her gains to run until a loss occurs, while the latter is a guarantee that no gains would be achieved with the current sequence.

Second, let us assume that a player intends to use a variety of bets. The size of his/her initial bet is set to $20, while the maximal profit is set to $400. The first bet of $20 is placed on even numbers and it wins (resulting in $40 (20 + 20)). The second bet of $40 is placed on red numbers and it also wins (resulting in $80 (40 + 40)). The third bet of $80 is placed on six numbers (a line bet) and if it wins as well, the player will achieve his/her maximal profit (the line bet will pay 5 to 1, or 5 x $80 = $400, while the overall result will be $480). All in all, by using three consecutive wins and three different types of bets, the player is successful in accomplishing his/her target. In case a loss occurred at some point, the betting sequence would be initiated from the beginning with the first bet being $20.

Roulette Ball Speed

Disadvantages of the system

The Parlay system is an appropriate choice only in a short term, as it grants a player the opportunity to earn a lot without being exposed to too much risk. However, in a long term, the system will lead to the loss of money. It is so, because the player is able to change only the size and the type of his/her bets, but not the odds of the game. Or, the house edge remains unchanged and the player is as likely to lose in a longer period of time.

Another obvious drawback is that in order to achieve his/her target profit, the player needs to score several consecutive wins. By placing outside bets, which pay even money, such as red/black, even/odd numbers, it may be quite a difficult task. On the other hand, by placing bets with higher payouts, the player will need a lesser number of consecutive wins to accomplish his/her objective.

As for the maximal profit, the player should aim at such a level that requires no more than 3-4 successive wins. The probability of such a winning streak is 1/16 and it is quite reasonable to anticipate it during a typical roulette session.

There is no betting system that is immune to drawbacks, but with the Parlay the down side is limited to just the original bet. Or, the player will never experience a spiral or losing bets that grow successively larger in size, as in other betting systems. Thus, with the Parlay system the bankroll of a player is not likely to come under heavy pressure in any given session. This is the reason why the system is not losing its popularity, but quite the opposite – it often fits the preferences of players with different tolerance to risk and different bankroll sizes.

Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on Google+
Google+
Share on LinkedIn
Linkedin
Share on Reddit
Reddit