Parlay Betting System

casino-strategiesParlay Betting System has been applied by players for quite some time. It has been first used back in the 16th century in Italy and today, it is a widespread method used predominantly in the game of blackjack, baccarat and roulette. Parlay is a variation of the Paroli system. Players also call it “pyramiding” or “Let it Ride”.

Parlay System Basics

The Parlay system falls in the category of positive progression systems. When applied, it enables the player to increase their bet after registering winnings and enhance their chances of further increasing their winnings by using house money rather than betting a part of their own betting fund.

As mentioned above, the Parlay is similar to the Paroli system but the latter is way too complicated as compared to the Parlay where you are not required to use your own betting money in order to qualify for a life-changing amount of money.

In order to get started, you have to set the amount of your first bet and increase it when you win. However, if you have a losing streak, you have to reduce the bet to its initial amount. Another important detail you should take into account is the size of the maximum win, which gives you a clear idea of when is the right time to take the winnings off the table.

Below, you will find an example of applying the Parlay system and how it works in a game of roulette.

Presumably, your initial bet is €10 and your max win is set at €80. You bet on red and the payout is 1:1.

Before the first spin, you bet €10 on red. In case it is a winning one, the second bet is €20 on red. If the second win is winning as well, the third one will be €40 on red. If the third spin is also a successful one, it means you reach the max win amount of €80 you have previously set and the game has to start all over. Don’t forget that your bet has to be reduced to its basic amount of €10 as well.

The above situation with four winning spins is really great but unfortunately the chance of losing during the cycle also exists and if that happens you have to return to the €10 bet you have placed before the first spin.

Many newcomers ask about the reason why they have to set a max win amount. Well, setting a max win amount is recommended rather than obligatory but it guarantees that you will eventually register some profits. Failing to set a max win amount put your winnings at a huge risk. You can lose the entire amount if you have a long a losing streak.

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Advantages and Disadvantages

The main advantage of using the Parlay system is that you can win a decent amount of money in a short notice and instead of risking your own funds, you rely on the eventual winnings in order to continue playing. The max win limit should not be neglected, otherwise you might have a pretty disappointing game session.

As for the disadvantages, the Parlay system is not efficient when it comes to long- term playing. Remember that neither the Parlay nor any other betting system has impact on the outcome of your game. Yet, it can help you avoid overspending and using your own funds.

Applying Parlay Betting System in Blackjack

The Parlay System, along with the Martingale one are the two most commonly applied systems during a game of Blackjack but experienced players define them as a bit extreme. The reason why Parlay is considered an extreme is that after every win, the player is supposed to double their bet. Bearing in mind that fact, it is not easy to keep the most part of your profits when you “Let them ride”. And here comes the importance of the max win limit that prevents you from leaving the casino empty handed.

Speaking of the game of Blackjack in particular, the Parlay system is intended to take advantage of the winning streaks.

Most players apply the system during no more than three game sessions. They are enabled to use the split and double down options. If you have at least three winning streaks, you will most certainly get home richer, even if you experience a number of losing streaks after that.

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Applying Parlay Betting System in Baccarat

During the game of Baccarat, applying the Parlay system means that you double your bet and apart from that, you also add the amount you won from the previous cycle. You are enabled to do that as many times you wish or until you lose. Along with Blackjack and Baccarat, those keen on horse-racing also apply that system.

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Applying Parlay Betting System in Roulette

The Parlay is one of the easiest to apply systems in a game of roulette as it does not contain any complicated mathematical estimates. Before you start playing, you have to set your initial bet as well as the max win limit. Unlike some other systems, the Parlay does not require you to place only even money bets. That’s why it is so widely popular among players – it reduces the risk of losing all your betting funds and at the same time it is not too boring to follow. If you are intending to engage in a fun, short-term game session, there is no better system to use than Parley.

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