The Paroli betting system is a popular strategy bettors use to maximize their winnings and minimize losses. In this betting system, the punter doubles their wager every time they win until they win three times in a row. It is most commonly used in games like baccarat and roulette but can also be applied in sports betting.
The idea behind the Paroli bet system is simple. It is designed to maximize profits during winning streaks and reduce losses during losing streaks. To implement this system, you must first determine your betting budget or bankroll. You will then use between 5–10% of this budget as your base stake.
If you think your wager is small, it’s advisable to take advantage of betting sites with bonuses instead of increasing your stake beyond the set percentage. You can then wager this base stake on your bet. If you win, double your wager on the next bet and continue this pattern until you win three times in a row. Then, you return to the base stake. Also, if you lose at any time, you must return to your initial wager size for your next bet.
Let’s say you have determined your betting budget to be $100. If you decide to wager 10% of it, your stake size will be $10 per bet.
Following the Paroli betting progression, if you win the first bet, your second wager will increase to $20. If you win the second bet as well, you’ll double your wager once more to $40 for the third bet. If you nail this third wager, making it three consecutive wins, you must revert to your initial $10 wager. You must also go back to the base stake if you lose at any point.
Now, if you want to apply the Paroli system in sports betting, it will be more effective if you also bet on games that offer even odds or close to it. Examples include 1.9, 2.0, 2.1, etc.
Below are certain rules that you must follow to use the Paroli betting method successfully:
As I’ve mentioned earlier, you must have a betting budget or bankroll from which you’ll determine your base stake. This can be anywhere between 5% to 10% of your budget. However, some bet experts recommend a more conservative approach, pegging it between 2% to 5%.
When you win a stake, you should double your bet for the next bet. For example, if you win your first bet with a base stake of $7, your next stake will be $14. If you also win the second $14 bet, your next stake will be $28. By doing this, you’re maximizing your profits by capitalizing on your winning streak.
After the third win in a row in a Paroli betting system, you must stop doubling your stake. You can decide to stop betting at this stage or continue. If you continue, you must revert back to your base stake. For example, if your base stake was $7, the next bet after your third consecutive win will be a $7 bet.
By stopping the progression after three consecutive wins, you’re avoiding the risk of potentially losing it all. In other words, you’re withdrawing your profits and minimizing the risk on the next bet.
If you lose any bet in the Paroli system, you must revert back to your base stake. In other words, a loss, whether in the first, second, or third bet, resets the betting progression.
Generally, the Paroli method is pretty beneficial, especially for effective bankroll management. However, it also has its downsides, like any other betting strategy. Here are the pros and cons of the system:
| PROS | CONS |
|---|---|
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PROS
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CONS
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Unlike the Paroli strategy, the Martingale system involves doubling your stake after every loss. It is the direct opposite of the Paroli technique. The table below shows the differences between the two systems:
| Paroli | Martingale |
|---|---|
| It involves doubling your stake after each win until the third consecutive win. | It involves doubling your stake after each loss until you win. |
| It focuses on maximizing profits and minimizing losses. | It focuses on recovering losses. |
| It involves lower risk. | It involves higher risk, especially if you experience a prolonged losing streak. |
| It’s a positive progression with a defined end. | It’s a negative progression that ends only when you eventually win. |
| It encourages a smaller bankroll. | You’ll need a bigger bankroll. |
For the purpose for which this system is designed, it’s safe to say that it works. It effectively mitigates losses and helps bettors get higher profits on each win. However, the system may not really pay off if you experience a prolonged losing streak. In this case, recovering your losses may take time if you stick with the system.
Also, it’s important to note that there’s no ultimate betting system that guarantees long-term profits. This is because every strategy is still dependent on the quality of wagers you place. Therefore, it is important to conduct appropriate research and analysis and make informed bets with high chances of success.
