Paroli Betting System - How it Works
The Paroli betting system is essentially the exact opposite of the Martingale system. In fact, it is sometimes referred to as the Anti-Martingale system.
Under the Martingale strategy, gamblers double their bet after every loss. In contrast, the Paroli betting strategy has gamblers doubling their bet after every win. The strategy is based on the same strategy that banks employ for compounding interest.
For example, let's say you're at the roulette table and you place an initial bet of $5. If you win, then your next bet will be $10. If you win again, then your third bet will be $20. If, at anytime during the run, you lose your bet, then your successive bet will be $5.
Laying Parameters for the Paroli Betting System
Before employing the Paroli strategy, it is important to lay down some parameters. Specifically, you will need to decide at what point you wish to stop the raising of bets and return back to the initial bet. This is because it is never advised to just keep raising your bet until you lose.
For many people, the magic number is three. This means that after three consecutive wins, they drop their bet back to the initial value.
Benefits of the Paroli Betting System
The Paroli system is intended to maximize earnings won during a hot streak. As opposed to flat betting, the gambler will earn more when they hit a string of luck.
The Paroli system also affords gamblers with a small bankroll the opportunity to earn a larger amount in winnings. The system is considered a more stable betting strategy than many of the alternatives. In relation to the Martingale strategy, the advantage is that you are not chasing your losses by betting more after each loss, which could result in ruin if you run out of money or hit the table maximum betting limit.
