The Paroli System
The
Paroli betting system is a positive progression betting system,
making it the opposite of the
Martingale betting system. Instead of increasing your bets after
every loss like in the Martingale system, the Paroli betting system
requires you to increase your bets after every win and decrease them
after every loss.
It is a much more stable betting system than the Martingale system because it never requires you to wager more money than your beginning bet. The only time the bets increase in the Paroli system is when you win and let your winnings ride. If you are determined to use a betting system at the craps tables, the Paroli system is definitely the one to use.
How to Use the Paroli System
Imagine you want to use the Paroli system on the pass line at a craps table. The first thing you will need to do is decide your starting bet and choose how long you want to allow wins to ride before you restart the system.
In this example, we will say that after three wins in a row, we will start the system over:
| Bet | Outcome | Net Win |
| $5 | Win | $5 |
| $10 | Win | $15 |
| $20 | Win | $35 |
< -New Round ->
| Bet | Outcome | Net Win |
| $5 | Win | $5 |
| $10 | Win | $15 |
| $20 | Loss | -$5 |
A Stable Betting System
As long as you realize that the Paroli betting system does not do anything to overcome the house advantage, there is nothing wrong with using it at the casino. It is a pretty stable betting system because it doesn’t require you to get in over your head like the Martingale system.
The Paroli betting system is a useful bankroll management tool for players who have trouble sticking to their self imposed betting limits. By using this betting system, you never wager more money out of pocket than the amount of your beginning wager.
Using the example from above, you start out with just $5 and then let it ride every time. Your bets increase in size but you never have to pull out more than $5 at a time from your pocket.
Some gambling theorists will argue that money you have already won, whether you pocket it or not is still money you own and should not be counted separate from your bankroll. Although they are technically correct, the Paroli betting system is still useful for keeping players from dipping too far into their gambling bankrolls.
A Common Misconception of the Paroli System
Some websites claims that the Paroli betting system takes advantage of hot streaks and minimizes losses during cold streaks. Although the Paroli betting can be fun, the premise of hot and cold streaks is fundamentally flawed. There is no such thing as a “streak” in gambling.
Every roll of the dice, flip of a coin, or spin of the wheel is an independent and random event. There is no such thing as being “on a streak.” Every time you throw the dice, the odds of any particular result are exactly the same no matter what has happened recently.
For example, if a coin is flipped five times and happens to land on heads every time, it does not mean you are on a heads streak. The past results look like a streak but that doesn’t tell you anything about future coin flips. There is still a 50-50 chance the coin will land on heads during the next flip.
What that all means is that the Paroli system doesn’t really take advantage of streaks or make it any more likely that you will win. Even so, that doesn’t mean it is completely useless. The Paroli betting system is still a fun way to exercise the old gambler’s adage of “playing with the house money.”
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