The Paroli Roulette Strategy
As one of the most popular betting systems worldwide, the Paroli roulette strategy can often be seen in the US online casinos as well. For that reason, this overview will examine all the pros and cons of the Paroli. So, let’s dive into the ins and outs of this well-known betting system.
The History of the Paroli Roulette Strategy
As it turns out, the Paroli system is one of the oldest strategies in the casino world. In fact, most experts agree that the origins of this betting scheme can be traced all the way back to 16th century Italy. Yet, the Paroli was first documented by Victor Bethell in 1910.
Either way, there is no doubt that the Paroli concept has a long-lasting presence. Since this is a safe and reliable system, generations of casino goers have tried using the Paroli to maximize their profits. The term Parlay system is used interchangeably with the Paroli, and some players also refer to this scheme as the Reverse Martingale.
But no matter the name, the bottom line is that the Paroli offers you a chance to maximize the profits when playing roulette in a New Jersey online casino. Therefore, it is important to understand the ‘mechanics’ of the system before you begin with real money play.
How Does It Work?
The Paroli is a so-called positive progression, which means that you increase the bets after a win, not after a loss. Also, it can be said that the Paroli is a scheme with a steep progression because the players should double the bet after a win.
To clarify, here is the breakdown of the moves you will be making if you decide to try out the Paroli:
- If you win – double the bet
- If you lose – return to the initial bet
- If you win 3 times in a row – return to the initial bet and end the cycle
As you can see, there are a couple of things you need to pay attention to before even starting the cycle. For instance, it is important to determine the size of the starting bet. As a rule of thumb, the players in online casinos in the US often start with the minimum table bet – $5 or $10, depending on the casino. In any case, the initial bet should never exceed 5% of your bankroll! Speaking of bankroll, players should also determine the stop loss limit when applying the Paroli.
To illustrate the system in action, let’s assume that you wager $5 on an even-money bet. As we all know, the even-money bets in roulette are the safest bets you can make at the table. It doesn’t really matter which outside bet you will choose – red/black, odd/even, low/high. They all offer the same odds (close to 50/50) and the payouts are the same as well – 1:1.
So, if you bet the $5 on red and the ball lands on a red spot on the wheel – you will win $10. For the upcoming spin, you need to double the bet, which means that your wager will be $10. If you win again – double the bet and invest $20. If the third bet also results in a win, you will win a total of $40. If we deduce the initial bet, the profits from the cycle will be $35. In translation, you would win 7 units (7*5=35). In fact, the result of every successful cycle in Paroli will be a profit of 7 units.
Can the Paroli Strategy Beat the House?
Since the players are restarting the cycle after three wins, the Paroli prevents the losses from getting out of hand. Yet, even if the losses are not escalating at an alarming rate, can you lose a lot of money by using this system?
Well, the answer to this question hides in the built-in advantage that a casino has over the players. For example, the house edge on European roulette is 2.70%, while the American version entails even better odds for the casino with 5.26% of house advantage. With that said, it is clear that the even-money bets are not even at all.
As a matter of fact, 3 wins in a row at the roulette wheel are more likely NOT to occur. In other words, players have only about a 5.6% chance of seeing this happen. Of course, these statistics may not apply to your particular session at a US online casino. In other words, they illustrate the probabilities related to long-term play.
Advantages of the Paroli Roulette Strategy
As we said earlier, the Paroli is one of the safest betting systems out there. Also, this scheme is very easy to use and you don’t need a huge bankroll to start using the Paroli strategy. As such, novice players can try it out and win a few dollars by playing online roulette.
In essence, the Paroli is effective in the short-term and consistent small wins are the main advantage of this system.
Disadvantages of the Paroli Roulette Strategy
betting strategies can overcome the house edge. For that reason, the players should always be careful when playing with their hard-earned dollars.
In the case of the Paroli, the main issue with this scheme is that players can accumulate 1-unit losses and exceed the 7-unit winning limit. To clarify, the eventual winning round will not compensate for the losses. Thus, you could lose a lot of money quickly by relying on the Paroli strategy.
Also, the Paroli does not offer huge winnings. Even if you manage to get ahead, the profits will be relatively small. Although this may suit the rookies, seasoned players are often not interested in chasing low-value rewards.
Variations and Modifications of the Paroli Roulette Strategy
Even though there are no official variations of the Paroli, players can tweak the system to suit their needs. After all, different casino goers have different styles of play.
For example, some roulette players decide not to double after the win. Instead, they increase the bit in a different way, often following a certain sequence. Or, players can decide to end the cycle after a predetermined profit limit has been reached, not after 3 successful rounds.
How Difficult Is the Paroli Strategy?
Unlike some other roulette strategies, the Paroli does not require advanced mathematical skills. In other words, this is not a complex system that would have you taking an Aspirin at the end of the playing session.
On the contrary, Paroli is a convenient and simple betting strategy. Since it is so well-defined and well-organized, you can apply it to your sessions with ease.
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The simplicity of the Paroli strategy can allow you to kill two birds with one stone – have fun at the casino and earn a few bucks. Moreover, Paroli is a safe and trustworthy system, a system that can provide players with a lot of small wins. Yet, this strategy is not flawless, and the drawbacks should never be ignored. To clarify, you should always be careful when using the Paroli strategy at one of the best online casinos in the US.