I talked about the Parlay system yesterday and how the Paroli strategy is just a variation of the Parlay. The Paroli system can be used in roulette and just about any other gambling game. Again, this is a positive progression system where you increase your bet sizes as you win and lower them as you lose. This system benefits more often when there are winning streaks over consecutive spins of the wheel.

Now the part that makes the Paroli roulette system different than Parlay is the fact that you are now betting 100% of your profits after each win. If you think about it, this complete all-in double down of your bet is actually risky. You also need to come up with a stop point to your bet or you are always going to lose and I’ll explain why.

Let’s say you bet $10 again at your first spin of the roulette wheel. If you win, your next bet would be $20. If you win this bet as well, you would have a net profit of $30 from your original $10 bet. If you lose, you would have a net loss of $10. The problem and disadvantage of using this system is whenever you lose the game, you will always end up losing all of your profits plus your original bet. This is because you are going double or nothing on all of your bets. In the end, you can never win if you keep on betting because the house has the advantage in the long term.

So the strategy here is to make a mental note or condition that you will accept your profits and reset your betting system after say 4 or 5 wins in a row. That way you can keep the profits and then start over at the bottom of the ladder. For example, if your original bet was $10 and you used the Paroli system over a 5 win streak, your net profits would be $310! If you were to continue, your next bet would be a staggering $320 and you would be risking all of your profits plus your original bet. If you were to win 6 bets in a row, you would have a $630 profit, but it gets riskier since all winning streaks will come to an end at some point and you want to get out before then.

Most importantly: Use the Parlay, Paroli and any of these other free roulette betting systems on wagers with the best odds! That means outside bets like red/black, or odd/even. Basically bets with nearly 50/50 or 1:1 payout odds. All of these systems would be very costly and would not work well when betting on single numbers or wagering on inside bets since you will lose much more often than you will win, even though the payouts are higher. This would defeat the whole purpose of these systems.