Last updated on August 4th, 2024
The Paroli Strategy
As we already discussed several times in our in-depth casino guides, playing at your favourite casino without a strategy can be detrimental to both your finances and your health. This is why many seasoned casino players, especially professional gamblers, always make sure to employ a proper casino strategy prior to placing a bet. Regardless of whether you are playing online slots or classic casino games, employing a strategy is essential for success. This is where the popular Paroli strategy comes into play.
Also known as the Paroli betting system, this is arguably one of the most popular gambling strategies out there. While every gambling strategy has its own pros and cons, the reason why many players love the Paroli is that this is one of the least volatile systems you can use, unlike the far more risky Martingale strategy, which is also called the “reverse Paroli”.
In this casino guide, we will explore the mechanics of the Paroli strategy, see how it fares in different gambling games, and most importantly, explore the benefits and pitfalls of using this strategy.
What is The Paroli Strategy?
A positive progression gambling system, the Paroli strategy derives from the Latin word “par” and means “one that is equal”. This is an excellent description of the strategy, as it implies that this system requires you to match the previous bet after every win.
Moreover, the Paroli system is based on a positive progression system that originates from the famous French mathematician, Blaise Pascal, also known as the creator of the Roulette wheel. However, there are those who believe that this system existed 4 centuries before Pascal took the code and improved it.
Positive progression systems such as the Paroli require that you increase the bet after every win, which is the complete opposite of negative progression systems where you double the bet after each loss. One example of a negative progression strategy is the Martingale strategy, which we will cover in our next edition of casino guides.
How The Paroly Strategy Work
Now that we have established that the Paroli system is a positive progression system, let’s dive deep into more details as to how this strategy works.
As you already know, positive progression systems require you to increase or double, your bet after every win. This means that your bet amount should be between 5-10 percent of your entire gambling budget.
For example, if you intend to spend $100, you should wager $10 per wager. From here, if you bet $10 per round and you lose that round, you should bet the same amount of $10 in the next round.
If you win, however, you should double your bet from $10 to $20. If you lose again after doubling your bet, then you should go back to the original size of your bet, or the initial $10.
It is important to remember that regardless of how much you win, you should always reset your bet to the original size, which is the most effective way to use the Paroli system, and as such, the least detrimental to your bankroll.
The essence of the Paroli system is to maximize your winning streak and keep your losses to a minimum. Just as with all other positive progression betting systems, when using the Paroli strategy, you should mostly focus on bets that pay 1:1, and preferably, have a 50% win rate.
An unwritten rule of the Paroli system is that you should reset after three consecutive wins, being that this is one of the most foolproof ways for this strategy to work. By resetting, setting a limit, and starting over, you minimize the risk of losing your bankroll and prevent any potential losses.
Where Can You Apply The Paroli System?
The first thing you need to remember is that the Paroli strategy is mostly effective with bets that pay 1:1, i.e. have a 50% win rate. Casino games such as blackjack, baccarat, roulette, and even craps, are perfect for implementing the Paroli strategy.
Paroli Betting Strategy
However, when it comes to sports betting, applying the Paroli strategy is a completely different story, as you will have a hard time finding matches that come with 1:1 odds, and this even includes horse racing.
The only sports that have a nearly 1:1 payout in sports betting are mostly individual sports such as UFC, boxing, tennis, etc. This is your best shot at finding 50% payout odds and implementing the Paroli system on them.
Paroli Roulette Strategy
Roulette is one of the best games where you can apply the Paroli strategy simply because you get several 1:1 bets, as you can bet on odds or pair, high or low, and red or black. Just make sure to play the European or French roulette version, as they come with a single 0 digit on the wheel, unlike the American with two.
Paroli Blackjack Strategy
Blackjack is perhaps the most difficult casino game to apply the Paroli strategy just because it requires both smart spending and alert mental sharpness. This is because it is up to you to maintain the 50% odds, and this requires exceptional knowledge of the game and a cool head to pull off. Knowing when to stand, hit, split, or double down is the decision of the player, which is why only more experienced players can pull off the Paroli in blackjack successfully.
Paroli Baccarat Strategy
Baccarat is a perfect game for using the Paroli strategy as it also comes with 1:1 payouts. Applying the Paroli strategy in baccarat is simple as all it requires is avoiding the tie option and side bets, and betting only on either the banker or the player.
Paroli Craps Strategy
Craps is another game where you can use the Paroli strategy effectively, particularly for bets such as pass or don’t pass that come with a 50% payout. Just make sure to avoid complex bets with lower win probability and higher house edges, and you are good to go.
Tips For Playing The Paroli Strategy
Now that we covered everything you need to know about the Paroli system, here are several tips that can help you regardless of whether you intend to use the Fibonacci or this particular casino strategy.
- Plan – set a bet limit and determine how many consecutive you will play before resetting the initial bet.
- Budget – start with small amounts and plan your budget carefully. Always bet 10% of your total bankroll.
- Play even-money bets – always make sure to play games and sports that have an even win probability.
- Set limits – set time and bankroll limits as this will prevent poor decision-making and the loss of your money.
- Gamble responsibly – always make sure to gamble with a plan and to apply safer play practices.
Final Thoughts
The takeaway from this casino guide is that the Paroli system is just as effective as any other strategy if used under the right circumstances. This entails using the Paroli when you play casino games such as roulette, blackjack, or baccarat, being that such games come with a 1:1 payout which is perfect for this strategy to work.
If you wish to try the Paroli system in betting, then make sure that you wager on individual sports, as you will have a hard time finding the same payout in team sports.
However, even the best strategy will be inefficient if you don’t employ responsible gambling practices. This is why you must always play with a cool head, always set budget limits and never overindulge. Remember, even the best gambling strategy means nothing if you underestimate the volatile nature of gambling.
Good luck, have fun, and always gamble responsibly.
Frequently Asked Questions (FAQs)
Is Paroli a good strategy?
The Paroli is a good strategy when it is applied to casino games, such as roulette, baccarat, keno, and blackjack. As long as you play games with a 1:1 payout, the Paroli will work.
What is Paroli strategy?
Paroli is a positive progressive gambling strategy that players use for playing casino games, which derives from the Latin word “par” and means “one that is equal.
How to use the Paroli strategy?
Using the Paroli is simple, as all you are required to do is double the bet after every win (preferably up to three times), and then reset after a loss.
Can you apply the Paroli strategy in sports betting?
If you manage to find games with odds that have a win rate of at least 50% (which is very difficult), and you play mostly individual team sports, then yes, you can apply the Paroli system to sports betting.
