Paroli Betting System Explained

The Paroli betting system is a positive progression strategy that’s designed to capitalize on short winning streaks. You can use this system on table games like roulette, baccarat, craps, and Sic Bo, which offer bets that pay even money (1:1).

We’ll explain how the Paroli strategy works and how to use it at a crypto casino. You’ll discover the key pros and cons of the system, and we’ll highlight alternative strategies you can try.

What Is the Paroli System?

The Paroli system is a betting strategy that requires you to double your bet after each win. If you win three bets in a row, the sequence ends: you bank your profit and drop back to your starting stake. A loss ends the sequence too, sending you back to the same starting point.

This is a positive progression system, which is designed to cash in on brief winning streaks. The Paroli strategy doesn’t chase losses, so it takes a very different approach than the Martingale and the D’Alembert.

You can use the Paroli on casino games that offer even money bets. Examples include red/black, odd/even, or high/low on roulette, the player bet on baccarat, pass/don’t pass and come/don’t come on craps, and Big or Small bets on Sic Bo.

How Paroli Works: A Worked Example

If you want to try the Paroli strategy at a casino, start by setting a base unit. This is your starting stake, and it should only be a small percentage of your bankroll.

For example, let’s say you have $1,000 to play with, and you decide that your base unit will be 1%. In that case, you’d start each sequence by betting $10. If you lose, just bet $10 again.

Whenever you win, double your stake. If you either lose or win three in a row, go back to the start and bet $10 again.

Here’s a worked example of how a roulette session might unfold if you follow the Paroli betting system:

In this example, you won eight bets and lost eight bets. If you’d wagered the same amount on every spin, you would have broken even. However, you actually ended up with a $60 profit, despite losing half your bets. That’s because there were a couple of strong winning streaks during the session, which the Paroli system capitalized on.

Pros and Cons of the Paroli Betting System

Pros:

• The Paroli betting system doesn’t require a large bankroll, as you always reset after three consecutive wins.
• You won’t come up against table limits when following the Paroli strategy, as it never requires you to place huge wagers.
• The system takes advantage of hot streaks, but the hard reset after three wins makes it more disciplined than the Reverse Martingale (see below).
• It’s easy to follow the Paroli system, as it doesn’t require any complex math, so you’re unlikely to wager an incorrect amount.

Cons:

• The Paroli doesn’t capitalize on winning streaks of more than three bets, so it might not appeal to risk-takers.
• This approach makes no attempt to recover losses during a cold streak, so some players lean toward the Martingale or the D’Alembert instead.
• The Paroli betting system only delivers profits when your casino session features winning streaks, and they’re never guaranteed.
• This system can’t overcome the house edge that casinos build into their games.

Paroli vs Martingale

The Paroli system doubles your bet after each win, whereas the Martingale doubles your bet after each loss. In some ways, they’re mirror images: the Paroli chases winning streaks, while the Martingale chases losses.

However, there’s another key difference between these systems. The Martingale strategy is far more aggressive than the Paroli. It has no cap, as the idea is to keep doubling your bet until one big win eventually wipes out all previous losses. That means you need a huge bankroll, and you also run the risk of hitting table limits after a long losing streak.

Here’s a snapshot of the main differences between the Paroli and the Martingale.

Other Alternatives to the Paroli Strategy

There are plenty of alternative betting systems to try. Here are some of the most popular options:

• Reverse Martingale: This system is similar to the Paroli, as you double your bet after each win. However, you don’t reset after three wins, so it’s far more aggressive. One loss will wipe out all previous wins, so you need to quit when you’re ahead.
• Mini Martingale: A watered-down version of the Martingale, in which you end a sequence after three consecutive losses. This is a genuine opposite of the Paroli system.
• 1-3-2-6: Start by betting 1 unit, and advance to the next number in the sequence after a win (3 units, 2 units, 6 units). If you complete the cycle, you’ll lock in a 12-unit profit and then return to your starting stake. This is another positive progression system, which is slightly more aggressive than the Paroli.

Conclusion

The Paroli is a simple betting system that pays off when you hit short winning streaks. You don’t need a huge bankroll, and you won’t need to worry about table limits either, so it’s a beginner-friendly strategy. It can’t overcome the house edge on casino games, but the Paroli system can help you manage your bankroll at the best crypto casinos.

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About the Author

Ilija Miljkovac

Ilija is a CCN writer with 7 years of experience covering all things crypto. Ever since a fateful run-in with Litecoin in 2013, he's been an avid investor and writer in the space. When he's not maniacally hacking away at his keyboard, Ilija spends his time either hiking in nature or holed up in his apartment gaming.

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