Roulette is a game that has headlined casinos for as long as anyone can remember. Despite being created by accident, roulette set off a craze that never died down.
As the gaming sphere evolved, this gave birth to many roulette variants featuring a tonne of new, modern mechanics that players could not spot in traditional roulette casino games. Aside from several variants, roulette strategies also began to form, used as a way to potentially boost players’ odds of winning.
With this article, we’re going to take a look at one of the most prominent betting systems to have been created — the Paroli strategy.
WHAT IS THE PAROLI SYSTEM?
The Paroli system is a positive progression system that is also referred to as the reverse Martingale. Some historians argue that Victor Bethell formulated this strategy, while others believe the creator to be the French mathematician Blaise Pascal. Despite its unestablished origins, however, the Paroli betting strategy has become widely used by roulette players from around the world.
Being a positive progression system, the Paroli method involves increasing your bet after every winning spin. The goal is to double your bet for three consecutive wins, after which the bet will reset to its original value. Like the Martingale system, this strategy is best suited for outside bets, although it has known to have been used for inside bets as well.
The idea behind the Paroli system is pretty simple. When placing your starting bet, one unit would be wagered on one of the several even-money bets available. These include Red/Black bets, Even/Odds bets or High/Low bets. If the bet loses, you must bet one unit again.
If your next bet results in a loss, the bet remains the same and will continue to remain unchanged until you secure a win. And, when a win occurs, you must double your bet. You will continue to bet again until you bet a total of four units, marking the end of the Paroli progression.
HOW DOES THE PAROLI BETTING SYSTEM WORK
So now that we’ve gone through the basics, let’s take a look at how the Paroli system actually works with a practical example, using an initial bet size of €1:
- With your first bet, wager €1 on one of the outside bets of your choice. Suppose the outcome is a loss.
- Your second bet will be €1 again. Suppose the outcome is a win.
- Double your next bet to €2. The outcome is another win.
- Now, your bet value becomes €4. If the outcome is a win again, this will put an end to your progression.
- If you lose, reset your bet to €1 and repeat the progression until you hit three consecutive wins.
As you can see, the losses incurred when using the Paroli system are not substantial losses, especially when compared to other roulette systems. This betting strategy also does not require much brain power to understand and implement, so players of all levels can make use of it.
HOW TO USE THE PAROLI STRATEGY
Are you interested in seeing this betting strategy in action? We’ve got you covered! Check out this quick table that breaks down the Paroli progression:
|Spin||Bet Amount (€)||Result||Net Profit (€)|
PAROLI BETTING SYSTEM VARIANTS
The Paroli method is quite well-known within the iGaming sphere, but did you know that this betting strategy also has its own variants?
Before you start wagering, take a look at these slight variations of the Paroli system to see if any one of these works best for your betting style.
The inverted Paroli system is actually pretty similar to the Martingale betting system. However, while the regular Paroli method capitalises off of winning spins, the inverted Paroli technique focuses on capitalising off of losing streaks.
In fact, many roulette players refer to the inverted Paroli as a negative progression system, as it involves doubling your bet after every loss to cover the net loss incurred from your initial stake. Winning spins signify a profit, so there would be no need to increase your bet size after hitting a winning streak.
The extended Paroli is where your betting can get a little more complex. This betting technique emphasises the wins incurred by outweighing losses — similar to the regular Paroli. However, where the extended Paroli system differs is that it solely depends on the total amount you wish to wager.
With every win, this method requires you to double your bet as usual. But, every loss will retain the same bet value. After hitting three wins in a row, you must stop betting and begin the progression again as your odds of winning reduces.
PROS AND CONS OF USING THE PAROLI ROULETTE SYSTEM
The Paroli system can help boost your net profit when betting at roulette tables. However, like many systems, this strategy is not perfect. No strategy can guarantee more wins, as the house will always have an advantage (as indicated by the house edge).
That said, it can help you allocate your funds more efficiently. Let’s take a look at the advantages and disadvantages of using the Paroli technique:
To start off, here are a few reasons why the Paroli strategy is worth using:
- Easy concept to understand.
- Easy to implement.
- Controlled potential risks as players begin a new progression after only three winning streaks.
- Larger bets are not required when hitting a losing streak, as, after every loss, every bet will be one unit.
- It can be altered to suit any bankroll of any size.
- You won’t be risking large amounts of money to win.
- You can win even if you win fewer times than you lose.
- Great for beginners.
- You won’t have to worry about table limits as you won’t be doubling your bet for an extended period of time.
Now, here are a few pitfalls that may arise when you use the Paroli system:
- This method does not account for long losing streaks. In ideal successful progressions, the player would walk away with seven units in profit following a three-win progression. But, the player might wrack up multiple one-unit losses before they can earn a profit
- If the player hits a losing streak and must recover from multiple losses, seven win units might not be enough to cover the dent to the bankroll, even with successful wheel spins.
- This strategy is not viable in the long run.
DOES THE PAROLI SYSTEM REALLY WORK?
When it comes to betting strategies, one of the biggest questions on players’ minds is do they actually work, which is a bit of a loaded question.
Mathematically speaking, yes, betting systems do work. They were designed to boost profits by capitalising on extended losses or extended wins. However, you’ll never actually know when you’re going to win or lose, so incorporating a betting strategy into your style of play can be quite a risk.
This is because most casino games are games of chance. There is no guarantee that you’ll win, and sure-fire strategies do not exist, especially when it comes to a game like roulette that has no level of skill involved. Some strategies involve increasing your bet with every loss to offset those losses with a large win. In theory, this sounds like a great idea, but not if you hit a losing streak.
In reality, whether a strategy is worth risking your bankroll for is up to you. Be sure to do extensive research on your betting system of choice, and maybe even practise using the technique in the demo mode of First-Person tables.
ODDS OF WINNING USING PAROLI ROULETTE STRATEGY
The biggest question of all is how many progressions should a player try before beginning the progression again with their base stake. Although the recommended progression is three, some more ambitious players may want to try for four or five successful progressions to boost their winnings, but what are the odds of this happening?
When placing even bets, there is an 18/37 chance of winning — never 50% exactly due to the zero double pocket. So, what are the odds of hitting four wins in a row in European roulette?
The math goes: 18/37 x 18/37 x 18/37 x 18/37 = 0.056.
Statistically, there is a 5.6% chance of winning four times in a row on one outside wager, which is not super great in hindsight. But, according to the Paroli technique, the winnings that you will eventually receive should be enough to offset the losses you’ve incurred.
Bear in mind that the odds may be less when playing American roulette due to the additional double zero pocket.
TRY THE PAROLI ROULETTE SYSTEM WHILE PLAYING ROULETTE AT LVBET
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✅ HOW DOES THE PAROLI ROULETTE SYSTEM WORK?
Using the Paroli betting system is pretty simple. All you have to do is begin with a base stake of one unit, and place a bet on one of the even-money wagers available.
If the second spin is successful, your next wager will be double your initial bet. If unsuccessful, revert back to one unit. This continues until you hit three consecutive successful spins. With your fourth spin, you must start the progression again.
✅ IS THE PAROLI ROULETTE SYSTEM LEGAL AT ONLINE CASINOS?
Yes! This strategy is totally legal to use as it does not guarantee winning; it is simply designed to potentially boost your chances of earning higher wins.
✅ WHAT ARE THE CHANCES OF WINNING USING THE PAROLI SYSTEM?
If you want to hit three winning spins, the chances of that happening can be calculated by multiplying the odds of winning an even-money wager by three:
18/37 x 18/37 x 18/37 = 0.115 = 11.5% chance of winning.
✅ IS THE PAROLI SYSTEM WORTH USING IN ROULETTE?
That is up to you to decide. While a strategy is designed to boost your odds, the chances of you actually winning are unknown, as winning is never a guarantee — especially with a casino game like roulette that is totally based on chance.