Roulette: The Paroli Strategy
- Pros and Cons of this System
- Extremely low risk
- Financially focused
- Simple to execute
- Relatively ineffective in the long run
- Slow increase in profits
Roulette has grabbed the attention of gamblers and mathematicians alike given the opportunity for strategy and payout analysis. House edge indeed changes per roulette game, for instance French roulette has a lower house edge than that of the American game. The potential to adopt a more strategic betting style doesn’t stop at choosing the game itself, there are betting strategies to consider and this is where the Paroli strategy comes into play. Put simply, Paroli is a form of betting progression, where players double a wager following each win until they achieve three consecutive wins. This age old tactic has been put in to play since the 16th century. Latin speakers will recognise the name is derived from the latin term ‘par’ meaning, one that is equal, reflecting how the bets are placed.
How the Strategy Works
As we’ll illustrate shortly, the Paroli strategy is pretty easy to understand and relatively effective, which accounts for its popularity among beginners and advanced players alike. The system works similarly to the Martingale strategy, and those familiar with this alternative will grasp the concept of doubling. The Martingale technique involves players doubling their bet each time they make a loss, conversely, the Paroli strategy calls for players to double their bet each time they win and make profit. The idea behind this strategy is that betting is more prudent, making only small bets until you have won. The theory is, only a small bet is paid out of your own pocket (assuming you’ve not made any profit), since bets are only jacked up after a win.
This strategy has some clear advantages; since your stake increases by the profit made, you can make money more securely, in theory. The table to the left illustrates the choices available, as you can see, it’s entirely up to you which opportunity you decide upon, cut your losses or play on until luck changes. Seemingly bets increase by the money ‘won’, as opposed to your own money, however this way of thinking is fundamentally wrong. Think about it, once you risk to bet again with the previous rounds wins, it’s still your own money at stake. Consider leaving the game following a win in contrast. One of the best outcomes and the aim of many players using this betting system is the goal of a double Paroli. This modest profit goal is highly attainable with no great skill or prior knowledge of the game. Consider, if you win your first round, (first parole) and wins the next bet, and the third, your goal is reached. If there is a loss between the fourth bet, one simply starts again with the original bet.
Example of this Strategy in Action
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Let’s assume you try to win two consecutive bets on black, we’re looking at 18 numbers with the potential to win, and another 18 which would result in a complete loss, as well as the special case of the zero. Depending on the roulette variant and the rules, the bet is either blocked, or the player loses half the bet.
Given a £5 bet on black, a win will result in a total profit of £10. The following bet is then set to £10 and placed on black again. Should the black appear yet again, you’ve already won £20 which given the strategy, you set again. Given a third-time appearance of the black, this strategy has increased £5 to £40 within a short time, 4 spins of the roulette wheel to be exact.
Of course, there’s losses to consider, which are also covered within the Paroli technique. In the event of a loss, the following technique is adopted: the first two rounds are won again given the original bet, rising to £20 placed on the third round. The third round is a loss, but the loss from the original capital is just £5.
In contrast to the alternative, (the Martingale strategy), the risk of losing capital isn’t as high, since bets are usually lower therefore there’s not as much money at stake. For a deeper understanding of how profit can be generated using this technique, refer to the graphic illustrating how the system works given instances of both profit and loss.
Does the Paroli Strategy Work in the Long-term
The idea behind the Paroli strategy is to make small losses and few big gains, or at least this is what players expect from adopting this style of play. If we leave the zero out of things, gains and losses would be relatively balanced over time. However, taking the zero into account, which we have to given the roulette wheel, mathematically one always loses a little within this system. Of course, all probabilities are based on statistical averages, and in reality, outcomes may run very differently.
If you play for a prolonged amount of time, it’s advised to not set your Paroli goal too high, with many players adopting a two turn system, which whilst ensuring you’ll remain in a good balance, you won’t experience such a happy high. The fact of the matter is, this system is easier to execute than other systems and doesn’t require nerves of steel and high losses due to starting with low deposits.
History of this Strategy
It’s little known that the term Paroli originated from a card game, far removed from its contemporary association with the game of roulette. Back in the 18th century, in the game known as “Faro”, the winner of a game upwardly bend a card, this bent card was known as Paroli. This upward bend signified that the winning player is making it clear he has temporarily waved the right to collect profit and the amount won, together with the original bet of the game. The player gets triple of the original bet winning with this Paroli game.
Those who run in gambling circles will hear the phrase “to offer someone’s Parole” or “to bend someone a Parole”, even today. These same principles of the game apply to the strategy used in roulette in current times. By taking an unexpected measure and waiving profit, then setting this plus the original bet on the game. To try out this betting strategy for real, head to my roulette main page, for a comprehensive list of the best online roulette casinos.