Bank on Win Streaks With the Paroli System

The “Paroli” betting system sounds like something you’d order with extra parmesan, and to be fair, it was popularized by Italians. But in fact, the Paroli strategy is a betting system that dates back to the 16th century, when gamblers first used it in a card game called Basset.

Players are pumped for Paroli for two simple reasons: it’s easy to use and it doesn’t punish losses. Instead, it waits until you’re on a winning streak, then encourages you to double your bet and ride the momentum.

Let’s dig into the Paroli strategy and see why this old-school classic still hits the spot with modern players.

What is the Paroli system?

The Paroli system is a positive progression betting strategy, which is a fancy way of saying you only raise your bet when you’re winning. It’s the opposite of the Martingale system, where you double down after every loss.

You start with a base bet, double it after every win, until the third win, where you reset and go back to your original bet. The reasoning is that three-win streaks are more common than four, and the goal is to lock in your profit while the streak is still warm. No one wants to stomach cold Paroli.

It pairs best with bets that have nearly even odds, like red or black in roulette or the pass line in craps.

Paroli System Example

Let’s say you’re using the Paroli system with a base bet of $10. Here’s how it plays out:

1. You place your first $10 wager and win.
2. That win tells you to double, so your next bet is $20.
3. You win again, which means it’s time to double again to $40.
4. If that $40 bet also wins, you’ve completed the Paroli cycle. Collect your winnings and reset to your original $10 bet for the next round.

If at any point one of those bets loses, you also return to your $10 base bet. So if you lose on your first $10 bet, your next one is still $10. If you lose the $20 bet in the second round, you drop back to $10.

Pros and Cons

The Paroli betting system rolls with your wins, but a losing streak can still hurt.

This is why you might want to try it:

Pros:

• You only increase your bet when you’re winning, so losses don’t spiral out of control as easily.
• It’s easy to track.
• Three wins in a row can leave you with a tidy profit, then you reset before luck turns.
• It pairs well with bets that have close to 50/50 odds, which covers many popular table games.
• You don’t need a huge bankroll to make it work.

Now, like any betting system, Paroli has its limits. This is why you might want to pass on Paroli and save room for something else.

Cons:

• You’ll often lose small amounts before hitting a winning streak, which can add up.
• If you really are on an extended winning streak, resetting to your base unit after three wins limits your gains.
• It doesn’t change the house edge. You’re still playing with the same odds, and in most cases, it’s slightly more likely to lose three times in a row than it is to win.
• If you never hit three wins in a row, the system doesn’t deliver on its promise.

If you’re planning to test out the Paroli system, table games are the perfect place to dig in, especially when you play with Bitcoin gambling. Depositing with crypto gives you faster, safer deposits and withdrawals, and once your payout is approved, your winnings hit your wallet in 15 minutes or less.

Paroli Betting For Roulette

Paroli does its best work with 50/50 odds, and roulette is stuffed with those like, well, a good ravioli.

Try the Paroli strategy with roulette on red/black, odd/even, or high/low. Each of these has a roughly 48.65%[1]  chance of winning on a European roulette wheel. Each time you win, double your bet until the third win, then rou-let yourself take a breather and start fresh with one betting unit.

Paroli Betting For Blackjack

When you crunch the blackjack numbers, the player wins roughly 42% of the time[2]  with perfect strategy. Plus, with a house edge as low as 0.5%, your bankroll holds up better here than almost anywhere else on the casino floor.

To use the Paroli betting system in blackjack, stick to simple, even-money hands without splitting or doubling down. Double your bet after each win, and once you’ve won three hands in a row, reset to your original wager.

For another positive progression blackjack strategy that works at a slower pace, try the 1-2-3-5 blackjack strategy, which raises your bet in 1, 2, 3, and 5 unit increments.

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Paroli Betting For Baccarat

Baccarat is a natural fit for the Paroli system because the two primary bets (banker and player) are nearly 50/50, which is the ideal playground.

Betting on the banker is the best way to play baccarat because it gives you about a 50.68% chance of winning (after accounting for ties), while the player bet comes in slightly lower at around 49.32%.

To use the Paroli betting system in baccarat, bet on the banker, double your bet after each win, and reset to your base bet after three straight wins or any loss.

Paroli Betting For Craps

Craps might look chaotic, but it’s actually a great match for the Paroli system when you stick to even-money wagers like Pass Line or Come. These bets come with a house edge of around 1.41%, and your chance of winning clocks in at roughly 49.29%[3] .

To use the Paroli betting system in craps, start with a base bet on Pass Line or Come, double it after each win, and reset to your original bet after three wins or any loss. Avoid complicated bets like hard ways and field bets, as these crazy-high house edges won’t work well with Paroli.

If you prefer to play against the crowd, you can also run Paroli with Don’t Pass or Don’t Come bets, better known as the Dark Side Craps strategy.

Is the Paroli system good?

The Paroli system isn’t a magic trick, but it’s one of the more sensible betting strategies on the menu. It doesn’t demand a massive bankroll, it doesn’t chase losses like a runaway meatball, and it gives you a clear, portioned plan to follow.

That said, it won’t beat the house edge in the long run, and if your luck runs cold, you’ll find yourself nibbling away at your bankroll while waiting for a hot streak that never shows up.

To test it for yourself, fire up a Cafe Casino table game with *near* 50/50 bets, such as blackjack, baccarat, craps, or roulette. Play for free in Practice Play to get the hang of the Paroli system, then switch to Real Play to coast the hot streak and devour your wins for real.