The Paroli betting system is a progressive betting system you may use, from novice to professional gamblers prefer to use this kind of method wherein to make profit by small wins consistently and to avoid huge losses.
This kind of system opposes the Martingale, instead of doubling your stake per loss, the Paroli makes you increase your stakes after a win.
Take note; there’s no guarantee to turn a profit with this system, but it is appealing for a few kinds of reasons. Its popularity is largely down to the fact that it is incredibly easy to learn and use.
The Paroli system is merely the parley system that many gamblers use; that is, you increase your bet after a win and keep on incrementing your next bet as long as the win follows.
Fixed Base Stake
To use this system effectively, you should have a fixed base stake, this refers to how much stake to start with in each cycle.
It depends on you upon the amount you choose, but it shouldn’t be too high from how much you have in total of capital gamble with.
For example, a 2% of what you are prepared to risk losing in a session is probably ideal, and you really don’t want to go above 5% as it would greatly affect the sizing of your whole capital.
So if you have $200 total capital that you are happy to play with, a base betting unit of $4 would be about right to start a series.
Doubling Up After Each Win
For every winning bet, you must double your stake for the next bet. So if you start with $5, and then win, your next bet should be for $10. If you then win again, you double up once more to $20.
Stop After Three Consecutive Wins
You should stop increasing your stakes after three consecutive wins to keep those profits onto your pockets, and start again with your initial base stake, reducing the risk of giving back your winnings. The idea of three consecutive wins is not particularly uncommon, but any more than that becomes less likely.
Base Stake After a Loss
Whenever your bet loses, your next bet should always return to your base stake. It doesn’t matter how many times you lose in a row, you should never increase your stake following a loss.
The best example for this kind of scenario is the movie The Gambler.
Once again, the Paroli system should be done on the even-money bets. So what are you waiting for? Try the Paroli system on 12BET and bank some profit!