As the name would hint at here, the Paroli System is a sports betting system which focuses on par, which means equal. Translate that over to odds and you are looking for bets at even money odds because the system is based on doubling your money. This is a progression betting system and it is one that is pretty easy to pick up because it is just so straightforward. As with any betting system though there are always risks and no guarantees of wins. Here we take a look at the Paroli Betting System.
The Paroli Principle
This is a progression-of-stakes system which has a defined set of rules to play by. As with any betting system, discipline is going to be the key for this. Punters to tend to bet with their hearts and emotions. For example, if a player is on a hot streak of three wins then it is normal to get a little more aggressive with your bets. Conversely, a losing streak can cause a player to panic.
So a betting system, in principle, can help eliminate those own personal variables that are brought to the table. Sticking to the rules no matter what will mean that a punter will stay focused on the job at hand and not get caught up in wayward betting passions.
The Format
There are four different rules in the Paroli Betting system to abide by. These come into play at different scenarios to keep the player on track.
Rule 1: You have to play with a fixed base stake.
That means that every first bet that you will be placing in the Paroli Betting system will be based on the same fixed amount. This is actually important because you are going to need to play within your bankroll because of a need to double up on stakes. So for example, if you have a 100 bankroll to start with and you throw out a 50 stake in the first round, you aren’t going to have enough to bankroll the entire plan which consists of three rounds of bets.
The Paroli System targets regular smaller returns as opposed to going big, so you will probably want to create a stake of no more than 5% of what you are prepared to lose. So working on that principle, less is likely to be more and if you set your stake around the 2% of total losses that you are ready to incur then that would be a good approach.
Rule 2: Double up when you win
Doubling up is nothing new in betting systems. It’s an age-old practice actually but in the Paroli Betting system, there is a limit, which we will get to in a minute. If your first bet wins (remember at that fixed, predetermined stake), then you double up on the next bet. So let’s work off of a 5 stake as your base. The first bet wins, you stake 10 on the second bet. If that second bet in the system wins also, then you double up again to a 20 stake.
Rule 3: Stop!
Winning streaks can get punters so carried away and that is where the real danger is. Winning streaks, just as losing streaks, don’t go on forever! If you have managed to pull together three straight wins then you need to stop doubling up. You can carry on betting of course if you want to, but to do so within the system, you would drop back down to the base stake for a new round of a maximum of three straight wins.
Rule 4: Don’t chase losses
Things are not going to go right 100% of the time in betting, that’s just an outrageous expectation to make. Touching on Rule 3 a little bit more, you will drop back to your base stake anytime that a bet loses. Even if you go on a little losing streak, you don’t chase losses by putting out bigger stakes. Lose a bet – back to base.
The System
So you can see the Paroli System is pretty straightforward and easy. You simply double up a winning stake, but for a maximum of three times in a row. If you are lucky or skilled enough to pull out three straight wins, take that profit and go back to the beginning of the system’s cycle. The premise of this really is that winning streaks of three aren’t all too uncommon, but anything bigger than that and the likelihood of the streak ending is going to increase. The mini winning streaks are assumed to return more than combined losses incurred.
Pros and Cons
It is a nice little system in that you will be fully in control of your bankroll which is never a bad thing and it’s so easy to put into practice. It is also looking at delivering those consistent smaller returns as well, so it does require a bit of patience. But large losses are less likely with this not unless that you have a significant losing streak.
Situations
If you look at it as an overall bankroll, you would need 35 to start with to complete a sequence of three bets (5 + 10 + 20) from a 5 base. Staying on our base of 5 stakes and all bets at even money odds, what would happen if you won all first three bets?
First Bet – 5 stake wins 5 profit
Second Bet – 10 stake wins 10 profit
Third bet – 20 stake wins 20 profit
Result: +35
If all three bets win, it’s time to celebrate because you have doubled your initial bankroll! Then the rule is to go back to the start again so that you don’t lose a big stake next and have profits disappear quickly. Letting 5 slip is better and far less risky than doubling up another time to a 40 stake.
First Bet – 5 stake wins 5 profit
Second Bet – 10 stake loses
Result: -5
(35 initial bankroll + 5 – 10 = 30 bankroll remaining so you are down 5)
First Bet – 5 stake wins 5 profit
Second Bet – 10 stake wins 10 profit
Third Bet – 20 stake loses
Result: -5
(35 initial bankroll + 5 + 10 – 20 = 30 bankroll remaining so you are down 5)
So you can see even if you get to that third bet and the wager doesn’t win, your losses in terms are going to be negligible compared to the initial base stake. The flip side of that, of course, is that you need to hit those three wins in a row to see the returns from your endeavours.
But of course, you may not just want to stick with one round of betting action. You may want to roll on through after a loss and go back to the start and try again. Just to stress the losses in this system compared to your initial outlay, let’s look at a situation where you are alternating between wins and losses.
Bet 1 – 5 stake wins 5 profit
Bet 2 – 10 stake loses (Result: -5)
Bet 3 – 5 stake wins 5 profit (Result 0)
Bet 4 – 10 stake loses (Result: -10)
Bet 5 – 5 stake wins (Result: -5)
Bet 6 – 10 stake loses (Result – 15)
Outcome: 30 spent in stakes (6 bets at 5 each) returning total losses of -15 which means that you have broken even in outlay/loss. So that’s a long sequence of bets were the losses haven’t accumulated. They are still losses of course and you need to know when to call it quits. Presumably, you will have decided this based on your initial bankroll. But in that scenario above, if Bet 6 were to have won instead then it would like:
Bet 1 – 5 stake wins 5 profit
Bet 2 – 10 stake loses (Result -5)
Bet 3 – 5 stake wins 5 profit (Result +0)
Bet 4 – 10 stake loses (Result -10)
Bet 5 – 5 stake wins (Result -5)
Bet 6 – 10 wins (Result +5)
Outcome: 30 spent in stakes (6 bets at 5 each) returning a +5 profit. However, in this scenario, as per the rules, then it would be on to doubling up to the 20 stake for the third bet of course which presents new scenarios.
This is a betting system and betting systems cannot help you overcome any edge that the bookmaker has, they cannot guarantee that you are going to return profits. So what is the point of a betting system? They can offer some control in situations as mentioned above, by setting out a plan and sticking to that instead of just betting willy-nilly with your heart in reactionary situations. This is a simple system looking for smaller, more regular profits off winning streaks of three.
