What are the risks and potential rewards of the Parolibetting system?
Although roulette is often thought to be a game of pure chance, there are nevertheless a number of popular betting strategies that players can utilize to increase their chances at the betting table. As one of the casino games with the lowest house edge, there isn’t a huge amount you can do to improve the likelihood of winning a particular spin. However, if you structure how you bet, you can potentially improve the chances of having a bigger return over the course of a betting session.
This is essentially what the Paroli betting system looks to do. This is a betting strategy that you are likely to see at the best NJ online casino. What exactly is the Paroli betting strategy though, and what kind of risks does it involve?
The Paroli betting system is among the oldest roulette betting strategies that we know of, and is thought to have emerged for the first time in Monte Carlo around 100 years ago. It takes its name from the Latin word ‘par’, which roughly translates as ‘one that is equal’. It was first referenced in a gambling book from the early 1900s.
If you are familiar with the Martingale betting strategy, then you will have no problem understanding the basic mechanics of the Paroli betting system. The Martingale strategy involves doubling down on your bet after every loss. The logic behind this strategy is that over time, you will eventually hit a winning bet, by which point your bet will have grown to cover the losses suffered in the run-up.
The Paroli betting system is essentially the opposite. Every time you win a round, you double down your bet. Once again, the logic behind the Paroli system is the same as the Martingale system – by the time you win another round, your winnings will have grown to cover any losses suffered until that point.
In terms of the potential advantages that the Paroli system has over other betting strategies, the most often forwarded one is that with betting strategies such as the Martingale system, you are playing with your own capital. However, with the Paroli system, you are essentially using the dealer’s capital – i.e. the money you have won from them. This means that for the most part, your winnings will be provided with a little bit of extra protection insofar as you aren’t necessarily doubling down with them after each win. Additionally, the Paroli betting strategy can be used on all forms of roulette games, from live dealer roulette, to even the most recent digital roulette releases.
The biggest advantage that this provides is that it will potentially allow you to stay in the game for a little bit longer as you won’t burn through your funds as quickly as with the Martingale system. As the Martingale system involves you doubling down after each loss, you will often find yourself doubling down more quickly than you might be comfortable with. This can deplete your funds quite quickly if you don’t keep a close eye on how much you are betting each round.