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The Parlay or Paroli Method

14 July 2022

CINDY: Would you say that trend betting is the most common method of play for casino players.

ABBY: Yes, probably alongside some form of progressive betting where you raise your bet as you win and lower your bet as you lose. Or the opposite, raise your bet after you lose and so forth.

CINDY: I have used trend betting at times at some games. I know it doesn’t increase your chances to win and in fact you are merely allowing the casino’s edge to work on more of your money. It’s hard to resist at times because things are going your way. I only increase my bets if I have been winning.

ABBY: I agree that you do not want to trend bet when you are losing hoping to make your wins cover those previous losses. That’s called the Martingale and it is not a good way to go about casino gambling. That can lead to a bad, bad, bad session or trip. You only want to go up on your bets since money has been coming in for you.

CINDY: Correct. We are then talking about a positive progression trend. Things are going up and then your bet goes up with that. Do you buy into the parlay principle? You know, you win one and increase your bet and do this three times? I think this was originally called the Paroli system. I am not sure who developed it but it is played all the time.

ABBY: There is one small drawback to the Paroli system and it concerns the house edge whacking away at more of your money.

CINDY: As we stated.

ABBY: If you are going to raise your $10 bet to $20 after a win, you have given the casino a shot at $30 of your money. Why not just go immediately to $20?

CINDY: A bigger bet right off the bat might jangle many players. It would me. I prefer slow and steady. I can take the $10 loss but going up to $20 or $40 right away would be too much for me.

ABBY: Yes, I am probably in that category too. Too much is too much. You lose that $40 and you have to get back and that might take a long time at $10 a hand or never if you lose $40 and $40. Slow and steady does seem the best way to do the Paroli.

CINDY: Name some of the games where this could be a reasonable strategy.

ABBY: Mini-baccarat. I only bet the “bank” bet because it wins slightly more than 50 percent of the time and has a very low house edge.

CINDY: That game is super-fast.

ABBY: Yes, it is. I do sit out some hands to reduce the number of decisions I play.

CINDY: Smart move.

ABBY: I think the even-money bets at roulette could be used too.

CINDY: I think you want to be as close to 50/50 as you can be. You wouldn’t want to use blackjack where the house wins 48 percent of the hands and then some hands would require you to really increase your bets. Losses in those situations would hurt a lot.

ABBY: Maybe just the “pass line” or “come” bets at craps, no odds.

CINDY: Okay, so there are some ideas of using a positive progression.

ABBY: Okay!
Royal Flushes

Abby Royal is a lawyer and Cindy Royal is a school administrator. Together, they are the Royal Flushes. The sisters play weekly or bi-weekly in such venues as Atlantic City, Las Vegas, Pennsylvania and Indian casinos throughout the country. They also enjoy the casinos on cruise ships. They know their stuff and have some great stories about their exploits.
Royal Flushes
Abby Royal is a lawyer and Cindy Royal is a school administrator. Together, they are the Royal Flushes. The sisters play weekly or bi-weekly in such venues as Atlantic City, Las Vegas, Pennsylvania and Indian casinos throughout the country. They also enjoy the casinos on cruise ships. They know their stuff and have some great stories about their exploits.