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The Paroli System
The Paroli system is almost the exact opposite of the Martingale system. Instead of chasing your losses and locking in wins, the Paroli system advocates playing with house money and going for the big score. The Paroli system makes for a very fun gambling system, but make sure to note that the Paroli system does nothing to decrease the house edge of the game.
How to Use the Paroli System
The first step for players using the Paroli system is to choose which game they would like to play. The Paroli system can be used for roulette or craps, because both have even money bets (red/black bets in roulette, and the pass line bet in craps). Once you have picked a game, you have to decide on your starting bet, and how long you will let your wins ride.
A stable betting system would be to start with $5 bets, and allow your money to ride for three total wins. Here is how that would play out:
| Bet | Result | Net Win/Loss |
| $5 | Win | $5 |
| $10 | Win | $15 |
| $20 | Win | $35 |
After you win three bets in a row, you keep your winnings and start a new cycle:
| Bet | Result | Net Win/Loss |
| $5 | Win | $5 |
| $10 | Win | $15 |
| $20 | Lose | -$5 |
As you can see, the worst thing that can happen on any single round is a $5 loss. This is much more stable than the potentially disastrous losses you can incur while using the Martingale system (if you have a bad run of luck).
Problems with the Paroli System
The Paroli system never claims to be a proven winner, but it is important that you realize the Paroli system does nothing to change the odds of the game - the house still retains its edge, and you are still at a disadvantage as a player.
Advocates of the Paroli system suggest that the system takes advantage of your hot streaks, and minimizes your losses during cold streaks. Although this sounds good in theory it is false, because there are no "streaks" in gambling. Each hand/roll is an independent event that has no effect whatsoever on the next hand/roll. Since there are no streaks, the Paroli system obviously cannot take advantage of said streaks.
What the Paroli system can do is provide you with a stable betting system that gives you a chance to make a big run here and there by playing with house money. If you play a long session you will most likely be a loser, but the Paroli system can give you some short term thrills and excitement when you get on a lucky streak. You may also want to learn about the Parlay system, as it is very similar to the Paroli system.
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