The Paroli Betting System: Paroli is a form of positive betting progression. Its name derives from the Latin term, par, meaning “one that is equal.” In its simplest form, the system can be thought of as doubling a wager after each win until three consecutive wins are achieved. This tactic has been employed with some success since the 16th century, when it was commonly applied to an Italian card game known as Basset. Today, the Paroli betting system is most effective in wagering on roulette and baccarat, although it can be used for any game featuring even odds bets, including craps, Sic Bo, Pai Gow poker and, with some modifications, even blackjack.
How does the Paroli betting system work? The object of the Paroli betting system is to obtain three consecutive wins in a row, while doubling the wager with each win. To begin the progression, a single unit is wagered on an even money outcome, such as betting on Black at the roulette table. If the wager loses, one unit will be bet again. The player will continue “flat betting” in this way, never varying the amount bet, until the wager wins. Then, following a win, the player will bet two units. If this bet loses, the player will return to wagering one unit. However, if the two-unit bet wins, the next wager will be doubled again to four units—the final bet of the progression, win or lose. The wager will result in either a net loss of one unit or a profit of seven units and a new progression begins.
Although each Paroli progression must end on either a loss or the successful completion of three wins in a row, it is useful to think of the wagering in groups of three bets in order to understand the possible outcomes. These are summarized in the table below. Note that for any three consecutive bets, there are eight possible patterns of wins and losses, only one of which results in the 7-unit profit:
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