Paroli Betting System in Blackjack

The Paroli System of Betting in Blackjack is a system where you press your bet when you win. Unlike the Martingale system where you press and chase your losses, the Paroli System utilizes your profits to get over when you are ahead of the game. A system of this nature can be dangerous if the blackjack player fails to exercise prudent bankroll management skills.

How the Paroli Betting System Works

In the online casinos Paroli Betting System, You start your bet with one unit. If you win the first bet, then your second bet is the first bet plus your winnings. If you win the second bet, then your third bet is the second bet plus the winnings from that. At any time that you lose, you start the next bet at one unit. As you can see, this system works exactly the opposite of the Martingale system, as you double your bets upon a loss to “chase back” your winnings.

Example of the Paroli Betting System

We start at an online blackjack table where the minimum bet is one and the maximum is one hundred. We decide we will implement the Paroli System of betting. Our opening bet is one and we win. We press the bet, as our next bet is two. Should we win the second bet, we take our winnings of four and press them to bet five (our original bet plus the winnings). If we win the next bet, we bet eleven and so on.

While see how winnings can add up, let us look at the Paroli system in a more realistic situation. Again, min one and max one-hundred blackjack table. We open with our initial bet of one and lose. Our bankroll currently sits one bet down. We bet a second time, again placing a bet of one. We bust and are now down two bets. We bet a third time, but this time we win. We are down only one bet now. Our next bet is for two units, which we also win and we stand at a profit of one. We bet again, this time wagering the profit of two from our previous bet plus our original bet of one. Again, we win and we are now up four bets.

As you can see, the Paroli Betting System has a lower downside risk, while presenting a rather attractive upside reward. Additionally, with this particular black jack strategy, you can choose to reset back to one without having to worry about putting in the stop-loss, as the betting system relies on pressing your winnings to show profit.