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How Does the Parlay System Work?
The Parlay System seems pretty simple, but succeeding in using it involves great discipline and calculation. This system is generally used for even-money bets, wherein one uses the winnings of one bet to fund the next and hopefully win several times in succession. For a better understanding of this method, let's consider a specific example:
- Suppose that you had an initial bankroll of A$100 and placed a bet of A$5 on black in roulette. Since you win, the profit will be A$5, adding up to A$105 in total bankroll.
- You take only the profits made from the first round for the second round and place the same bet of A$5 on black. If you are twice lucky, the balance will increase to A$110.
- Your third bet is to double again, so you bet A$10. If you win on this, then you will have A$120.
- Fourth Round: You bet A$20 and win to have A$140.
- Fifth Round: You bet A$40 and win on it to add A$40 more balance to your account, which would be a total of A$180.
This is an example under optimal circumstances that may let you imagine how five in a row can nearly double your bankroll. You need to remember the likelihood of witnessing this is only 2.72%, making it anything but typical. If any of these bets lose, you go back to the first bet, and your system begins anew.
Drawbacks of the System
While the Parlay system certainly promises speedy, substantial returns, there is also a significant amount to take into consideration. Perhaps the most evident negative aspect of the system in itself is that everything hangs in the balance upon your first bet being a winner. If you lose your first round, this can be one really bankroll-heavy approach, especially if you don't manage to put together any kind of winning streak.
Another thing that has to be taken into consideration is that the strategy supposes five successive wins, an event that, though possible, is statistically improbable. Bankroll growth thus tends to be erratic and plagued with ups and downs quite regularly, a factor that players from Australia seem to accept readily enough. This often leads back to smaller base bets after losses.
To gamble even more aggressively, the Parlay System is used by some players in conjunction with a Martingale progression once a second win has been obtained. Players will double their bets subsequently to accelerate the potential process of recovering from losses and increase returns. The potential for significant losses is further escalated if the winning streaks do not continue. Firm limits and proper management of your bankroll are highly instrumental in minimising this potential for adverse results.
