Blackjack strategy - Paroli Betting System
The Paroli system is a positive progression system, the aim of which is to build or "pyramid" your profits.
The player starts with the minimum bet. If the first hand wins the player increases the next bet. If the first hand loses, the player makes the original bet.
With each win the player uses that profit to ‘pyramid’ the winnings based on the probability of hot streaks.
If you want to start using the Paroli strategy, it is wise to have a plan before sitting down at the blackjack table. For example,make a decision about how far you’re willing to enlarge your bets. This depends on factors such as the type of blackjack you are playing, the odds you are getting, and, in the end, the amount of cash you are playing with.
How does the Paroli betting system work? For example, you are playing at a blackjack table with the minimum bet of $2. You make a $2 bet and win $2 and so then you double your next bet, it will be $4. If the next hand wins again, you will make a bet of $8 and so on. At some point (you’d better predetermine this point) you revert to the original bet (even if you go on winning) and continue from there.
1 win 1 + 1 win 2 + 2 lose 1
When using The Paroli betting system you do not need to invest heavily, taking into consideration that you set a minimum bet. It is a comparatively consistent and stable system.
However, the Paroli blackjack betting system, as with any other positive progressive system, is developed to take advantage of winning streaks. In the long term, even using a positive blackjack system like the Paroli, you may lose your original bankroll, especially if you are in a hurry or frustrated.