Roulette is a favourite game of casino players who enjoy taking risks. This table game is full of excitement. Whether you want to engage in American roulette or French roulette, knowing the basics is important. From the roulette wheel and roulette odds, you must have an idea about everything. Moreover, learning the different strategies is also important. The Parlay roulette system is an important strategy in the game of roulette. Continue reading to know more about this strategy.
An Overview of the Parlay Roulette System
The Parlay betting strategy is one of the progressive betting systems. However, it is quite different from the Martingale strategy and other roulette strategies. Many roulette fans leverage this strategy as they believe it to be easy to learn and safe.
In the Parlay roulette system, you will have to increase your bet size whenever you win. You need to add the profits to the initial wager placed. However, when you register a loss, you will return to your original bet value. You will stick to it unless and until you get a win again. The best thing about this strategy is that you use your winnings to place bets instead of the funds.
To understand this better, let’s take an example. Imagine you start betting with 10 pounds. In case you lose the bet, you will bet 10 pounds again in the next spin. However, if you win, you will have to invest 20 pounds in the next round. In case you win yet again, your betting amount for the next round will be 40 pounds.
Steps to Leverage the Parlay Roulette System
Now that you have an idea of the Parlay roulette system, you might want to use it when playing roulette online. If you want to leverage this strategy, here are the steps you must follow. Let’s take a look!
Set an Initial Bet Size
If you are willing to use the Parlay strategy in the game of roulette, the first thing you need to do is determine an initial bet size. To set the bet size, you need to think about how much you are willing to spend in the roulette game in one gambling session. According to the experts, it is always recommended to set a base bet size that is just 5 percent of your total bankroll. Another way of setting your initial bet size is to use the minimum limit of the roulette table.
Determine the Target Profit
Setting an initial bet size is not enough. But you also need to determine a target profit. Otherwise, you may end up losing all your winnings. Once you reach the set winning goal and collect the profits, you may begin the progression again. However, a point to note here is that the Parlay betting strategy isn’t profitable in the long run. So, using it for too long can affect your bankroll negatively. Therefore, you must know when to stop.
Modify the Betting System
If you are just playing the game of roulette for recreational purposes, you can make slight modifications to the Parlay betting strategy. It will help in making the bet safer for you. Instead of using your entire profit, you can use some portion of it in the next round. For instance, if you start the game with 10 pounds and are successful in winning more than 10 pounds, your next bet size can be 15 pounds and not 20 pounds.
Benefits of Using the Parlay Betting System
Still, wondering why to use the Parlay betting system in your roulette game? If yes, here are the benefits you must know.
One of the very obvious benefits of leveraging the Parlay betting strategy is that it is simple to understand and use. You need not be rocket scientists or have special skills in order to understand this betting system. Even if you do not have much experience in the game of roulette, you can easily understand and apply this strategy.
Reduces the Risks
Another significant benefit of using the Parlay betting system is that it lowers the risk for the players. The bet size in this strategy is relatively small. That means even if you have a tight budget, you can use this betting strategy. Moreover, you have to increase your bet size only when you win. That means you will use your winnings in the next bet and do not have to use your funds. However, you need to be careful and make your decisions wisely to avoid the chances of losing.
Parlay is one of the most flexible betting strategies you will find. Most systems can be used on even-money bets. However, the Parlay roulette system is applicable to both the inside and outside bets. Also, as discussed above, the betting amount in the strategy can also be changed a little to make the bet safer for recreational roulette players.
Using the Parlay betting system can instill discipline among enthusiastic players. It is because the players need to collect their profits when they reach a predetermined win limit. Moreover, the players also have to decide when to stop playing and leave the roulette table with their profits. It helps in securing the bankroll of the players effectively.
Drawbacks of the Parlay Betting System
No doubt, there are several benefits of using the Parlay betting system. However, there are certain drawbacks too. The potential ones are listed below.
Profitable in the Short Term
The Parlay betting strategy works well for the players only in the short run. In the long term, it can result in the loss of money.
Relies on Winning Streaks
In order to reach the target profit, the players have to get several consecutive wins. However, that may not be possible at all times. So, accomplishing the objective can be a little challenging.
Disclaimer: The above strategies give no guarantee of a win as the house will always have the edge.