Parlay betting system is a popular variant of the famous martingale strategy. In this blog post, we discuss the advantages and drawbacks of parlay in roulette.
We tell you how to use parlay in roulette and how much you can win with it.
Keep reading if you’re considering using parlay in roulette.
What Is Parlay in Roulette
Let’s dig in.
First of all, parlay in roulette requires that you bet on either red/black or even/odd, aka bets paying 2x.
It’s also a good call to start with small bets because this is a progressive system. Progressive in betting means that you keep increasing your stake after a milestone. With Parlay, that means raising the stake after winning.
Parlay is incredibly simple.
Let’s say you can afford to bet $10 per hand. You should then determine how much you’d like to win. We recommend establishing that in multipliers. For instance, let’s say you want to win 10x your stake. In this case, that would be $1,000. So, your target goal with parlay is $1,000.
Remember, in parlay you should not double your bet. Instead, up your bet by adding the initial stake.
And, as long as you’re staying on even-money bets, you should be fine.
If you’re a beginner, be careful because losing streaks are a thing. It doesn’t mean that you will win eventually. No rule of probability guarantees an ultimate win in roulette. The little wheel is a game of luck.
How to Use Parlay in Roulette
With the theory out of the way, here’s an example of parlay in roulette.
- Determine your end goal.
- Set your betting limits aka how much you’re betting in the entire session.
- Start with a bet as small as possible.
- Bet on red, black, odd, or even.
- If you lose, bet the initial stake in the next round.
- After a win, add the original bet to what you’ve won. (positive progression)
Hence, when you lose in parley, return to your initial bet. After a win, append the original stake to what you have won so far.
A considerable disadvantage of this system is that you can potentially lose big sums. Going all-in incessantly requires giving up possibly huge wins. Similarly, you risk big losses, too. Therefore, it’s crucial that you should set up your final goal first.
In any case, it’s a good idea to try roulette for free first. Testing out parlay in roulette can greatly impact your skills when the real deal comes.
When Not to Use Parlay
Progressive systems rely on streaks. It may happen that the odds are not in your favor on the day you’re playing. If after a few spins you keep losing, give it up. It’s not a good day for parley.
To see it in practice, make sure to play free roulette before playing for real money. Do it for a week every day and you’ll see that winning and losing streaks do not come regularly.
Parlay – Pros & Cons
So, parlay is great for experienced players with moderate bankrolls. It doesn’t take too much money to use this betting system. Therefore, you don’t have to be a high-roller to use parlay in roulette.
Parlay is also applicable in blackjack and baccarat. However, in baccarat, you need to take either of the two main bets; side bets do not qualify.
The widespread applicability of this strategy makes it popular with players worldwide. Every day, more and more gamblers try this method out.
What about you? Share your experience with parlay in the comment section below.