A progressive betting system like the Paroli one uses increasing bets placed on winning streaks to achieve profit. Each time you win, you increase your bet to achieve more earnings. This stands in contrast to the very popular Martingale system, which is a negative progression system. In the Martingale system, you increase your bet only when you lose a bet. The Paroli system actually works in the opposite manner.
Managing Your Money
Worth this system, you have to manage your money by setting limits for yourself. You choose the size of the units you are betting and set limits as to how much you will allow yourself to win or lose before you stop playing. This ensures that you never lose more money than you can live with. The amount raised with each bet is also decided by the player.
When to Use the System
You can put the Paroli system into use any time you are playing a game with even bets. Only bet on those even money bets where you earn back as much as you bet if you win. This means you can use it for blackjack, roulette, craps, and baccarat.
About the System
You need to set an upper limit for yourself. This is just as important as setting a loss limit, and it gives you a ceiling to reach before you call quits on the system. You don’t necessarily have to quit playing the game at this time, but you should return to the original betting unit once you hit that predetermined limit. You can base that upper limit on how many betting units you have in your bankroll. Essentially, how much money you have determines how much you should be playing for.