If you are a casino fan who loves risking, roulette is the best table game for you. This traditional table game offers a thrilling experience to players with and without experience. One of the unique things about roulette is it features multiple betting systems.
Since its invention, roulette has gotten the attention of many players who desperately want to beat the house edge. The curiosity to beat the casino is what led to the creation of roulette betting strategies. The Parlay system is one of the most commonly used by roulette players. Also, this roulette system is among the oldest methods, as it was invented back in the 16th century.
We have explained everything you should know about the Parlay roulette strategy in this detailed article. You're going to learn how the Parlay betting system work in different roulette games, the benefits and risks of using it, and more.
What is Parlay Roulette Strategy?
Simply put, a Parlay is a betting system where two or more wagers are combined to offer a relatively bigger payout. The term 'Parlay' means 'accumulator' or 'combo' bet. The unique thing about this strategy is that it can be used on popular online casino games and sports betting.
When it comes to roulette games, they can be used on inside and outside bets. Although many people often think that there is no specific mathematical formula that is associated with this strategy since you only need to pick the bet and the amount you wish to earn.
The goal of the Parlay roulette strategy is to get two or more consecutive wins. The system allows players to earn until the predetermined target profit is achieved.
How Does the Parlay Betting System Work?
The Parlay strategy is a positive progression system that shares the same idea as the Martingale and D'Alambert strategies. The only difference is that the method does not have the same weaknesses as other betting systems.
According to the roulette Parlay system, they must, first of all, decide the size of the initial wager. If the bet wins, the player increases the size of the next bet and repeats the same after each winning hand. But if a bet is lost, the player must return to the original bet and start the process afresh.
This betting system is designed to lead players to get maximum profit from playing roulette. It is essential to understand that the Parlay betting system can be profitable since it doesn't require you to follow strict rules. What sets this roulette strategy apart from other betting systems is that players use their winnings rather than funds to play.
If you are going to use the Parlay roulette system, you must start by deciding the amount you will bet per unit. It is also essential to set a maximum win limit so you can know when to cash out your winnings.
Let's use an example to help you to understand how the Parlay roulette system work:
Assuming you choose to play even money bets, like red or black. The initial bet of $10 and a maximum profit target of $100. If you bet on red and the first bet wins, the second bet on red must be increased to $20. In case this bet wins, the third bet is increased to $40.
The sequence goes on until the target profit of $100 is reached. But if you lose a bet in the process, you must go back to the first step and start again. The good thing with the Parlay system is that you can use it on various wagers. For instance, you can combine color and line bets to increase the potential payout.
Advantages and Disadvantages of Parlay Betting Strategy
Like other roulette strategies, the Parlay betting system has advantages and disadvantages for the players. These are the points we highlighted while testing this betting system:
- Simple: The Parlay roulette betting system is simple to comprehend. You only need to increase your bet when on a winning streak. This makes it suitable for beginners and experienced roulette fans.
- Less Risky: There is less risk in using the Parlay betting system since the bets are relatively small. Keep in mind that players use their winnings to play and not the bankroll.
- Instills Discipline: The Parlay system helps players to be disciplined since they must collect their profit when the win limit is achieved. Also, players must decide when to stop playing so that they can keep their profit intact.
- Flexible: Parlay is one of the most flexible betting systems. It is not limited to even money bet, but it can also be used on outside bets and inside bets on the roulette table.
- Short Termed: The problem with the Parlay betting system is that it is designed for short-term profits. Using this system for a long time puts you at risk of losing your entire bankroll.
- Relies on Winning Streak: The only way you can profit from the Parlay system is when you are on a winning streak. Any losing bet when using the parlay strategy forces you to return to the first step.
- Roulette Table Limits: The Parlay strategy require players to increase their bet amount until they reach the target profit. The problem is that some games have maximum bet limits that may prevent the system from working efficiently.
Is it Legal to Use the Parlay Betting System in Roulette?
It is legal to use the Parlay system when playing roulette games at online and land-based casinos. This strategy can be used when playing across all roulette tables. The advantage is that you can test this system using free roulette games. It is also vital to play roulette at a licensed and regulated casino.
The Bottom Line - Is it Worthy Using the Parlay Roulette System?
There is no doubt about the efficiency of the Parlay betting strategy. This is a reliable system that only requires a few skills or mastering strict rules. If you are lucky to have a winning streak, you can make big profits from this roulette strategy. Nonetheless, this betting strategy does not guarantee wins. It is only designed to maximize your potential profit.
Parlay Strategy FAQs
Can I use the Parlay betting strategy on any roulette game?
The good thing about the Parlay betting strategy is that it is wider than just a specific roulette game. You can employ this system when playing European, French, or American roulette.
Does the Parlay system help to beat the game's house edge?
Unfortunately, there is no betting strategy that can be used to beat the house edge in roulette. It only helps players to maximize their chances of winning.