The Parlay betting system has to be the simplest strategy in roulette (or any casino game for that matter). In fact, some would say that it is not even a system, just a short-term whim or betting philosophy. But we beg to differ. Any strategy that involves you planning out your actions before your session and sticking to that plan is a system, pure and simple. And while playing systems will not alter the fundamental odds of playing roulette, they may help you to play methodically and to have a fixed exit plan. And in our book, that is a good thing. Just understand their limitations.
Anyway, back to the Parlay system.
A Parlay bet is a bet that is the same amount as the previous bet (plus the winnings). Many people call this kind of bet "letting it ride". The Parlay System uses Parlay bets of course. And because your bet increases after a win, it's a positive progression system (rather than a negative progression system like The Martingale Roulette System in which you increase your bet amount after a loss, in an attempt to claw back your losses and get into positive territory again). Another Parlay variant involves you skimming some profits along the way in order to build up a positive balance on your bankroll. The Parlay Roulette System is a close cousin to the Paroli system.
What you are trying to do is to identify winning streaks and to accelerate your winnings during "purple patches". So, by definition, it will only work in short bursts. The difficulty lies in knowing when to quit. If you quit while you are ahead, this is a great system, but if you are one of those bettors who is always chasing the next win, this is not the system for you. You need to have a very tight plan from the outset as to when you will quit the sequence. After 2 wins in a row? After 3 wins in a row? It´s your decision- the best advice we can give you, is to set your plan beforehand and stick to it. Absolutely the worst thing to do in the Parlay System is to think on the fly. Don´t do it!
This system is best played on the even money bets like red/black. You can also play it on the 2:1 bets like the dozens, columns etc, but don´t play it on straight up bets unless you have alot of the table covered and your bankroll is fairly hefty. You will quickly hit the table limits anyhow.
How to Play the Parlay System.
Easy! Place your bet. If you win, keep the original bet PLUS your winnings on the same bet. So let´s say you place a $10 bet on red and red comes in. Your next bet would be $20 on red. You "let it ride".
Again, just to emphasize- this system for roulette is easy to understand. The difficult part is knowing when to quit. Make a plan before the session. This is the most important part of the system.