Parlay Roulette Strategy
Written by Phoebe
Published date · July 14, 2022 | Last Updated · June 7, 2023 | Read Time: 3 mins
Parlay Roulette Strategy
Any roulette player will look for ways to hold an edge over the online casinos. However, do roulette strategies such as the Parlay actually give you a better chance of success? Along with the Martingale and Paroli system, the Parlay is one of the most common roulette strategies used by players. In fact, players also use this strategy when playing other casino games such as Baccarat and Blackjack. The Parlay Betting System originated in the 16thcentury, and it is still a common strategy today, especially amongst more experienced players. In this article, we take you through what the Parlay Roulette Strategy is and how you can use it when playing roulette at an online casino.
How to Play Roulette Using the Parlay Strategy
Like the Martingale strategy, the Parlay is a progressive betting system. However, it works oppositely to the Martingale. Rather than doubling your initial wager until you win, you continue doubling until you lose. Once you have lost, you simply return to your original stake and start again. It is important to point out that this system only works when you bet on the 50/50 outside bets when playing roulette. This means the red/black or odd/even bets, for example. Let us say you place a £20 bet, and you win. On the next turn, you will bet £40. Win again, and your bet is now £80. For your three wins in a row, you would have won a payout of £140 for your original stake of £20. You only stop doubling your stake when you lose or if you have set a win limit you created before you started. Essentially, you are using your original stake, and the profit won on the next bet. Should you lose, you will only have lost your original stake. Win a few times in a row, and you maximise your profits. We suggest setting a win limit, however, as nobody will continuously winforever. So choose a number and make sure you reset back to your original stake whenever you reach it.
Does the Parlay Strategy Work for Roulette?
It works, but like any other roulette strategy or method, it is not a guaranteed way to beat online casinos.Your success still comes down to luck. Each spin is independent of any other, so you have as much chance of winning 3 in a row or losing 3 in a row. You will also have around a 50% chance on each turn so that it can go either way. The idea is to maximise your profits from a winning streak. If you suffer a losing streak, you only lose your base bet each time.Although the parlay roulette strategy does not guarantee results, it follows good logic. The idea is to make the most of favourable luck. But, of course, you could just lose every bet you make while looking for that luck, so remember to play safely.
Is the Parlay System Allowed/Legal in Casinos?
Of course, it is just a betting system, after all. Each new bet is independent of any other. If you want to bet on red 10 times straight, it is legal to do so. Besides, like all others, the Parlay betting strategy is not a sure-fire way to win. In fact, you could just as easily lose, as you would win when using it. You do not receive an edge over the online casino, and you are not cheating in any way. Just using a betting system that may or may not work out for you. At the end of the day, online casinos make money out of roulette. The game’s house edge is stacked in their favour, so the casino will always make money in the long-term. The Parlay does not give players an edge; therefore, the online casinos are fine with it.
If you like experimenting with betting strategies when playing roulette, the Parlay strategy is a good one to test out. Just rememberthat no strategy can ensure you always enjoy a profitable session at the roulette tables. You still need to have some good luck to walk away a winner from any session. However, it does at least give you an organised plan of attack that works well for whenthose winning streaks come your way. Just remember to set a maximum win limit, as you will lose eventually. Set it at a reasonable number of successive wins, such as three or four. Higher than that will drain your bankroll as regularly winning five on thetrot is not going to happen.