The parlay wagering system is a progressive betting system that increases your wager with each triumph. You do so by wagering your winnings in addition to your initial wager. This system seeks to create a “pyramid” of winnings. Although it is most commonly used by sports wagering enthusiasts, this system is also utilized by online casino participants while playing their preferred online casino game.
A Brief History of the Parlay Betting System
The parlay wagering system can be traced back to a popular card game played by aristocrats in the 16th century called basset. This game was played against the teller, and the player’s proceeds were left on the table. All winnings at the table were multiplied by two for each subsequent wager. When parlaying, you wager your winnings in addition to your initial wager.
How the Parlay Betting Method Operates
The objective of this system is to progressively increase profits and only wager money from those profits to minimize losses. When you win a wager, you increase your next wager’s wager, and if you lose, you decrease your next wager’s wager. When you receive your original wagering funds back, you may only use the house’s funds for further wagers. It is wonderful to prevent you from losing your own money. Imagine that when you have money in a savings account that accrues interest on a monthly basis, you receive that additional amount of money for free. Similarly, in the parlay wagering system, you can win large sums of money by betting with money that is not yours. As you place a larger wager with a combination of your own funds and house funds, your potential payout can increase. This is achieved by utilizing the casino’s own funds.
When placing a wager using the parlay wagering system, you increase your wager after each victory. This is what deters some individuals from using this system, but you must keep in mind that you are using the winnings, which are house money. Therefore, when you let wagers ride and add a single betting unit on top, it is not as much out of your own purse as it feels. This wagering system does not require that you adhere to even-money wagers, unlike some other betting systems. You can use it on virtually any wager as long as you continue to wager your winnings and initial wager. The Parlay Betting System, along with the Paroli Betting System and the Reverse d’Alembert Betting System, is a positive progressive system.
How to Use the Parlay Betting System
Select an original wagering unit and then put your wager. If you win the wager, you add your winnings to your original wager. In the world of wagering, a parlay occurs when a bettor employs this sequence of wagers: the initial wager plus the winnings. If you lose your wager, simply place your original wager until you have enough winnings to parlay again.
Examples of the use of the Parlay Betting System
If you wish to wager on a stake with odds of even money, you must first select an original wagering unit. In this instance, the most common wager is $10, so we will use this amount as an illustration. However, you can wager any amount that suits your financial limitations and how you want to play.
In a single round of play, you would wager a single unit of $10. If your wager loses, you would wager $10 on your next wager. If you lose again, you would wager an additional $10. If you lose a third time, you would wager another $10. If you win the following wager, you will receive $20. You now re-bet your initial wager of $10, and you let the $20 carry over to the next play, for a total of $30. If you lose this wager, you must wager $10 on the subsequent wager. If you win this wager, you will receive an additional $30, and so on.
If you place a wager with various odds, you will receive distinct numbers and winnings. For instance, if you are playing blackjack and wish to place a wager on a stake that pays 3 to 2, and you choose to wager $10 and win, you would receive $15. The following risk would be $10 plus $15, totaling $25. However, if you lose the next wager, you return to your original wagering unit of $10, and this can continue for as long as you like.
The easiest method to become familiar with this system is to use it in a game. You can choose from the toplist, choose your preferred game, and see how well this strategy works for you. If it’s not for you, there are numerous other wagering systems and strategies available, so have fun!
Comparing the Pros and Cons of the Parlay Betting System
Small wagers result in small losses.
Profit from borrowed funds.
Minimal decision making.
Not Restricted to even-money wagers.
No assurance of consecutive victories.
Probability of wagering too Frequently on wagers with favorable odds.
Utilize the Parlay Betting System at an Online Casino from CasinoTop10 Today!
If you believe that the parlay wagering system is right up your ally, then select one of the online casinos from the toplist on this page. They have been hand-picked by our casino experts to provide you with the very finest online games. Click on the online casino of your choice, sign up, and make your initial deposit using the payment method of your choice. As the parlay wagering system can be used on both odd and even money wagers, you can choose any game you want to play using this system, and then it’s simply a matter of having fun while employing some strategy.