Hello friends. I have come across a version of the Paroli strategy that seemed to work quite well and wish to share with all of you.
I am a big supporter of the Paroli strategy. I realize how difficult at times it is to get 8, 9 or 10 consecutive decisions in a row. Tell me what you think of this version and feel free to try it, elaborate on it, or adapt it.
Ok, we play this strategy like any of the even bets, follow the last bet. The probability of winning two bets in a row on even-money wagers is less than one in four. For this reason, one of the better ways to use the paroli is to combine it with a series of bets where the amount wagered is increased following a loss. For example, the following parloli progression could be used: 2 2 3 4 6 8 12 16. To use this series, you would normally start with the first wager in the series. If this bet won, you would next wager $4. If either the original wager or the next bet is lost you would move up one level in the betting series. Any time you win two in a row, you will start the betting series over at the beginning . If the series is lost, you may either start the series over or leave the table.
What are you thoughts?
If I have a big enough bankroll, I take the series above and mulitply it by 5 or 10 and then play it that way.
So the series would be 10 10 15 20 30 40 60 80
or 20 20 30 40 60 80 120 160
A recurring thought that I have related to parole comes when I see the
statement that basically the chance of hitting two wins in a row is 1 out of 4.
Somehow that seems significant to me. Significant enough to use in real play.
So for example, you are basically looking, say, for a single win. And you have
something that looks like a "win", on whatever basis you picked it. And now
you are saying that you have a 1 out of 4 chance of hitting that again.
Doesn't that mean that you have a 3 out of 4 chance of hitting the reverse of
whatever metric you are using for the parole?
It's not a conclusive thought, but I feel like it should be.