Parlay Betting System

The Parlay betting system is considered a progressive betting system which may be used once you play blackjack. The Parlay system is like the Paroli progressive betting system in which it is a positive progression system for which the goal is to increase — or pyramid — your gains.

Consistent with all progressive betting systems, Parlay should be used together with the blackjack basic strategy to embetter your gaming achievement.

 

Parlay – a Positive Blackjack Betting System

A positive betting system is a method in which the gambler awards a win by increasing the bet and lowers the bet following a loss. In the matter of the Parlay system, once a gambler wins she bets her gains in addition to her first bet and carries on to do so on each following profits hand. once she loses she returns to her first bet.

In non-gaming terms, the dictionary’s definition of “parlay” is to “use one’s money, talent, or other assets to achieve a desired objective, such as spectacular wealth or success.” In gaming terminology to parlay is to wager the initial amount and its profits on a following round or hand. So the Parlay is a clear name for this system.

The Parlay is also named the “Let it Ride” system because once you win you keep your profits on the table and let them ride to the next round. A particular kind of parlay system is also used in horseracing. It is also built on a simillar thought which banks use once they collect interest, placing interest on the balance for a quarter and then placing interest on which sum in addition to the interest the following quarter and so on.

 

Parlay Blackjack Betting in Action

To improve your understanding of how the Parlay betting system works, we will apply actual numbers. The model blackjack gambler is wagering at a table offering a minimum real money bet of $20 and she is a conventional gambler so her primary blackjack bet is $20. If she hits a blackjack — she is given 3:2, which translates into $30 on her $20 bet and she gets her original bet given back to her. because she is using the Parlay system, which instructs her to use her profit ($30) plus her original bet ($10) as a bet on the next hand, she makes the $50 bet on her next hand.

If she persists to win at blackjack, the gambler stays with the same pattern of betting. If she loses, she returns to her first bet. It is also a great idea once using the Parlay — or any progressive betting system, for which matter — for the gambler to set a maximum bet in her head prior to beginning to play. The negative side of the Parlay blackjack betting system is which even a nice profit streak may end and a large bet may be lost lest the gambler decides to quit while she is ahead at some predetermined point.

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