Roulette Strategy - The Parley Double Or Nothing Strategy

Many gamblers like to play with doubling strategies as it is a way to earn huge amount when winning or earn back the losses fast. The downside is those doubling strategies may wipe out the gambler's bankroll in a few consecutive losses. Therefore, gamblers who are applying any doubling strategy need to play wisely.

There are many doubling strategies used for betting in Roulette. Among the famous Roulette's "double or nothing" betting strategy is Martingale system, which asks players to double their initial wager on each losing spin. Another "double or nothing" strategy commonly use for Roulette betting is "The Parley Double or Nothing System", which runs contradictory to the Martingale system. Let's explore a bit on how the Parley system works.

How the Parley system works?

Parley system is traditionally applied in an even stakes wager. In the case of Roulette betting, the Parley system can be applied in betting on Red/Black, Hi/Lo and Odd/Even. The strategy requires player to pick a side of even stakes wager to bet on and stick with it. For example, a player picks to bet at RED on Roulette table, he will stick to this betting decision and bets according to the Parley system.

The Parley system betting strategy is simple and straightforward. It requires the player to start the bet with the table minimum, and if the wheel spins and turns out to be a losing turn, the player should re-play their original bet. For example, the player who picks to bet on Red starts with $5, which is the table minimum. Unfortunately, the outcome turns out to be Black, he loses. Since, he plays with the Parley system, so he will need to bet the original bet, which is $5 again to the RED. If he wins, his next betting amount will be $10; on every winning, he wagers $20, $40 and so. If his luck is good, his bankroll will pile up with winnings very fast. But, the system is not foolproof, there are many factors preventing The Parley system works perfectly. The major two factors are:

1. The Roulette Table's Maximum Limit

All casinos place a maximum betting limit on their Roulette tables to protect the house advantage. For a $5 minimum bet's table, casinos place a five hundred dollars maximum wager to break any doubling strategy used by their players and prevent the big losses if they meet fortunate players who play with The Parley system or any other doubling strategies. Therefore, although the players continue to win and double up their bets when they hit consecutive winning turns, eventually they will hit the maximum limit, preventing them to double up their bet amount anymore and stopping the casino to face huge losses when they meet this situation.

2. The Player's Luck

Since Roulette is a game of chance, there is a factor determines only by God, or better known as luck, which the player have no control on it. It makes no roulette strategy works in guarantee mode. This is the risk that causes the danger of the Parley system. You should consider this factor when playing the Parley system in roulette game because all profits or winnings are at serious risk of loss on a single unlucky spin. For example, the player who has won on 5 spins in a row could lose all $80 he won on his initial $5 wager if he loses on the 6th spins. Normally, experienced roulette players will set a "cut off" point, take the winnings after a certain spins and reset the betting amount to the original bet.

Summary

The Parley system can help the fortunate players to make some good winnings quickly, but it can also quickly wipe out a great bank roll of players who are in bad luck. Since Roulette is a game of chance that depends partly on the player's luck, players should accept the odds and play the Parley system wisely by recognizing a good moment to cash in the chips and enjoy the profits.