Parlay Betting System Guide

Guide to the parlay betting system
Guide to the parlay betting system

The Parlay betting system is one of the main online casino wagering methods. As we all know that gamblers are always searching for ways to make real money as much as they spend real money. that is what makes the world of online casino be so fascinating.

This is because, in the world, there is literally more than one way to skin a cat. In this case, it would be more than one way to win real money when you play the games.

That is why we have betting systems like Parlay Betting System. If it’s your first time hearing this, have no fear, Casino Hype will tell you all about it. We will give you the advantages and the disadvantages of using the Parlay System in your real money pursuits.

History of the Parlay Betting System

History traces the Parlay System back to the 16th century. From there it links this betting system to a card game that was popular among the aristocrats called basset. This game is played against the banker, with the wins of player always on the table. The wins on the table would be doubled with each wager that the player set. When you palay, you wager your winnings plus your original bet. Sounds like the perfect gamble.  

What is the Parlay Betting System?

The Parlay betting System is a progressive betting system. This system works by increasing your bet each time that you win. Player will do this by betting your winnings as as the original bet unit. What this system aims to do is to build a pyramid of the players wins. Despite the fact that this system is usually used by those who partake in sports betting, real money casino players can also use it on their favourite games.

The Science Behind the System

What the Parlay System aims to do for players is to increase their wins.this is will do by guiding the player on how to bet. When a player sues this system, they will only bet money from their wins in order to minimize their losses. Therefore when a player places a bet and they win, they will increase their bet.  They will however only lower their bets when they lose. To add on to this, when a player gets back their original bet money, then they use the house money for the bets that are to follow.

With this system, players will win big by using money that isn’t theirs. As they will be using the house money that they would have won.

The difference between the Parlay system and other betting techniques is that players are free to lace any bet that they like. This is as the player is not required to stick to bets with even money when they use this system. Players are free to use any bet that they want as long as they keep betting their winnings and original bet.

How to use the Parlay Betting System

In order to use the Parlay System, players need to follow a few simple rules. Firstly, they need to pick a starting bet and then place that bet. Secondly, if they win, they should bet on their winson on top of the original bet.

In the world of gambling, when a player bets on their winnings and the orignal wins, it is called a parlay. Thirdly, if you lose your bet, you go back to placing your original bet until you have wins to parlay with.

Allow us to elaborate further on how to use the system. Take for instance when playing a game of blackjack. You place a bet of $10 and you win $15, based on th 3:2 win in game. The next bet would be $10 + $15 that you would have won . However, if you lose, you go back to the original bet of $10.

Games that the System can be used on

In order to actually get the gist of the parlay betting system, a player would have to use it on a game. In that regard, casino games that the system can be used on include blackjack and other table games and while sports betting.

Should I use use this system?

Each and every casino betting system comes with its advantages and disadvantages. That is why we will also look into the good and the bad of the parlay betting system.

Advantages of the System

  1. One of the advantages that this system has over others is that your bets remain small. This is as you will be betting with the money that you would have at the casino.
  2. Another great thing about using the Parlay betting system is that you are not at a loss. This is as the system requires you to only bet with the money that you would have won. Meaning that you can easily conserve your bankroll.
  3. When using the Parlay System, players do less thinking and more playing. This is as the system clearly outlines the rules and regulations. Players need not wonder how much they should begin with as they will only betting with their profits.
  4. Lastly, the system is flexible. That is to players can decide on the amount that they want to bet one. Unlike other systems, the parlay is not limited to even money bets. Therefore players have that freedom of selecting their bet size depending on their bankroll.

Disadvantages of the system

  1. One of the fallbacks that comes with using the Parlay System is that players are not guaranteed of any wins, that meaning to say that players will keep on placing bets with the guarantee that they will win anything.
  2. The system requires the player to be very disciplined. This is it can be used on basically any game. That meaning to say a player can end betting on high odds. Furthermore, it is a lot harder to profit with this system if you make 2 or 3 wagers in a row on bets with high odds. This is as the best are less likely to have a winning outcome.