Winning Parlay Betting System Explained

Congratulations! You have acquired the Winning Parlay Betting System, with which you can have hours of fun, betting with money you won from the casino and only one unit from your own pocket.

We have all heard of the Martingale system, where you double your bet every time you lose until you finally win, in order to make 1 unit profit on any even money bet. This method would work if you had an unlimited bankroll and if the table had no maximum betting limits. But we all know that in reality, this is not the case.

Imagine you start betting with 1 unit and you encounter a streak of 9 consecutive losses. Your bets would be 1, 2, 4, 8, 16, 32, 64, 128, and 256. You would have placed a total of 511 units on the table and still haven’t won yet. Your next bet requires you to wager 512 units, where if you win you will make only 1 unit profit and if you lose, your loss will be a devastating 1023 units.

At this stage you would probably give up, as you either have exhausted your bankroll and/or the table will not allow you to bet 1024 units. It would also be totally unreasonable to risk 2048 units for 1 lousy unit profit. And the chances of winning are slightly less than 50% at every bet. The fact that Red or Black didn’t show up 10 times does not mean that it’s due to show up on the 11th time, because the probability of its showing up on the next bet is exactly the same as the previous bet: about 50%.

We all see some streaks of Reds or Blacks (in Roulette), Pass-Line bets or Don’t Pass-Line bets (in Craps), Player or Banker (Baccarat), where the same outcome repeats sometimes over 2, 3, 4 and even a bit more rarely 7, 8, 9 times. The longest streak of Red showing up consecutively recorded in history was 32 times in a row in a casino in Brazil. Imagine the losses of whoever was using Martingale, even for those who have waited for Black not to come up 10 times before they started betting on it.

I have personally seen Black showing up 16 times in a row. And I see either Black or Red showing up 6, 7 times consecutively much more often. This is very obvious if you observe Roulette scoreboards.

Winning Parlays will take advantage of those occurrences. Martingale seems to be a pretty bad strategy when this happens. It’s also nerve-wracking and dangerous for your blood pressure. We will use exactly the opposite of the Martingale approach. With Martingale, you make a profit of only 1 unit profit at a time with the risk of escalating losses. With Winning Parlays you will risk only 1 unit at a time with escalating winnings. You can apply the concept of reverse strategies every time you see that something is not working too well for you, and for every mediocre strategy, there is usually a reverse one, which will work much better.

This system is appropriate for any even-money betting. Red, Black, Even, Odd, High, Low at Roulette; Pass, Don’t Pass line bets at Craps; or Banker, Player at Baccarat.

Your unit value can be as low as the table minimum or any value you feel comfortable with depending on your budget. A bankroll of 50 units should be sufficient to play and win with this system. You must have guessed already, if you are going to bet only 1 unit and want your winnings to escalate to 2, 4, 8, 16, 32, 64, etc, (the opposite of the losses generated by the Martingale system), you must use some kind of parlay. That means leaving your winnings on the table so they can multiply with repeating wins. The question then becomes how do you decide where to bet and how long do you leave your profits on the table? At what stage do you cash them?

Winning Parlays will make all those decisions for you. Your bets will be automatically placed on the winning even-money decisions. If, for instance, Red happened to be repeating for more than say 4, 5, 6 times (and more), etc., that’s where you will find yourself betting. If you happen to play simultaneously on Red-Black, Even-Odd, and High-Low areas, again your bets will be placed on the repeating ones when you play this system. In this case, you will then need 3 units per bet, of course, one unit for Red or Black, one unit for Even or Odd, and one unit for Low or High. We will see later on how we can deploy this system to multiple areas simultaneously.

Before I fully explain the system, let’s talk first about its concepts. Suppose you come to a Roulette table and you place a $10 chip on Red. If Red comes and you win, say instead of collecting your $20, you leave the $20 on the table and repeat your bet on Red. Say, Red comes up again. Now you have $40 on the table. You re-bet the $40 and Red repeats once more. Now you have $80 on the table. It’s a tough decision, should you remove your $80 worth of chips or leave them on Red? Say, you leave them on the table. Red comes up again. Now you have $160. You tell yourself, enough. You grab your $160 and you don’t bet this time. You see Red comes up again.

You’re a bit upset as you could have gotten $320, instead of $160. On the other hand, you’re happy, since you converted a $10 chip into $160 profiting $150 on this run. What you have done was parlayed your $10 four times before you collected your winnings.

A similar scenario could have been the following. You bet a $10 chip on Red. Red comes, and you leave $20 on the table. Red comes again, you leave $40 on the table. Now Black appears and you lose it all. This was a run of 3 bets before you lost $40, but you have lost only $10 of the money you came to the table with. Still, you’re upset because you could have cashed $40, but you didn’t.

If you observe hundreds of spins, you will see that Red or Black will repeat either twice, or 3 times, or 4, 5, 6, 7, etc. over the long run. Of course, the lower number of repetitions will occur more frequently. That means, Red, for instance, will repeat 3 times much more often than Red repeating say 6 or 7 times. If you decide not to cash your winnings until Red repeats 6 times, it will happen much less often, but when it does you will cash much more money. So, it
becomes a matter of deciding how many times you hope Red will repeat before you grab your winnings. This is a decision you will have to make upfront before you start using the system. If you make up your mind beforehand, you will avoid much emotional turmoil during the session.

Once you understand how the system works I will show you simulations of what would have happened if you had cashed your winnings after having waited for 3,4, 5, 6, and 7 times. Hopefully, that will help you in deciding how many same decisions to repeat to collect your winnings.

We also have another question in mind. What do you bet on? Red or Black? Player or Banker? Pass or Don’t Pass?
As I promised, this will be determined by the system automatically. You will see.

Let’s now come to the essence of the system. The first thing you need to do is to decide on the number of times you will wait in the parlay before you grab your winnings. Once that decision is made, stick to it! Just for the sake of learning the system, let’s say you will wait 4 times. That means you will not cash until you can collect 16 units. (15 units profit and your 1-unit initial bet.)

You now come to the Roulette table and see that the last decision was Black. You will place your 1-unit chip in the same color, Black. If Black repeats you win, but you don’t cash your 2 units, you leave them on the table without adding more chips. If Red comes up, you lose your chip. If you lose your chip, you bet 1 chip on the same color that just came up. Now, if Red comes again, you leave your 2 chips on the table to multiply.

As you can see, you are following the color, which is repeating. If in the above sequence, either Red or Black would repeat more than once, that’s where you would actually find yourself betting. The fifth consecutive time either Red or Black shows up you grab your 16 chips and do not bet until the color changes. Why fifth and not fourth? Because the first appearance is the bet that makes you decide what to bet on, and the subsequent consecutive appearances are the repetitions. You may see Red or Black repeating even more than 5 times, but as your decision was set up front to cash after 4 winnings (or 5 repeats), this is where you stand and you don’t bet your chip until Red turns to Black or vice versa.

A zero or double zero showing up in the middle of the run will, of course, terminate that run, making you lose your chip. You won’t bet until the next color, Red or Black shows up, which will most likely be after the very next spin unless multiple zeros happen to come up one after another. In which case you will bet your chip on the color that shows up after the zero or zeros.

Let us now observe a simulation of 200 spins in Table 1 below, where we set up front to wait for 4 consecutive wins, or 5 repetitions of the same color, before we collect our winnings. Our unit chip value is $10.

Winning Parlay Part 2

Table 1

Winning Parlay Part 3

Let’s look at Table 1 and see how the system works.

We set the number to take your winnings from the table to 4. That means if either Black or Red repeats 5 times, your Winning Streak number will reach 4, where you remove your winnings. Otherwise, you leave them on the table. This term “leaving on the table” refers of course to land casinos. On online casinos, you would just be betting your winnings again on the same color without adding any additional units on top of your initial chip. That means if your color wins, you take your chips and the profit and bet on the same color the amount that you won until you accumulate 16 chips. Then you reduce it back to one chip again, based on the rules of the system.

We’re looking at the above Table 1, and let’s assume that we are playing in a real casino, for now.

You come to the Roulette table, and you see in sequence 1 that the last decision was number 28, Black. So you place one $10 chip on Black as indicated in sequence 2 with “B” under column Bet Black or Red. Number 23 shows up, which is Red and you lose your chip. Your net profit is -$10 as indicated in column Net.

Since you lost your chip, it can’t multiply, so you need to place a new $10 chip on the last color that showed up, which is Red, as indicated by “R” in sequence 3.

Number 36 appears, which is a Red, you win, but you don’t take your chips. That’s why the Cash column shows a -$10 despite the fact that you won that bet. You leave your 2 chips on the table on Red again.

The ball lands on zero in sequence 4, as indicated by “G” (for Green). That interrupts and terminates your winning sequence.
Your two chips are gone and your net profit is at -$20.

Since a zero came, you don’t place any chips on your next bet in sequence 5. You wait until the color is established. Number 1, Red comes up. So you bet 1 chip on Red in sequence 6. Number 26, Black comes up. You lose your chip. Your net is down to -$30.

Since you lost your chip and Black came, you bet 1 chip on Black in sequence 7. Your net is present -$40. Number 31, Black comes up, you win and you leave your two $10 chips on the table.

In sequence 8, Black comes again. You win and you leave your 4 chips on the table Black.

In sequence 9, Black repeats again. You win and you leave your 8 chips on the table. Remember you don’t touch your chips until they become 16. In sequence 10, Red is rolled. You lose your 8 chips that accumulated so far. But you haven’t really lost more than the one $10 chip that started the escalation in sequence 7, you haven’t placed any additional chips since. So, those were 4 sequences in the run, but only 1 chip was lost. It’s painful to see $80 disappearing in front of your eyes, but those are the rules. Patience will pay off.

Let us assume you haven’t broken the rules and that you are willing to go on playing as you determined at the start, you will wait for 4 consecutive wins. Since you lost in sequence 10 and Red showed up, now you place a $10 chip on Red in sequence 11. Your net profit shows -$50. Number 9, Red comes up. You win. You leave your 2 chips on the table.

In sequence 12, Red shows up again. You win. You leave your 4 chips on the table.

In sequence 13, it’s Red again. You win. You leave your 8 chips on the table. In sequence 14, what you’ve been hoping for happens. Red repeats for the 5th time. You have won four times in a row. You have 16 X $10 chips in front of you and you grab them. Your net profit goes from -$50 to +$110. Patience did pay off. It was going to happen sooner or later. It is not unusual for 5 consecutive same-decisions to happen.

In our simulation, Red comes up 8 times in a row between sequences 10 to 17. That is something interesting to note. Since you have set your winning grab time to 4 and you have already grabbed your 16 chips, you don’t place any until Red is replaced by Black. This is where you have mixed feelings again. Red has shown up 8 times. You say to yourself, you could have cashed $1280 on a run of 7 consecutive Reds, instead of $160, but you decided at the outset you were going to take your money after a run of 4 wins. Realize that setting this number to 7 will make you lose all the opportunities of grabbing your winnings at the 4th, 5th, and 6th times, which will occur more often than 8 repeats or 7 consecutive wins.

There is a tradeoff we need to accept: wait longer to win more, but lose a few units in the meantime by the time the 7th winnings happen, or grab your winnings more frequently at smaller profits. Once you see all the upcoming simulations, you will be able to make the decision that’s right for you. If we go on observing Table 1, we grab our $160 at sequence 14 and since we were betting on Red, we don’t bet until Black comes up. And this happens in sequence 18.

So, in sequence 19, we place 1 $10 chip again on Black. This time Black comes up 5 times in a row and we keep betting on Black as long as it doesn’t change to Red. We cash another $160 or 16 X $10 chips in sequence 22.

Black shows up one more time, but we have placed no bets in sequence 23, as Black has not been replaced by Red yet.

In sequence 24, Red is rolled. Therefore we place one chip in Red in sequence 25.

You can follow the rest of the table and observe the way we bet. You always place one chip on the previous color, and one spin after the color changes. If the color repeats, you leave your chips on the table, until you win 4 times in a row. If the color changes, you place a chip on the new color. If a zero comes up, you don’t make a bet, you wait for the next color to come up. Then you place one chip on that color. And so on.

As you can see, whichever color is the repeating one, you end up betting on that one, based on the rules of the system. That way you don’t miss any color, should it repeat more than once.

The peak profit reached in Table 1 was 61 units of $610 and it occurred in sequence 154. Different runs of this simulation will produce different results with different peaks. You should always make sure to quit at a point when you are well ahead. One good strategy is to quit once the profit is reduced to half of your highest total. So in Table 1, since the peak profit was at $610, it’s recommended that you quit while you are still ahead by half of this amount, +$305. In Table 1 that doesn’t happen until sequence 200, but it has a tendency to go in that direction.

Or, another strategy is to quit if you are $100 below that peak, at about $510, which happens at sequence 170.

If you can manage it, you can play this method simultaneously in three different areas: on Black/Red and on Even/Odd, and on High/Low, using the exact same system as above. If you are betting on Even/Odd for instance, then you place one chip on Even if the previous number was Even. If you are betting on High/Low at the same time, you place one chip on Low if the previous number was 18 or lower. Then follow exactly the same pattern as for Red/Black discussed above. When you play in 3 different areas simultaneously, you are of course betting three $10 chips at the start, then you either bet or don’t bet depending on whether Even/Odd or High/Low repeats or not. So you don’t always have 3 chips on the table. It will depend on the various repetition patterns of Red/Black, Even/Odd, and High/Low.

As stated before, this system can be used for Baccarat and Craps. In Baccarat you would place your bet on Player for instance, and if you win you would place your bet plus your winnings on Player until Player wins 4 times in a row. When Banker wins, you would switch to Banker.

Likewise in Craps; you place a bet on the Pass Line for instance. And if you win, you would place your bet plus your winnings on the Pass Line again until Pass repeats 4 times. If Pass doesn’t repeat, you will switch to Don’t Pass and follow the same pattern.

Now, let’s observe some simulations where we follow the same rules, but values for repeat times have been set differently. Table 2 below is set for 3, that is, you collect your winnings when a color is repeated 4 times, meaning you have won 3 times in a row.

Winning Parlay Part 4

Winning Parlet Part 5

As you can see, this time we are cashing our winnings when the color has repeated 4 times, or when we have won 3 consecutive times. In Table 2, the first collection of winnings occurs in sequence 7, giving us a boost to our profit of +$60. This was due to the color Black repeating 4 times. It actually goes on repeating up to 6 times. But we were to stop at 3 winnings according to our initial decision. During those additional times that Black shows up, we don’t place any bets, until Black is replaced by Red in sequence 11. So, in sequence 12, we place our chip on the Red. Red wins once as it repeats. But then Black shows up and we lose our chip. As Red returns in sequence 14, we place our chip on Red in sequence 15. This time it does repeat 4 times and we collect the 8 chips from the table in sequence 17. This brings our overall profit to +$110 from $30. Then we encounter a long losing streak all the way to sequence 59, lowering our net to minus $120 before the next 3 consecutive winnings at sequences
60-62.

Our bankroll becomes as low as -$160 in sequence 84. And it takes another 40 sequences before it goes to the positive side again. Then it goes down again to minus $100 at sequence 135. Then we encounter a few winning streaks, which brings our profits up to a peak of $230 in sequence 181.

Those up-and-down fluctuations are normal in this type of betting, as you are waiting for 3 consecutive winnings before you make a substantial profit of $70. Wait until you witness the simulation for 6 consecutive winnings, the wait time will be much longer and the bankroll required will be much higher, despite the fact that you are betting 1 chip at a time. It becomes similar to a slot machine strategy, where you keep betting one coin until you hit the jackpot. Except that in Roulette, this jackpot is likelier to occur than in slots, as 7, 8, or 9 repeats of the same color happen often enough. Imagine 7 repeats will give you 128 chips with a profit of $1270 ($1280-$10). 8 repeats will give you 256 chips, with a profit of $2560. Say if this occurs within 150 spins, it may be worthwhile to invest $1500 to gain $2560.

In any event, you can see the benefits of multiplying profits with an investment of only 1 chip at a time, the exact opposite
of a Martingale system, where you only win 1 chip by investing 128, 256, or 512 chips if the progression doesn’t end. The other benefit of Winning Parlays is that you can quit anytime you like, without interrupting any progression. At Martingale you feel you need to go on to gain that unit and if you interrupt the progression you are facing unrecoverable losses.

Coming back to Table 2 above, winning 3 times consecutively occurs more frequently than winning 4 times consecutively.
However, the profit is reduced to $80-$10=$70 instead of $150. In Table 1, winning 4 times in a row happened 7 times, where we profited 15 chips every time (winnings amounting to $150 X 7 =$1050). In Table 2, winning 3 times in a row happened 13 times, where we profited 7 chips every time (winnings amounting to $70 X 13 = $910). So you can start to draw some conclusions.

Our next simulation in Table 3 below will show what happens if we wait for 6 repeats or 5 consecutive winnings.

Table 3

Winning Parlay Part 6

Every time we wait for 6 repeats of the same color or 5 consecutive wins, we gather 32 chips from the table profiting $310 ($320-$10). In Table 3 above, this occurs 5 times at sequences 23, 32, 61, 89, 156. We can deduce that this is happening at a frequency of every 40 spins, on average. If we were betting one $10 chip at every spin, we would be losing $400 before we hit a profit of $320. However, with this system, we are betting one $10 chip every run, which can be every 2, 3, or 4 spin depending on the repeat patterns. That’s why we come out profitable every time.

The observation of Table 3 shows that 6 repeats do happen frequently enough and cashing $310 when it happens is rewarding, despite the temptation of cashing it at 16 chips.

Our next simulation in Table 4 below will show events of 7 repeats or 6 consecutive winnings, that can enable us to cash 64-1=63 chips or $630 at $10 a chip (or unit). This requires much more patience and belief that it will eventually happen. It will happen much less frequently and there are no guarantees that it will happen at all within 2 to 3 hours of play. Observations of many scoreboards show that within one day many tables hit 7 repeats. The question is, are you patient and daring enough to wait for this to happen? If a run of seven repeats doesn’t materialize soon enough, how much are you willing to go down before recovering your money?

Table 4