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 collecting of winnings occurs at sequence 7, giving us a boost to our profit to +$60. This was due to 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 happens 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. On 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.