Winning Parlays
Congratulations! You have acquired a winning 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 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 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, 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 for 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 for 10 times before they started betting on it.
I have personally seen Black showing up 16 times in 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 on 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, 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 on 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 you 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, 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 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 up front before you start using the system. If you make up your mind before hand, 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, 7 times. Hopefully that will help you in deciding after how many same decision repeats 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 on the same color, on 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: on
Red. 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 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 or 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.
