Gambling Betting Strategies – Paroli And 1-3-2-6 Systems

In this article, we will discuss another two famous online gambling strategies: The Paroli and 1-3-2-6 System. Similar to other betting strategies, these two systems are not flawless, but they give players the strategies to play their favorite online casino games.

The Paroli System

The Paroli betting system is also known as the reverse Martingale system as its betting strategy is totally opposite to what the Martingale strategy is. Martingale system requires players to increase the bet amount whenever they hit a losing turn. With the Paroli system, players begin their first bet with one unit, if they win the turn they double the bet amount of previous bet, else if they hit a losing turn, the bet returns to the base bet of 1 unit.

Similar to many other positive progression systems, players have to set set-losses on wins. For example, you may decide to reset the bet amount back to one unit after three or four successive wins. Don’t keep doubling up the bet amount on every win without setting a limit because you may lose all winnings if you hit a losing turn. Moreover, nobody can win on every bet even though he/she has the best luck in his/her life.

The successive of Paroli system relies on hitting winning streaks. The problem is these streaks cannot be predicted by the players and it may be a very short streak, such as 2 or 3 times, and you hit the loss at the fourth turn; or it may continue to hit the winning streaks for more than 10 times, giving you an opportunity to win big. One thing for sure, the Paroli system is not a “sure win thing” in the long run, but it is certainly possible to help you make short-term wins.

The 1-3-2-6 System

The 1-3-2-6 system is a very attractive betting system commonly used on even-money bet at casino’s games like Roulette, Sic Bo, Blackjack and Craps. The name of the system has explained how the betting strategy works. You start an initial bet with one chip and bet one 1-to-1 even-money bet area such as Black/Red, Odd/Even or Hi/Low of Roulette. If first bet win, you bet with 3 chips (one chip from initial bet, one chip from the winning of first bet and one chip added from your account) for second bet. If second bet wins, you will have a total of 6 chips on the table. Keep the 4 chips into your account, leaving 2 chips for the third bet. If you win the third bet, then 2 chips are added to the 4 chips on the table, a total of 6 chips for the fourth bet. If you win, the 1-3-2-6 cycle is completed. Restart the system with one chip on next turn.

The advantage of 1-3-2-6 system increases the winning opportunity while minimizing the risk of losing. If players successfully complete the 1-3-2-6 cycle, they will collect of total of 14 winning chips, else players need to restart the cycle with 1 chip every time they hit a losing turn. The risk of losing is minimized to a maximum of 2 chips at any level. By using 1-3-2-6 system, you have a chance to win 14 units while only risking a maximum of 2 units.

Summary

Paroli and 1-3-2-6 Systems are common two gambling betting strategies used at online casinos. They can’t guarantee players to win on every bet, but giving them some strategies to play the games in a winning way.

Gambling For a Living Requires a Business Plan Or Strategy

One of the paradoxes of life is that at first glance, gambling for a living seems to be a carefree, easy, and unconfining way to make a living. But appearances are seldom what they seem and that is especially true of professional gambling. Successful, profitable gambling is a process and not just luck.

Like any way of making a living, gambling requires hard work. The more successful you want to be in life, the harder you have to work at it. You can work hard without a plan and get some results, though they may be mixed, or you can work hard with a plan or strategy and get better results. The question is, how much of a payoff do you want for that hard work?

If you don’t want to waste time and all that hard work, I suggest you plan your work (learning how to gamble) as well as your gambling. The studying and learning are part of the job, so you have to consider part of pro gambling is education. How you get that education may vary. For some, a gambling mentor or school is the way to go. Other people choose books, videos, and other methods. While you can practice at the race track or casino or sports book, practicing before you study can be very costly.

Successful businesses usually have a business plan, in fact, business experts say that a good business plan is the most important tool for success in business. Since pro gambling is a business (and if you aren’t treating it that way, good luck making a profit and luck is exactly what you will need) it only makes sense to have a real written plan. The first part of that plan should be a list of tools that you want to acquire or have acquired to be a successful gambler. Write down what skills you will need to be a success at your chosen gambling venue.

Obviously knowledge of the game, whether it is racing, sports, or casino gambling, is a good place to start. To be successful at a game or business you have to know it inside and out. Knowing what tools (skills and knowledge) you will need and how to acquire them is a good place to start. Also, writing down some realistic goals is another requirement. If you don’t know what you want or expect, how will you figure out how to get it or even know when you have attained it?

Money management is an absolutely essential skill that you need to develop and practice vigilantly in order to succeed as a gambler. If this is starting to sound like a lot of work and somewhat confining and less free than you thought gambling would be, welcome to the real world of professional gambling.

Everything should be written down in a business plan. It doesn’t have to be real complicated but it should be clear and give good guidelines that you can follow. It is your business plan and you can edit it any time that you want to. I advise you to write your plan including goals, both financial and personal, starting bankroll and where future more money will come from, as well as what tools and skills will be needed. Next, start to budget your time. How much time will be spent each day/week/month on book keeping, learning, gambling? Also, and this is very important, how much time will you spend reviewing your plan or gambling strategy and also, finally, how much time will you spend on other areas of your life such as family and relationship commitments and responsibilities?

Let’s not forget that gambling can be fun, but it also is work, in fact, if you do it for living it can be more work than work, if you know what I mean.

Gambling Bankroll Management – Dealing With the God of Volatility

Every gambler knows in his heart that his world is ruled by the iron gods of probability. That in the infinite spins of the wheel and rolls of the dice everything will be leveled equal. And if you were on the wrong side of the edge, then your doom is as inevitable as fate. Yet, there is a little demi-god in our wild pantheon that most gamblers ignore, that is, standard deviation. This god goes by other names, swing, volatility but perhaps is better known by his disguise, luck. This is the God that brings the chaos to the order that probability is trying to lay down. When he is kind, he is the one who gives the gambler that hot rush of cards at the poker table or the hands to make the dice burn, for that one night where the casino trembles under the weight of being the loser. But more often, he is a jealous god who tramples on those mere mortals whose ambition is too fast and strong.

If you fear this god, you should know that his wrath can be avoided. 😛 Right enough of mad priest speak. Translated, gambling is a volatile activity and your gambling strategy needs to be able accommodate for swings in your bankroll. This is important because, gambling isn’t just about winning strategies. Your gambling strategy needs to also be a survival strategy. It needs to strike that balance between maximizing the chances of winning and minimizing the chances of going bust. Because losing your bankroll is death to the gambler. The solution is printing money. But another good strategy is to employ bankroll management.

A good gambling bankroll management strategy takes into account that you will face swings up and down. At the simplest level, it is just a matter of sizing your betting according you’re your bankroll. For the gambler, his bankroll is his life points. It keeps him in action.

If you have managed to find a gambling strategy where you do have an edge, with a positive expected value. Then the worst thing you can do is kill you chances by not taking into account a bankroll management system. Because even though a strategy may have a positive edge, there will always be volatility both up and down. If you cannot handle the short term down swing then your will never be able to survive into the long-run where your edge will materialize into real profits. Even if your game of choice is a negative expected value game, good bankroll management will ensure that you get the longest possible session out of your bankroll.

How to size your bet size depends on the volatility or standard deviation for the particular game you are playing. But if the math is a bit bothersome, just follow the golden rule, your bet size should be 2% of your session bankroll. This effectively stops any chance of the casino beating you from the first cold streak. So if you have $500, then you should keep your bets at $10. This ensures that you’ll have a long gambling session and hopefully be able to catch the swing in your favor. Lucky gamblers put themselves in a situation where they give themselves the most chances to get lucky!

Good Luck!