The Parlay System is one of the world's oldest and most commonly used Blackjack betting systems. It is a positive progression betting system where players increase their bet every time they land a win. The best way to use the system is to set a limit in your head as to what you want to reach and then reset your goal once you do so. In this guide, we are going to look at how to play blackjack while using the Parlay system. You can also watch the Parlay Betting System video tutorial on YouTube.
The Parlay System is an extremely popular blackjack strategy, perhaps second only to the Martingale System in terms of usage. When using the system, players will place their initial bet; if this wins, they will then follow this up by placing their winnings and initial stake on the bet. Some players might like to use the system in a different way, cashing out their profit after a few sequences and continuing to play in the positive. There are other top blackjack tips that can help you utilise the system to use your budget and playing style. Either way, the system remains widely used due to its simplicity and big potential winnings.
The Parlay blackjack strategy is one of the easiest you can use when playing blackjack online. When you have scored a win, you need to take your winnings and original stake and then place them on the next bet. For example, if you place a £5 bet and you win, then you will place £10 on your next bet. Players should be cautious of the idea of winning streaks; the blackjack odds will always remain in the house’s favour, no matter how many wins you have piled up.
There are, however, a few ways of approaching this. A popular choice is to just use a portion of the winnings, or you can set yourself a target and change your stake. For example, if you win two, you are going to withdraw your original stake from the bet and begin only playing with the winnings.
Bet | Result | Total Profit |
£5 | Win | £5 |
£10 | Win | £15 |
£20 | Win | £40 |
£45 | Lose | 0 |
£5 | Win | £5 |
There are several advantages to using the Parlay System, not least of which is its ability to turn major profits in a short space of time. If you hit several wins in a row, the results can be huge. If you were to start with a £10 bet, for example, and win four bets in a row, you would be £150 in profit.
Another big advantage of this system is that it is very easy to use. You do not need to have any sort of pre-existing blackjack knowledge or need a particular skill like card-counting to use it.
Unlike other systems, the Parlay never requires you to increase your initial stake, which makes it great for budget management. When you lose in a sequence, you return to the original stake and are always just playing with your profit and your stake after your first win.
Like other blackjack strategies, there are also several major downfalls to using the Parlay System. The most obvious of these is that, like other progressive systems, it requires you to win at some point to turn a profit. The pressure of this is amplified even more as the Parlay System actually requires consecutive wins for you to really take advantage of it. This is extremely difficult, and the odds of three consecutive wins taking place are not high.