The Let it Ride or Parlay Betting System
Sunday, February 28th, 2010Gaming strategy is an old concept. Consistently over the years people have tried to formulate ways of gaining an edge in gambling. Gambling has been around for years and people have spent their entire lives trying to come up with ways of beating the system. Though gambling is random and based on luck and chance, many people believe that math plays a huge role in gambling.
One method is referred to as parlay or the “Let it Ride” betting system. The parlay is a positive progression betting strategy which is similar to the Paroli system. The Parlay betting strategy is one of the oldest forms of wagering and it was originally derived from the same concepts that banks use to compound interest. This system is commonly used in horse race betting. This simple and efficient system covers the flaws of the Martingale system. The basic design follows the concept of pyramiding. That is a method where wagering an original bet plus the original winnings are put down for future bets. To utilize this system properly, you have to start making bets of any size. If you win, you put the original bet and part of the profit back down to bet again. For example, if you are playing at a $5 – $100 limit casino blackjack table. Let’s say that you are feeling lucky and begin with the maximum bet of $100. You are a dealt a blackjack and are paid 3:2 on your money which is a $150 net profit in addition to getting your $100 initial bet back. In the parlay betting system, you are working on a pyramid-based concept so you have $250 to wager with on your future bets. That $250 is made up of your initial $100 bet plus the additional $150 profit from the initial bet.
So if you are wondering if the parlay system should be used during your gaming, remember that overall it is a moderately risky strategy. You also can combine the parlay system can be combined with other strategies to maximize your win.Overall, you should play with various strategies and see which ones work best for your style and choice of gaming. It is important to know how you play and then make the right decision for your gaming skill and style.

