There are currently many roulette systems which are endorsed by lots of people. These systems are used to create a chance of winning huge amounts of money or to moderate the house edge enjoyed by the casino. Roulette Paroli system is one of such systems. This system provides a player with a chance to win a respectable amount of money without risking too much of his bankroll. Lots of players endorsing Paroli system have suggested that unlike Martingale System the former is much less frustrating and keeps up the positive attitude of a player even during an unfortunate outcome of a loss.
Roulette Paroli System
This system can be best described as a progressive positive betting. Even its name “Paroli” is derived from the Latin word “Par” which literally means equal. If we want to describe Paroli system in simplest term than it includes doubling the wager after each consecutive wins till three wins are achieved. This roulette system came into existence during the sixteenth century and it was first used to achieve favorable results in an Italian card game known as “Basset”. Today this system is in use to manipulate casino games such as craps, Sic Bo, Pai Gow and even Blackjack.
How does Roulette Paroli System Works?
The main objective of this system is to attain three consecutive wins one after another, while doubling the wager with each successful win. A player starts the game by betting a single unit on one of the outside such as colors, even/odd or 1 to 18 or 19 to 36. For example if a player is playing roulette then he starts betting on black with a single unit of money. If the initial wager loses then he again makes the same bet. The player is required to continue this type of betting called “Flat Betting” till a win is achieved. Then after the win the next bet will be in the form of two units. If this wager loses, the player is back to square one and starts flat betting of one unit. On the other hand if there is a win, then instead of two units, the player will wager with four units into the final bet. This type of wagering can give a player a profit of seven units or a limited loss of only one unit.
We have taken a progression of three bets in a row as an example. If you want to have more progressions than this number then you must decide on this before starting in the game. Always keep in mind that while opting for more progressions seems quite attractive, risk also increases with number of progressions.
The Pro and Cons of Roulette Paroli System
The whole logic supporting this system depends upon the theory that wins and losses come in streaks. So a player can maximize his returns by betting heavily during the winning streak and control losses by betting less in losing streak. This system further ensures that a player does not risk more than one wager from his own bankroll. The negative aspect of this system can be attributed to the fact that accumulation of one unit in multiple losses can go beyond the seven unit win theory propagated under this system.
The blackjack MIT team was a group formed by students from the world’s top universities such as Massachusetts Institute of Technology, Harvard University and Harvard Business School. This group specialized in creating and implementing card counting or card reading techniques. The team then used these techniques to take advantage in the game of blackjack at the casinos throughout the world. MIT team and its successors dominated the gambling scenario from 1979 till the start of 2000.
Even today there are many societies and groups which are following the trend set up by the MIT team. The most important and foremost aim of these groups is to find ways to beat the undue advantage shared by the casinos all over the world.
First Blackjack MIT Team
In the late winter of 1979, J.P. Massar, who at that time was providing the blackjack course, was contacted by a professional gambler to create a group of card counting students. The main objective behind the conception of this team was to take advantage of the new law passed by New Jersey Casino Control Commission which prohibited the casinos under its jurisdiction to ban card counters. Under this new ruling, casinos were allowed only to ban card counters individually.
In the due course of time, a group comprising of four card readers, a professional player and a financier formed the original team. This team then selected Atlantic City as their operating area and started recruiting more students from Massachusetts Institute of Technology to execute their operations. This team worked on the casinos of the Atlantic City for a year and was able to create a fourfold increase in their basic bankroll.
Post 90s Blackjack MIT Team
By the start of 90s, this team became unbeatable with more members included into the original team. The members of this team became regular visitors at Las Vegas casinos. It is also stated that this team was so successful that they mopped more than $400,000 in just one weekend. The team used card counting in order to predict the outcome of the game. The players were trained to read cards and to memorize those cards which have been dealt along with the ones which remained in the shoe. They used their memory to work out how many high cards could be dealt in their favour thus increasing the chances of their win.
The Modus Operandi
This team visited Las Vegas casinos on every weekend. After selecting a particular casino, a card counter was deployed to sit on the blackjack table to count the cards. Once he or she was assured that the high cards are to be dealt by the dealer, a signal was given to the other players of the team to join in the game. The other players acted as high rollers and wagered with big amount of monies. These big bettors kept on wagering till the card counter signalled them to get out of the game.
End of Good Times
The Blackjack MIT team successfully used their techniques to win millions of dollars from the casinos for a period of time. It was a matter of time that the casinos became suspicious of their activities. Investigation agencies also got involved in this case and they started tracking the MIT kids. Soon their modus operandi was out in the open and the members of the team got blacklisted from the casinos.
What can be more entertaining and thrilling then taking risks in your favorite game? Probably nothing, but overindulgence in anything can be dangerous for health and the financial status of a person. Gambling can be a fun factor in your life, but sometimes it turns into a problem when over obsession and greed to win more overtakes the fun part associated with such games. Apart from players, the stakeholders in the gambling industry are also responsible for offering a safe gaming environment and protection of their clients from negative impacts of online gaming.
In general instances, majority of the players participate in their favourite gambling options for recreational purposes, but in some cases players tend to get overboard and opt for these games to generate income. In the case of normal players, they play with a bankroll which they can afford but the persons suffering from obsessive gambling it becomes very difficult to draw a line with regards to their finances.
The other major concern which relates to responsible gambling is prevention of underage gambling. It is the duty of the online casino operators to make sure that only people with legal age must be allowed to participate in gambling. It is also the duty of the casino to ensure that all the laws protecting the minors from gambling should be followed as per the jurisdiction of the area where they are operating.
In order to comply by these rules and regulations, casinos should follow a transparent registration process for all players and complete verification should be done before allowing any of the players to access the gaming portal.
Along with the online gaming operators, it is also the duty of the parents and guardians of minors to make sure that their wards do not have unbridled usage of internet and access of gaming sites. Parents are advised to take appropriate steps such as blocking access of gambling sites by using different apps available in the market along with strict vigilance.
Recommendations for Responsible Gambling
Even though the stakeholders in gaming industry are responsible for providing ethical gaming activities to their clients, but it is also the duty of the players to adhere to responsible gambling. It should be kept in mind that gambling like any other entertainment activity is a way to have a relaxing time rather than creating stress in your life. The following recommendations are provided to help the gamblers/players for responsible gambling.
- Gambling activity is for fun and entertainment purpose only; never confuse it with a way to earn money for your day to day activities.
- Online gaming should never be considered as an easy way to create a fortune.
- Never overstep your bankroll limits. In order to be safe, always create limits and avoid losing too much money which can have straight affect on your personal life.
- Never gamble with money kept for family projects or provisions.
- Always opt for website mechanisms which allow the players to set a limit on money to be wagered in a particular period of time.
- Always keep a full account of your wins and losses.
- Study and learn bankroll management before participating in gambling activities.