The parlay betting system in Blackjack is perhaps one of the least complicated strategies, but it is definitely one of the more extreme. The reason why many consider the parlay betting system so extreme is because at the core of the system, you are basically doubling your bets after each win, not loss.
Many beginners tend to look at this as counterproductive, because you are taking your winnings and never getting to enjoy them without putting them at risk each hand. While it is true that it is very hard to keep your profits, you simply have to know when to call it quits in order to capitalize on the system. This doubling after each win is part of the reason that the parlay betting system in Blackjack also does by the name, let-it-ride.
So to fully understand how the parlay betting system works, you only need to remember that you are going to leave the winnings and initial bet on the table for the next bet. So if you are betting $10 on a hand and you win, you leave the initial bet and the winnings, $20, for the next bet. This continues until you lose.
Now most beginning Blackjack players will simply say that eventually you are going to lose a hand, so if you just keep doubling the bets, you are going to be back to square one eventually. While that may appear to be the case, you have to incorporate one other factor into the game in order to be successful with the parlay betting system in Blackjack.
The key to this betting system is winning betting limits. You should have both winning and losing limits in place, and we will discuss both to show you why. If you had a $200 bankroll and no losing limit, you could basically keep playing until you decimate your entire bankroll. Setting a losing limit of 25% of your bankroll means that if you started with $200, you have to quit for the day once you lose $50. Not only is this a sound system, it ensures you will be back tomorrow and can not go broke with one cold streak.
On the other hand, a winning limit is where you are going to see most of the benefit. So let us assume that you set a winning limit of 50% of your bankroll, and you are starting with that same $200. Once you win $100 you have to take the winnings off the table, call it a day, and go enjoy some of that cash instead of running into a cold streak and giving it back.
With the parlay betting system in Blackjack, you could easily hit that goal in four hands. So for example, you are betting $10 per hand, it’s pretty doable you could reach that goal with one tiny winning streak. Here’s how that sequence will play out when doubling bets:
The initial $10 bet is a win = $10 profit
The next bet, $20, is a win = $30 profit
The next bet, $40, is a win = $70 profit
The next bet, $80 is a win = $150 profit
See that, you only need win four bets in a row without a loss for the parlay betting system in Blackjack to reach your winning limit of $100.
