What is the Parlay Betting Method? (Rules & Strategy)

Find out how to use the Parlay Betting Method in our full guide...

In the business world they say you have to speculate to accumulate and the same is often true in the blackjack world.

However, because of the nature of the game, you generally have to risk a lot of money if you want a healthy return at the blackjack table.

The Parlay Betting Method in Blackjack

Indeed, unlike a game such as roulette where there are a number of high return propositions on offer, blackjack generally rewards players at a rate of 1:1 (even money) for a win and 3:2 if they hit blackjack.

While these returns are nothing to sniff at, they certainly won't make you a millionaire if you don't risk a lot of money from the outside.

Obviously, if you have a limited bankroll it's not possible to risk hundreds of dollars on a single hand of blackjack.

Fortunately, however, the parlay blackjack betting system offers a perfect counter to this and allows small stakes players to risk a lot of money without crippling themselves financially.

Parlay Blackjack Betting Explained

In short, this blackjack betting strategy works on the following premise: you have to double your bets each time you win a hand.

To expand on this point, the parlay system is also known as the "let it ride" system because you essentially carry your profit from one hand to the next in order to maximise your winnings.

Essentially, this blackjack strategy gives you the opportunity to turn a small amount of money into a large haul; especially if you can hit a rush of cards.

For example, let's assume you have a starting bankroll of £100 and you make an opening wager of £10.

Using the Parlay blackjack betting system you would go through the following process with your betting:

£10 bet win = £10 total profit
£20 bet win = £30 total profit
£40 bet win = £70 total profit
£80 bet win = £150 profit

As you can see you basically take your profit from each win, add it to your previous stakes in order to determine the size of your next bet. By doing this you give yourself the ability to make more than 10X your opening stake within a few wins.

Parlay Betting Strategy

The key to success with the parlay betting system at the blackjack table is knowing when to quit. Before the start of each session you need to set yourself a profit limit and stick to it regardless of how "lucky" you feel.

One of only ways to ensure you earn a profit with any blackjack betting strategy is to be disciplined and with the parlay method that means having a win limit.

To do this effectively you need to define your opening stake and from this point work out how your bets would scale upwards.

From this point you would find a profit amount you're happy to take and use that as your limit. Thus, in the above example you might be happy with a £70 profit so you'd find yourself sopping and resetting your opening stake after three-hand winning streak.

Assessing the Parlay System

One of the problems with the parlay betting system is that it can often cause you to lose your profits. Indeed, because you aren't able to remove your winnings before you hit your profit limit it can often mean you miss out on smaller gains.

Moreover, because you don't always know when a win streak is going to end it can often make it a scary system for many novices to follow.

However, one of the greatest benefits of this blackjack strategy is that you can make a lot of money without a lot of risk.

From an opening stake of £10 it's possible to make £150 in just four hands which is something few systems can match.

Moreover, even if you go on a win streak but lose before you reach your profit limit, the maximum you'll lose in real terms is your opening wager.

Thus, whether you're a novice or professional blackjack player, the parlay betting system is a great way to make big gains from a small stake.

What is parlay betting?

A parlay betting system dictates that you double your money on each win - taking your winnings to fund the next bet.

Is parlay a good bet?

Like any betting system, parlay betting is not 100% guaranteed to give you results. But it does give you the opportunity to win lots in a short amount of time.

Can you win money with the parlay betting system?

Yes, you can. In fact, you stand to make a hefty return in a short betting session. On the flip side, this is also a risky strategy where you can make big losses.