The Parlay
system: (Money management betting systems, gambling
systems.)
Positive progression system, similar to the Paroli
System.
This system is similar to the Paroli system and has the
effect of 'pyramiding' your profit. Pyramiding is a parlay
wager whereby the original wager plus its winnings are
played on successive wagers.
It is commonly used in horse racing betting. Basically
you make a bet and if you win you re-invest the winnings
on the next bet. You 'let it ride'.
This method of play is by no means risk free, but it
offers the least amount of risk of all wagers since the
player is only concerned with either a win, place or show
selection or a combination of the three.
It is one of the oldest methods of wagering and was
originally derived from the same premise that banking
systems use to compound interest.
* Positive progression betting systems: You
increase the bet when you win. Kind of 'let-it-ride'.
Require less capital and usually employed to take
advantage of winning streaks. (No sweat, easy ride. My
favorite.)
