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The name of this system says it all. It is similar to the
Paroli system. It is based on the premise that you can win
four times in a row.
Your initial bet is 1 unit, the second 3 units, the third
2 units and the fourth 6 units. Let's assume that each unit
is $10 and the odds are 1:1 - even money.
The first bet is $10. When winning, $10 is added to the $20
on the table making the second bet $30. When winning again
on the second bet, there would be $60 on the table. Of this
you take down $40 and the third bet is now $20. If the third
bet wins, you will have $40 on the table to which you add
$20 making a total of $60 for the fourth bet.
If the fourth bet wins, there would be a total of $120, of
which $100 is net profit. Now all the bet with the profit
is taken down and you start the system all over again at $10.
If you lose the first bet, your loss is $10. The second level
loss is $20. At the third level, a loss will give you a net
profit of $20. At the fourth level, a loss leaves you breaking
even. Each time you lose, you start all over again at $10.
The attraction of this system is that you risk $20 at a chance
of making $100 net profit. This means you can lose five times,
and with one win get your money back.
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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.
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