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Does the Paroli (reverse Martingale) system work?

No, but it is the gentler mirror image of Martingale: it only presses its winnings, so a losing streak never costs more than one base bet at a time. It still loses the house edge on every chip.

Over the same simulated sessions, Paroli finished ahead 34.9% of the time and went bust 0.2%; Martingale finished ahead 40.6% of the time and went bust 57.0%. Paroli’s average session lost 111.99 chips, 2.65% of every chip bet.

Run these sessions in the simulatorRoulette odds for every bet

Paroli, Martingale and flat betting on the same sessions

SystemFinished aheadWent bustAverage resultBest sessionLost per chip bet
Paroli (reverse Martingale)34.9%0.2%−111.99+1,2602.65%
Martingale40.6%57.0%−159.57+1,5202.63%
Flat betting31.6%0.0%−64.56+5402.58%

10,000 sessions of up to 250 bets each, with a 1,000-chip bankroll, a 10-chip base bet and a table maximum of 1,000. Seed “cgs”: the link above replays exactly these sessions.

Why

Paroli doubles after a win and goes back to the base bet after a loss or after three wins in a row. Losses stay small and steady, and the occasional run of three wins pays seven times the base bet. That is the opposite shape of Martingale’s results: many small losses and a few nice wins instead of many small wins and a few disasters. The money you bet is still bet at the house edge, so over many sessions it comes out behind just the same.

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