If you are a novice gambler you probably haven’t heard the term but professional bettors who earn their livelihood from sports betting use the method all the time taking advantage of the variance in odds from the opinions of the diverse number of bookmakers. Even though it sounds as if it is a no risk situation that may not always be the case and there some issues that can cause you to lose.

Following the philosophy of pyramiding, what happens in this system is that you place a bet and if you come out a winner you re-invest the winnings on the next wager. So in horse racing, for example, you simply let it ride. Also, unlike the other betting systems, the Parlay System offers a lower amount of risk of all bettors for because they only need be concerned with a win, place or show selection or a combination thereof.
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Another important subject I must briefly refer to is "catch-up" staking. If you find that you need to employ this tactic regularly, it means three things: (1) your Selection System sucks, (2) you haven't got a clue about what constitutes a proper Staking Plan, and (3) you have turned your chances of regularly and quickly losing your Base Bank to a 100% certainty!

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