Paroli is a positive progression baccarat betting strategy. When you play using the Paroli strategy, you set an initial bet amount. You keep your bet the same after each loss, but when you win, you double your bet. Some Paroli players choose to double bets only after a certain number of wins (say, 3-5), but others double immediately after each win. Here’s a step-by-step breakdown of the Paroli:

You continue this pattern for as long as you wish to play. Here’s how this baccarat strategy works in practice:

The Paroli system offers a relatively low risk of big losses. However, its shortcoming is that wins are somewhat small unless you find yourself on a hot streak. As a result, it’s a good baccarat betting system for newcomers or risk-averse players.

This negative progression system is based on the famous Fibonacci sequence from mathematics. The Fibonacci sequence adds each of the two previous numbers to get the next one in the pattern. In betting, it starts with ones and carries on like so: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89…and can continue forever.

It helps to think of your initial bet as a “unit” when using the Fibonacci baccarat betting strategy. For example, a $5 bet could be considered a unit. When you apply this strategy, you move up to the next number in the sequence after each loss. When you win, however, you move back two numbers. It sounds complex but it’s easier to understand in practice:

Here’s another example, this one using $1 as a unit. For the sake of this example, assume you’ve lost five hands already, and you are now betting $8.

Fibonacci can be one of the most fun baccarat gambling strategies because you are consistently changing your bet based on the outcome. After a win, you pull back a bit and place a more cautious bet, moving back up the sequence to recoup any losses. It’s a negative progression baccarat strategy, though, so it’s more suited to players willing to take risks. If you have limited funds, it may be best to look for alternatives such as Paroli to make your money last.

Labouchere is a popular negative progression bacarrat strategy. It’s one of the more complex strategies available, so we recommend it primarily for experienced players.

Labouchere has some similarities to the Martingale strategy in baccarat. Players use it to make up for losses. Rather than aiming for a single big win to offset any lost bets, however, Labouchere is geared toward a number of small wins. It’s intended to incrementally recoup losses over time instead of with one big win.

You start by writing down a sequence of numbers. This can be any sequence, but you will add these digits together, so limit yourself to the higher end of what you’re willing to bet. Your first bet should be the sum of the first and last numbers in the sequence. If you win on that bet, cross out those two numbers, then place another bet. This time your bet should equal the sum of the first and last remaining digits. If you lose your bet, you add another number to the end of the list. If you end up cycling through all your numbers, you write another sequence and start over. Here’s how Labouchere works:

In practice, a Labouchere progression strategy looks like this:

Labouchere is complex and has near-infinite permutations depending on the sequence you want to use. Due to its high-risk, high-reward focus, we recommend it for experienced players or high rollers. New players may find it difficult to keep up, but Labouchere is a great baccarat betting strategy to work toward.

The flat betting baccarat strategy is separate from positive and negative progression systems. Rather than increasing or decreasing your bet based on wins and losses, you simply bet the same amount on every hand. It’s very simple in practice:

As you can see in the table below, flat betting doesn’t change based on the outcome of any given hand:

Flat betting in baccarat is simple and effective. It won’t recoup losses with big wins, but it’s also less risky than some of the other betting strategies outlined above. Because of this, we recommend it for beginners, especially if you’re still learning how to play baccarat.