The Labouchere
system: (Money management betting systems, gambling
systems.)
Negative progression system, also called the
'Cancellation System'.
(See also "The Labouchere System in
Reverse" below)
This system is also called the 'Cancellation' system.
There are many variations. In its simplest form, you write
down a series or a set of numbers; say, 1 2 3 4 5 6. The
series can be short or long and not necessarily sequential
such as 1 1 1 3 3 5 7. The choice of a particular series
depends on the type of game you want to apply it to and
the odds of the bet.
Each number represents the amount in units or chips to
bet. You bet the first and last of these numbers. In this
example 1 and 6, which totals 7 units.
If you win, you cross out the two numbers and bet the
next two 'ends' (the outside numbers). In this instance 2
and 5. If you win again you bet on the next two remaining
numbers 3 and 4, and if you win that too, you would have
made a 'coup' or completed one game. Then you start all
over again.
If you lose, then you add that one number to the end of
the series. Say you lost your first bet of 7 units (1+ 6).
Then you add number 7 to the end of the series to look
like this: 1 2 3 4 5 6 7 and your next bet would be 8
units (1+ 7). If you won the first bet but lost the second
2 and 5, then the series of numbers would look like this:
2 3 4 5 7.
If you work it out, you will see that when the series
is completed or when you make a 'coup', there is always a
profit. The negative side of this system is that you could
end up betting large sums of money even if your initial
bet is small.
The Labouchere System
in Reverse:
Add winnings to the sequence instead of losses. If you
win, add one number (the winning units) to the end of the
series. If you lose, delete two outside numbers. Put an
appropriate target of, say, 20 units profit for 'even
money' bets (less for higher odds), and when reached begin
another sequence. Sequence commencement is 1,2,3,4 so you
risk only 10 units per sequence.
The Labouchere System in Reverse is a positive
progression betting system.
The Winner's Edge System - A variant of the
Labouchere System in Reverse: (Submitted by a visitor)
(Note: The description of the system is
reproduced below the exact way it was submitted, word for
word. The idea behind this system seems to make a lot of
sense. However, the betting procedure and the amounts
involved are not clear. If anyone can help in clarifying
this, it will be greatly appreciated.)
"This is one invited by a Canadian many years ago. It
is like the Cancellation System above with this variation:
When winning, ( add the first and last number in the
sequence ), the first time, and then 3 numbers until you
lose. If you lose, add that to the end of the sequence and
bet only the first (only one) number not crossed off. If
you lose again, go to betting the unit bet, to preserve
capital. I have found one needs about 40 times the first
number in the sequence when starting as a bankroll , with
the initial numbers being about 40-20-20-20 % (i.e. $50.
sequence would be written: $20-10-10-10.)Your bankroll
taken to the table will be $1000.00.This means, I've found
that you only have to win 30% of the time to be
successful! I have used this very successfully in the
casinos, to the point that I was asked to leave the table
several times, as the casinos don't want consistent
winners. It scares them. This system requires nerve,
fearlessness and an appropriate bank roll. When playing
Baccarat, I was winning $4000. an hour , but again, don't
back off pushing the money out, or you will lose. The
system really forces one to bet large when winning and
small when losing, which is exactly the opposite of what
most people do- and what the casino expects. You also need
high enough table limits . It can be used playing
blackjack, baccarat or roulette, but is best for
blackjack. Make sure you get their OK to write the bets
down before you start, and tell them you are not counting
cards."
* Negative progression betting systems: You
increase the bet when you lose. Require more capital and
usually employed to force a winning outcome following a
losing streak. (Nerve-wracking, very painful when you
lose. Avoid these systems if you can.)
