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Labouchere (aka Labby)
Labouchere is a progressive money management system that allows you to make a profit even if you win less than 50% of your sports bets. If you are completely new to Labby, a good place to get started is here. To see how it works, let’s look at some examples. Let’s assume that you have a total bankroll of $10,000, which makes your first betting block $2,500. If you’re new to establishing betting blocks, see Bankroll Management. Since Labouchere is a progressive betting system, you increase the size of the wagers after a loss. A good starting bet is 2% of your betting block. Thus, if your betting block is $2,500, your first wager is $50 ($2,500 x 0.02). If using flat bets, I would recommend betting 5% of your betting block. Since we use the outside two numbers for wagers, each unit is $25. The first Labouchere line looks like this: Line 1: 25-25-25-25 (Win) You win game 1, so you cross off the two outside numbers (see Line 2 below). The wager for Game 2 remains at $50 (the sum of the two outside numbers).Line 2: x-25-25-x (Loss) You lose Game 2, so you add $50 to the end of Line 2. The wager for Game 3 is now $75 (the sum of the two outside numbers). Line 3: x-25-25-x-50 (Win) You win Game 3, so you cross off the two outside numbers. There is only 1 number left so you start over for Line 4. Final Labouchere line is x-x-25-x-x. The wager for Game 4 is $50 (the sum of the two outside numbers). Line 4: 25-25-25-25 (Loss) You lose Game 4, so you add $50 to the end of Line 4. The wager for Game 5 is now $75 (the sum of the two outside numbers). Line 5: 25-25-25-25-50 (Loss) You lose Game 5, so you add $75 to the end of Line 5. The wager for Game 6 is now $100 (the sum of the two outside numbers). Line 6: 25-25-25-25-50-75 (Win) You win Game 6, so you cross off the two outside numbers. The wager for Game 7 is $75 (the sum of the two outside numbers). Line 7: x-25-25-25-50-x (Loss) You lose Game 7, so you add $75 to the end of Line 7. The wager for Game 8 is now $100 (the sum of the two outside numbers). Line 8: x-25-25-25-50-x-75 (Loss) You lose Game 8, so you add $100 to the end of Line 8. The wager for Game 9 is now $125 (the sum of the two outside numbers). Labouchere Line 9: x-25-25-25-50-x-75-100 (Win) You win Game 9, so you cross off the two outside numbers. The wager for Game 10 is $100 (the sum of the two outside numbers). Line 10: x-x-25-25-50-x-75-x (Win) You win Game 10, so you cross off the two outside numbers. The wager for Game 11 is $75 (the sum of the two outside numbers). Line 11: x-x-x-25-50-x-x-x (Win) You win Game 11, so you cross off the two outside numbers. There are no numbers left so you start over for Line 12. The wager for Game 12 is $50 (the sum of the two outside numbers). Line 12: 25-25-25-25 (Loss) You lose Game 12, so you add $50 to the end of Line 12. The wager for Game 13 is now $75 (the sum of the two outside numbers). Line 13: 25-25-25-25-50 (Loss) You lose Game 13, so you add $75 to the end of Line 13. The wager for Game 14 is now $100 (the sum of the two outside numbers). Line 14: 25-25-25-25-50-75 (Win) You win Game 14, so you cross off the two outside numbers. The wager for Game 15 is $75 (the sum of the two outside numbers). Line 15: x-25-25-25-50-x (Loss) You lose Game 15, so you add $75 to the end of Line 15. The wager for Game 16 is now $100 (the sum of the two outside numbers). Line 16: x-25-25-25-50-x-75 (Loss) You lose Game 16, so you add $100 to the end of Line 16. The wager for Game 17 is now $125 (the sum of the two outside numbers). Line 17: x-25-25-25-50-x-75-100 (Win) You win Game 17, so you cross off the two outside numbers. The wager for Game 18 is $100 (the sum of the two outside numbers). Line 18: x-x-25-25-50-x-75-x (Win) You win Game 18, so you cross off the two outside numbers. The wager for Game 19 is $75 (the sum of the two outside numbers). Line 19: x-x-x-25-50-x-x-x (Loss) You lose Game 19, so you add $75 to the end of Line 19. The wager for Game 20 is now $100 (the sum of the two outside numbers). Line 20: x-x-x-25-50-x-x-x-75 (Win) You win Game 20, so you cross off the two outside numbers. There is only 1 number left. Final line is x-x-x-x-50-x-x-x-x. If there was a line 21, you would start over at 25-25-25-25. Labouchere vs. Flat BetsThe two tables below compare the results of the Labouchere System to Flat Bets. Note that while Flat Bets shows a loss of -4.5%, the Labouchere System shows a profit of +5.5%. This demonstrates the power of the Labouchere System. Table 1: Labouchere System:
For some closing thoughts on the Labouchere Betting System, click here.
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