Labouchere's betting System

Labouchere System is one of the varieties of progressive betting bookmakers exactly. variety of permanent profit . What distinguishes him is relatively low required efficiency wagering – it is enough that every third bet will be won to go to zero, and with an efficiency of 34% the player bettor bets with odds of 2.00 will already be on the plus side. Therefore, bets with odds of 2.00 or higher are best suited to play using this system. Labouchere's betting System is also known as the appeal system or the split martingale system and it is system of decreasing progression .

How does the Labouchere system work?

The first step is to establish, what kind of profit we are interested in, then itemize it in the form of any sum of numbers . For example, if we want to win $ 100, we can break it down like this:

• 10 + 15 + 15 + 20 + 40;
• 5 + 5 + 5 + 35 + 15 + 20 + 15;
• 100 + 0 (this is the least safe solution).

Obtained in this way we write the numbers in the form of a string for the first example, we get: 10, 15, 15, 20, 40 – the order of the numbers does not matter , we set them according to our own idea. Now we can get to the game. The first bet is the sum of the first and last numbers of the string so this is going to be 10 + 40 = 50 and our first bet is going to be $50. As usual, two scenarios are possible.:

• The bet is won . In this case, the delete from our string, the first and last number – in the example it is 10 and 40, after which the current string looks like 15, 15, 20, and we bet again on the sum of the first and last number, that is, for $35.
• The bet is lost . At the end of the original we add the amount for which the lost bet was placed, so our sequence will now look like this: 10, 15, 15, 20, 40, 50. Also in this situation, you have to apply the same principle again, so in this example, we add up 10 and 50 and place a bet for $60.

As you can see, whether we win or lose, the next bet is always placed at a rate equal to the sum of the first and last numbers in a given sequence . If the bet is won, the sequence of numbers is shortened, and the player is getting closer to achieving the assumed profit. When all the numbers are deleted from the list, the game will be a success.

On the other hand, each loss makes the sequence of numbers longer and the goal farther away, because we have more and more bets to place.

Labouchere System-pros and cons

Already at the beginning of the article we mentioned that in order for Labouchere's betting system to work, a fairly low efficiency is required – about 34% (if the odds are 2.00 or similar). Although it is a progressive system, bets placed after losing bets increase quite slowly . On the other hand, all betting systems , which operate on the principle of progression, are associated with high risk of bankruptcy and they can fail us if we get a longer series of failures, and our budget is not large enough. It is also important to note that it is recommended that the profit we want to achieve using Labouchere's betting system did not exceed 5% of our capital per game.