Betting System Game Guide
Labouchere Betting System
Also Known as the Cancellation System
The Labouchere betting system is a negative progression system. Labouchere is also known as the cancellation system.
Labourchere Betting System is a Negative Progression System
The Labouchere betting system is a negative progression system. What this means is that when placing bets, bets are increased when a round is lost. A negative progression system can be risky if you are not able to see it through. It is, therefore, very important to know what your bankroll limit is before beginning play and also to ensure that your betting will not exceed the table's limit which the casino has set. It is important to make sure that the total of the two outside numbers will not be greater than the table's betting limit because if it does exceed the limit, you will need to stop the system and could lose a lot of money. This will become clearer as you read on.
The Labouchere Ladder
The Labouchere ladder is also known as the Labouchere chain. The ladder consists of a set of numbers which will represent betting units. You can choose any betting units you like and the chain of numbers can vary in length. The value of the first bet placed is calculated by adding together the sum of the first and last numbers in the ladder (the outside numbers).
Labouchere is Known as the Cancellation System
After the initial bet has been placed, the first and last numbers of the chain are then deleted. This is why Labouchere is also known as the cancellation system. The numbers which have already been used for betting are cancelled out each time they are used. When you can totally cancel out a Labouchere ladder, you will have come out with a profit. If you have been placing losing bets, the unit size of the lost bet is added to the end of chain. This means that the next bet placed will be larger than before.
Choosing the Numbers for the Cancellation System Chain
Once you are experienced in using the cancellation system chain, you can decide how you would like to arrange the numbers. When you are starting out, it is best to keep the stakes fairly low. The following are two useful chains that can be used for the cancellation system: 1,3,4,5 and 1,1,2,2,3. You can, of course, choose any number of units that you wish according to your experience and the size of your bankroll.
As the Labouchere betting system is somewhat complicated and usually requires some practice to get it right, the best thing to do is first practice the system at home with a pen and paper while playing in online casinos using the free online gaming option. This way, you can learn how to use the system without risking real money.
Reverse Labouchere System
There are those that follow the Labourchere betting system in reverse. When doing this, the sequence used will add winnings rather than losses to the list used. When using the Labouchere system in reverse, it is no longer a negative progression system and has changed into a positive progression system.