The Labouchere strategy is a betting system that works best for even money bets on Roulette, Blackjack, Baccarat, and other games that payout 1:1, or at least provide even money betting options.
Players who’ve used many strategies with Roulette would find the Labouchere system similar to the Fibonacci strategy, but instead of adding the last 2 betting values together, in Labouchere you’ll add the first and last numbers of your sequence together.
The system could take some time to complete as players need to add more numbers to the sequence in case of a losing hand and, for the system to be successful, players have to complete the entire sequence. Therefore, most players apply multiple sets of 5 numbers, instead of a single long set that takes much longer.
One of the great benefits of the Labouchere system is the fact that it suits just about any table limits, account balances, and winning desires. Players simply adjust the value of the numbers in the sequence to increase the betting value, or use lower numbers to decrease the overall betting value. Many would also include a combination of both, including both low and high numbers for higher bets, but without increasing the value too fast.
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How to Place a Bet According to the Labouchere System
Before placing a bet, find a table that offers the limits and starting bets you desire. Create a series that includes 5 numbers on a notepad, it’s recommended to start with lower numbers to ensure the betting value remains within those limits. For example, 2, 3, 5, 2, 1. Each these numbers represents the number of units you’ll bet, which for the example would be £1.00 per unit.
Choose an even money betting option that you can stick to for the duration of the system. In Roulette, Red/Black, Even/Odd, and First/Last 18 will work for the system. To calculate the first bet, take the first and last numbers and add them together, which in the example above would be 3 units.
If your 3 units bet results in a win, the numbers used to calculate the bet are removed from the series, meaning only 3, 5, 2 remains. However, if the bet losses, the total amount of unit is added to the series and no numbers are removed. Therefore, the series would now consist of another number (2, 3, 5, 2, 1, 3).
For the next bet, you’ll once again add the first and last numbers together, which now includes the loosing bet if the last round lost, making the total bet 5 units on the same even money option. Repeat these steps until no numbers remain on your list.
Danger of Labouchere Strategy
In comparison with many other betting system, the Labouchere system is safer when it comes to betting values that reach huge amounts too fast. Unlike Martingale, the system doesn’t require players to double up, unless you use the same number throughout the series. However, as demonstrated above, if you mix the numbers, the system is rather forgiving, but at the same time doesn’t include the impressive profits of other progressive betting systems.
There are a few things that could cause the system to fail, but it mostly relates to the number of units applied to the series. The first thing to consider is your bankroll as a lower bankroll would stop you from betting the amounts required when the numbers are added together. Using more than 30% of your bankroll in a bet is risky as higher numbers are added in case of a losing hand.
The same risk applies to the table and single betting limits. Before working out the units for the series, ensure the table limits allow the values you’re considering. As with the bankroll, don’t allow any starting combination of your series to reach more than 30% of the limits. For example, if the limit is 100 units, don’t add single numbers higher than 15 units to your series, even at 15 units, you’re at risk of reaching the table limits after a few losing hands.