The Cancellation Betting System (Labouchere)
There are a lot of betting systems that people use in order to make a profit when they are gambling, one of the most popular ones that people use today is also one of the most complicated systems out there: The cancellation betting system, or the Labouchere system. Want to know who it works? This sportsbetting guide article will explain it to you.
The premise of the cancellation betting system is that you should be able to recover from a series of losses with a smaller amount of wins. To achieve this, you have to increase your betting stakes after losing a bet. This sounds a lot like the Martingale betting system, but the difference between the two is that you aren’t trying to recover all your losses with one big win, instead, you are trying to recover them with multiple wins.
The cancellation system was developed by a roulette player named Henry Labouchere, he designed the system for roulette tables, to give him a better chance of winning his bets. Specifically, the system was invented for games with even money bets and can also be used for casino games like blackjack and baccarat.
To use this system, you have to start by writing a sequence of numbers that you choose. As an example, we are going to use the sequence 1,2,3. With these numbers, the potential profit you can get is equal to their total value, which is 6. Every time you place a bet, your total bet should be the sum of your first and last numbers. Using the previous example, if you are placing a bet, the amount that you bet should be 1+3= 4. If you are able to win your bet, you should remove the first and last numbers of your sequence, and if you don’t win, you should include the amount you bet at the end of the sequence.
Using the previous example again, after winning the $4 bet, you should remove the 1 and 3 from your sequence, which will leave just 2. If you find yourself in a situation where you are left with one number left, that number should be the amount you bet next time you are placing a bet. Once you win and run out of numbers, the sequence is done, which means that you can start over again with a new sequence. If everything went to plan, and you won the first two sequences using the numbers above, you will have a profit of $6.
Now, we take a look at the other side of the coin. Using the same numbers from above, if you don’t win the first bet of $4, you have to add 4 as the last number of your sequence, which will make the sequence 1,2,3,4. This means that your next bet, which is still decided by adding the first number and the last number, will be $5.If your bet wins, then you have to remove the 1 and 4 from the number sequence, which will leave you with 2 and 3. If you add the 2 and 3 together, it means your next bet will be $5 again, and if you win, it means that the sequence is done and can start over again. In the end, you won $10, and lost $4, leaving you with a profit of $6.
You can use larger sequences to test out this system, but the concept remains the same. It doesn’t matter how long the chain is, if you take away all the numbers your profit will still be equal to the total value of your original sequence. Theoretically, this can be achieved if you win a smaller amounts of bets than you lose, since you would have bet higher stakes on your winning bets than your losing bets.
The biggest question about the Labouchere betting strategy people ask is if it works. The honest answer to that question is like in any other betting system, the Labouchere system works quite well when used correctly, but it isn’t going to work 100% of the time, because there are no certainties when it comes to placing bets. The one thing that is certain in gambling is that the longer you play, the more likely you will go on a losing streak. Since you are adding more to your stake every time you lose, a long losing streak might require you to put up a stake that is too much for you to afford. This means you might want to be careful when using the system, and know when to quit, to avoid finding yourself in a financial hole.