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This system is a negative
progression system. Commonly called the Cancellation
system, there are several variations for the Labouchere
money management system. Basically, you write down a
string numbers like 1 2 3 4 5 and 6. You can have any
length of numbers - it don't need to be in order. You
adjust your selection of a typical series, depending on
the type of game you are playing and the odds of the
wager. Each
number symbolizes the amount in units that you are
wagering. You bet the 1st and last number. Thinking of
the the example above, this would be the 1 and the 6,
which totals 7 units.
Should you win, remove
the two numbers, then bet the next two outside numbers.
Again, using the same example, the next numbers would be
the 2 and the 5. If you win again, you wager on the next
two numbers - the 3 and the 4. If you win that too, you
have concluded one game.
Now, if you should
lose, you would add that one number to the end of the
string of numbers. Say you lost the first wager of 7
units (1+6), then you add the number 7 to the end of the
string ( 1 2 3 4 5 6 7) - your next wager would
be 8 units (1+7). Now, if you won the first bet but you
lost the second 2 and 5 , then this is what the string
would look like - 2 3 4 5 and 7.
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