The Labouchere betting system is very easy to understand and even easier to put into play, you will need a pen and a piece of paper and should aim to play it on a casino game such as roulette.
You now need to set yourself a win goal, you will then split this amount into a series of numbers and write this down, allow us to explain that in more detail.
Let's say you wish to win $10 in each cycle of the system, you then write down any series of numbers that add up to ten, this could be 2,3,5 or 1,1,1,1,1,5, the sequence of numbers is up to yourself but the best way is to use smaller numbers.
You now need to sit down and start playing roulette. Your first wager will be the total of both numbers at the start and at the end of your sequence of numbers, so if you have 2,3 and 5 in your list then your first wager will be 7 (2+5).
You then place 7 chips on your chosen even money wager. If this wager wins then you scratch off your list the two numbers and your next bet is 3 chips (the last remaining number of your list).
Labouchere in action
If your initial wager loses, then you need to add the loss to your list, so in effect the list 2,3,5 now becomes 2,3,5,7 and your next wager is, once again, the total of the two end numbers.
In our example this next wager will be 9 chips (2+7) if this wager wins then you knock off the 2 and 7 and your next wager will be 8 chips (3+5).
If that wager loses then the loss must be added onto your list and it will therefore become 2,3,5,7,9.
You keep on either adding losing numbers too your list or removing them accordingly.
Benefits of Labouchere
The idea and logic behind the Labouchere system is that you only need to win half as many wagers as you lose, and in a 50-50 proposition bet then this should be easily achievable.
Once you have completed each cycle of your number sequence you will have made (in our example) a ten unit profit.
Should the list of numbers get too big then experienced system players will then split this sequence down into much small lists of numbers in the hope that eventually everything will balance out and they will end up in profit.