Section 1.

96. The Labouchere system:
This is a Money management betting systems cum gambling systems.
This Negative progression system, also called the 'Cancellation System'.
This system is also called the 'Cancellation' system. There are many
variations. In its simplest form, you write down a series or a set of
numbers; say, 1 2 3 4 5 6. The series can be short or long and not
necessarily sequential such as 1 1 1 3 3 5 7. The choice of a particular
series depends on the type of game you want to apply it to and the odds of
the bet.
Each number represents the amount in units or bet unit to bet. You bet the
first and last of these numbers. In this example 1 and 6, which totals 7
units.
If you win, you cross out the two numbers and bet the next two 'ends' (the
outside numbers). In this instance 2 and 5. If you win again you bet on the
next two remaining numbers 3 and 4, and if you win that too, you would
have made a 'coup' or completed one game. Then you start all over again.
If you lose, then you add that one number to the end of the series. Say you
lost your first bet of 7 units (1+ 6). Then you add number 7 to the end of
the series to look like this: 1 2 3 4 5 6 7 and your next bet would be 8 units
(1+ 7). If you won the first bet but lost the second 2 and 5, then the series
of numbers would look like this: 2 3 4 5 7.
If you work it out, you will see that when the series is completed or when
you make a 'coup', there is always a profit. The negative side of this system
is that you could end up betting large sums of money even if your initial bet
is small.
Raymond Lai, http://www.101roulettewinningtips.com
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