LABOUCHERE
This system is sometimes called the ‘Cancellation System’ and came to the fore after forming the basis of a roulette system that was apparently used in the mid 60’s to break the bank many times over in Monte Carlo. A chap called Norman Leigh took a team of roulette novices to the South of France in the summer of 1966 and took the casino’s in Nice for a very large amount of money. In two weeks he and his team were banned from every casino in France due to their continued success and you can read all about his exploits and the system itself in an excellent book called ‘Thirteen against the bank’. It used to be quite a rare book and hard to get hold of but I’m pretty sure it was re-printed a few years back and is now freely available on Amazon. For anyone who likes reading about roulette systems or even gambling related stories I thoroughly recommend you get hold of a copy of this book. Or you could borrow mine.
Okay, I digress the staking plan works like this….
You start the Labouchere Staking plan by beginning with any series of numbers, we’ll use 1-2-3-4-5-6, and the idea is to cancel out all these numbers. You do this by staking the 1st and last number added together i.e. 1+6 and if you win you cross out both of these numbers from the sequence, if you lose you add the last bet made to the end of the series of Labouchere numbers. If you are successful in cancelling out the entire Labouchere sequence, you will win exactly 21 units or 1 +2 +3 +4 +5 +6 (=21).
With me so far? Here’s an example…
-Your first bet is 7 units (6+1) and say it loses. You then add the 7 to the end of the sequence to make your new Labouchere chain 1-2-3-4-5-6-7.
-Your next bet is now 8 units (1+7) and this one wins. So you now cross out the first and last numbers and have a sequence which now looks like x-2-3-4-5-6-x.
-Adding the first and last numbers again your next bet will be 8 units (2+6) which is another loser. 8 is added to the end and your chain is now x-2-3-4-5-6-x-8.
-This time you are staking 10 units (2+8) and you have a winner. Cross out those numbers and you are left with x-x-3-4-5-6-x-x.
-Your next bet is 9 units and you win again. The chain becomes x-x-x-4-5-x-x-x and your final bet becomes 9 units (4+5). It wins and you have successfully cancelled out the Labouchere sequence. Time to start again….
Phew! If every bet you make is at evens you will make your 21 points profit but obviously if you are backing horses the prices will vary and this staking plan has the capabilities to make you very rich indeed. Unfortunately, it can also make you very, very poor too.
Benefits: If you were to hit a winning streak the potential for winning is massive
Downfalls: If you were to hit a losing streak the potential for losing is massive
Requirements: A history of lunacy in the family
Probable Outcome of using this plan: Being led away by a bunch of men in white coats
Type of person this system suits (suited): Fools, mad men and lunatics