Punters use betting systems to gain an edge in certain games or betting situations. Not all betting systems work, and certain systems work in certain situations only. With that, we’re going to look at using the Labouchere betting system in online roulette. Roulette has been around for over three centuries and the Labouchere betting system for more than two centuries. Online roulette gives punters access to various games, features, and many more on offer each day. With easy access also comes information that punters need to use to become proficient bettors.
What Is The Labouchere Betting System?
The Labouchere system is a type of betting system. In this betting system, a punter predetermines how much they’re going to bet/win and sets an objective for a goal. As a punter gets closer to the set goal, they strike out the numbers on the list that’s wagered. If a punter loses a bet, then instead of striking out a number, the amount lost is added to the list’s end. We know that this system is a little hard to understand at first. It may also take a few attempts before you learn to master it profitably. This strategy puts off many novice punters because they may not understand it or have information to better understand it.
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Understanding The Labouchere Betting system
The best way to understand how the Labouchere betting system works is by looking at using it through an example:
The Initial Wager
Let’s say a punter has $1000 to wager. The number doesn’t need to be $1000 and could be lesser. However, it’s always easier to calculate using units of 0 (such as 10, 100, 1000, 10000, etc.)
A List Of Numbers
The punter would need to break it down into smaller amounts on a list. The punter could list the initial $1000 wager as $100, $100, $100, $200,$200, $200, $100. The list doesn’t matter, and a punter could try experimenting with different amounts and orders.
The punter places a wager for $200 on the first bet ($100+$100) or the first and last numbers from the list. If he wins, he strikes the first and last numbers off the list.
Determine The Next Wager
The next sequence of the same wager is now $100, $100, $200, $200, $200. The punter needs to add the last and first number of the sequence to determine how much to bet. So that would be $200+$100 or $300.
In The Case Of Losses
Hypothetically, let’s say the punter loses this wager of $300. Then, the losses need to be added back to the end of the wager list. So his new sequence is $100, $100, $200, $200, $200, $100, $200. The amount is added back because the punter needs to win this amount back and becomes part of the goal.
In The End
A punter then places the next wager of $100+$200 (first+last). If the punter wins the next bet, then these numbers are crossed out from the list, and the new list is $100, $200, $200, $200, $100. This goes on until a punter wins by striking out each number on the list or loses by running out of their betting bankroll.
Features of Labouchere Betting in Roulette
Some of the features of the Labouchere betting system punters should be aware of while playing online roulette include:
- When a bet is won, two numbers are crossed out from either end of the list – the first and last number. However, when a bet is lost, the amount/amounts lost are added to the end of the list.
- Normally, a punter loses as many bets as he wins, on average in the long-run. By following the Labouchere betting system, a punter can profit by following a list or system if they lose as much as they win.
- A losing streak can add up losses quickly. Because this system relies on making up your losses on following bets (or trying), consecutive losses can eat into your entire bankroll before you have a chance to win a single round.
- The Labouchere betting strategy doesn’t guarantee a punter will win more. However, this strategy is good to adopt for a punter to learn to stick to a system. This system also helps punters exercise their brains while making a wager as other betting systems may become routine and boring at some point.