Alright, let’s cut through the noise and get to the meat of the Labouchere system. I’ve been grinding this method for months on sports bets, mostly football and basketball, and I’m dropping hard numbers to show what’s what. No fluff, just results and a clear breakdown.
The Labouchere, for those who don’t know, is a progression betting system. You start with a number sequence, like 1-2-3-4, where each number is your bet in units. Bet the sum of the first and last numbers (1+4=5 units). Win? Cross those numbers off and bet the next pair. Lose? Add the loss to the end of the sequence and keep going. The goal is to clear the sequence for a profit equal to the sum of the original numbers (10 units in this case). Sounds neat, but it’s not a magic bullet.
I tracked 200 bets over three months, mostly on NBA and Premier League games, sticking to moneyline and over/under markets with odds between 1.80 and 2.00. Starting sequence was 1-2-3-4, and my unit was $10. Total bankroll was $1000 to keep things manageable. Here’s the raw data:
Key lessons:
The Labouchere, for those who don’t know, is a progression betting system. You start with a number sequence, like 1-2-3-4, where each number is your bet in units. Bet the sum of the first and last numbers (1+4=5 units). Win? Cross those numbers off and bet the next pair. Lose? Add the loss to the end of the sequence and keep going. The goal is to clear the sequence for a profit equal to the sum of the original numbers (10 units in this case). Sounds neat, but it’s not a magic bullet.
I tracked 200 bets over three months, mostly on NBA and Premier League games, sticking to moneyline and over/under markets with odds between 1.80 and 2.00. Starting sequence was 1-2-3-4, and my unit was $10. Total bankroll was $1000 to keep things manageable. Here’s the raw data:
- Total bets: 200
- Wins: 108 (54%)
- Losses: 92 (46%)
- Completed sequences: 32
- Abandoned sequences: 8 (when the sequence got too long or bankroll risk was too high)
- Net profit: $245
- ROI: 24.5% on initial bankroll
- Longest sequence: 12 bets (after a brutal losing streak)
- Max drawdown: $180 during a rough patch in week 6
Key lessons:
- Stick to short sequences. Longer ones sound tempting for bigger profits, but they’re a trap when losses stack up.
- Odds matter. Anything below 1.80 makes the grind too slow; above 2.00, and variance can gut you.
- Bankroll management is non-negotiable. I kept my max bet at 10% of my bankroll, no exceptions.
- Know when to cut and run. If your sequence looks like a phone number, reset and start over.