This might help:
6/18/09 - Latest Labourchere Update
One of the drawbacks of the Labourchere or one of the complaints people have always had since I introduced it to Covers.com in 2008 was that it wasn't really practical for baseball when you have favorites or better teams that can be -150+. Additionally, for NBA people who wanted to buy the "3" points on some systems couldn't really use the labourchere effectively laying -170 each time because we were betting to risk.
Problems Solved!
Our number 1 goal when the stats team and I had got together recently was to find a way to use the Labourchere and bet to WIN therefor making it the best money managment method for EVERY sport. I think we succeeded and I'm happy to share the results with everyone.
I'm not going to go into the bitter details of going 5 years back and all that but instead I'm going to focus on how you use it.
First, like our updated research before you will have a line for EACH GAME NUMBER in the system you are using. So if your system is a two game chase you'll have a GAME 1 line and a GAME 2 line. If it's a 3 game or 4 game.....you'll set up lines accoding to how many game numbers you have.
Ok let's get to examples and how it works.
For this example we'll say that we have a 3 game system and you're going to start with a $100. Remember we always bet the total of the outside 2 numbers as highlighted below..
Game 1: 50-50-50-50
Game 2: 50-50-50-50
Game 3: 50-50-50-50
Our first bet will now bet to WIN 100. We will no longer be betting risk but to WIN. Let's say your team was-150 and they lost. Instead of putting the 150 on the end of line 1 and having a situation where your next game 1 bet is already double what your original bet was we're going to SPLIT the 150 in two and put 75 on line 1 and DROP 75 down to line 2. Your lines will now look like this:
Game 1: 50-50-50-50-75
Game 2: 50-50-50-50-75
Game 3: 50-50-50-50
We are Splitting the loss amount for 2 reasons. 1. We want to prevent 1 bad run from making our lines completely out of control in comparison to our bankroll. 2. We want to take advantage of the fact that most system plays get stronger from game 1 to 2 to 3.
So instead of just relying on Game 1 to pick up our losses why not let game 2, typically a stronger game, do some of the work and get back part of your game 1 losses? It makes sense and it works.
How do you handle multiple games? Well lets say for example that you had two game
2's today and you were using the line above that called for a $125 WIN wager. If you have an early game and a late game you would bet the 125 on the early game and after the results you would adjust your line according to the results and bet your late game by what the line calls for. Let's say you have a 7pm eastern and a 10:05 eastern. You bet 180 to win 125 on your early game and it loses.....your game 2 line would be: 50-50-50-50-75-90
and your Game 3 line would be: 50-50-50-50-90 (remember we split the total of your game 2 loss and keep half on the game 2 line and drop half to game 3.
So the wager on your late game would be to WIN 140. If that wins you'd adjust your game 2 line accordingly: X-50-50-50-75-X
What if, going back to the game 2 line of: 50-50-50-50-75, both of our games are 7pm eastern and there is not time gap. Very simple I play all games to whatever the line calls for at that time. If I had 3 game 2's and they were all 7pm I would play them all to win 125 and adjust my lines at the end of the day according to the results.