Labouchere

The simulation of the Labouchere strategy on betting can be realized here.

1. Description

The Labouchere strategy is based on a string with numbers from which the first number is taken and gathered with the last number to form the stake of the bets. If a bet is won then the first and last number from the string are removed and if a bet is lost then its stake is added as the last number in the string.

Advantages:

  • The long-term profit is guaranteed if we carefully choose the events and the initial string with numbers is a corresponding one.

Disadvantages:

  • It can be reached very high stakes and the loss of the whole bank if we have bad luck corroborated with the irresponsible choose of an initially string with numbers.

2. Simulation settings

2.1 Betting simulation settings

The Labouchere strategy settings for betting simulation are presented in the image below and described under it:

Labouchere - Betting simulation settings
Betting simulation settings

Where:

  • NS - represents the initial string with numbers used on strategy simulation.
  • MO - represents the minimum odds used on strategy simulation. It is valid only if both banks are disabled (the total one: 'TB' and of strategy: 'SB'). This will be the odds used in calculations when getting the stake of the next bet. Any value of the bet odds that is above the minimum odds set here, will produce a bonus profit to the bettor when the bet is won, profit that is not used at all in the strategy calculations but goes directly to the bettor's profit. The minimum odds of the strategy must be less than or equal to the odds of the bet. The greater the difference between the minimum odds of the strategy and the odds of the bet, the higher the bonus profit when winning the bet, but also the risk of the strategy is higher because in the strategy calculations will be used a lower percentage of the value won. The format of the odds used by the strategy can be changed after log in from the "Account settings" section.
  • TB - represents the value of the total bank. This bank is common to all strategies and if it is enabled then any value lost or gained will also be felt in its value.
  • SB - represents the value of the strategy bank. This bank is only valid at the current strategy and if it is enabled then any value lost or gained will also be felt in its value.
  • Reverse Labouchere - allows a reverse simulation, ie when a bet is won, its stake is added as the last number in the string and when a bet is lost the first and last number from string are removed.

2.2 Betting virtual simulation settings

The Labouchere strategy settings for the betting virtual simulation are presented in the image below and described under it:

Labouchere - Betting virtual simulation settings
Betting virtual simulation settings

Where:

  • NS, MO and Reverse Labouchere - have the same meanings and roles as above on betting simulation.
  • SB - represents the value of the simulation bank. Any value lost or gained will be felt in the value of this bank.

3. Simulation description

3.1 Betting simulation description

The simulation of the bets is presented in the images below and described under them:

Labouchere - Sending the bet
Sending the bet

Where we have like this:

  • Number of betting simulation variant.
  • The field for entering the event name and event odds, and below them the button of sending the bet. The event odds can be specified only if at least one of the either total bank or strategy bank is enabled.
  • Stake of the next bet. If at least one bank is enabled (the total one: 'TB' or of strategy: 'SB'), then the bets stake will be displayed only after the bets odds have been inserted.
  • The icon which allows to display the betting history containing the data of the last 6 historical bets of the current betting simulation variant and allowing the result change of these historical bets or marking them as suspicious.
Labouchere - Result establishment of sent bet
Result establishment of sent bet

Where we have like this:

  • Number of betting simulation variant.
  • The name of the betted event and the buttons for establishing the result.
  • The status of the betted event. This can be ok ( ) or marked suspicious ( ! ).
  • The icon with the betting history of the current betting simulation variant and the icon which allows marking the bet as suspect. The bet can be marked as suspicious when for various reasons its outcome cannot be established (deferred event, result that may be modified in the future due to some decisions, and so on).

3.2 Betting virtual simulation description

The virtual simulation of the bets is done taking into account the payout value that the bookmakers include in the odds, so at the odds 2 there will not be a winning chance of 50% but a smaller chance and only around the odds 1.85 the chance of winning will be 50%. Was used such a simulation for the simulation result to be as close as possible to reality. Through a simple analysis of events, the user can bet on events whose real chance of winning is 50% or higher, even if the event odds are 2.

The virtual simulation of the bets is presented in the image below and described under it:

Labouchere - Betting virtual simulation
Betting virtual simulation

Where we have like this:

  • Buttons that allow a certain number of virtual simulations (100, 250 or 500).
  • The link which allows to reset the virtual simulation.
  • Various information that are related with the simulation process.
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