The Labouchere system was created over a century ago by an avid roulette player called Henry Labouchere. His system is one of the most famous roulette systems ever created along with the Martingale system. Whilst it is relatively simple in its theory, the Labouchere system will for most people require pen/pencil and paper to implement. It is based upon the theory that a small amount of wins can bring in more money than a larger amount of loses.
Here is how it works in its most basic format:
1) Create a betting number sequence – For this example we will use 1, 2, 3 for our betting sequence. This betting sequence is used to calculate the amount of ‘units’ we will bet. Again for simplicity we will use $1 per unit.
2) You bet the amount of the first and last number in your sequence – So for us, our first bet would be $4 ($1+$3).
3) If you lose on your first ($4) or any bet for that matter then you add the amount of this losing bet to your list – So in our example, we would add 4 to the end of our list making our new betting sequence 1,2,3,4. You would then bet $5 on the next spin since the first number in the sequence in 1 and the last is 4.
4) If you win on your bet then you erase from your betting number sequence the numbers you have used on the winning spin – So if our second spin of $5 won then we would erase the 1 and 4 from our betting sequence. This would make our new list 2, 3.
There are many modern variations on the Labouchere system including inverted systems and specific number sequences with (for example) 0,0,0,0,0,0,0,0,0,0,1. The Labouchere has been around for a long time and it is certainly worth a little research.