thanks rockman. i hope things will turn around so that people can start seeing how well this system profits. the only downside is that it can take a while to get a line crossed off after a few losses on it. patience is critical when playing the labby.
so at the beginning of this thread there was a C loss on the orioles. and after just 2 weeks the debt has already been wiped out using the labouchere strategy. the martingle player would still still have to win 4 more series just to break even.
i noticed that LA was an early underdog. jm didn't specify what line to bet on in his email today. which is part of his dirty way of doing things. so if LA loses by 1, he will call it a win. i just passed up on the -250 juice on the runline. there would be very little profit on the line by betting that.
dodgers choked last night after leading most of the game.
bank: -$10.19
record: 7-7
line 1: 5 10 15 (lost A bet on dodgers)
B bet on dodgers 10:05 ET: they are small underdogs as of now and should stay that way. depending on the odds i will probably combine the ML/RL. i will update this post later today.
line 1: 5 10 15 (lost A bet on dodgers)
B bet on dodgers 10:05 ET: moneyline (+109), runline (-220)
bet $13.75 on the runline and $6.25 on the moneyline ($20)
line 2: x x x x
line 3: 5 5
B bet on astros 8:05 ET: bet $10 on the runline (-155)
astros are unofficial so i skipped the A bet. they didn't cover so i am doing a 2 gm chase on line 3.
line 1: 5 10 15 (pushed on dodgers B bet)
series over
line 2: x x x x
line 3: x x x x (won B bet on astros)
line 4: 5 5 5 5
not what i wanted from the dodgers series, but i bet enough on the runline to walk away clean. i thought about playing the C bet since i didn't lose anyting on the B bet. but the dodgers are playing so bad right now, it's not worth chasing. jm has already called this a win, and i know there will be other official series coming up.
the astros win easily. so now there are 2 lines crossed off. i usually wait until i have four crossed off, and reset each line with the next highest number, which will be 6. slightly raising the bet amount.
i couldn't agree more larry. although this system may be slower and less profitable while winning, it will protect your bank and allow you to quickly recover with a loss. there are some cases where the abc will beat this system. for example the dodgers last night. in the long run though, i feel this is just smarter money management.
i overlooked an unofficial series this weekend. the astros/rangers. i will skip the A bet tonight. if the astros don't cover, i will bet B and C if necessary. if they sould somehow pull a win out their you know what lol, then i will play the rangers tomorrow. i just can't see them getting swept at home by a bad team like houston. of course if the rangers win by 1 run, then there wont be anything. we'll see what happens.
i'm sure everybody knows about the v3 plays in mlb. since the astros beat the rangers straight up last night, i decided to play line 1 on the rangers for this afternoon.
line 1: 5 10 15
A bet on rangers v3 3:05 ET: bet $20 on the moneyline (-280)
line 4: 5 5 5 5
i made an error last night getting my bet in. i wanted to combine the runline in there but by accident i bet all 20 dollars on the moneyline. so if this bet wins i will only make $7.14. that really isn't enough to cross off the bigger numbers on line 1. so what i will do is if it wins, instead i will cross off smaller numbers on line 4 because of the small profit with -280 odds. and of course if the astros win again, the 20 will be added to line 1. i hope this makes sense. i probably should have just passed on this one because even the rangers -1.5 runline will be a heavy favorite.
took a bit of a chance tonight with the tigers moneyline in there, but they get it done
bank: $23.56
record: 10-7
line 1: 10
line 4: 5 5
since there is only 1 number left on line 1, i will move it down to line 4 where there are still numbers remaining. so now there are 3 lines completely crossed off.
jays clearly not playing up to their expectations tonight. i'll have to decide whether or not to continue chasing them since i really am not big on these v3.0 plays to begin with.
not too confident on the jays for this series. but it is a system and i've found in the past that if you chicken out, you miss out on $. and that is why we are here. and you can't win if you don't play.
so i decided to play the jays smaller tonight on a fresh new line. that way if they keep losing, i don't have a line out of control.
line 1: 6 6 6 6
v3 B bet on blue jays 7:05 ET
bet $12 on the moneyline
more frustration and disappointment tonight. and to make things worse, this shit kicker toronto team puts my bank back into the negative. that's the way it goes with the labouchere system though. it's a never ending roller coaster. but think of it this way, martingle players are always worse off in these system losses.
bank: -$3.44
record: 10-9
line 1: 6 6 6 6 12 (lost v3B on blue jays)
line 2: 6 6 6 6
line 3: 6 6 6 6
line 4: 5 5 10 15
well we have 1 more try tomorrow. it's a day game too. again i will play it small on line 2 or 3. that way if they lose again (which they probably will lol) it minimizes the blow to my bank. i'll post it tomorrow morning.
lesson learned. the v3.0 is crap! just something jm threw in there to get some extra marketing. from now on i will not be playing v3.0 in this thread. just official plays and maybe a few unofficial.
bank:-$21.44
record: 10-10
line 1: 6 6 6 6 12 18 (lost v3 series on blue jays)
well that's 2 series losses in this thread so far in 1 month. and i'm only down 21 bucks. i can't imagine how bad the martingle players are hurting now.
The toronto series was NOT a v3.0 loss. It was actually a win on the A bet(second game of the series). According to the JM system, if your team is favored less than -115(which in this game, toronto opened at like -111 or something) you are too bet the Alternate runline, +1.5.
So, it was actually another win for the system. Unfortunately a lot of people missed this. Check out the other jim morrison thread. Stevex explains it quite well.
i am happy for those who made profit from toronto. to bet the alternate RL they must have risked a lot of juice just to win 1 unit. this system is a little different than jm's. the whole purpose is to profit with limited risk to your bankroll. and i know this system will lose more often than jm. but it wont lose as much $. i also admit that it was not smart to chase the jays in this series. i am also not claiming that this system is any better than jm's. this is more of a test to comparison.
i decided to make some changes to this system. i've been reading about the different ways to play the labouchere system. and there are several. i happen to like this new way better because it's more aggressive. i will explain it as i go. i will also start with a fresh line, but keep my balance up to date.
bank: -$21.44
line: 5-5-5-5
A bet on phillies 7:05 ET
betting $10 on the runline (+110)
now if the phillies should only win by 1 run, i will accept the small loss and move on.
something i should have done in the toronto series
hey ed.. been kinda watchin what you been doing for a few weeks... do you by any chance have an easy explanation of how the labby system works? It is completely new to me.. thanks!
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