John Morrison 2011 MLB

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  • GGPLAYER
    SBR MVP
    • 03-26-09
    • 2981

    #911
    Originally posted by Wallco99
    Wallco MLB PLU$$$ - Plays for 4/25/11
    2011 System to date: 26-0
    System profit/loss: +35.88 units (finished series)
    Profit/loss since my first post: +15.61 units (11-0)
    Current open series: 0


    Chicago White Sox (M/L) @ N.Y. Yankees (A) *Official*
    Philadelphia (M/L) @ Arizona (A) *Official*
    Philadelphia (-1½) @ Arizona (A) *Official*

    **All lines and standings are based on final lines on ScoresandOdds.com. Some of the unofficial plays may change by game time. Official plays will not change. Do not place any wagers on teams unless the word “official” appears next to the game. Keep checking for updated posts until all games are marked “official”.

    Wallco you have saved the baseball season for me. I was ready to give up after the worst week of betting I have had since probably last baseball season. I can't beleive I'm just finding this thread now after following your plays for NBA. I spent the last hour or so reading over the thread and I know you have really put your all into this one. Apparently you have sold the rights too...congrats! I hope I can understand it fully before you can't post the plays any longer. Thanks again Wallco....your the man!
    Comment
    • Wallco99
      SBR Hall of Famer
      • 01-01-11
      • 7261

      #912
      Originally posted by Maxi_EV

      TOTALLY AGREE!

      If someone has the list of the plays with the dates, I'm in to backtest them with Dogs on ML and Favs on -1 and -1.5

      I have been asking for that several times.
      Comment
      • Wallco99
        SBR Hall of Famer
        • 01-01-11
        • 7261

        #913
        Originally posted by Maxi_EV
        At least let's start to record this season plays with that variation. (dogs on ml and favs on rl)
        Please keep that completely seperate from any other JM posts. That will surely start a landslide of "what do I do" questions. If you get info, contact me. Maybe we can split the work load. The Run lines are what take soooooooooo long to backtest.
        Comment
        • Wallco99
          SBR Hall of Famer
          • 01-01-11
          • 7261

          #914
          Originally posted by GGPLAYER
          Wallco you have saved the baseball season for me. I was ready to give up after the worst week of betting I have had since probably last baseball season. I can't beleive I'm just finding this thread now after following your plays for NBA. I spent the last hour or so reading over the thread and I know you have really put your all into this one. Apparently you have sold the rights too...congrats! I hope I can understand it fully before you can't post the plays any longer. Thanks again Wallco....your the man!
          Just please do one thing, make sure you read the posts where I stress the fact that ther WILL be losses. I have posted a backtest somewhere in this thread, if someone knows where it is, let me know and I will try to incorporate it into my standings. There was one horrible season, and many phenomenal ones. I mentioned all of this before I ever made my first post. Every one seemed to be on board, I just hope they remain that way after we eventually take or first loss. The system has already made enough to still be plus if we do lose soon. Our bankrolls aren't quite there yet because we missed the first week or so. But we should hopefully be there shortly. Welcome aboard.
          Comment
          • stevex
            SBR Hall of Famer
            • 05-02-10
            • 5122

            #915
            Wallco, thanks for the post with your system!

            Lets make some money tonight fellas (and girls)

            Comment
            • dlunc3
              SBR Hall of Famer
              • 10-31-09
              • 9129

              #916
              Originally posted by Wallco99
              Seems like his NBA system, always risking a ton of units to win 1 unit. Has anyone ever backtested his system, playing dogs on the M/L and Favorites on the (-1 1/2) line. I am sure there will be more losses, but the wins will be more rewarding, and we can actually have more losses and still be ahead. I may make this a project soon, unless someone has already done it. When playing a three game chase at all + money games, a total loss on a series would only be 8 units, or close to it on high favorite R/L plays We know that JM sets up a system just to maintain a 97% win rate, which is bogus. It may not be the most profitable way to play his systems, more losses may actually produce more profit if bet a certain way. But that would just destroy his whole marketing campaign, and his fabricated high percentage win rates. Some of the plays in MLB PLU$$ are high negative odds plays, but not ALL of them as is in JM system. True money is made in MLB on plus money plays, and some of them need to be in any system somewhere to help speed up the recovery of loss money. Just my opinion, but one loss could set you back 35-40 units, and that will be just as many wins needed to recover if no +money bets are placed.
              Refer to post #66
              Comment
              • Wallco99
                SBR Hall of Famer
                • 01-01-11
                • 7261

                #917
                Originally posted by stevex
                Wallco, thanks for the post with your system!

                Lets make some money tonight fellas (and girls)

                No problem pal! My pleasure.
                Comment
                • Wallco99
                  SBR Hall of Famer
                  • 01-01-11
                  • 7261

                  #918
                  Originally posted by dlunc3
                  Refer to post #66
                  Thank you, I will try to hop on to post #1000 when it rolls around. Hopefully I am by the computer when it does.
                  Comment
                  • Wallco99
                    SBR Hall of Famer
                    • 01-01-11
                    • 7261

                    #919
                    Originally posted by dlunc3
                    Refer to post #66
                    I thought that was my post # for backtest, sorry, I thought that was too far back. I should have checked before I responded before.
                    Comment
                    • PetrGasparik
                      SBR Sharp
                      • 05-19-10
                      • 278

                      #920
                      sorry newbie question - how to bet on "sweeps" ?

                      Originally posted by hagball52
                      Good job everybody. Appreciate the help. Sweeps come in bunches. Unfortunately I would have preferred 5 out of 6.I was on the losing end of one with San Fan.
                      The next 6 JM plays listed below.

                      5/2/2011 LAA @ BOS
                      5/18/2011 KAN v TEX * (not an official play, only a 2 game series but must be tracked)
                      6/3/2011 CHW v DET
                      7/22/2011 SDG @ PHI
                      8/12/2011 ARI V NYM
                      8/15/2011 SFO @ ATL

                      Mark 'em down on your JM calender. I will post the Milwaukee play in the morning after I get the JM email.
                      Comment
                      • ken23lau
                        SBR Sharp
                        • 09-11-10
                        • 296

                        #921
                        Originally posted by PetrGasparik
                        sorry newbie question - how to bet on "sweeps" ?
                        Bet on the team that was swept in their previous series. There are version 2 and 3 but i'm just going to stick with the basic system. Basically just bet on the team that was swept if they are favorite bet on ML and if they are underdog bet +1.5
                        Comment
                        • RAK
                          SBR High Roller
                          • 11-29-10
                          • 237

                          #922
                          Interesting. I like that idea of the -1 instead of -1.5RL. GL to all Cheers

                          Originally posted by lawalahmed
                          Good observation, i personally will like to play dog on M/L and favourite on -1 instead of -1.5 for game one only, and if favourite win game one by 1 run then my bet will be push and that will be end of that series for me....

                          My problem is i dont know may be i should chase dog on M/L after they cover on Run Line.....

                          I need somebody to test these underdog method......
                          Comment
                          • RAK
                            SBR High Roller
                            • 11-29-10
                            • 237

                            #923
                            Originally posted by RAK
                            Interesting. I like that idea of the -1 instead of -1.5RL. GL to all Cheers
                            I have included a very easy to use 1RL calculator for anyone who needs one.
                            Attached Files
                            Comment
                            • black666
                              SBR Hustler
                              • 01-02-09
                              • 86

                              #924
                              I've finally read through the whole thread. Someone posted a nice description / tutorial on labby lines (http://platinumsportsinvesting.com/labourchere.aspx) and that it should be combined with the chase systems. As far as I understand, a chase system ends with the last bet (D for example) and you eat the loss .. so you need your system to work on a high % to make up for the few times where you lose a bunch of units. In a labby system, you actual add the losses to the line(s) and keep on betting until the line is cleared.

                              Wallco seems to stress the fact that his system will have some losses on a series or two (= losing the D bet). Now if we just add the loss to the labby line, wouldn't that make Wallco's system a bigger winner in the end since we don't just start over after losing the D bet, but actually recover from it? Why even care about losing a series when we just add it to the labby line and clear it eventually?

                              I know the Labourchere system from Roullette and the problem there is that you will bust your bankroll or reach the betting limit since the line will get out of hand at some point. But a great system with a high % should have no problem keeping labby lines in check.

                              Am I not getting something? Why would you ever just play a chase system and "give up" after a D bet loss? How would a combination of a chase + labby look like then? Is there a stop loss with chase + labby?
                              Comment
                              • Wallco99
                                SBR Hall of Famer
                                • 01-01-11
                                • 7261

                                #925
                                Originally posted by Maxi_EV
                                At least let's start to record this season plays with that variation. (dogs on ml and favs on rl)
                                No need to record. This is how I am going to bet them. I will let you know as we go. There are so many plays in MLB Plu$$$, I'll only play JM for 1/2 unit for now, most I'll lose is 4 units in a 3 game chase, and all my bets (except negative money R/L on very large favorites) will be +money bets. If I get up 8 units in JM, I'll raise bet to 1 unit.
                                Last edited by Wallco99; 04-25-11, 07:12 PM.
                                Comment
                                • stevex
                                  SBR Hall of Famer
                                  • 05-02-10
                                  • 5122

                                  #926
                                  JM MLB had a rough year last year so can see it coming back strong this year. That's usually how it goes with his systems.
                                  Comment
                                  • Wallco99
                                    SBR Hall of Famer
                                    • 01-01-11
                                    • 7261

                                    #927
                                    Originally posted by black666
                                    I've finally read through the whole thread. Someone posted a nice description / tutorial on labby lines (http://platinumsportsinvesting.com/labourchere.aspx) and that it should be combined with the chase systems. As far as I understand, a chase system ends with the last bet (D for example) and you eat the loss .. so you need your system to work on a high % to make up for the few times where you lose a bunch of units. In a labby system, you actual add the losses to the line(s) and keep on betting until the line is cleared.

                                    Wallco seems to stress the fact that his system will have some losses on a series or two (= losing the D bet). Now if we just add the loss to the labby line, wouldn't that make Wallco's system a bigger winner in the end since we don't just start over after losing the D bet, but actually recover from it? Why even care about losing a series when we just add it to the labby line and clear it eventually?

                                    I know the Labourchere system from Roullette and the problem there is that you will bust your bankroll or reach the betting limit since the line will get out of hand at some point. But a great system with a high % should have no problem keeping labby lines in check.

                                    Am I not getting something? Why would you ever just play a chase system and "give up" after a D bet loss? How would a combination of a chase + labby look like then? Is there a stop loss with chase + labby?
                                    Labbys are set up to lose less, not win more. Chase system will produce higher profits in the end with the risk of larger 1 loss situations. Do it your way and I'll do it mine. We'll compare notes at the end of the year. Unless it is a disasterous year, with more than average losses, I almost guarantee I will end up ahead of labby. Unless you win the majority of the (A) bets, the labby seems almost useless, and acts more as a loss recovery system than a profit generating system. For a lack of better term, I think it is "stupid", but that is just me. I play to win, not play to get back what I lost with a very very small profit, if any at all. When I hit a +170 (D) bet with an 8 unit wager (my 7 units in losses in (A) (B) (C) and one more unit), my profit at the end of that game will be 6.6 units, yours will be whatever two numbers add up at the end of your line x 1.7. I'm not sure how much that is, but it's definitely not 6.6 units.
                                    Last edited by Wallco99; 04-25-11, 07:17 PM.
                                    Comment
                                    • Wallco99
                                      SBR Hall of Famer
                                      • 01-01-11
                                      • 7261

                                      #928
                                      Originally posted by black666
                                      I've finally read through the whole thread. Someone posted a nice description / tutorial on labby lines (http://platinumsportsinvesting.com/labourchere.aspx) and that it should be combined with the chase systems. As far as I understand, a chase system ends with the last bet (D for example) and you eat the loss .. so you need your system to work on a high % to make up for the few times where you lose a bunch of units. In a labby system, you actual add the losses to the line(s) and keep on betting until the line is cleared.

                                      Wallco seems to stress the fact that his system will have some losses on a series or two (= losing the D bet). Now if we just add the loss to the labby line, wouldn't that make Wallco's system a bigger winner in the end since we don't just start over after losing the D bet, but actually recover from it? Why even care about losing a series when we just add it to the labby line and clear it eventually?

                                      I know the Labourchere system from Roullette and the problem there is that you will bust your bankroll or reach the betting limit since the line will get out of hand at some point. But a great system with a high % should have no problem keeping labby lines in check.

                                      Am I not getting something? Why would you ever just play a chase system and "give up" after a D bet loss? How would a combination of a chase + labby look like then? Is there a stop loss with chase + labby?
                                      I stress the losses because everybody else out there wants you to believe they are selling you a system that doesn't lose. They all have losses, but some like to hide them or create new rules to make them dissappear. There is a backtest somewhere in this thread of my system, with profit/loss for each year doing a four game chase. Your labby numbers won't come close to that.
                                      Comment
                                      • xgame
                                        SBR Wise Guy
                                        • 07-21-10
                                        • 675

                                        #929
                                        damn first JM game look sick to me now.
                                        Comment
                                        • black666
                                          SBR Hustler
                                          • 01-02-09
                                          • 86

                                          #930
                                          Originally posted by Wallco99
                                          Labbys are set up to lose less, not win more. Chase system will produce higher profits in the end with the risk of larger 1 loss situations. Do it your way and I'll do it mine. We'll compare notes at the end of the year. Unless it is a disasterous year, with more than average losses, I almost guarantee I will end up ahead of labby. Unless you win the majority of the (A) bets, the labby seems almost useless, and acts more as a loss recovery system than a profit generating system. For a lack of better term, I think it is "stupid", but that is just me. I play to win, not play to get back what I lost with a very very small profit, if any at all. When I hit a +170 (D) bet with an 8 unit wager (my 7 units in losses in (A) (B) (C) and one more unit), my profit at the end of that game will be 6.6 units, yours will be whatever two numbers add up at the end of your line x 1.7. I'm not sure how much that is, but it's definitely not 6.6 units.
                                          Please don't take this the wrong way .. I'm not saying that a labby is better than your chase or that a combination of both is the best. I just want to understand how a chase + labby could be worse than a regular chase with a stop loss after a D bet?

                                          As long as you win your A, B, C or D bets, both should be the same. You win your unit and get on with your life. Losing the A, B or C bet should also be straight forward since you would just add the loss to the next labby line (Losing a B bet would add your loss to the C line .. see the link I've posted before for examples). The interesting part is losing the D bet. If I understand your system correctly, you are eating the loss (-8 units) and start over with the next series? Combine your system with a labby and you would eventually try to recover those losses.
                                          What I've meant with "you would win more" is that your overall stats would be even better if you don't just eat those -8 D bet losses but recover from it with a labby. With a labby you don't try to lose less, you try to not lose at all (by keeping the size of the bets for chasing previous losses in check).
                                          Your system though is fine with losing a series here or there. How that is better than recovering from your losses and eventually not lose at all is something I haven't quite figured out yet.

                                          I don't really know how to efficiently backtest, so I don't know if my post is complete BS lol .. but at the beginning of this thread some people were suggesting a labby + chase and from what I could find out via Google it seems to be the perfect match - unless your base system doesn't have a high enough win % so that your labby line gets out of hand.
                                          Or maybe I haven't quite figured out yet how labbys work

                                          For the record: I keep going with your system because it seems that you have more knowledge and put more time into it than me .. it just bugs me when I see something that is too good to be true but can't quite figure out where my math is off...
                                          Comment
                                          • Wallco99
                                            SBR Hall of Famer
                                            • 01-01-11
                                            • 7261

                                            #931
                                            Originally posted by black666
                                            Please don't take this the wrong way .. I'm not saying that a labby is better than your chase or that a combination of both is the best. I just want to understand how a chase + labby could be worse than a regular chase with a stop loss after a D bet?

                                            As long as you win your A, B, C or D bets, both should be the same. You win your unit and get on with your life. Losing the A, B or C bet should also be straight forward since you would just add the loss to the next labby line (Losing a B bet would add your loss to the C line .. see the link I've posted before for examples). The interesting part is losing the D bet. If I understand your system correctly, you are eating the loss (-8 units) and start over with the next series? Combine your system with a labby and you would eventually try to recover those losses.
                                            What I've meant with "you would win more" is that your overall stats would be even better if you don't just eat those -8 D bet losses but recover from it with a labby. With a labby you don't try to lose less, you try to not lose at all (by keeping the size of the bets for chasing previous losses in check).
                                            Your system though is fine with losing a series here or there. How that is better than recovering from your losses and eventually not lose at all is something I haven't quite figured out yet.

                                            I don't really know how to efficiently backtest, so I don't know if my post is complete BS lol .. but at the beginning of this thread some people were suggesting a labby + chase and from what I could find out via Google it seems to be the perfect match - unless your base system doesn't have a high enough win % so that your labby line gets out of hand.
                                            Or maybe I haven't quite figured out yet how labbys work

                                            For the record: I keep going with your system because it seems that you have more knowledge and put more time into it than me .. it just bugs me when I see something that is too good to be true but can't quite figure out where my math is off...
                                            I am not picking on you specifically, I am just not a fan of the labby.
                                            Comment
                                            • Wallco99
                                              SBR Hall of Famer
                                              • 01-01-11
                                              • 7261

                                              #932
                                              Originally posted by black666
                                              Please don't take this the wrong way .. I'm not saying that a labby is better than your chase or that a combination of both is the best. I just want to understand how a chase + labby could be worse than a regular chase with a stop loss after a D bet?

                                              As long as you win your A, B, C or D bets, both should be the same. You win your unit and get on with your life. Losing the A, B or C bet should also be straight forward since you would just add the loss to the next labby line (Losing a B bet would add your loss to the C line .. see the link I've posted before for examples). The interesting part is losing the D bet. If I understand your system correctly, you are eating the loss (-8 units) and start over with the next series? Combine your system with a labby and you would eventually try to recover those losses.
                                              What I've meant with "you would win more" is that your overall stats would be even better if you don't just eat those -8 D bet losses but recover from it with a labby. With a labby you don't try to lose less, you try to not lose at all (by keeping the size of the bets for chasing previous losses in check).
                                              Your system though is fine with losing a series here or there. How that is better than recovering from your losses and eventually not lose at all is something I haven't quite figured out yet.

                                              I don't really know how to efficiently backtest, so I don't know if my post is complete BS lol .. but at the beginning of this thread some people were suggesting a labby + chase and from what I could find out via Google it seems to be the perfect match - unless your base system doesn't have a high enough win % so that your labby line gets out of hand.
                                              Or maybe I haven't quite figured out yet how labbys work

                                              For the record: I keep going with your system because it seems that you have more knowledge and put more time into it than me .. it just bugs me when I see something that is too good to be true but can't quite figure out where my math is off...
                                              I am not going to get into it, but your understanding of the math is incorrect. If you don't win (A) bets with labby, you don't win as much as chase method overall. Ghislane is a labby player, and I think stevex is also, they can better explain how labby is used as a "safe bet" style, and not necessarily a win more than chase style. You will lose less on your losses, but you will win less on your wins, unless they are (A) bet wins.
                                              Last edited by Wallco99; 04-25-11, 08:53 PM.
                                              Comment
                                              • xgame
                                                SBR Wise Guy
                                                • 07-21-10
                                                • 675

                                                #933
                                                i think just play the way that you feel comfortable. both labby and chase are good.
                                                Comment
                                                • Wallco99
                                                  SBR Hall of Famer
                                                  • 01-01-11
                                                  • 7261

                                                  #934
                                                  Originally posted by xgame
                                                  i think just play the way that you feel comfortable. both labby and chase are good.
                                                  You got it, whatever you are comfortable with. Nothing is wrong if your bankroll is going up. Just comparing two methods is a different argument.
                                                  Comment
                                                  • stickbit
                                                    SBR Sharp
                                                    • 03-09-08
                                                    • 265

                                                    #935
                                                    Originally posted by black666
                                                    Please don't take this the wrong way .. I'm not saying that a labby is better than your chase or that a combination of both is the best. I just want to understand how a chase + labby could be worse than a regular chase with a stop loss after a D bet?

                                                    As long as you win your A, B, C or D bets, both should be the same. You win your unit and get on with your life. Losing the A, B or C bet should also be straight forward since you would just add the loss to the next labby line (Losing a B bet would add your loss to the C line .. see the link I've posted before for examples). The interesting part is losing the D bet. If I understand your system correctly, you are eating the loss (-8 units) and start over with the next series? Combine your system with a labby and you would eventually try to recover those losses.
                                                    What I've meant with "you would win more" is that your overall stats would be even better if you don't just eat those -8 D bet losses but recover from it with a labby. With a labby you don't try to lose less, you try to not lose at all (by keeping the size of the bets for chasing previous losses in check).
                                                    Your system though is fine with losing a series here or there. How that is better than recovering from your losses and eventually not lose at all is something I haven't quite figured out yet.

                                                    I don't really know how to efficiently backtest, so I don't know if my post is complete BS lol .. but at the beginning of this thread some people were suggesting a labby + chase and from what I could find out via Google it seems to be the perfect match - unless your base system doesn't have a high enough win % so that your labby line gets out of hand.
                                                    Or maybe I haven't quite figured out yet how labbys work

                                                    For the record: I keep going with your system because it seems that you have more knowledge and put more time into it than me .. it just bugs me when I see something that is too good to be true but can't quite figure out where my math is off...
                                                    Black - stick with the labby and stay far away from the Martingale type double up b.s. Labby any and all chase systems...you will be less stressed and much happier. People don't use labby lines because they don't really understand it.
                                                    Comment
                                                    • shinnman
                                                      SBR Sharp
                                                      • 02-25-11
                                                      • 282

                                                      #936
                                                      have to stick up for labby here, i use both systems. my chase systems have a much smaller unit size than my original labby bet, also since there are usually multiple chases going on at the same time, if one chase gos to a game 5 or 6, the labby could have gotten reduced from other chases so that a game 5 bet could be equal or smaller than a game 2 or 3 bet. i watched everyone fallout and ugh the crying when there was a game 6 loss in one of the nba chases(cant remember which one it was) , we are in this to make money and obviously both systems can work
                                                      Comment
                                                      • Wallco99
                                                        SBR Hall of Famer
                                                        • 01-01-11
                                                        • 7261

                                                        #937
                                                        Originally posted by stickbit
                                                        Black - stick with the labby and stay far away from the Martingale type double up b.s. Labby any and all chase systems...you will be less stressed and much happier. People don't use labby lines because they don't really understand it.
                                                        No that's not why, but play how ever you are comfortable.
                                                        Comment
                                                        • Maxi_EV
                                                          SBR Wise Guy
                                                          • 05-11-10
                                                          • 535

                                                          #938
                                                          Originally posted by Wallco99
                                                          Please keep that completely seperate from any other JM posts. That will surely start a landslide of "what do I do" questions. If you get info, contact me. Maybe we can split the work load. The Run lines are what take soooooooooo long to backtest.
                                                          Yeah...Just realized what it would take in terms of time (that I don't have much left)...

                                                          Just keeping records of my actual systems that I play and backtesting other ideas are so time consumming...
                                                          Comment
                                                          • chinoloco212
                                                            SBR MVP
                                                            • 03-24-11
                                                            • 1095

                                                            #939
                                                            lets go brewers tom! take this home!
                                                            Comment
                                                            • ghislaine
                                                              SBR MVP
                                                              • 11-14-10
                                                              • 1131

                                                              #940
                                                              Originally posted by black666
                                                              I've finally read through the whole thread. Someone posted a nice description / tutorial on labby lines (http://platinumsportsinvesting.com/labourchere.aspx) and that it should be combined with the chase systems. As far as I understand, a chase system ends with the last bet (D for example) and you eat the loss .. so you need your system to work on a high % to make up for the few times where you lose a bunch of units. In a labby system, you actual add the losses to the line(s) and keep on betting until the line is cleared.

                                                              Wallco seems to stress the fact that his system will have some losses on a series or two (= losing the D bet). Now if we just add the loss to the labby line, wouldn't that make Wallco's system a bigger winner in the end since we don't just start over after losing the D bet, but actually recover from it? Why even care about losing a series when we just add it to the labby line and clear it eventually?

                                                              I know the Labourchere system from Roullette and the problem there is that you will bust your bankroll or reach the betting limit since the line will get out of hand at some point. But a great system with a high % should have no problem keeping labby lines in check.

                                                              Am I not getting something? Why would you ever just play a chase system and "give up" after a D bet loss? How would a combination of a chase + labby look like then? Is there a stop loss with chase + labby?
                                                              I use 1 or 2 labby lines for all my bets. Make sure You bet just at most 5% of bank and with these guys` systems You are SAFE


                                                              say bank is 1000$ bet 50$ labby will look like 25-25-25-25

                                                              That`s what I do. I love labbying, takes the focus from stressing the game outcome to just simply clearing lines and growing Your bank sorta just in the process
                                                              Comment
                                                              • stevex
                                                                SBR Hall of Famer
                                                                • 05-02-10
                                                                • 5122

                                                                #941
                                                                Exactly. Labby takes the "gambling" out of gambling, sort of. At least that's how I see it.
                                                                Comment
                                                                • ghislaine
                                                                  SBR MVP
                                                                  • 11-14-10
                                                                  • 1131

                                                                  #942
                                                                  Just going to put this up here,
                                                                  I chase too, did with Wallcos system wich is great !!! But now I have 5 overlapping systems with the Shut Out wich sorta demands labby lines, sooooo... Labby is safer, but Wallco says and I agree he likes the big bucks !!! If I did not have 5 systems with the crahayzyy Shut Out, yeah, would chase
                                                                  Both are good, but this is something I found on the internets...

                                                                  Hopefully this will be of more use than just taking up the space here

                                                                  The most important factor in winning consistent profits in sports betting is not how many games you win. Pure and simple, it is money managment.
                                                                  With a proper system of managing your bankroll, it is entirely possible to win less than 50% of your plays and still make a healthy and consistent profit.
                                                                  Professionals, those few people who bet on sports for a living, know that it is not possible to win more than 65 - 70% of their plays. There are just too many factors that determine the outcome of each game; and, it is impossible to handicap all of the factors. What they do know, however, is how to manage the number and size of the bets they make.
                                                                  There are plenty of money management "systems" touted on the internet. The problem, most of them are indeed a system, but, very few of them address the most important factor - RISK!
                                                                  Porfessional sports bettors, like stock market investors, follow trends. All trends follow cycles; and these cycles all have high and low periods. It is not hard to spot trends in sporting events. The secret is having a proven system to manage betting on these trends.
                                                                  THE LABOURCHERE SYSTEM (the "Labby") is the money management system that the pros use. The principle was developed by professional roulette players becasue it only requires a 39% winning percentage to break even. And, because most sports bettors can hit at least 50% winners, even by accident, the Labby system provides for a consistent profit, but, more importantly, a lot less risk than the more popular systems used, namely the Martingale, or "Double Up" system.
                                                                  If you bet using the martingale, where you double after every loss the progression would look like this:
                                                                  You bet $50 and you lose.
                                                                  Your next bet is $100. If you lose:
                                                                  Your next bet is $200. If you lose:
                                                                  Your next bet is $400. If you lose:
                                                                  Your next bet is $800. If you lose:
                                                                  Your next bet is $1600. If you losewell, you get the picture)
                                                                  It doesn't matter how many times you double up your bet, you will only win the $50 if you eventually hit. This takes into account all your progressions up to that point. Can you imagine risking over a thousand dollars for a chance to win fifty dollars? The risk just simply far outweighs the benefit.
                                                                  With the Labby, you start with a four-number line. Let's say you play the same $50 per play as in the above Martingale example. The line would be:
                                                                  25-25-25-25
                                                                  Your wager is always the sum of the two outside numbers. As you see above your base bet would be $50. Now lets suppose that we lose our first wager. A losing wager is placed at the end of the line and our new line would be
                                                                  25-25-25-25-50
                                                                  Therefore your next wager would be $75 (25+50) as highligted above. Let's suppose that we win our next wager. You cross out those two numbers and create your new line:
                                                                  X-25-25-25-X
                                                                  Thus your next wager would be back down to $50. Understand? Your goal is no longer so much to win every game or to focus on the daily ups and downs but our goal it to clear lines. Each 2 times we clear a line we raise our bet which means growing bankrolls and faster profits. After we clear the line above 2 times our next line would be: 30-30-30-30 with a base bet of $60.
                                                                  The best part about the Labourchere is that you get back all of your losses without doubling and quadroupling your bets. It is a safe and efficent way to maximize our bankrolls while minimizing risk.
                                                                  Start using this system in your sports betting life; and you will gain control of your system and your profits.
                                                                  Comment
                                                                  • oklahoma
                                                                    SBR Wise Guy
                                                                    • 11-22-10
                                                                    • 602

                                                                    #943
                                                                    labby has its pros and cons, in that example you lost 6 straight martingale bets, -3150. if losing 6 in a row doing the labby youd be down -675. much more attractive obviously but youd have to win 5 days in a row(assuming one game a day)to clear the line. and if you dont then it could take a week or more to clear the line to win the $100 in your example. and since wallco has backtested this system based on chasing and its up a lot of units from it, then chase seems to be the preferred choice for this system.
                                                                    Comment
                                                                    • black666
                                                                      SBR Hustler
                                                                      • 01-02-09
                                                                      • 86

                                                                      #944
                                                                      Originally posted by oklahoma
                                                                      labby has its pros and cons, in that example you lost 6 straight martingale bets, -3150. if losing 6 in a row doing the labby youd be down -675. much more attractive obviously but youd have to win 5 days in a row(assuming one game a day)to clear the line. and if you dont then it could take a week or more to clear the line to win the $100 in your example. and since wallco has backtested this system based on chasing and its up a lot of units from it, then chase seems to be the preferred choice for this system.
                                                                      Thanks .. I think I've found what I was missing in my "math". The fact that you only need 1 win to end a chase and multiple wins to clear a labby line is something I didn't really notice at first.

                                                                      But if you are winning 50%+, clearing a labby shouldn't be any problem.

                                                                      Anyway.. my unit size is only $2 for the start, and I will use 4 labbys (one for each bet A, B, C and D). Starting with 1 - 1 - 1 - 1 labbys should keep them in check and I will probably not lose my house . If things go well, I can still increas the labby.

                                                                      I will also incorporate the system from platinumsportsinvesting where they add half the losses to the current line and half the losses to the next line. Losing a 150 C bet would therefore add 75 to the line C labby and 75 to the line D labby.

                                                                      Just one more question for the labby guys here - what do you do after losing a D bet? Do you just add the whole amount to the D line? The link above for example suggests to again add half the loss to the current line (D) and then add half the loss to the A line.
                                                                      Comment
                                                                      • teecee
                                                                        SBR Hall of Famer
                                                                        • 09-18-09
                                                                        • 6298

                                                                        #945
                                                                        Originally posted by ghislaine
                                                                        Just going to put this up here,
                                                                        I chase too, did with Wallcos system wich is great !!! But now I have 5 overlapping systems with the Shut Out wich sorta demands labby lines, sooooo... Labby is safer, but Wallco says and I agree he likes the big bucks !!! If I did not have 5 systems with the crahayzyy Shut Out, yeah, would chase
                                                                        Both are good, but this is something I found on the internets...

                                                                        Hopefully this will be of more use than just taking up the space here

                                                                        The most important factor in winning consistent profits in sports betting is not how many games you win. Pure and simple, it is money managment.
                                                                        With a proper system of managing your bankroll, it is entirely possible to win less than 50% of your plays and still make a healthy and consistent profit.
                                                                        Professionals, those few people who bet on sports for a living, know that it is not possible to win more than 65 - 70% of their plays. There are just too many factors that determine the outcome of each game; and, it is impossible to handicap all of the factors. What they do know, however, is how to manage the number and size of the bets they make.
                                                                        There are plenty of money management "systems" touted on the internet. The problem, most of them are indeed a system, but, very few of them address the most important factor - RISK!
                                                                        Porfessional sports bettors, like stock market investors, follow trends. All trends follow cycles; and these cycles all have high and low periods. It is not hard to spot trends in sporting events. The secret is having a proven system to manage betting on these trends.
                                                                        THE LABOURCHERE SYSTEM (the "Labby") is the money management system that the pros use. The principle was developed by professional roulette players becasue it only requires a 39% winning percentage to break even. And, because most sports bettors can hit at least 50% winners, even by accident, the Labby system provides for a consistent profit, but, more importantly, a lot less risk than the more popular systems used, namely the Martingale, or "Double Up" system.
                                                                        If you bet using the martingale, where you double after every loss the progression would look like this:
                                                                        You bet $50 and you lose.
                                                                        Your next bet is $100. If you lose:
                                                                        Your next bet is $200. If you lose:
                                                                        Your next bet is $400. If you lose:
                                                                        Your next bet is $800. If you lose:
                                                                        Your next bet is $1600. If you losewell, you get the picture)
                                                                        It doesn't matter how many times you double up your bet, you will only win the $50 if you eventually hit. This takes into account all your progressions up to that point. Can you imagine risking over a thousand dollars for a chance to win fifty dollars? The risk just simply far outweighs the benefit.
                                                                        With the Labby, you start with a four-number line. Let's say you play the same $50 per play as in the above Martingale example. The line would be:
                                                                        25-25-25-25
                                                                        Your wager is always the sum of the two outside numbers. As you see above your base bet would be $50. Now lets suppose that we lose our first wager. A losing wager is placed at the end of the line and our new line would be
                                                                        25-25-25-25-50
                                                                        Therefore your next wager would be $75 (25+50) as highligted above. Let's suppose that we win our next wager. You cross out those two numbers and create your new line:
                                                                        X-25-25-25-X
                                                                        Thus your next wager would be back down to $50. Understand? Your goal is no longer so much to win every game or to focus on the daily ups and downs but our goal it to clear lines. Each 2 times we clear a line we raise our bet which means growing bankrolls and faster profits. After we clear the line above 2 times our next line would be: 30-30-30-30 with a base bet of $60.
                                                                        The best part about the Labourchere is that you get back all of your losses without doubling and quadroupling your bets. It is a safe and efficent way to maximize our bankrolls while minimizing risk.
                                                                        Start using this system in your sports betting life; and you will gain control of your system and your profits.

                                                                        thanks for the informative post. i've wondered how the labby worked, but never took the time to find out. good post.
                                                                        Comment
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