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So if I understand this correctly, in your example, after the two wins you would be up $75 with labby, with chase you would be up $100. And that is just playing it all on one line. If you add lines, I believe the profit would be even less. Multiply that by a lot of wins and that is a lot of money difference.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 lose
well, 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 -
JM (A) bet loses last night. Today we go to the (B) bet and the rpi is still good. MIL .489 - CIN .471 and it looks like it will remain good throughout the series. This is important because last year on a series with Houston the rpi dropped below the recommended number during the series and Houston ended up losing the series, all 3 games and Morrison came back and said after posting all plays as official bets that the series was disqualified and no loss was recorded because they dropped below the rpi during the series. So I will monitor rpi and give a warning when it's a possibility that this could happen. GL today at least it's a favorable line today.Comment -
i definitely agree. if doing jm's bets, u have to use the labby system or else ur are done after a C lossComment -
Can someone please correct me if I'm wrong... From what I understand milwaukee is a jm b bet but because the brewers lost by more than 3 and are playing at home we should double our wagers?
Also, would someone kindly provide jm's baseball record last season? I heard it was bad...Comment -
any one value the mets away at d.cComment -
Nice win on the White Sox.Comment -
You are absolutely right. This now becomes a JM v2 bet because of what you mentioned in your post. Sorry I missed that, got a super busy day at work today. I'll try to be more vigilant. Thanks.
I still have not received my email from JM yet and I did purchase v2 so he should note it in the email to me.Comment -
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Wallco MLB PLU$$$
2011 System to date: 27-0
System profit/loss: +37.77 units (finished series)
Since my first post: +17.43 units (12-0) (fin. series)
Current open series: 2 (-2.4 units)
(4/25/11) Chicago White Sox (M/L) (A) - Win
(4/25/11) Philadelphia (-1½) (A) –Loss
(4/25/11) Philadelphia (M/L) (A) - Loss
(A) 15-14
(B) 8-4
(C) 0-4
(D) 4-0
Next games:
(4/26/11) Philadelphia (M/L) @ Arizona (B) *Official*
(4/26/11) Philadelphia (-1½) @ Arizona (B) *Official*
(4/26/11) N.Y. Mets (M/L) @ Washington (A)
(4/26/11) Kansas City @ Cleveland (M/L) (A) *Official*
(4/26/11) Kansas City @ Cleveland (-1½) (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”. If your book is offering (+1½) on the (-1½) plays above, buy the alternate line for (-1½).Comment -
Thanks for the post Wallco! Lets get that money today.Comment -
Hagball, were there any sweeps over the weekend that weren't posted yet, or all we all caught up? I think a few are missing, but I could be wrong.Comment -
How are you guys handling starting pitchers for betting this system?
I'm betting at Pinnacle and for the Cleveland game they have an option that says "L. Hochevar must start J. Masterson must start" .. when betting the ML, I can deactivate it but not for the RL. Should I always bet with this option?
Sorry if this is a newbie question..just getting started with betting on baseball.Comment -
I play them regardless, if the pitchers change, your bet will still count, but the line will automatically change for the game. The run line bet will just become a "no play" with your book. Just one of the negatives of betting baseball. All previous backtesting doesn't show pitching changes in results, so if, for example, a R/L bet is declared a no action with your book because of pitching change, then the next bet would be your (B) bet, regardless of outcome of previous game. The M/L bet will still count, so play the next game as you normally would.Comment -
Finished my first job of the day early so I got a few minutes. No I do not have the v2 results. I purchased it during the season last year and I don't believe it ever came up after I bought it. I guess if someone wants they can backtest for it but I'm in the thick of my stuff that I do for baseball and don't have a lot of time.Comment -
So only MIL (B) today for JM?Comment -
Yes only one. There are 3 series coming up next week and almost sure one of them won't qualify and the other two will depend on how this week shakes out.
P.S. According to JM v2 rules you should double your wager on the game today but that has to be a personal choice. GLComment -
In the Labby Syst. what happens if my line is 25-25-25-25-50, and my next wager is of 75 (25+50) and I got two JM MLB series staring? do I go on both 75? or how do I choose?Comment -
Hagball, can you make your selections a little more user friendly like wallco. I appreciate everything you do but you don't list whether or not to bed M/L or R/L. Although I know the system and know what to bet, there have been questions that have been asked that just clutter this thread that wouldn't be asked if you were a little more clearer when posting plays. You keep saying your busy and if you can't do this then someone else will take over. Don't take this the wrong way but just stating a fact and I think everyone can agree that Wallco's picks here and in the NBA thread, and the Jim Morrison follower for the NBA posted plays identical and were really easy for new people to pick up leading to less questionsComment -
This is totally off topic, but i figured i would be asking the right people in this thread. I was a big helper on the NBA forum so looking for help with this strategy now...
I am trying to use the Labby system on betus.com under their multihand Black jack game.
minimum bet is $1 max bet is $25
I know black jack long run wins 49.5% if you don't count cards.
I was wondering how some of you may use a labby system in order to beat online black jack?
What kind of bankroll do you need if you line starts off 1 1 1 1 ? (To win $2 on first bet) Also since Max bet is $25, I am not a huge black jack player, but I assume there is a lot of variance in it. Do you think I need to use multiple lines with out compounding since max bet is $25?
Any help on this subject would be extremely helpful.
Thanks JMD>Comment -
Today game qualify as both JM MLB V.1 and JM MLB V.2, therefore if you wish to double your bet you can do.....
For info. About V.2 and V.3 check first page of this thread......Comment -
Yeah on the JM plays I'll make it a little more formal and post runline or moneyline. On my plays I don't post in this thread anymore. I did clean them up and they look a lot like Wallco's. They're posted in chilidog's thread.
JM MLB Sytem plays (4/26/2011)
Milwaukee (B) M/L
Cincinnati
Notes: This selection qualifies as a v2 wager which says to double your amount. That is a personal choice.
I'll do it something like this.Last edited by hagball52; 04-26-11, 12:56 PM.Comment -
At this time of the year, the RPI factor is really important. Yesterday the RPI spread from the best team to the worst team was 0.120 (today it has reduced, as expected, to 0.108). At the end of the season the spread across the MLB is approx 0.080. So, yesterday, JM's filter of 0.010 was not worth thinking about. Yesterday I used a pre-series RPI difference of 0.040 before I checked the teams' standings. The difference was 0.056, so the bet qualified for me. As Hagball has indicated, the difference has reduced to 0.018 today. If the Brewers lose, the difference will go below the threshold and might even be negative....
Thought I would let you know.
Kev
PS. I've played the B bet, anywayComment
