limit, if you would, show me in an example what you are asking. I cant grasp it reading it. Im obviously somewhat slow.lol
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Thanks for the info Wallco. I just dont have the stones to chase like I once did, but I like this system and think it will work with the right form of labby. I may try to backtest a couple of versions.Comment -
Well, looks like its gonna be over before it even gets good and started for BaltimoreComment -
I think i understand what you are talking about.
When you say dividing do you mean taking a big # and splitting it into 2 #s or do you mean taking your loss for the day and spreading it out over the #s currently on the line?
This is how i would run a 4 strike labby for Wallco's system.
Start with 4 #s obviously on the line
5 5 5 5
If you lose the $20 bet put it at end of the line and average it out:
5 5 5 5 (20) becomes:
8 8 8 8 8
then bet the first 3 #s and last #.
The first way you stated with dividing the loss among the lines would be same as a chase right? If you were using a 4 strike method.Comment -
Over the past 20 years, feel free to look up this stat if you wish, but teams that are favorite win around 58% of the time. 70% of the 58% they win by 2 runs or more. Which leaves 30% of the time favorites will only win by 1 run.
Which means, out of 100 games
Favorites win by 1 run: 40.60
Favorites win by 2 runs+: 17.40
Favorites lose: 42%
I wish i could link you to the site i found this statistic on, but it was over a month ago and i go through so many sites, i cant remember which one is which.
I hope this data helps you though.
--jmdComment -
What I have been doing is this:
Line 1
5-5-5-5
Line 2
5-5-5-5
1st bet loses $20
Now your lines will look like this:
Line 1
6-6-6-6-6
Line 2
6-6-6-6-6
Next bet would be to win $24. If I had multiple games at the same time, all would be to win $24.Comment -
Interesting the thread has turned more into a strategy thread...but I like it...obviously to win just following the plays in any chase needs a solid game plan...keep up the good work here guys...Comment -
BAL is looking ok now 4-3, lets get another run in there or more and close it out
... I personally didn't bet on the game (woke up too late), but still cheering for you all (no homo).
--jmdComment -
It makes it a bit easier to talk strategy when there is no bickering. Not pointing you out in paticular, even though i quoted you. Not trying to start anything and not going to bother argueing with anyone in this thread about non sense.
lets gets some more money in the bank $$$$$
--jmdComment -
I am not in any way trying to talk you into that, that wouldn't be fair to you. I am just stressing a point that I have made countless times in here that we are betting mostly +money bets in this system. Because of this, series will take longer to win, hence more individual game losses, which are felt more by the labby guys than the chase players. Not to mention, more series will lose all four games vs. playing all -money favorites. If individual game percentage becomes an important factor for an individual bettor, than this definitely is not a system for them.Comment -
Are you adding a unit to a cleared line before averaging? If I understand your method correctly, using a traditional labby method like this is a bad idea. If you go back through this forum and look at the data that "IceBet" had posted on his spread sheets, you will see that averaging the lines out all together or "globally" is a pretty bad idea when you are replacing cleared lines with new units then averaging. (sorry that seems like a run on sentence, oh well)
I think averaging the lines individually is a much more safer method. Even though your bets apear smaller after a few days you should see that your lines just keep getting bigger and bigger #s.
--jmdComment -
Rookie fielding error cost us 2 runs
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I completely agree with this statement. I would also like to include the reverse side into this as well though. Even though using a labby method with Wallco's system you will feel the losses more cause they are carried over to the next series, it will net more profit because the losses are made up.
One thing I will be doing is for every new series Wallco starts is to add a unit to your line. Not a new # to the labby line, but divide a unit among the #s already on your line, so you will have as many units won at the end of the season as Wallco has series made.
This obviously requires a little bit more cushion in your bankroll, but your profits at the end of the season should be through the roof.
Good statement wallco. Most people think Labby is nothing but printing money, which it is, but also there is still some stress involved in this unless your a robot.
--JMDComment -
So JMD if I understand correctly, you think I should divide my losses through 1 line only? How many lines would this labby consist of? 1 for each game?
What I wanted to try was lower my unit size, but keep 2 lines. Stick with a traditional method and divide my losses through both the lines. On days where there are multiples of the same play, only bet a fraction of my unit size each bet. Because these series often go to C and D (A and B have losing win percentages), playing full units for days where there are 4 or 5+ A bets seems like a bad idea.Comment -
Yeah, JM, i think I am doing my labby like you are talking about. I will go back and try to find a better way. How do you recommend?Comment -
And not a day after clearing 2 D bets, another 2 are on the way! This is the part where the lines become close to unmanageable, the sooner I can get a new method up and working the better.Comment -
Four (4) strike Labby
Using Wallco's system
Run 4 labby lines at a time
2 2 2 2
2 2 2 2
2 2 2 2
2 2 2 2
1) Four strike labby you bet 1st 3 #s + last # on the line.
2) average out the lines individually.
3) I do not like to balance my lines out. If one line has 8 #s on it and another line has 4 #s on it, just leave it as it is.
4) Put your biggest labby line always for C or D bets since they have the highest win %.
Note* There are multiple ways of choosing which game goes on which line. I mainly leave that up to you. Some variations are based on time the game starts, the game with the best odds, or random.
How I will be doing it is mainly based on time. If Wallco has 2 early bets and 2 late bets you really only need 2 labby lines. Once the games are over and the winner is determined just readjust your lines and replace your bets for the next games.
For example:
Todays game: BaL -1.5
Labby line 5 5 5 5
Profit: -$20
readjusted labby line:$8 $8 $8 $8 $8
Next bet is to win $32. I forgot what games Wallco bet on today, but i know BAl already lost, so just go to the next game he bet on based on time and that is your next bet. If there are 2 games choose the one you like best or choose the one that has the highest letter (A B C D).
If you win that bet your line will be: $8
If your line gets down to 1# or less then 4#s, then im not exactly sure what to do, but i would suggest just adding 1 unit to your line and creating a new line with 4#s or maybe even just dividing the $8 that is left over in 4 so your new line becomes 2 2 2 2.
Four strike labby because you are crossing off 4#s (1st 3 and last 1) and only adding 1# when you lose to the line only needs a 25% win percentage. However, with the 4 strike labby you will need a slightly larger then normal bankroll for this method. If you are trying to win a full unit per series i would suggest having 200 units as your bankroll. If you do not have that just try and win 1/2 a unit (.5% of roll) per series.
Remember to add what ever amount you are trying to win per series over your lines for the next series.
For example
Labby line after BAL series 8 8 8 8 8
If this is your labby line after a D bet loss, then take whatever your unit size is and divide it over the lines. If your Unit size is $10 then your new line for the next series is:
$10 $10 $10 $10 $10
*note i did not add another # to the line. Just divided the unit size over the current #s on the line.
This can be some what confusing with so many series going on, but once you undestand all the complications it will go pretty easily.
Hope this helps those trying to understand 4 strike labby
--jmdComment -
Thanks JMD,
I see no point in having 4 lines if your only going to use 1? Or are you saying there's 1 line for each level (A B C D)? For each loss you add a new number to the end of the and divide the loss throughout the line, correct? I may just use that technique with that I do now, 2 lines playing A/C on 1 and B/D on 2. Every loss add a new number slot and divide through the line. The only problem I see with this is that if there are, say, 5 A bets tomorrow and they all lose (not impractical with this system), I would end up with a huge line, even if the numbers are in check it would still take time to clear. I think a solution to that would be, as I have said, to only bet 1/3 of a full unit for each A bet that day. You can expect more As to lose than win, so it seems like a smart thing to do that will make it easier for the series that go deeper.Comment -
Here's what I plan to do, to give you guys a better perspective:
Game 1/3: 5-5-5-5
Game 2/4: 5-5-5-5
This is my labby ^. I will use todays Angels bet as an example. The current line is +150, I want to win 10, so I can risk less by betting to win 10. That would give me a risk of 6.67. Let's say that bet loses, I add a number slot to the end and divide whats left through the line, so:
Game 1/3: 5.3-5.3-5.3-5.3-5.3
Game 2/4: 5-5-5-5
Because of adding a number slot and putting $5 from my loss in it, i only needed to distribute 1.67, which comes out to 30 cents for each number.
I would then move on to the next line for the next game, betting to win 10 again. To solve the problem of having say, 5 A bets in a single day, just divide 1 or 2 units by how many bets there are and wager that amount for each bet. I feel like this method could cut down line bulk substantially. It would cut down on # of series played by cutting your unit amounts, sure, but remember that when you labby you recover all your losses eventually, basically having an undefeated season. I believe with the amount of losses the system will take the # of units won will be close to the same. You can also bet to risk on + money bets instead of bet to win and increase your earnings, though that will increase your risk as well.
Feedback/Criticism welcome, unless there is a glaring problem I may have missed with this method, I will be cutting my losses and trying this new method after these open series clear.Comment -
Wallco MLB PLU$$$ - Plays for 6/22/11
2011 System to date: 106-7
System profit/loss: +25.07 units (finished series)
Since my first post: +4.80 units (91-7) (fin. series)
Current open series: 3 (-9.41 units)
L.A. Angels (-1½) @ Florida (C) *Official* (7:10 pm EDT)
Baltimore (M/L) @ Pittsburgh (C) *Official* (12:35 pm EDT)
Baltimore (-1½) @ Pittsburgh (C) *Official* (12:35 pm EDT)
** Do not place any wagers on teams unless the word “Official” appears next to the game. All lines and standings are based on final lines from ScoresandOdds.com. Some of the unofficial plays may change to the other team by game time. Official plays will not change. 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) on the team I have listed at (-1½), not the other team. NEVER PLAY (+1½) LINE ON ANY GAME IN THIS SYSTEM.
System backtest can be found in post #3446.Comment -
One problem with this method is that you did not mention adding a unit to your line for a new series. If say your unit size is $5 your labby line is
1.25 / 1.25 / 1.25 / 1.25
You stated that end of the season the profit should be about the same. Even though you are recovering your losses, there could be a rough patch where martingale wins a bunch of series, but your labby line gets really long. It may take 3 -4 series to recoup your line where as wallco said it would only take 1 bet to make up for his losses.
What I am saying is, you will be taking 3 or 4 series if its a bad stretch to win 1 unit. Where say on those 3 series A B C all lose but all 3 series win on D. Wallco will be up 3 units, but you will still be down money. To keep up with the amount of units he wins through chase, you need to add 1 unit to your labby line for each new series.
Also say there are 4 games at 7:00pm and wallco has bets on all four of them. What are you going to do with 4 lines then? That is why i suggested using multiple lines (more then 2) for his system.
Some days he has like 6 series going but each of them have -1.5 (RL) and ML so 12 bets all together.
I'm not too sure what to do about this... maybe split the amount you want to win 1/2 on ML 1/2 on RL, but treat it as 1 bet?
Its that or run like 10 lines 4 strike labby method and just clear really fast.Comment -
As previously stated by,... forgot the name. BUt when he had his labby line at 6 6 6 6 using 4 strike labby, he would just make all bets $24 instead of using multiple lines. My question about this is what happens if you lose say all 4 bets?
is your new line 6 6 6 6 ($96)?
I agree it will clear really fast that way, but the next day you are looking to bet a lot of units.Comment -
I really like what JMD wrote in post #6084, that's pretty much the rundown on how to properly manage your labby. Great job!
thelimit0310, everything's fine with your method, just one small quibble, I understand that if you have more A and C bets than number sets on your line 1, do you divide the amount from the line between the bets?
To use an example, let's say you've got six numbers on line 1 and four A bets on the night, what do you do?
I'm managing my labby a bit differently, I like more lines, but always 3-strike or 4-strike (depending on the system I'm playing). I started following Wallco as a martingale chase, but changed to a 4-strike labby not that long ago. My method is very close to what JMD has put forward: I started with four lines and I decide daily which bet goes on which line. But if I have more bets than lines (or number sets on my lines), I simply add a line with another unit to be won. I do happen to have serious amounts of money in play, but I would have to go on a 0-15 or 3-30 run to get really stressed. I don't want or expect to earn big this season, what I need is to find a perfect labby strategy for the systems I'm playing and if I make some money in the process, oh, why not. I already managed to double my starting bankroll this year, then go from 200% to 40% and then back to 80%. And of course I'll be following Wallco's plays all season long, using the 4-strike labby, so I'll try to share my experience whenever the opportunity arises.
What we all need now is the Angels delivering.
Orioles, hate them, with a passion. Hope we're following Pittsburgh, the Friday's D bet's on Boston (with Lester pitching!), that would be excellent news. If it's the O's, they're hosting Cincinnati, wonder who will the books' favorite be in that one.Comment -
Sorry to clutter this forum, but i keep forgetting to mention certain things or another method i keep leaving out. As stated a few times in this thread is to skip A and B and just bet C and D for a bigger Unit size. This method can easily be thrown into the labby method as well.
Idk the math on it, but maybe start your labby line with 2-3 units instead of 1. Just bet all the C and D bets this way. Since there are not many C and D bets usually every day, you could just run a 1 or 2 line labby method this way. Idk the math or bankroll required for starting with a bigger unit size,but as stated 52% FOR C and 54% for D, your lines will clear pretty fast with 4 strike labby, so it would work out fine.
I'm just trying to show an overall profit with this system, until one of us come up with a perfect labby method for it. Other systems are a bit easier because there are not so many bets in the same day, so dont have to run so many lines. I like the action though and dont mind doing it.
GL on the Angels today.Comment -
This. I add 1.5u if I'm feeling good about a series or if it overlaps with another system.
Also, with the +money bets in Wallco's system, go for 'risk the amount', don't bet to win (leave it for the -money bets). Thanks to the labby you already lower your risk compared to chasing, so why not go for the additional $, that's what this wonderful system is about after all.Comment -
Look at my post again JM. If I were to go 0-4, I would add 1 # per game lost onto the end of the line then add up both lines including the extra for the 4 units I am trying to win and divide them by, in this case,12:
Line 1
14-14-14-14-14-14-14-14(Rounded up for numbers sake)
Line 2
14-14-14-14
In your opinion, why is it bad to divide losses among both lines? What was icebets theory?Comment -
@Pagodo and JMD
It should be noted guys that the method I posted was for "2 strike", I did not plan on using this 4 strike method, mainly because I feel it's too hard to incorporate successfully with this system. My unit is the total of 2 numbers, not the whole line like JMD posted. However, Pagodo, I know you run 4 strike, if you've been experiencing success with it, please share it so I can copy it and put all this theory crafting to rest!
As I said in my original post though, if it gets to the point where there are say, 4 A bets in one day, and I only have 4 numbers on my line, I can bet 1 number for each A bet. If there are more than 4, I can divide my line total by how many games there are and play it that way. I don't care if it hurts my overall unit count by a few series, because my losses will be recovered after D where chasers don't get that opportunity. Fair trade in the end.
I do have a question though, I don't seem to understand why I need to add a unit to my lines after every series? Your saying to keep up with Wallco's chasing I need to divide a whole unit throughout the line after a series finishes? Having trouble grasping what you mean there, and why it's necessary.
Thanks guys!Comment
