Labouchere 'Labby' system

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  • Daveo
    SBR Rookie
    • 10-16-11
    • 30

    #1
    Labouchere 'Labby' system
    I'm new to the idea of a "Labby" system. I've read up on it, and I understand the basic principle. My question is, how do you decide how long your labby line is, and how do you choose the numbers in your labby?

    A labby line could be anything from 10-10-10-10, or 10-10-10-10-10-10, or 1-2-3-4-5-4-3-2-1, etc. What is the best way to set-up a labby line?

    Also, I generally believe that you can't get something for nothing. It seems too good to be true that using a labby line has zero drawbacks. Would you agree that in reality, a labby line increases your odds of winning, but there is a downside as well? What is the downside?

    Thanks to anyone who can help

    Daveo
  • Daveo
    SBR Rookie
    • 10-16-11
    • 30

    #2
    Also, is a labby better/worse than simply betting 2% of your bankroll each bet?
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