Originally Posted by
chilidog
First bet is on the 13th - Dallas against Detroit. According to his new rules, if Dallas is the dog, you take the points. If Dallas is favored, you take the ML. Personally, I'm not going to play by his new rules - I will stick to just betting the spreads, and buying the 3 additional points.
As for the labouchere money management system, this is what I do. Take your starting bankroll. Let's say it's $1,000. Take 5% of this, which is $50. Cut that in half, and set up a line like this:
25 - 25 - 25 - 25
Now, for your 'A' bet, take the 2 outside numbers, and add them together. 25 + 25 = 50. You bet to win $50 for your A bet. Now, if the A bet loses, you'd add the amount that you lost to the end of the line. So now your line would look like:
25 - 25 - 25 - 25 - 85
So for the B bet, take the 2 outside numbers, add them together = $110. Bet to win $110 for your B bet. If this wins, now you remove the two outside lines, so your line now looks like:
25 - 25 - 25
So when you start your next series, your A bet will now be $50 again. If this bet wins, remove the 2 outside numbers, and you're left with just 25. So for your next series, you just bet to win $25. When you have finished the line, take your new bankroll amount, which will now will $1,100, take 5% of that, $55.00, then make your new line:
27.50 - 27.50 - 27.50 - 27.50
And go from there. Everytime you complete a line, take your new bankroll, and increase your wager amount with the new line Doing a labby greatly decreases the amounts you would be betting when you hit a C bet.
I know a labby sounds a little confusing, but once you get the hang of it, it's much more preferential to me than risking such a large amount on your C bet. You're minimizing your losses, by carrying them over to the next betting series. With normal betting, I don't do a labby. I only do the labby money management with JM's systems, because the win rate is so high. Hope this helps, and if there's any questions, just post, and I'll answer em when I can.