Labouchere Staking Plan

The Labouchere staking plan is sometimes also known as the 'Cancellation System'. You start the Labouchere Staking plan by begining with any series of numbers the series chosen will tally up to the number of units that you are trying to win in each sequence.

Looking at your Labouchere plan, you begin by betting the sum of the first and last number in Labouchere series. If you win, cross out both of these numbers from the Labouchere sequence, if you lose, add the last bet made to the end of the series of Labouchere numbers. Let's say, for example that the Labouchere series used is 1-2-3-4-5-6. If you are successful in cancelling out the entire Labouchere sequence, you will win exactly 21 units, or 1 +2 +3 +4 +5 +6.

To illustrate, here is a Labouchere sequence that we will play out (the "x" denotes numbers that are cancelled out after a winning bet): commencing our Labouchere sequence = 1-2-3-4-5-6+0 units.

1. bet 1 +6, or 7 units and win: x-2-3-4-5-x +7 units
2. bet 2 +5, or 7 units and lose: x-2-3-4-5-x-7 +0 units
3. bet 2 +7, or 9 units and lose: x-2-3-4-5-x-7-9 -9 units
4. bet 2 +9, or 11 units and win: x-x-3-4-5-x-7-x +2 units
5. bet 3 +7, or 10 units and win: x-x-x-4-5-x-x-x +12 units
6. bet 4 +5, or 9 units and lose: x-x-x-4-5-x-x-x-9 +3 units
7. bet 4 +9, or 13 units and win: x-x-x-x-5-x-x-x-x +16 units
8. bet 5 units and win: x-x-x-x-x-x-x-x-x +21 units

The following image uses TSM to show these Labouchere results.

A longer series of larger Labouchere numbers has less likelihood of success thus, the shorter the series and smaller the values, the better the chance of completing the Labouchere series.
There is also the possibility in TSM of using a Reverse Labouchere. You can see the result of doing this below.