Most well-known roulette strategies are played using the even bets (referred to as Outside Bets) on the table, and they all work on the same type of progression basis where you double or reduce your next bet depending on whether you win or lose on a spin.
None of the Strategies will make you rich, but if you get on a run, you can make some money as long as you bale out before the run ends.
Labouchere is among the most complex systems out there. It is also known as Split Martingale, the Cancellation System and American Progression.
It involves increasing bets after losing.
Martingale attempts to recoup all losses in a single bet. Labouchere attempts to do so with multiple wins. Or, more precisely, the Labouchere system cleverly keeps track of your losses and then tries to shave off the losses one by one.
You start with a sequence of numbers. It can be any sequence, say, 1-2-3. Your bet will be the sum of the first and last number in your series, in this case, 4.
If you lose, four is added to the sequence, 1-2-3-4, so your next bet is 1+4=5. When you win, you cross the numbers, in this case, 1 and 4, so you’d be left with 2-3.
What’s cool about this system is that it will be profitable even if you win less than 50% of your bets, provided you avoid a lengthy losing streak.
The long losing streak will still be just as problematic as with Martingale, but if you avoid it, you’ll likely make money.
It might just be the best you can hope for in roulette.
In Reverse Labouchere, you add numbers to your sequence when you win and remove numbers when you lose.
Long winning streaks may result in huge gains; on the other hand, you can only lose the amount determined by your starting sequence.
As it says, you do the reverse of the D’Alembert strategy. You increase your bet by one for every win, and for every loss, you reduce your bet by one.
So using the same sequence as above
In this 6-bet sequence, you end up with a loss of 3.
Pros –; You need to set your bale out limit and stick to it.
Cons – You’ll only win if you have more wins than losses in a sequence.
With the Fibonacci System, you move one step forward with a loss and two steps back with a win.
With the Reverse Fibonacci System, you do the opposite.
When you win you move a step forward and when you lose you move back two steps.
So the sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89………etc.
So you have 3 wins and 3 losses and end up -1 down.
Unlike the Fibonacci System where you’d turn a profit of 1 in the reverse, you end up 1 down.
Now, this strategy works best when you have runs going and you are increasing your bet after each win.
The key is to bale out before you get the loss, so set yourself a limit and stick to it.
This is riskier than the normal Fibonacci system so I’d not recommend playing it.
Remember these are playing strategies, not winning strategies.
At some point during the sequence, you will be up more than 1 point so you have to decide whether it is more important for you to stop and bank your profit or continue and chance to make a loss.
In theory and practice, all progressive betting roulette systems rely on the misconception known as the gambler’s fallacy, which is a false belief that some outcome is due.
In other words, every one of the systems listed above is hoping that the losing streak won’t be too long, as that’s deemed less probable than a short losing streak.
This is not the case.
Every roulette spin is independent of all previous and future spins, and the chance is always the same.
Any sequence of Red and Black over, say, 20 spins are equally probable – a perfect string of Red, Black, Red, Black, all 20 Reds or all 20 Blacks.
Players who play progressive betting systems will eventually encounter a long losing streak and lose all their money.
That’s why it’s essential to have a safeguard or limit on how much money you’re prepared to lose. If and when you lose that amount, the sensible solution is to stop.
Chasing losses with progressive betting systems such as Martingale is a very, very bad thing to do.
I believe the most accurate sentence about progressive betting systems is that they work sometimes but will eventually lose you all your money at least once.
In other words, you may see moderate success with any of the systems listed above. However, with all of them, when you encounter a long losing streak, you will lose.
Even if the system somehow safeguards you from massive losses, it is almost inevitable that you will be chasing losses yourself by starting a new sequence (or trying out a new system), as the progressive betting systems taught you to do.
Eventually, the game of roulette and the progressive betting systems are a terrible combination that will find a way to lose your entire bankroll.
Be sensible about the whole thing.
Don’t think the roulette game owes you anything; don’t think a betting system can tame it.
Then you might have fun and win some money.