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Author: [Systems & Strategies] Topic: Using Labby Lines On 50% Win Percentage And Greater Bets
earnold75 send a private message View Space | Blog | Friends | Playbook |
earnold75
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#1
Posted: 6/19/2012 12:46:34 PM
Hi all.

I recently sent this email to someone who may know a good amount abt wagering.

I'm waiting to hear back from him, but I figured I'd post it here and see what the community thinks.

Any constructive feedback would be much appreciated.

Btw, sorry abt the big font in the email; that's how it pasted, and when I tried to change it it wouldn't.

Part of my email:
"It's a labby strategy.  It's based on the fact that you only need to win 33.34% of your bets to win your line.

From what I know, there are four popular bets which should average out to winning 50% in the long run: Overs, Unders, Betting the favorite on a spread, and betting the underdog on a spread.

Since these bets average well over the 33.34% needed to finish labby lines, I assume in the long run, they should, mathematically, always end up clearing labby lines.

There would be long losing streaks.  You might even sometimes have to split your lines (I assume you're very aware of what that means, and I don't wanna be insulting, but just to be exact, I'm talking of when you feel the amount you're risking becomes too high, halving the line and working on each half.  So a line with four 100s remaining becomes two lines with four 50s remaining, etc.)

But even with splitting, I think mathematically you should eventually clear your lines, as you're always using bets which avg 50% on lines which only require 33.34%.  As long as you manage your $ well enough to stay in the game and continue working on your lines, I think you should clear your lines.

I figure this strategy should work even quicker betting favorites of at least -200.  Of course, you'd have to be smart abt $ management because you're always risking a bunch more than you win, but in clearing lines the main success factor may be how much of a percentage above 33.34% your bets average winning, and betting these types of favorites (from -200 up to as high a fave as you feel comfortable with) should win at least 2/3 of the time, and with the higher favorites, even more.

Again, $ management is VERY KEY, but as long as you manage it well enough so that you can always stay in the game, working on your lines, I don't see a flaw in the strategy.

But that's why I'm asking you, because maybe you do :)

Anyway, I'd genuinely appreciate hearing what you think, suggestions, etc.

Thx...E"
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bigkeith send a private message View Space | Friends | Playbook |
bigkeith
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#2
Posted: 7/2/2012 11:53:17 PM

Sounds great in theory until you lose 6 or 10 in a row ?

Then what ? How many times are you going to split your lines ?

I have yet to some ANYONE Long-Term Win with a Labby Line ?

 

 
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bigkeith send a private message View Space | Friends | Playbook |
bigkeith
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#3
Posted: 7/3/2012 12:15:50 AM

Please show US All an example of your labby line ?

Going 50% over 20 games.

 

BK
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Snappa send a private message View Space | Blog | Friends | Playbook | My Sportsbook: 5Dimes |
Snappa
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#4
Posted: 7/9/2012 9:30:30 AM
You are fundamentally correct in your basic assumption that the Lab. line method of money management works well with high win % events.  
However, you need a very large bankroll to finance a long-term strategy, especially when betting favorites. Juice kills, and I would stay away from -200 faces. And in long runs, even faves will have losing streaks that will balloon the numbers and make it difficult to clear lines.  Just make sure you have the bank to cover those streaks.

I recommend starting out with a low unit size, for example:

5 5 5 5
7 7 7 7
10 10 10 10

Of course you can come up with any configuration you want...it sounds like you are pretty familiar with the Lab. system.  Anyway whatever configuration you start with, even if it is a single line of say, 20 numbers, play it until it is completely cleared out, then play THE SAME numbers again   and clear them again. Then increase all of your numbers by 20%, play them through twice, and increase by 20% again.  This has worked pretty well for me in the past.
GL earnold!
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therush send a private message View Space | Friends | Playbook |
therush
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#5
Posted: 7/14/2012 11:55:17 PM
Earnold- id be very interested to hear what your contact responds. 

Someone mentioned the losing streak issue. I've been working on Labby Line systems and ive put together 3 ways to help getting out of a big juice loss or a losing streak. 

1. Spread your losses throughout your line. This way you don't have one big play and the losses are dissipated. 
2. Have a "bank" or a "bullpen" off to the side so that if you get down you can just take x amount of units, place them in the bullpen and reset the lines to a more manageable number. You can take out whatever percentage you wish and start sprinkling them back onto the lines little by little, as an entire set after clearing a set or all at once.
3. After 2 losses, I read up on the next play. If there are trends going against it- maybe ill lay off it. If it goes to 3 losses, ill wait until the losing streak ends and resume with the next win.

If your system continually loses more than several times in a row- there might be something wrong with your system or your reasoning. Just because you're in something doesn't mean you have to be in it forever. I also keep track or the units im up (or down) to the side to keep perspective.

Feel free to shoot me a pm.
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