2010 NFL Labouchere Line

So I have been successful betting on MLB, NHL, and NBA using a simple Labouchere line on the top 10 percentage team (winning or losing.) 

I am going to do the same thing in the NFL and NCAAF....except there aren't enough games to do a similar system so I am going to it a little different.  Instead I am letting Covers users pick the games.  It will start with a simple line of ten 5's.

5,5,5,5,5,5,5,5,5,5

There's only about 68-80 games in the regular season so we may only get through 1 or 2 lines or so depending on how well the picks go.

I don't want to overload though because once NBA and NHL start I have a lot of resources used at once.

You're using the split martingale system for sports betting?

Labouchere...split martingale...call it what you want.  I researched it under Labouchere when I committed to it...It's been awesome the last 10 months.  Football is tough because there aren't enough games.  I may combine it into one line...College and Pro.  We will see I guess. 

Never heard of the system, how does it work???

Pretty simple actually.  the line starts like this

5,5,5,5,5,5,5,5,5,5

Each game you take the first and the last # and that's your bet.  So $10 on the first game.  If you win you cross them off, if you lose you add what you lost to the end...so they look like this.

After a win = 5,5,5,5,5,5,5,5

After a loss (with juice) = 5,5,5,5,5,5,5,5,5,5,11

So your next bet is either $10 again or $16.  You keep doing that until the line is cleared.  Then you wash, rinse and repeat!

It was automatic for baseball, a lot of work but definitely profitable, bankroll management is the key.  You have to have the cash to keep with it if lose lose 5,6 even 7 games in a row.

The problem with this system is that in theory it works, but it requires an unlimited or at least a very large bankroll to cover a string of losses. Basically you are increasing your bets after you lose to catch up.

Good luck with the system and I hope you win this year.

First two games are set.

Minnesota -3 -105, and then follow up with a USC -21.5

I've got all 10 games for the first week set but the timing may not work out.  With a Labouchere line you need to wait for a game to finish before knowing what the next bet is.

That along with a bus schedule and not always being available to get a bet in may put some wrinkles in the system but we will see what happens.

For MLB - yes.  Actually I am betting a Labouchere line on the top 15 percentage outcomes...not necessarily the top 15 teams.  For instance today I bet the following....

Fade Houston

Fade Cleveland

NY Yankees

Fade Pitt

Fade Chi

San Diego

Fade Arizona

Atlanta

Fade Washington

Boston

Fade Baltimore

Tampa Bay

Texas

Fade Kansas City

Fade Seattle

15 is ridiculous...so I would start with 3-5 and see how it goes.

NHL would work the same way.

NBA, NBA O/U and NHL O/U...I actually chart each year and bet on the highest percentages...

It sounds simple, and the concept is...but it's a lot of work, especially when you've got 3 sports going at once.

Hope that helps.

And yeah...the juice gets high in a hurry.  That is why for baseball is only go with 2,2,2,2,2,2,2,2,2,2...with about a $1000 bankroll.

You only clear $20 per line cleared but with 15 going at once it adds up quick.  It also gets a little tight and stressful when a team loses 5 straight...

In the case of NY v Boston...i actually place a bet on both sides.  Because the amount bet varies it and the line varies I would not cancel it out....yes I may pay a bit of unnecessary juice by doing it, but I am making it back in the end anyway.  For NBA, and O/U's I may cancel it out and bet the difference since it's a -110 line.

When doing NBA and O/U's I do it on a per team basis.  I basically have a spredsheet that I update daily.  I may start with the prior year data...but as soon as I have a handful of games from the current year 10-15...I will use this years data.

I see what you are saying on the -1 RL to reduce the juice.  And trust me after Houston swept Philly last week in a 4 game series where Philly was heavy favorites...it would have come in handy.  I use very conservative bankroll management to avoid that juice being an issue. 

Everything is right except #2.  Once I pick the 15 teams that I am betting on or fading...I stick with that team until a Labby line is cleared...at that point I will re-evaluate and possibly switch a team.

I wouldn't say the results are very different between team and O/U.

Football starts today.  I started a new post in the systems forum since it has both NFL and NCAA games.  We will see how it goes, it's new for me this year.

Good Luck!!