LABOURCHERE Money Management Methodology

I have seen the Lab mentioned in a couple of threads and I think I am understanding it but have a few questions if anyone who understands this thing could reply.

 

From what I have read, it says you should nominally increase your bets when you "clear a line twice".    What I think this means is if you start with a $100 base bet, the line would initially be "50-50-50-50" If you lose your first bet, the line would move to "50-50-50-50-100" making your next bet $150.   You win that bet so the line moves to "50-50-50" and you win your next bet of $100 so the line is now "50" so at this point the is considered "cleared".   In this scenario for the three games you would have won $150 total and then you start a new line at 50-50-50-50.   Clear that line, then you would increase.

 

What if there are multiple games being played at the same time?  In that case you would need to have multiple lines active, correct? 

 

On a three game chase, if you lost all three on a $100 base bet, your ending line would look like "50-50-50-50-100-150"  and you would kill the line at that point?

 

Any input would be appreciated...thanks