The Cancellation Betting System (AKA Labouchere, AKA Split Martingale)
This betting system is known by three different names: the Cancellation, the Labouchere, and the Split Martingale. Why? Well, let's look into how it works first, before we discuss the origin of the titles.
This popular system is based on two outcomes of equal probability taking place with the same frequency; generally, its success depends on being able to use a higher bankroll – the more money you have to bet with, the more likely the system is to work … but your chances of losing substantial funds is also higher. Most players prefer to use this system in games with even-money bets (ones with an approximate 50% chance of success, paying one-to-one on successful bets), such as roulette (red or black), blackjack, and Craps (the 'pass or don't pass' bets).
So, why the three names? 'Cancellation' refers to the process of crossing-out stake-numbers you've already used; 'Labouchere' refers to the man who created the system – Henry Labouchere; and, finally, 'Split Martingale' refers to the system's modification to the standard Martingale, as you follow a prepared sequence of wagers instead of doubling your bet every time.
How do Players use it?
To use the Cancellation system, you need to create a sequence of 10 numbers, each representing a wager amount – the goal is to win 10 units once you reach the end. For example, to start, you'd decide on a set wage related to the unit ($2, for example) and then write a single number down ten times: every bet is decided by the first and last numbers in the sequence. So, in this case, we'd pick 1 and 1, and combine them into 2 – meaning you have to bet two units at the beginning (so, $4).
Should you win this first bet, you'd cross out the first and last numbers, leaving you with eight '1's, Next, repeat the process – add the first and last numbers to reach that $4 bet again. What about if you lose? Well, you don't cross out any numbers – instead, you add the number of units lost to the end of the sequence (in this case, it would be 111114. You then make your next bet 1+4, pushing your wager to $9.
With this steady accumulation, may find yourself running up large wagers between wins, so always be sure you have ample funds to cover all possible outcomes. At Casino Midas, we offer demo versions of all of our games, so why not try this system for free first?
