Fibonacci Sequence:
Based on the mathematical Fibonacci sequence, a series of numbers in which the sum of two numbers equals the next number (such as 1, 1, 2, 3, 5, 8, 13, etc), this strategy also involves outside bets.
1. Make an outside bet with one betting unit.
2. On the next bet, keep your one-unit bet the same based on the Fibonacci sequence, regardless of winning or losing.
3. Increase your one-unit bet to two units.
4. Increase your two-unit bet to three units.
5. Increase your three-unit bet to five units.
6. Continue betting according to the Fibonacci sequence or until you hit your budget.
Labouchère System
Sometimes called the cancellation system, the Labouchère system involves reaching a payout goal in a slightly risky way. It’s named after Henry Labouchère, a renowned 19th-century politician and gambler who came up with the system, and tries to make up losses gradually.
1. Make a numerical goal for your winnings.
2. Split that number into smaller, positive numbers and put them in random order.
3. Add up the first and last numbers.
4. Bet the sum on an outside bet.
5. If you win, put an X through the numbers you used and repeat the process with your new sequence.
6. If you lose, add the bet amount to the end of your sequence and repeat the process with your new sequence.
For example, you’d like to win $20 at the roulette table. You split that bet into 6, 2, 6, 4, and 2, then add up the left and right numbers (6 and 2) to get $8.
You bet $8 on an outside bet and win, so you cross off the right and left numbers and work with a new sequence (2, 6, 4). Use the same strategy: Add the left and right numbers (2 + 4 = 6), so now you bet $6.
If your bet loses, don’t cross anything off. Add the number of your bet to the end of your sequence (6, 2, 6, 4, 2, and now 8) and add up the left and right numbers (6 + 8 = 14) for your new bet of $14.