The Labouchere system, also called the cancellation system, begins with a written list of numbers. The list represents a chosen profit target. A player bets the sum of its first and last values on a 1:1 roulette outcome, removes those values after a win, and adds the lost stake to the end after a loss.

Clearing the list completes the target, provided every required wager can be placed. The list can lengthen and the stakes can grow before that happens. This guide follows a complete example, explains the one-third win-rate claim, and shows how bankroll, table limits, zero, and wheel type affect the result.