Labouchere staking plan is based on a series of numbers, like 1-2-3-4-5-6. Every bet is product of your Initial Stake and sum of the numbers on the sides. Say, if your Initial Stake is 2 and the series is 1-2-3-4-5-6, then your stake is:
Stake = 2 * (1 + 6) = 14
When you win, delete first and last numbers from the series. The new series will be 2-3-4-5 in this case and the next stake will be: Stake = 2 * (2 + 5) = 14 If you lose, add the sum of first and last numbers in the end of the series: 1-2-3-4-5-6-7. If you win enough times to delete all numbers, you start again with initial series.
Also it’s possible to use Reverse Labouchere plan. In reverse plan you add a new number to the series when you win and delete two numbers when you lose.
You can also specify the Limit – maximum multiplier which can be applied. Use this to protect yourself from infinite increasing in bet sizes.