The reverse twist method is obviously the best solution BUT it's an absolute bugger to teach to your bandmates at 1am after three hours on stage, and they really don't want to know, and are you really going to stand there (hands on hips) supervising their coiling skills?
Keep It Simple, Stupid.
Using the standard rope-coiling method is a great deal easier, and the fact that the cable then wants to spiral outwards when released is easily dealt with by tossing the free end of the cable away from you and allowing it to de-spiral.