Fibonacci Betting System
The Fibonacci betting system is a versatile strategy that can be used in a wide range of casino games, such as blackjack, baccarat, roulette, and craps.
. Like the popular Martingale, Labouchere, and D’Alembert, the Fibonacci is a negative progression betting strategy, meaning players must increase their stakes following a losing wager. The Fibonacci is based on the Fibonacci Sequence of numbers, a string of numbers invented by world-famous mathematician Leonardo Pisano Bigollo.
What Is the Fibonacci Betting System?
Although the Fibonacci betting system is not the easiest to learn, you also don’t have to be a genius to figure it out. In the Fibonacci Sequence, every new number equals the sum of the two previous numbers. This sequence starts with a 1 and has no stopping point, meaning it can go on forever. The Fibonacci is considered a fairly low risk system.
What some people believe makes the approach effective is that players are expected to win a larger amount on the winning stakes compared to the money they could potentially lose. While players can start with any size wager, it is recommended to use a betting unit of $/£/€1 to keep things simple. If the player bets and wins, the stake remains the same. If the player loses, the next stake amount in the number sequence is bet.
You may be wondering if the Fibonacci betting system actually improves your chances of winning on a casino table game. The short answer is no. The betting strategy does not improve your chances of winning as the odds remain the same. Instead, like all betting systems the Fibonacci is used as a staking plan. No matter what strategy you use, the house always has the edge. However, you can achieve short-term success and even walk away with a profit if you realize the best time to stop playing.
Fibonacci Betting System: Step-by-Step
Most players use the Fibonacci betting system when placing even money bets. Craps players may choose to use it on the pass or don’t pass wagers, and roulette players may use it on outside bets, such as odd or even or red or black. However, before jumping into the game consider how much you want to stake per unit. This should be based on how much money you have to gamble on. Ideally, you want to place your wager at a stake that’s about 2% of your total balance. Do not stake higher than 5%.
As each number in the Fibonacci Sequence equals the two numbers that came previously, a basic sequence would look like this:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55... and so on.
Let’s say you chose a stake of $/£/€5. Your sequence would look like this:
$/£/€5, $/£/€5, $/£/€10, $/£/€15, $/£/€25, $/£/€40, $/£/€65, $/£/€105… and so on.
Here’s an example of how the Fibonacci betting system works:
Start by betting a single unit on your first wager in each cycle. If you decided to stake $/£/€5 per unit, your first wager would be for $/£/€5.
You bet $/£/€5 and lose.
You bet $/£/€5 and lose.
You bet $/£/€10 and lose.
You bet $/£/€15 and lose.
You bet $/£/€25 and win.
You bet $/£/€10 (because you go back two steps in the sequence) and win again.
You bet $/£/€5 and lose.
This is an example of how a Fibonacci betting system sequence can work. Of course, this can change depending on how much you bet per unit. To use this system, write down the sequence using your chosen stake amount until you’ve reached the total amount that you are willing to wager.
Benefits and Limitations of Fibonacci
The overall effectiveness of the Fibonacci approach is based on how long a player’s losing streak is. If a player loses too many times in a row, it can be difficult to reverse the losses before the player runs out of money. If a player does manage to make a profit from using this method, they can stop at any point and start the sequence from the beginning again.
The Fibonacci betting system can be effective as it’s easy to memorize and you don’t need to be a math wiz to add two numbers together. Another major advantage of this strategy is that the bet does not progress as quickly as other systems like the Martingale, meaning it’s less aggressive.
Of course, the betting system certainly has some drawbacks to consider. One of the biggest problems with the Fibonacci is that a large amount of money could easily be lost if the player is on a losing streak and experiences several consecutive losses. Like most betting systems, there is certainly a point of no return where no matter how much you stick to the sequence, you are not going to recoup your losses.
The Fibonacci betting system can be useful if you’re looking to achieve short-term results. However, unless your bankroll is unlimited, there is a chance of suffering multiple losses and losing all of your money in a single session. It’s important to be aware of this risk before you get started.
Using the Fibonacci Betting System
Just like any betting system, it’s important to be patient when using the Fibonacci and to start with a sufficient bankroll that will cover larger losses. However, like most betting strategies the Fibonacci is flawed and usually only works the way it’s supposed to under perfect circumstances. While this doesn’t mean you shouldn’t try it, you should be cautious and know when to walk away.