On this page we will talk about the Fibonacci method applied to betting (or Fibonacci bets or betting system with Fibonacci progression), one of the most popular betting methods among expert bettors. As easily imaginable, the name of this system takes its cue from the great mathematician Leonardo Fibonacci and his golden (or harmonic) succession.
In relation to the world of gambling it is a negative progression betting system. Later we will explain what it means and the effectiveness of this system. Before starting, let's see which are the top bookmakers chosen by Betting Trends now where to apply the Fibonacci betting method:
Table of Contents
In our guide on the Fibonacci method applied to betting, we will see how it works, what the rules of this betting system are, and when to apply it, so as to develop your own personal gaming strategy based on the martingale method.
This system involves following the following numeric progression: 1-2-3-5-8-13-21-34. When a bet is lost, the next number in the progression is skipped and the indicated amount is wagered. When a bet is won, two steps back are taken in the progression as in the following example:
In the following table, we have developed a possible betting system based on the Fibonacci progression:
|Bet (units)||Quote||I hesitate||Total Earnings|
We will continue until we reach 34 betting units in case we encounter 8 consecutive losses: this is the moment when we will end our progression and go back to point 1. It is up to each player to set a limit on their gains and losses.
The Fibonacci progression is very suitable for betting on favorite teams, as it becomes unlikely to lose 8 consecutive bets on favorites. We'll then see some of the most commonly used Fibonacci method variations.
We have seen in summary how the Fibonacci betting system works. But what exactly is this method? As mentioned, the Fibonacci sequence is a mathematical sequence that involves a series of numbers in which each number is the sum of the two preceding numbers.
Starting from number 1, the Fibonacci sequence proceeds as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, ..., etc. This progression is used daily in all sectors of life. And so it is also in gambling. For a long time, the Fibonacci system has accompanied bets at casino tables, especially roulette, blackjack and dice, and more recently it has also reached the world of online sports betting sites.
We have already said that the Fibonacci system is a negative progression system, which means that the bet amount should be increased every time a loss is recorded, and reduced in case of a win, similar to other betting systems such as the martingale system where the stake is doubled every time a loss is incurred.
In the Fibonacci system, the increment is based on the Fibonacci sequence. As we have seen, the first number in the Fibonacci sequence is 0, but it is not possible to bet 0CAD, so the first number is ignored. The Fibonacci system therefore provides that the first bet has a unit value of 1, but it is possible to multiply 1 by the desired amount and recalculate the sequence accordingly.
Once you have set your unit amount, which for simplicity in our above example is 1CAD, in case of a win, the bet will remain constant, but in case of a loss, the stake must be increased. In the Fibonacci sequence, the second and third numbers of the sequence coincide because the unit amount is first added with 0 and then with itself. In the Fibonacci betting system, the stake of the last two plays will be added together, assuming you have bet 1CAD. In case of a loss, you will bet 2CAD, then 3CAD, then 5CAD, and so on, until a win is recorded.
When a win is recorded, the losing streak is interrupted and the player can stop increasing their bet, and go back two numbers in the numerical sequence. If consecutive losses have been at most 2, the player will go back to a unitary bet, otherwise, they will go back two bets. Assuming a losing sequence of five bets, the increase will have been 1, 2, 3, 5, 8, 13, and going back two, the new bet will be CAD5 and they will have to continue betting CAD5 until the winning streak is interrupted, and in case of a loss, resume the increase from where they left off, then bet 8, 13, 21.
Like all betting systems, the Fibonacci also has some variations that concern the winning scenario. We have seen that in the Fibonacci system when you lose, the stake must be increased, and the increase is determined by the natural Fibonacci sequence.
In the classical Fibonacci system, in case of a win, the player takes two steps back in the sequence and continues to bet a constant amount that is incremented relative to the original bet, but reduced compared to the increment of the sequence in case of a loss.
For some variations, when the losing sequence is interrupted, the stake returns to being the unitary one, assuming that we lost four times in a row and won on the fifth play, our bets would have been 1, 2, 3, 5, 8, and after winning by betting 8CAD, in the classic system we would have had to start betting 3CAD again, while in this variation we would bet 1CAD again, and continue to bet 1CAD until a new losing sequence begins. Another of the many variations of this system is to only move back one step in the progression when you win (and not two). This will give you more opportunities to achieve greater profits.
One of the most appreciated features of this betting system is that it actually works at any point in the game, as it never deviates from the original Fibonacci formula. Each number in the sequence amounts to the sum of the two preceding numbers in the line, and that's all. Among the main cons, we cannot fail to mention that, like in all systems, in case of a negative streak, one could lose a large amount of money.
In the world of sports betting, odds are an extremely important element, because they represent the multiplier with which you are paid in case of victory, and in some betting systems, odds play a fundamental role.
In the martingale system, for example, you always have to bet on events with odds of at least 1:2.00. In the Fibonacci system, however, thanks to its particular progression system, it's possible to bet on drawn events and register a win that consists of the bet amount plus a percentage.
The Fibonacci system is therefore very suitable for low odds bets, particularly safe ones, in which profits are low but risks are minimized.
We have already seen some of the variations to the Fibonacci system. However, we must open a separate paragraph on draws in the Fibonacci sequence. What are they? It is a matter of applying this sequence only to draws. So, we will select a match each time with a good probability of ending in a draw with odds above 3 and, here, we will apply our numerical progression 1,1,2,3,5,8,13,21,34,55,89,144.
The Fibonacci system is widely used in sports betting as well as in casino games such as blackjack, roulette, baccarat, and craps, precisely because it is immediate and easy to remember (although less popular than other systems such as the Martingale or the system with error).
Before reading some tips on how to make the most of the Fibonacci system in different gambling scenarios, let's see which are the best AGCO online casinos where you can apply this method.
When it comes to using a system while playing blackjack, the Fibonacci progression is one of the most commonly used, because it is very straightforward and relatively simple. In blackjack, you start with a bet of 1 unit, which represents the first number in the Fibonacci sequence. The next number in the Fibonacci sequence is usually the next bet if the player is losing.
Since the Fibonacci betting system is less aggressive compared to other methods, it is one of the most popular when it comes to playing roulette. The system is designed to increase the bet when losing and reduce it when winning.
Using the Fibonacci system when playing roulette is no different than when using it for any other casino game. The sequence is created by adding the previous two numbers to form the next one. Since the system is a negative progression, the player must increase their bet as they lose and decrease it when they win. When a win occurs, the player must start the sequence again.
The Fibonacci betting method is no different from the system used in other casino games even when playing baccarat. The fundamental principle of the system remains the same. In other words, players must increase their bets while losing their stakes, and decrease them while winning.
When a win occurs, the player must start over, which is exactly why the Fibonacci system is considered unprofitable. Once again, the chances of winning or generating a higher win do not increase using this betting system, but the Fibonacci method is very popular among baccarat players, especially when casino games have tie bets.
Since dice are considered a game of chance, it is difficult for there to be a strategy that can help players during the game to bring the odds in their favor. The negative Fibonacci betting system is no different, but it is still used in dice games. It can also be very profitable if the player is clever enough to maintain it and not change it during the game.
The Fibonacci betting system was primarily designed for betting, but as seen, it can also be applied in online casino settings. In the former case, this method is supposed to help you recover your losses using a formula that involves doubling your bets.
Although it is a feasible strategy to have assistance in choosing the amount of the bet, the winnings or losses ultimately depend on the odds and the sporting events on which one bets.
The Fibonacci system is a numerical progression used by gamblers to manage their gaming budget. It is based on a sequence named after the mathematician Fibonacci, where the next number is the sum of the two previous numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 and so on.
The Fibonacci numerical sequence, in which the next number is given by the sum of the two previous numbers, indicates which stake we should bet on the next bet: we move on to the next number if we lose and go back two numbers if we win.
This gaming system presents several advantages, among which the main ones are represented by its ease of use and the prudence that almost never exposes to the risk of large losses.