The Fibonacci sequence is a set of gradually increasing integers, each equal to the sum of the two preceding numbers. Invented in the 13th century, this negative progression finds its application in various spheres, including betting.
How can you use the Fibonacci system to gain profits at sportsbooks? We’ll take a look at the Fibonacci betting strategy and how to Implement it for successful bets.
What is a Fibonacci system and what does it mean in gambling?
The Fibonacci betting system refers to a negative progression method in which bettors gradually increase the stake after each losing bet.
Fibonacci discovered the amazing features of the number sequence, which had numerous instances in nature, art, and music. For example, the arrangement of tree branches and flowering plants follows the Fibonacci numeric pattern.
In the modern era, gamblers discovered another use of the sequence, namely, as a betting strategy.
Which games does it work best with? The concept applies to casino games, which have odds of 50/50 and can also be effective in sports.
How do the Fibonacci bets work?
Although the Fibonacci betting system may seem complicated at the beginning, it becomes more straightforward as you master the basics. Knowing that the Fibonacci sequence looks like this – 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, start by following four essential rules:
- Identify your base stake. If you establish your base unit as $10, it becomes the size of your first bet.
- Start with one unit. Based on the result, proceed to rule 3 or 4.
- If you lose the bet, move one number to the right. Repeat this procedure after every loss. Thus, if you lose the first two $10 bets, make your third wager $20, i.e. two betting units.
- If your stake wins, move two numbers to the left, correspondingly. Repeat the same after each winning situation. In the modified Fibonacci system, the bettor returns to the initial bet size after a win. Regardless of the sequence’s progression, a win resets the betting sequence back to the starting point. For example, if the sequence is 1, 1, 2, 3, 5, 8, 13, and the bettor wins after betting 13 units, they would return to betting 1 unit on the next wager.
Pros and cons of Fibonacci betting
It’s no surprise that any betting strategy comes with its advantages and drawbacks, and so does the Fibonacci system.
The Fibonacci system pros
- The essence of the Fibonacci betting sequence lies in the fact that regardless of the number of consecutive losses, as long as the players have the funds to make another bet, they will eventually reimburse their expenditures.
- The method is rather simple and doesn’t require much analytics. Players can win by placing many small bets over a longer time.
The Fibonacci system cons
- Similar to all negative progression betting strategies, Fibonacci betting poses the risk of losing all your funds on a single losing streak.
- A series of failed stakes can lead to a lack of funds to cover the next wager.
Final thoughts on Fibonacci method
Although the Fibonacci system was conceived to help gamblers regain their losses, its success depends on the player’s skills and funds.
The strategy’s simplicity and guaranteed profits in the long run make it appealing to bettors. However, the users should take care of the right odds and the balance between their stake size and bankroll.
