Fibonacci Betting System Explained: Fibonacci System Betting Tips
What is the Fibonacci Betting System?
When you first hear about the Fibonacci betting system, it may appear complicated. But as with any negative progression betting system, a little practice will show you how easy it is to use.
The idea of the Fibonacci Betting System is that you will increase your bet size whenever you lose a wager.
By doing this, you hope to make back the money you just lost. And that is where the negative progression title comes from. We increase our stake size whenever we have a negative result. There are many systems that apply this principle. But using the Fibonacci Betting System requires a thorough understanding of a few concepts. This guide will break it into 4 simple rules that will help you use this system right away. But, as with any betting system, make sure you understand the pros and cons of using it.
History of the Fibonacci Sequence
The Fibonacci sequence is named after an Italian mathematician called Fibonacci. He introduced the sequence to the West at the start of the 13th century. But evidence suggests that Indian mathematics described it as early as 200 BC. This sequence of numbers appears unexpectedly in mathematics and nature. You can find this sequence in the branching of a tree or the arrangement of its leaves. If you examine a pineapple or a pine cone, you will see the Fibonacci sequence in action. Many famous architects also use this sequence to design buildings and window dimensions.
How the Fibonacci Sequence Works
The Fibonacci sequence is a sequence of numbers that begins with 0 and 1. Each new number derives from the two numbers preceding it. So the third number in the sequence will be 0 + 1, giving us 1. The fourth number will be 1 + 1, to give us 2, and so on. Following this principle, the first ten numbers in the sequence are 0, 1, 1, 2, 3, 5, 8, 13, 21, and 34. And the sequence continues like this. As you progress in the Fibonacci sequence, the numbers begin to get very large.
How to Use the Fibonacci Sequence Formula in Betting
Example of The Fibonacci Sequence Formula when Applied to Sports Betting
Now that we have the Fibonacci betting system explained, we need to know the right time to use it. You should apply the strategy on bets where you have a 50% chance of winning or losing. In simple terms, we are looking for games that mimic the toss of a coin. Many bettors use the strategy at the baccarat table or when playing roulette. But with sports betting, it can be a little harder to find 50/50 odds. So the key to using the system is to find a wager that gets you closest to the 50% threshold, such as a draw in football or markets with only two outcomes where the odds are close to 50/50.
Other Uses of The Fibonacci Sequence Formula
The Fibonacci sequence has many uses. It is best reserved for use in instances when there is a 50/50 chance. For this reason, people regularly use the system when playing table casino games.
Fibonacci System for Roulette
Since we are looking for even-money bets, roulette is a great place to use the Fibonacci betting strategy. You can bet on odd/even, black/red, and 1-18/19-36. All of these bets have a 50% chance of winning. Note that it is not a good idea to use the system for inside bets. These bets do not fall in the category of even-money bets, and you will end up losing over time.
Fibonacci System for Blackjack
You can use the Fibonacci system at the blackjack table too, but it does violate the rules slightly. The issue with blackjack is that sometimes you will want to double your bet or split your hand. This strays away from the even-money principle, so many people think it is not suitable to use. Other people use a Reverse Fibonacci System and find success that way. But the normal Fibonacci System is actually a sound way to play blackjack.
Using the Fibonacci Betting System is a different way to approach sports betting. It helps you manage your bankroll and can allow you to stay at a game for a longer period than simply betting randomly. Applying the system is easy, and you will be comfortable using it after a few minutes of practice. The only downside is that it is a progressive betting system, so your bet size can increase quickly. But as long as you can keep increasing your stake accordingly in the game, you will recover over time. However, the process is slow as you will only win a small number of units each session. But if you wish to spend a long time at the craps table, for instance, this is a great system to use. But remember, as with other progressive betting systems you need a big enough bankroll to cover a series of losing bets.
- As with other negative progression systems, it is an easy system to follow and does not require a lot of concentration to use.;
- As long as you have a big enough bankroll, you will eventually win back your losses.;
- But as with any negative progression system, there are also some disadvantages. If you are unlucky and happen to lose ten times in a row, you will need to stake 89 units on the next wager. So you need an adequate bankroll in reserve to use this system.;
Fibonacci Betting System FAQ
❔ Who was Fibonacci?
🏆 Does the Fibonacci System Work?
💶 Is the Fibonacci strategy legal?
💳 Is the Fibonacci system allowed in bookmakers?
🤔 Is the Fibonacci betting system a safe method?
❔ Can I bet on football with the Fibonacci sequence formula?
- Wikipedia contributors. (2022, January 14). Roulette. Wikipedia. https://en.wikipedia.org/wiki/Roulette
- P. (2022). What is the Fibonacci betting system? Pinnacle. https://www.pinnacle.com/en/betting-articles/Betting-Strategy/what-is-the-fibonacci-betting-system/47LJRM4KLKLUZXKX