Fibonacci Betting System Explained: Fibonacci System Betting Tips Cover

Fibonacci Betting System Explained: Fibonacci System Betting Tips

by Oddspedia Experts
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If you are going to place a bet, ideally, you want to win money from that wager. But the very essence of betting is that you cannot always win. However, there are ways you can improve your chances of making a profit over time. Many bettors employ systems for bankroll management. Such methods include negative progression betting systems and progressive betting systems. This will make more sense when you hear the Fibonacci betting system explained.
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What is the Fibonacci Betting System?

When you first hear about the Fibonacci betting system, it may appear difficult. 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. Many systems apply this principle. However, using the Fibonacci Betting System requires a thorough understanding of several concepts. This guide will break it into 4 simple rules that will help you use this system immediately. 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. However, 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 provide us with 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 get huge.

How to Use the Fibonacci Sequence Formula in Betting

To apply the Fibonacci sequence to betting, we need to establish 4 rules. It is essential to follow these rules and not let emotion sway your decisions.

RULE 1 – Decide Your Base Stake/Unit

If you decide your base unit is $10, then this is the amount we put in the first bet.

RULE 2 – Begin with one unit

Then, depending on whether you win or lose, apply rule 3 or 4.

RULE 3 – If you lose a bet, move one number to the right

Every time you lose a bet, move one number to the right. So if you lose the first two $10 wagers, your third stake would be two betting units, or $20.

RULE 4 – If you win a bet, move two numbers to the left

Every time you win a bet, move two numbers to the left. If you haven't yet progressed two numbers into the sequence, or if you are in profit, start over again.

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 with 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 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 lose 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 want to double your bet or split your hand. This strays away from the even-money principle, so many think it is unsuitable. Other people use a Reverse Fibonacci System and find success that way. But the average Fibonacci System is a sound way to play blackjack.

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Conclusion

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 more extended 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.

Pros vs Cons
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  • 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 lose ten times in a row, you must stake 89 units on the next wager. So it would be best if you had an adequate bankroll in reserve to use this system.;

Fibonacci Betting System FAQ

Who was Fibonacci?

Leonardo Bonacci was an Italian mathematician born around 1170. He is also known as Leonardo of Pisa, Leonardo the Traveller, or Fibonacci. In 1240, he completed a book called The Liber Abaci, containing a problem based on a population of rabbits. It demonstrated the Fibonacci sequence.

🏆 Does the Fibonacci System Work?

The Fibonacci system does work in the sense that it helps you manage your entire bankroll. However, it does not increase your chance of winning a particular wager. Each bet is independent of the last, so you could be incredibly unlucky and keep losing.

💶 Is the Fibonacci strategy legal?

Since the Fibonacci system does not affect the outcome of the game or involve counting cards, it is 100% legal. It is simply a way to manage your bankroll and usually ensures a profit over time.

💳 Is the Fibonacci system allowed in bookmakers?

You can use the Fibonacci system at any top bookmaker you like as it is just a way to calculate bet size. But remember, it is best used in games that offer a 50% chance of winning, so choose your games wisely.

🤔 Is the Fibonacci betting system a safe method?

The Fibonacci Betting System is safe and fun to use. But it only pays a small profit over time. And you may have to place large bets if you are unlucky. So it is safe if you have an adequate bankroll, but no gambling system is 100% guaranteed.

Can I bet on football with the Fibonacci sequence formula?

Many people use the Fibonacci Betting System in sports such as football. But remember that you should be betting on a situation with a 50% winning probability. For example, that might be betting on a game ending in a draw.
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This article was written by our team of betting experts, any contributing references are noted below.
Last updated 03/11/2023
References
  1. Wikipedia contributors. (2022, January 14). Roulette. Wikipedia. https://en.wikipedia.org/wiki/Roulette
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