The Fibonacci System applies mostly to even money wagers made in the casino, for example, it can be used for red/black or odd/even bets on roulette. Other commonly used games for this system are baccarat, craps, blackjack, and even sports betting.
We wouldn’t classify it as simple, but it’s not extremely difficult to learn either. As you can probably tell by its name, the main point of the system is to use the Fibonacci sequence which can also be useful for many other things.
In this article, you will learn additional information about this sequence, as well as an explanation of the Fibonacci System, and an answer to the question if it actually works.
The Fibonacci Sequence
It made its first appearance in Indian mathematics, but it wasn’t known as the Fibonacci sequence back then, but became famous thanks to the Italian Leonardo Pisano who wrote about it in “The Book of Calculations” during the beginning of the 13th century.
Many thought that he was one of the most intelligent mathematicians who ever lived. Another contribution from him is the popularization of the number system among Latin speaking countries. Some of Pisano’s other names were Leonardo of Pisa and Fibonacci.
The Fibonacci Sequence begins with 0 and 1, and the next number is always the sum of the previous two. Here is an example of such sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34…
As you can see, there isn’t a limit so that the system can go on forever. You probably are wondering why these numbers are so special, so we will try to explain it the simplest way possible. The sequence is known as the number system of nature because you can often spot these numbers in the real world. It also plays a huge role in mathematics, and you can see straight away why it’s such a powerful sequence.
Application of the Fibonacci gambling System
This negative progression system can be applied to even casino money bets, so you are supposed to raise the stake each time you lose and lower it if you win. That way you should be able to earn more cash on the winning wagers, and you won’t lose as much on the losing ones.
The Fibonacci System uses the base of the Fibonacci sequence, except for the number zero. First, you need to pick your initial deposit. Let’s say that your base betting unit is going to be 1. Your first wager needs to be of the same value, so this means you have to bet 1.
If you win, the next bet should also be 1. If not, you will have to multiply the betting unit by the next number in the sequence, in this case, the result will still be 1. If you happen to lose your next bet, the next number in the sequence is 2, so your next stake should be the 1×2=2. In case you lose once more, the next stake is going to be 3. You have to keep going and follow the sequence with each loss.
When you win, go back two places in the sequence, for example, if you win after 13 bets, your next stake has to be equal to 5 betting units. If you end up making a profit using the sequence, just start at the beginning of the sequence.
Is the Fibonacci System efficient for Betting ?
While the system can help you make short-term profits, it’s proved to be ineffective when looking for long-term winnings because you need to rely on not having a losing streak. If this happens, there is always the danger of stakes becoming too high for you.
A countermeasure can be going two numbers back if you win and only one up if you lose, but this still doesn’t guarantee that you won’t run out of money.
That is the main reason why we don’t recommend the Fibonacci System, although you shouldn’t disregard it that quickly. If you enjoy using gambling systems and aren’t afraid to take risks, and then you should give it a try and see for yourself if it works for you. Of course, you have to count on getting lucky because you can’t be sure that you will have success with the system.
The key here is to be disciplined and set a betting limit before you start gambling.