The Fibonacci system is one of the most popular negative progression betting systems out there. As with all negative systems, players are required to increase their bets every time they lose a bet. This means that players are very likely to be making big bets after losing streaks. While the Fibonacci betting system is not the easiest negative progression system to understand, it is not that difficult to implement. Players just need to understand a few hard-set rules when adjusting their bet size and they’ll be good to go.
If you are looking to find out more about using the Fibonacci betting system, make sure to stay on this page. In our guide below, we have outlined all players need to know about the famed betting system, including what it is, how it works and the advantages and disadvantages associated with it. We also list the best online gambling sites to test the Fibonacci betting system out at. So, read on and find out more about one of the most popular gambling systems in the United States.
Fibonacci Betting System Guide Contents
- Test Out the Fibonacci Betting System Here
- What is the Fibonacci Betting System?
- How Does the Fibonacci Betting System Work?
- Advantages of the Fibonacci Betting System
- Disadvantages of the Fibonacci Betting System
The Fibonacci betting system is based on the Fibonacci sequence, which started gaining widespread popularity after the 13th century despite being available long before that. The system is named after the Italian mathematician Leonardo Pisano, who was also known as Leonardo of Pisa or Fibonacci. It has since been turned into an online casino betting system.
The sequence essentially starts at 0 and then increase to one thereafter. Following that, the next number becomes the sum of the two previous numbers and can continue infinitely. The first 10 numbers of the sequence are as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34. Just think of it all as being back in school and trying to remember your times tables.
The sequence of numbers is actually very famous for a number of reasons, such as appearing in a number of biological settings, including branching trees or the fruit spouts of a pineapple, but we won’t get into that here. (We do implore you to look it up though as it is actually rather quite interesting.)
Many players like to use the Fibonacci betting system when their strategy is to focus on even money bets in games such as roulette, craps or even while placing sports bets. We have a three-step process for gamblers that are looking to try out the system.
We suggest that players set a limit for how high they are going to increase their bet amount before starting the process again. As per usual, we suggest that players never increase their bet size to larger than 10% at a time.
As for the process, we have outlined it down below:
- Begin the Sequence by Betting One Unit – as a player can’t start the system by betting nothing, they will have to start with betting a single unit. Players determine the value of a unit. So, for example, if a unit is US$10, two units would be US$20 and so on.
- Go Down the Sequence When You Lose – when you start to drop games, you begin increasing your betting units. So, taking the unit amount set above as an example, players would start the bet with US$10, the second would be US$10, and the third would be US$20 provided that the losing streak continues.
- Go Up the Sequence as You Win – when you start to win games, you decrease the units you bet based descending the Fibonacci sequence. So, if your losing streak stops at three, your next bet would need to be US$10.
Although we generally advise against using the Fibonacci betting system, there are a few advantages associated with using this strategy that players should have a look at:
- Easy to Follow – the Fibonacci betting system is relatively easy to follow. Players don’t really need to sit there making equations while you play. It is possible to calculate the sequence before you even begin playing a game.
- Steady Flow of Winnings – if players hit a winning streak, they are guaranteed a steady follow of small profits when their gaming session comes to an end. That is provided they don’t go on a losing streak before they end it.
There are some big disadvantages associated with using the Fibonacci betting system. Some to really consider before dedicating yourself to this strategy include the following:
- You Could Lose Big – the Fibonacci betting system is really only a worthwhile betting system to look at if you have a large bankroll with large limits you are not afraid to lose. The problem is that most players don’t have such a bankroll. Most players who use this strategy find themselves losing their entire bankroll in a matter of a few bets. Although one bet could get you back at your starting position, you are more likely to lose it all before you win it all back.
- Bet Size Increases with Each Loss – if your losing streak extends a few games, you could be making absolutely massive bets to try and recoup your losses in no time. Even though you could win big with a single bet, you are setting up all the conditions needed for a big loss too.