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Often a player who enjoys placing the occasional bet or two will have their own betting system that they will adhere and rigidly stick to in the hopes that it will, one day, bring them a big return. Of course, there are no guaranteed winning systems that exist, betting and casino games are games of chance, so whilst Mr Joe Bloggs may swear by his ‘tried and tested’ system of placing a set patten on the roulette table, any winnings made are purely by luck rather than any kind of skill.

Whilst many players prefer to rely on their own systems, there are a number of tried and tested betting systems used by punters worldwide today that may, or may not, improve your odds of winning, one such system being the Fibonacci.

Leonardo Pisano

(c. 1175 – c. 1250)

Named after the Italian mathematician Leonardo Pisano, also known as Leonardo of Pisa and Fibonacci, the first officially documented Fibonacci sequence can be dated back to 1202 when it was originally published in his book “Liber Abaci”, the English translation being “The Book of Calculations”. However, there is a case that that the origins of the sequence are much older than this with findings that appear to support this theory written in old Indian Sanskrit mathematics dating much farther back to around 200BC.

The Fibonacci betting system explained

In simple terms, in order for the Fibonacci betting system to work, players must keep placing bets even when they lose, the idea being that they will eventually win back their last two losing bets. This differs from other betting systems such as the Martingale Strategy that is aimed at winning back total loses although it also has a much higher risk associated with it as a result.

Players must first either write down or learn the Fibonacci sequence, a series of numbers that they must know before they play and then also know the progressive steps to take as they play through this sequence.

The Fibonacci Sequence

You may have come across the Fibonacci sequence before without knowing it had a name as it is often used in simple maths problems and puzzles.

The sequence works cumulatively with each number in the sequence being the sum of the previous two:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144

1+0=1, 1+1=2, 1+2=3, 2+3=5, 3+5=8 and so on.

In betting terms, each of these numbers represents a unit and will be dependent on whatever base unit a players decides to start with. For example a Fibonacci sequence starting with £5 would have a betting sequence of:

5, 5, 10, 15, 25, 40, 65, 105, 170, 275, etc

Playing with the Fibonacci Sequence

Applying the Fibonacci sequence as a betting system is relatively straight forward. Firstly a player must choose the lowest betting unit they wish to use, bearing in mind any budget limitations. Most players will go for a small amount initially, usually up to around £20 and use this to work out the rest of the Fibonacci sequence, this will be the base amount when betting.

Once the intial wager has been place, if they are unlucky and lose they then move one number up the sequence and place that amount as the bet, lose again and the next number is used and so on. However, if they win a round, they then move down two numbers in the sequence and use that as their bet. If they win and are already at the beginning of the sequence then they simply continue placing the original bet.

For example, as above using £5 as our original unit, giving a Fibonacci sequence of:

5, 5, 10, 15, 25, 40, 65, 105, 170, 275, etc

The first bet placed will be £5:

• Bet £5 (one unit) and lose

• Bet £5 (one unit) and lose

• Bet £10 (two units) and lose

• Bet £15 (three units) and win

• Bet £5 (one unit) and win

• Bet £5 (one unit) and lose

• Bet £10 (two units) and lose

• Bet £15 (three units) and lose

• Bet £25 (five units) and lose

• Bet £40 (eight units) and win

• Bet £15 (three units) and lose

• Bet £25 (five units) and win

The above sequence is typical of how a playing session using the Fibonacci betting system may go and is dependent on luck and the original betting unit used. The player continues to play until they decide to stop wagering or are particularly unlucky and lose all of their budget.

To Fibonacci or not to Fibonacci?

Like any betting system the Fibonacci sequence has its pros and cons and, of course, cannot guarantee to make you a winner.

The advantages of the Fibonacci Betting System

1. Relatively easy to implement
Using the Fibonacci sequence is relatively straight-forward and once a player has their initial wager (unit) set and written the sequence down, taking the necessary steps to play the system is a simple process that does not require the player to make extra notes or remember any complicated mathematical formulas.

2. Keep the winnings ticking over
Unless a player is particularly unlucky, which no amount of betting systems can help, the Fibonacci betting system should see them winning a little, often which helps improve the betting budget and can also give some much needed encouragement to keep playing. Everyone loves a winner!

The disadvantages of the Fibonacci Betting Sysytem

1. Table limits and losing streaks

Any betting system is reliant on luck, if a player keeps losing then no system in the world is going to help and the Fibonacci sequence is no exception. Hit a losing streak and a player may never recover their loses, with a real risk of reaching the table limit before they win. With most casinos setting table limits to combat betting systems this can become a real risk for those who hit a losing streak.

2. Requires deep pockets

In order to implement the Fibonacci betting system and assuming the table limits are set high enough, players will need a sizeable budget to cover any unlucky runs as the amount wagered increased everytime they lose. If they have not budgeted appropriately, a player on a losing streak can quickly find themselves running out of funds before things turn in their favour.

The Fibonacci Betting System verdict

Whilst the Fibonacci betting system is never going to guarantee a win, no betting system in the world can claim this, it can help players win a little, often. No player is ever going to win big using the Fibonacci and if they hit a losing streak they may need deep pockets or hope they don’t reach the table limits.

If you are looking for a fun way to wager both online or offline, the Fibonacci sequence is a good option. With the odds always in the house favour, wagering with any betting system is always a gamble, just remember to go into any gaming session prepared to lose your budget and know when to quit.

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