The Fibonacci Betting System is a negative progression betting strategy, that can be used literally at any casino game, including blackjack, roulette, baccarat, craps, and also for making even money wagers in sports betting.
What Is The Fibonacci Betting System?
The Fibonacci system is a negative progression betting system designed by Leonardo Pisano. It works so that with every losing bet you must increase your stake. The idea of this is that you are more likely to win larger amounts on winning bets in comparison to the money you lose.
Following the sequence allows you to take a more calculated, emotionless approach to your betting; which in turn cuts out the mistakes of betting on a whim.
A background to the Fibonacci Betting System
The Fibonacci sequence was named after the Italian mathematician Leonardo Pisano, also known as Leonardo of Pisa and Fibonacci, hence the name of the sequence. The sequence was first published in his book Liber Abaci, or in English The Book of Calculations, published as far back as 1202. However, the origins of the sequence have been said to appear in Sanskrit in Indian mathematics around 200BC.
The Fibonacci sequence not only appears in mathematics very often but also in nature. Rabbits multiply in Fibonacci sequence; the patterns in tree branches and flower petals also adhere to the Fibonacci sequence, and Leonardo Da Vinci’s The Vitruvian Man is also based on the Fibonacci sequence. Now the Fibonacci sequence is used by casino players the world over in order to make winnings on their favorite games.
How the Fibonacci Betting System works
Although it’s not the simplest betting system you will find, you don’t have to be a genius in order to learn the rules and use it when you play. It seems counterintuitive to keep betting when you have just lost money, but the idea behind it is that as you keep wagering larger amounts despite a loss, you will eventually win back your last two losing bets, not the total sum of your losses like if you were to use the Martingale betting system.
You have to memorize or write down the Fibonacci sequence – a series of numbers that you need to know when you play. You also need to know the steps to take as you move through the sequence.
Fibonacci Betting System Sequence
The sequence works in a cumulative fashion, in that each number in the sequence is the sum of the two previous numbers in the sequence. Each number in the sequence represents a betting unit. In simple numbers, this is what the sequence would look like:
When you use this sequence at one of the fantastic online casinos found in our top list the numbers will be your betting units. This is what the sequence would look like if you have a single betting unit of $20:
$20, $20, $40, $60, $100, $160, $260, $420, $680, $1100, $1780, $2880, etc.
Fibonacci Betting System Steps
The first thing you have to do is choose an online casino from our toplist – we have many great ones to choose from. If you don’t have an account yet then sign up, and you will be eligible for some generous sign up online casino bonuses as well. Put some money into your online casino account using your online casino payment method of choice, and then pick your favorite online casino game that has even money bets.
Now you are all set up, you are ready to start using the Fibonacci betting system. Before starting to play you need to pick a singular betting unit you want to use the betting system with. In order to determine your first betting unit you need to have a good grasp of your budget and your financial limitations. It’s always best to start with a lower single betting unit such as $10 or $20 as there is greater potential for losses when you play using a negative progression betting system. You should also pre-determine the maximum amount you are willing to lose, and then be strict with yourself and stop playing if you lose that maximum amount.
Once you have placed a wager, whether you go up or down the sequence depends upon whether you lose or win your wager. You move up the sequence when you lose a bet, if you lose the next bet then you move up the sequence again and bet the next amount of money in the sequence. This continues for every single loss you incur as you play. You are always increasing the amount of the wager according to the pre-determined sequence with every single lost bet.
If you win one of the wagers, you have to move down two numbers in the sequence. If you were at 5 betting units in the sequence and you won the bet, you would move down two spots in the sequence to 2 betting units for your next wager. You do this step every single time you win a bet, regardless of where you are in the sequence. If you are still at the beginning of the sequence and you don’t have two spots in the sequence to move down, simply go back to the beginning of the Fibonacci betting sequence and start again.
Advantages and Disadvantages of the Fibonacci Betting System
There are both pros and cons to playing with this system. Like with all betting systems, it will depend on what you want to achieve out of the game, how you want to play, and also what kind of bankroll you’re working with.
Advantages of the Fibonacci Betting System
From the outset, it may look like a losing scenario for players, however, there are some advantages to using this method:
Simple to follow
It’s a relatively simple sequence to follow, without having to take notes and make many mathematical equations. You can write down the sequence with your unique betting unit before you start playing and just follow the sequence.
Consistent small profits
Another benefit to the system is that you will get some small profits every so often if you are not on a long losing streak.
Disadvantages of the Fibonacci Betting System
Make sure you understand what the cons are to this betting system so you know what you’re risking when you use it.
Potential to lose big
The Fibonacci betting system works miraculously if you are playing with an unlimited bankroll and betting limits, as you will eventually win back your losses. However most online casino players have a finite limit in their bank account they can use for gambling, and by using the Fibonacci betting system they could potentially lose all that money and even more before the system starts working in their favor. If you plan on using this sequence it’s good to know in advance that the system is not really set up for you to win back your money if you have limited amounts to bet.
Betting amounts increase as you lose more
If you are on a long losing streak the amounts you will have to bet will go higher, and higher, and higher, and you may have to quit the game before you win back any of your money. If you have short losing streaks followed by wins then you are a bit safer. Walk away before your long losing streak becomes devastating to your bank account, and before you hit the maximum betting allowed and never win back any of your money.
Even though the potential to win big exists, only use this system if you have a high bankroll, are content to risk losing that bankroll, and have enormous self-discipline with knowing when to walk away from the table. You should determine beforehand how much you are willing to lose and be strict with yourself and stop playing if you reach that amount of losses. If you don’t satisfy those conditions it’s best to choose from the many progressive betting systems that are low-risk, and set up for you to lose a lot less.