The Fibonacci Betting System is a betting strategy when it comes to playing at casinos and can be used at any game that has even money wagers available, such as roulette (on red/black), blackjack or craps. It is based around the Fibonacci Sequence of numbers.Play at this years #1 online casino for United States - Slots.LV.
The Fibonacci Sequence is a sequence of numbers that have been studied over the last 2,000 years or so and is integral in many parts of science and computing, as well as being evident in nature. The sequence is follows the rule that the next number is the sum of the previous two numbers. So, if we start the sequence with 1, it would go as follows:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233…
To use this system, we simply see each number in the sequence as the amount of units we are going to bet. The thinking behind it is that every win in the system cancels out the previous two losses.
To start with, you need to choose the game you want to play this on. I’ll use roulette in the examples here, but as I said above, as long as the wager pays even money, you can use the system. Once you’ve done that, you need to decide what casino you want to play at. If you want to use the system playing craps, I’d recommend trying out Tower Casino. If you want to try it on blackjack, download Intercasino’s software. And for roulette, River Belle Casino is great. If you’re in the US and you want to try it out, head on over to Bodog or Slotastic Casino.
So, we’ve got our game chosen, we’ve got the software downloaded and we’ve got our great bonus for signing up and depositing (and the sign-up bonus at Slotastic Casino really is worth it!). Now what we need is a pen and a piece of paper. Write down the sequence as far as you’re happy go up to with your bankroll. Remember, it’s important that you bet within your limits when using a system. So decide how much you’re willing to lose when using the system before you begin.
I’ll use the system up until 21 units for this example. So, if I lose my bet of 21 units, I’ll call it a day.
I’ll bet on black at the roulette table. My first bet is 1 unit. I’ll keep betting 1 unit until I lose. Once I lose, I bet 1 unit again. If that bet loses, then I move up the sequence to betting 2 units. If I lose that bet, I move up to 3 units. And if each bet loses, I keep moving up the ladder until I hit my limit (in this case, the 21 unit bet).
However, if any of my bets win, I move down two steps on the sequence. If I am on the bet of 5 units and it wins, I move back to 2 units. If this wins, I move back to 1. If your second bet (1 unit) wins, you simply move back one spot, back to the start.
The problem with this system is that the amount you bet starts to get a bit out of control after a run of losses. However, if you bet within your means, it’s a fun system to use. It might seem like the Martingale System, and to an extent, it is. However, the amount you wager doesn’t climb as quickly as the Martingale. For example, a run of 5 loses using Fibonacci would mean 8 units on your next bet, whilst using Martingale would be a bet of 32 units. So you definitely get more bang for your buck using Fibonacci.
Personally, I quite like the Fibonacci System when compared to systems like Martingale or d’Alembert, but it’s still not something I would recommend to anyone for anything more than a bit of fun. The only reason it’s better than these systems is that it’s less aggressive to your bankroll and the amounts you’re betting don’t spiral out of control as quickly. You won’t break the bank using the Fibonacci Betting System and you could end up losing a considerable amount if you go on a cold run. However, if you’re using it for fun, I would recommend it over the others I mentioned before. Just remember to always set a limit on how much you’re willing to lose and how much you’re wanting to win. Remember that it’s important to know when to walk away when you’re winning, as well. It’s no good using this system, making a nice profit and then blowing it all!
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Additional Fibonacci Betting System Questions:
Why Isn’t The Fibonacci Betting System Good?
Well, simply put, you’re going to lose money. If you go on a losing run, you might run out of money, or hit your limit before you even get a chance to claw any of it back. A losing run of 6 bets means you’ve already lost 20 units and your next bet is going to cost you 13 more, with only a 50% (well, just under that) chance of winning. Even if that bet and the next bet wins, you’re still making a loss. You actually need 3 winning bets just to break even. Now imagine that run was even worse, or you have a sequence where you win a few, but lose more: you could theoretically be betting 377 units and be in the hole for 609 units. And don’t think it can’t happen, I think we’ve all seen sick runs where it would come up red 10 spins or more in a row, or a cold deck in blackjack. It can happen and it will happen and using this system isn’t going to help matters, especially as your aim is only to win 1 unit at a time!
Do Casinos Let You Use The Fibonacci Betting System?
Oh, definitely. First off, online casinos won’t be any the wiser if you use the Fibonacci system. Their software couldn’t care if you were using a betting system. In fact, I’m surprised casinos don’t tell you about betting systems when you sign up! And if you’re playing live, it won’t be a problem if you want to use it. Casinos are more than happy to let you use any betting system you want and they are definitely not scared of the Fibonacci Betting System!
The answer to the question What Is The Fibonacci Betting System? is also applicable for the following questions: