Bankroll management when you are betting is important, especially when you are playing at a casino. If you want to make your money last when you’re playing online or live at a casino, you can’t just go in and bet everything on one hand of blackjack. Well, unless you want a short night in front of the computer.
For nearly every single one of us, that is not the case and we want to make our night last as long as possible, because we’re playing the casino games for entertainment. Imagine you went to see Louis CK, he told one joke and that was it. You’d be a bit annoyed, no? It’s the same with playing at a casino. That is why having some form of betting system makes a bit of sense.
It shows some discipline so you don’t bet everything at once. That betting system could simply be betting $5 on each hand of blackjack all night, or it might be the Fibonacci Betting System. Check out this article on the Fibonacci Betting System to familiarize yourself with the concept.
As I mention in the article, I quite like the Fibonacci Betting System, when compared to other betting systems that are out there. That is not to say I advocate it, as I think all betting systems can end up being dangerous to your bankroll, but at least this one gives you a bit of bang for your buck if you’re looking to prolong your gambling session.
When playing blackjack and you’re using a system, the Fibonacci Betting System is quite a good one to try out. To start with, choose your casino to play blackjack in. I personally like InterCasino’s blackjack software, although if you’re in the US, Bodog Casino’s blackjack software is fantastic. When it comes to blackjack, the standard of the software is generally so high that most casinos do not get it wrong.
Now, using this, you have to decide how much you’re willing to lose, or how much you want to win. Let’s say you have a bankroll of $2,000 and you want to play some blackjack, roulette, slots and baccarat. So you say $500 for each game and each unit is $5. Perfect! Almost too perfect, but I’m sure you can forgive that. So you’re willing to lose 100 units and maybe you’d be happy to win enough to buy a new pair of jeans that you saw for $100, so you’re looking to win 20 units. Remember to keep a note of this, or at least commit how much you want to win/are happy to lose to memory and stick with it. You don’t want to eat into your baccarat money, do you? And you don’t want to start risking your jeans money once you already have it! Knowing when to stop is the key to all betting systems, especially the Fibonacci Betting System.
So, 1 unit = $5.
To start with, we need to know the Fibonacci Sequence. The sequence is that the next number is the sum of the two previous numbers. It starts off: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233…
We’re only looking to risk a maximum of 100 units, so we’ll just have the sequence go on until 34. Write this down.
Now we play blackjack. The Fibonacci System has the rule that every hand you lose, you move up one number on the ladder and for every hand you win, you drop back two steps on the ladder until you start turning a profit, where you stick on 1 unit bets.
So, we’ll start with a 1 unit bet on a hand of blackjack. We draw a 17, the dealer shows an 8 and we promptly lose to an 18. Using the system, we move up one notch on the ladder, which is still 1 unit. So we put another $5 down and this time the dealer comes straight out with a blackjack. Damn! Now we’re up to the next step on the ladder, 2 units ($10). We lose again, this time we just go bust after drawing on 12 against the dealer’s 10. Again, up a step we go and this time we bet 3 units ($15). This time we draw a 20, the dealer gets 17 and win. Happy days! We drop two steps on the ladder, down to 1 unit ($5) again. So, so far we’ve made $35 worth of bets, we’ve lost $20 and won $15. A win on the next hand gets us back to even and we’d simply move back to step one of the ladder, as we can’t move back any further.
What I should mention is that just treat a blackjack the same as an even money win for the sake of clarity. It might pay 3-2 as opposed to 1-1, but it would mess up the system. Plus, you would know when you had won your $100, so you could still just stop right away.
It is a fun system to use because it keeps you thinking and your bet sizes nearly always change. However, you have to remember that you will end up betting 13 units, 21 units, etc at one point and if you wouldn’t be happy betting that much, then don’t do it. Like all betting systems, this won’t make you a winner, but you’ll have a bit more fun than if you use the Martingale Betting System.
If you want to try out the Fibonacci Betting System, remember that if you’re in the US you should try it at Bovada Casino and if you’re elsewhere, check out InterCasino. If you do manage to get the new pair of jeans, remember to send us an e-mail thanking us!
Additional Blackjack Fibonacci System Questions:
The answer to the question How to Use the Fibonacci Betting System at Blackjack is also applicable for the following questions: