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The Fibonacci sequence is one of the most popular number sequences out there. Chances are that you have already heard about it many times, even if you never really understood what it means. It is commonly used in books, movies, TV shows, not to mention math classes. But, did you know that it can also be applied to gambling?
There is an entire Fibonacci betting system invented to help gamblers win money by applying this strategy to their bets. If you are a gambler and you wish to apply this system and hopefully win some cash, we will explain all you need to know about the Fibonacci betting system, including what it is, how it works, and more.
What is the Fibonacci sequence?
Let’s start by discussing the sequence itself and what exactly it is. It is a sequence of numbers that first appeared in Indian mathematics, according to the oldest records. Of course, back in the day, it was not called the Fibonacci sequence. It was used by Indian mathematicians for a long time before it eventually started expanding to the West and gaining wider exposure.
Many believe that the reason why it started to expand is the fact that it appeared in a book called Liber Abaci, or The Book of Calculations, as it is called in English. The book was published in the 13th century by the Italian known as Leonardo Pisano, who popularized it. The sequence was eventually named after him, and it is called the Fibonacci sequence because Pisano was known by several other names, such as Leonardo of Pisa, as well as Fibonacci.
Now, the sequence itself is just a string of numbers displayed in growing order. They may look random at first glance, starting with 0, which is followed by 1, which is then followed by another 1, then 2, 3, 5, and so on. However, there is nothing random about it, as each number that appears in it is actually the sum of the previous two numbers. The sequence goes like this:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377
So, the numbers do make sense, but you might be wondering what is so important about them? Well, the fact is that they play a massive role in countless aspects of not only mathematics but nature itself. In fact, they are considered to be nature’s numerical system. The Fibonacci sequence is a lot more than it appears, and our explanation of it is only scratching the surface of the enigma that this sequence represents, but it will do for now. If you wish to learn more about it, there is a lot to uncover, but for the purposes of this guide, it is enough that you know what it looks like and how are the numbers chosen.
What is the Fibonacci betting system?
Now that you know a few details about the sequence, let’s see how does it fit into the world of gambling. The sequence was used to create an entire betting system, known as the Fibonacci Betting System, and while it may appear complicated at first, it is actually quite simple — to the point where anyone can master it with only a bit of practice.
The system works as a negative progression betting system, meaning that you need to increase your stake each time when you lose a bet. The idea is that doing this will allow you to recover the lost funds, and earn a bit extra on top of that. Arguably, there are simpler systems out there, but this one is also fairly easy to learn and apply, and it works — provided that you have enough money to follow the sequence’s growth.
How to use the Fibonacci system?
The Fibonacci system is commonly used in a variety of casino games. One of the most popular games for using this system is roulette, particularly among players who prefer to make outside bets, like odd, even, black, and red. Apart from that, it is also often used in craps, where players tend to use it on pass/don’t pass wagers. However, it can be used in many other games, including baccarat, blackjack, and even in sports betting, as long as you stick to even money wagers.
The only difference between the regular Fibonacci sequence and the Fibonacci system is that the system skips zero at the start, and you start with 1 when applying it. While it is fairly simple to calculate the numbers that are coming, you will likely have a lot to memorize during the game, so either write the sequence down, or be sure to learn it well upfront.
One last thing to do before you actually start using the sequence is to decide on the stake per unit. You can choose pretty much any amount, although it is recommended that you keep it small, relative to your total bankroll. Most experts would recommend using between 2% and 5% of the total amount you have dedicated to gambling.
There are three rules to remember, which will guide your playstyle from this point onward:
1. Start with one betting unit
Earlier, you decided what will be your betting unit. Let’s say that it will be $5. Since we are skipping zero while applying the Fibonacci system, that means that you will start with the number 1, and if you assigned $5 to the number 1, that means that $5 will be your first bet.
2. Follow the sequence after each loss
Assuming that you lost the first round, your task is to move on to the next number in the sequence. So, with the sequence going 1, 1, 2, 3, 5, and so on, after betting your first $5, you will move to the next number, which is also 1. That means that you will try another $5 bet. If you lose that one as well, you move on to the next number, which is 2. Now, since 1 = $5, the amount used for 2 would be $10. If you lose again, you move on to the next number in the sequence, which is 3 ($15). Assuming that you are on a losing streak, you would, again, move on ot the next number, which is 5 ($25), and so on. The same rule applies every time when you suffer a loss.
But, at some point, you are bound to win. So, what happens then?
3. Move down the sequence after winning
Certain betting strategies that work similarly to the Fibonacci system would have you revert to your original bet after a winning round. However, the Fibonacci system doesn’t do that. Instead, it recommends that you move down the sequence by two numbers. So, let’s say that you followed the sequence (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377) up to 55, and then you won.
Instead of going back to 1, you go down to 21, heading back up the sequence by two numbers. In other words, after wagering 55 ($275) and winning, your next move would be to wager 21 ($105). If you lose, you go up to 34 ($170). If you win again, you go further down, again by two numbers, to 8 ($40).
Of course, you could revert to the beginning, which is usually recommended if you haven’t moved up at least two numbers in the sequence before you won. It is also recommended to start over if you are in profit for a cycle at any point. That way, you will secure the winnings that you made and simply start over with the same amount of money that you had at the beginning of the game.
Of course, this also means that you will have to keep track of how many wins and losses you had per cycle so that you will know when you are making profits and when are you simply regaining the money that you lost previously. As we said, there are several things to memorize during the game when applying this strategy, and that is why the Fibonacci system is slightly more complicated than some other systems, but with a little practice, it will quickly become second nature to you.
Does the Fibonacci system actually work?
Naturally, you might be wondering if this is all real, and does it actually work well enough to be used with the expectation of actually seeing profits. The answer, however, is not as straightforward as you might want it to be. It doesn’t improve your odds in any way when playing the games in the casino, but it can help you win some money in the short term, and get away with those winnings before you lose it all on the next bet.
The system should be viewed as a way to maintain control on how much you are betting. Everything else is pure chance. By sticking to it, you will prevent yourself from going all in after seeing a few wins or losses in a row, but that’s about all it does for you.
It also has a flaw that you should keep in mind, and that is that it is likely that you will hit a losing streak sooner or later, and if it becomes a prolonged one, you could eventually empty your wallet and find yourself short of money needed for the next wager. If this happens, everything that you lost is lost permanently. So, in the end, no — the system doesn’t work as a way of getting rich, and it doesn’t guarantee your victory at a casino. It does, however, ensure that you remain in control for as long as you stick to it.
Leonardo Pisano, known as Leonardo of Pisa, Leonardo Bonacci, and Fibonacci, was an Italian mathematician born around 1170. In 1240, he published a book called Liber Abaci, which also contained the Fibonacci sequence, thus exposing it to the mathematicians in the West, and contributing to its popularization throughout the known world.
The system does not work in a way where it improves your odds of victory in any way. It simply helps you manage your bankroll through controlled wagers. Essentially, the only guarantee that it offers is that you will approach betting with a plan.
The Fibonacci sequence/system does not alter the odds and it does not affect the outcome of any game, so yes, it is completely legal and allowed in all casinos.
The Fibonacci system is safe, and even fun to use, although it is worth remembering that it is best to use it for winning small profits over time. If you hit a losing streak, you might have to place quite large bets to win those small profits. In the end, no system is flawless, and there are no guarantees with gambling
Yes, the Fibonacci system has been used for sports betting before, including football. However, remember that you need to apply it only in situations where the win to loss ratio is 50:50.
Yes, all of the casinos that we recommend offer the option to play roulette for free. Select your chips, place your bets and click spin. You can then practice playing until you are ready to play for real money.
The odds vary slightly based on the type of roulette game that is played. European roulette has slightly better odds than American roulette. The betting odds in American roulette of hitting a single number with a straight-up bet are 37 to 1, since there are 38 numbers (1 to 36, plus 0 and 00). However, the house only pays out 35 to 1 on winning bets.
The odds in European roulette are slightly better since there is no 00 on the board. (1 to 36, plus 0)
The house edge is with the 0 and 00, as these numbers cannot be won by the player.
Please view the following chart:
|Bet Type||Bets||Odds & Payouts||Win Probability in %|
|Inside||Straight Up||35:1||35 to 1||35:1||2.70||2.70||2.60|
|Inside||Split||17:1||17 to 1||17:1||5.40||5.40||5.30|
|Inside||Street||11:1||11 to 1||11:1||8.10||8.10||7.90|
|Inside||Corner||8:1||8 to 1||8:1||10.80||10.80||10.50|
|Inside||Line||5:1||5 to 1||5:1||16.2||16.2||15.8|
|Outside||Red/Black||1:1||1 to 1||1:1||48.65||48.65||47.37|
|Outside||Even/Odd||1:1||1 to 1||1:1||48.65||48.65||47.37|
|Outside||High/Low||1:1||1 to 1||1:1||46.65||46.65||47.37|
|Outside||Column||2:1||2 to 1||2:1||32.40||32.40||31.60|
|Outside||Dozen||2:1||2 to 1||2:1||32.40||32.40||31.60|
Called bets only apply to European and French roulette.
These are the types of available called bets:
Neighbors of Zero - A bet on all 17 numbers near to the green zero.
Thirds of the Wheel - A bet on 12 numbers which are found adjacent to the neighbors of zero.
Zero Game - A bet on seven numbers near to the green zero.
The Orphans - A bet on any of the numbers which are not covered by the other called bets.
The Neighbors - A bet on 5 adjacent numbers
The Finals - A bet on the last digit (e.g. 5 would be a bet on 5, 15, 25, 35)
An outside bet is when you are not betting on a specific number, but instead choose to bet on odd or even, red or black, 1-18, or 1-36. These bets while they are lower risk, they still offer the house an edge due to the 0 and 00 on the board.
A straight bet is the simplest type of bet to understand in roulette. It is simply choosing a number (for example: 7), if the ball lands on the number then the player wins with the payout calculated as 35:1.
Roulette is all about statistics, the payout for selection the correct number the ball lands on is 35 to 1.
That being stated there is a house edge due to the 0 and 00. The odds of winning are actually 2.6% for American roulette, and slightly better odds of 2.7% with European roulette.
The odds are slightly better for the player with European roulette.
American roulette has both a 0 and a 00.
European roulette only has a 0.
If the ball lands on either the 0 or 00, the house automatically wins. This means it is in the players best interest to play European roulette.
To learn more visit our advanced guide that compares American vs European Roulette.
The real difference between the two games lies at the table, specifically, in the French table. The table boxes that correspond to the pockets in the wheel are all in red. Furthermore, the words and numbers in the French table are in French, while the European version uses English. Of course, this is not too big of an issue, especially since most resources were published with translations for the words and numbers that the French roulette table has to offer.
The French version has its own advantages, however, such as the use of th e La Partage rule. Basically, this is the rule that allows the players to use the even money bet. Essentially, what this means is that players who choose to play with this rule will get half of the amount they bet if the ball falls in the pocket with the zero.
To learn more visit our French Roulette Vs. European Roulette guide.
Lloyd is passionate about online gambling, he lives and breathes blackjack and other table games, and he enjoys sports betting.
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