The Fibonacci betting system helps you decide how much to bet during a game of roulette, baccarat, craps or blackjack. This is a negative progressive betting system. That is, increase your bet after a loss and decrease your bet after a win. This is a relatively low-risk system compared to other negative progressive systems such as the Martingale betting system. This guide explains exactly how the Fibonacci betting system works, what the pros and cons are, and how you can use the system in different games in non GamStop uk casinos.
How Does the Fibonacci Betting System Work?
Before we delve further into how this gambling system works, we will first tell you something about its origins. The system was invented by Leonardo of Pisa, better known by his nickname Fibonacci, which he only received after his death. This mathematician lived from 1170 to 1250 and invented a sequence of numbers named after him, the Fibonacci sequence.
The Fibonacci sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, and so on.
The ratio between two numbers in the series approaches the golden number and each number is the sum of the two previous numbers in the series, starting with a 0 and a 1. The series is still going strong all these years after the death of Leonardo of Pisa popular. For the mathematicians among us: Fn = Fn−1 + Fn−2 for n ≥ 2 with F0 = 0, F1 = 1. This is not something you need to understand to apply the Fibonacci betting system while betting.
The Fibonacci system is used for *even money bets*, or bets where the chance is approximately 50/50, such as red/black in roulette. This gambling system can be applied to various online casino games, such as craps, baccarat, roulette and even blackjack. With this system you calculate your bet for each hand, roll of the dice or spin of the roulette wheel.
Start by determining your budget, also known as your *bankroll* in casino terms. Assume the “worst case scenario”, or the amount that you would lose in its entirety in the very worst case. By assuming this, you ensure that you gamble responsibly. A certain percentage of this budget will serve as a unit. For example, many casino players choose a percentage between 1% and 5% of their budget. The lower this percentage, the lower the risk. This basic unit will remain unchanged during all your deployments.
Suppose you have a budget of 500 euros and you choose a basic unit of 2%, this means that 1 unit is equal to 10 euros. You start with an initial bet of 1 unit. We skip the 0 in the Fibonacci series. If you lose, you increase your bet according to the series: 1, 1, 2, 3, 5, 8, 13 and so on. So you bet 1 unit twice in a row before you start increasing your bet after a loss. If you win, you lower your bet and this also happens step by step. Below you can see exactly how to determine your bets:
After a loss, you move forward 1 step in the sequence. After a win, you move back 2 steps in the sequence or you go back to the beginning of the sequence. While playing, it is useful to print out or write down the series, so that you always have it at hand and do not make any mistakes.
Advantages & Disadvantages of the Fibonacci Gambling System
The Fibonacci betting system helps you recover losses by moving forward one step in the series after each loss and gradually increasing your bets. Ultimately, this is how you make up for your losses by achieving a victory. If you have a large enough budget and don’t run into table limits, of course. It is not an aggressive strategy, so you are unlikely to lose your budget in a short time while playing your favourite casino games.
As a result, the Fibonacci system mainly appeals to cautious players who do not want to take too much risk.
The system regularly generates small wins, since after a win you take two steps back and significantly reduce your bet. The Fibonacci betting system gives you an element of control over your budget. It helps you think about the size of each bet and prevents you from betting haphazardly. The Fibonacci betting system is quite easy to follow, especially if you keep the printed sequence next to you while playing, or memorize it.
Disadvantage
It is a more complicated system than some alternative betting systems. Such as the D’Alembert betting system, for example. This is also a negative progressive betting system, where you increase or decrease your bet by 1 unit each time.
With the Fibonacci betting system, the chance of making a mistake is greater, because you have to follow the sequence exactly during your entire gambling session. The Fibonacci betting system can feel scary when you’re on a losing streak; many losses in a row.
Suppose your initial bet is 10 euros and you lose nine rounds in a row, then your tenth bet would be no less than 550 euros and the eleventh would be no less than 890 euros. You therefore need a flexible budget that is large enough to absorb losing streaks.
Although these losing streaks are unlikely, they do happen. It is good to be mentally prepared for this. Lowering your stake or taking a smaller percentage of your budget as a base unit also helps to reduce the risk of big bets. You are unlikely to make huge winnings using the Fibonacci betting system as you reduce your stake after a win.
The system focuses mainly on making small profits. No system, including the Fibonacci betting system, can beat the house edge. Like many gambling systems, when using this system you bet on even money bets with a 50/50 chance. However, the chance is never exactly 50% because of the house edge. This ensures that the casino wins in the long term and can continue to exist. Claim a casino bonus to partially counteract the house edge, so you can enjoy implementing the Fibonacci strategy for longer.
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