How to Use the Fibonacci Betting System while Gambling

Fibonacci Betting System image
Fibonacci. Image Credit: Shutterstock

More daring gamblers often employ the Fibonacci Betting System to try and increase their stakes after a losing wager. 

The Fibonacci Betting System assists with increasing stakes following a losing wager, which makes it a negative progression system.  The system assumes that increasing stakes after a loss will propel bettors to a win the next time around.  This is grounded in the belief that there is a higher chance of increasing the stakes on a winning rather than a losing wager.

Although the Fibonacci Betting System is moderately complex to grasp, knowing how to adjust stakes and utilise the sequences can help improve players’ wagers.

How to Use the Fibonacci Betting System

The Fibonacci Betting System uses the Fibonacci sequence, which disregards the zero. To use it, you would need to either memorise it or write it down.  The Fibonacci sequence is regarded as nature’s numbering system since it plays a crucial role in numerous facets of mathematics and the environment.

The sequence constantly appears in nature and the physical world. It begins with a zero, followed by the number one, with every other subsequent number being the sum of the previous two numbers. The sequence is without end (i.e., it is infinite).

Before utilising the system, you need to select an amount you are willing to stake per unit. Although you can choose any amount, it’s recommended that you keep it at a lower percentage with respect to the overall amount you will be wagering. The norm here is between two and five per cent.

Rule One: Commence with Single Betting Unit

Always maintain the first wager you make within each cycle at a single unit. This is because you disregard the first number of the sequence, which is a zero. After zero, the following number will be the first in a Fibonacci series, which is always a one. For example, if you wish to stake CA$10 per unit, the first wager will be for CA$10.

Rule Two: After a Lost Wager, Calculate the Next Stake by Moving Up the Number Sequence

The result is the number of betting units that you would place on the second wager. If you lose the second wager, you will use the following sequence number, a two, to determine the next number of units you will wager. For example, assuming that you are still betting CA$10 per unit, your next wager would be CA$10 times two. Therefore, your next stake will be CA$20.

This rule should be applied after each losing wager. While using the sequence, always proceed to the following number, thus increasing the stakes after every loss.  However, when you win instead of losing, you need to follow rule three.

Rule Three: After a win, go down in the sequence

If you win a wager, you should go back in the sequence by two numbers. For example, the system progressed as follows: 1, 1, 2, 3, 5, 8, 13, and 21. If you win on the 21 after a losing streak, you must go back two steps. That means you’ve been staking CA$10 and multiplying with every loss. If you score on the eighth play, that “eighth” is the number of rounds you’ve played so far and the number you land on and increase your stake by, after going back two steps.

This rule ought to be applied after each win. However, there are two exceptions to this rule:

  • If you don’t move up in the sequence by the recommended two numbers before winning, you need to go back to the start of the series. Any time you are on a winning cycle, you would go back to the beginning.
  • You would need to track how often you win or lose during each cycle to determine when you would need to finish the sequence and start from the beginning. As a result, the Fibonacci Betting System is more complicated than other systems. It is easier to keep track when playing online since you can utilise a spreadsheet. However, it’s far more complex when playing in person because it requires the player to be extra focused and attentive.

Ultimately, the Fibonacci Betting System doesn’t improve your chances of winning. It aids you in succeeding in the short run and can even help you win a sizeable amount in the long run. However, you would need to avoid a long losing streak to see any positive outcomes while using this system.

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