What is the Fibonacci betting system?

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The Fibonacci betting system is a sequence of numbers that can be applied to casino games or sports betting. Commonly known as the Fibonacci sequence, created by the Italian mathematician Leonardo Fibonacci, this system regulates bet levels by adding numbers together, with the overriding goal of ending the trading session profitable. QQjili will introduce this betting system.

What is the Fibonacci system?

The Fibonacci sequence is a progressive projection betting system that can be successfully applied to gambling. The Fibonacci betting system requires you to add your previous two numbers (in betting terms, add your last two bets together) to determine your next bet. You add one number to the range for each losing bet, but if your next bet is a win, you subtract two numbers.

The Fibonacci system works well with games with a low house edge. Blackjack is an excellent example as the house edge hovers around 2%. Sports betting at -105 or -110 will also work well.

These low-risk bets work best because it’s unlikely you’ll continue to lose for long when betting at odds close to 50:50. In terms of betting, it is also unlikely that you will reach the maximum bet amount for the game you are playing. Reaching the maximum bet amount will have a severe impact on the efficiency of the system.

The most crucial goal of this system is that you will win enough to cover your previous losses and make a profit, no matter how long the loss lasts.

How does the Fibonacci sequence work?

The Fibonacci system, made up of Fibonacci numbers, looks like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, etc. The sequence adds the previous two numbers together to determine the next number. The Fibonacci sequence is based on consecutive Fibonacci numbers in the golden ratio, which are then applied to your betting pattern.

However, it is not as simple as adding two consecutive Fibonacci numbers to determine the bet. As you win or lose, the sequence will move in a seesaw fashion, with numbers (betting units) being added if your bet loses or removed if it wins as you go through a session.

There is no limit to how long you can use the Fibonacci sequence when betting as long as you stay within the maximum betting limit. This system must ensure that you get at least some profit from your casino session. But that’s something even a legendary Italian mathematician proposed.

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For example

The Fibonacci sequence is 0, 1, 1, 2.

Your bet is 3 units (1+2).

Your bet loses; The new sequence is 0, 1, 1, 2, 3 – meaning your bet will be 3 units.

Pros and cons of the Fibonacci system

Pros and cons of the Fibonacci system

As with any system, Fibonacci betting is not perfect. With that in mind, let’s highlight the pros and cons.

Advantage

Reduce the possibility of significant losses.

Brings profit in most gambling sessions.

Increased excitement when gambling compared to flat betting.

Works on many types of casino or sports games.

Defect:

The system is relatively complex compared to Martingale or D’Alembert.

In the end, I couldn’t get past the house edge.

Increasing the bet size can accelerate losses.

There is no clearly defined endpoint, unlike Labouchere or Paroli.

Fibonacci is an extremely popular betting system, but it is not the only one. We look at some alternatives to Fibonacci strategies that will appeal to anyone looking to build a portfolio of gambling strategies.

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