What is the Fibonacci Betting System? – Betting Sequence Explained & Tips
Betting systems introduce structured rules to gambling in order to improve the chance of making a profit at an online casino or sportsbook . The Fibonacci system is one such method, and in this betting system guide, weâll explain what it is and how to use it with betting on live-casino and table games at Stake Casino .
What is the Fibonacci Betting System?
Betting systems have been used by gamblers when playing casino games or placing sports bets for hundreds of years. For the most part, these betting systems donât actually increase the odds of success. However, they can be a useful way to control your bets and manage your bankroll when betting at Stake.com.
The Fibonacci system is derived from the Fibonacci sequence. This is a series of numbers that increases by the sum of the two previous numbers. In gambling, bettors can use the Fibonacci to increase their bet sizes over time following losing bets. This is a type of negative progression betting system , where bet sizes increase following losses and decrease after wins.
The thinking behind this system is that it will help ensure that winning bets are larger than losing ones, resulting in a long-term profit. However, like all betting systems, it relies on the fallacy that players can be âdue a winâ. If not treated carefully, this can result in large losses.
How Does the Fibonacci Sequence Work & History
The Fibonacci sequence is named after Italian mathematician Leonardo of Pisa, who was also known as Fibonacci. He introduced the sequence to Western Europe, although it was first described by Indian mathematicians in 200 BC using Hindu-Arabic numerals.
The sequence typically starts with a 0 and 1, with these 2 numbers added together to make the next. So a typical Fibonacci sequence will be: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55. This sequence is linked to the golden spiral and divine proportion that appear in nature.
When using this for betting, you use the numbers to dictate how many units you bet. The sequence continues as you lose, increasing your wager each time. However, if you win, you move back 2 places in the sequence.
You can use this sequence as much as you like, as thereâs no limit to how many times you can increase or decrease based on wins and losses. Of course, you still need to be responsible with your bet sizes and stay within your limits, so it makes sense to have a max bet that you donât go above.
Fibonacci Sequence Betting Example
Hereâs an example of the Fibonacci betting system on even money bets when one unit equals $1. The total bet is determined by the sequence, and losing bets cause the sequence to move forward while losing bets move it back by 2 steps:
| Sequence and Bet | Result | Profit/Loss |
|---|---|---|
| 0, 1 = $1 | Win | $1 |
| 0, 1 = $1 | Loss | $0 |
| 0, 1, 1 = $2 | Loss | -$2 |
| 0, 1, 1, 2 = $4 | Loss | -$6 |
| 0, 1, 1, 2, 4 = $8 | Win | $2 |
| 0, 1, 1 = $2 | Win | $4 |
Which Casino Games Work with the Fibonacci System?
The Fibonacci system is best used on casino bets that have a 50/50 chance or as close to a 50/50 chance as you can get. This means focusing on even money bets, such as those offered in table games and card games like blackjack , baccarat or roulette . Slot titles and similar games with high variance are less suitable.
Whatever casino game you choose to play, itâs important to choose even money bets, such as black or red on the roulette wheel. This is because it reduces the overall risk. If you were to bet on a single number, for example, your bet sizes could quickly become huge following this betting strategy.
Here are some examples of bets you can make using the Fibonacci system while playing casino games. Find out how to play in our how-to guides :
- Roulette: Bet on high/low, odds/evens, red/black for 1:1 payouts. Avoid American roulette as it has a higher house edge . Read our guide to playing roulette games for more information.
- Blackjack: Playing basic blackjack strategy gives you close to 50/50 odds and a 1:1 payout if you win your hand. Blackjack RTP is very high, although the Fibonacci sequence gets more complicated if youâre doubling down or splitting. Refer to our online blackjack guide to learn more.
- Baccarat: Choosing the player or banker bet is a 1:1 payout, although you pay a 5% commission on winnings from the banker bet. Read our blog on how to play baccarat for more tips and insights.
- Dice: Betting on dice games lets you choose the win chance. Set the slider to 50% chance and then play. Alternatively, you can set the slider to 2.0 odds when using the Fibonacci betting system. Our guide on how to play dice games explains in detail how the odds of dice work. Check it out.
How to Bet on Sports with the Fibonacci System?
Although negative progression betting systems like Fibonacci are best used for even money casino bets, itâs possible to use them when betting on sports at Stake.com too. As long as you choose sports bets that are even money odds, the sequence will still work well without risking your bet sizes going too high. If you need help learning how to read sports betting odds , refer to our guide.
Over/under and the spread are normally good markets for this, with both live and pre-live events . Typically, moneyline bets are best avoided unless theyâre even money. Itâs important to carefully research your bets and ensure your picks have as close to a 50/50 chance of success as possible.
What are Pros and Cons of the Fibonacci System?
Pros
- Manage your bet sizes and bankroll with a system
- Potentially recoup losses after a losing streak
- Makes gambling more interesting
- Works for casino games and sports betting
Cons
- Can involve complicated maths later on
- Doesnât reduce house edge
- Losses can get out of control on losing streaks
- Requires a larger bankroll to manage losing streaks
Expert Betting Tips and Strategies
Whenever youâre using the Fibonacci betting system, itâs important to follow these tips and strategies:
- Focus on games with high RTP rates â Higher Return to Player rates mean you have a better chance of breaking even over long playing sessions.
- Start small â Test out the betting system by playing with small stakes. Play games with low minimum bets and use the smallest possible unit to stay responsible and keep your risks low.
- Know when to stop â Itâs important to know when to cut your losses or take your winnings. Donât get too carried away, and make sure you stay within your limits at all times. Use our responsible gambling calculator and read our blog on budgeting to set reasonable limits.
Promotions, VIP Club and Responsible Gambling
Stake Casino offers an exciting collection of games to enjoy, and weâve also got plenty of casino promotions to take your gambling experience to the next level. Make sure you sign up, make a deposit , and store your funds in our secure vault before claiming all of the available offers, including our reload and rakeback promos. Weâve got weekly giveaways and exciting challenges to take part in too.
Check out our guides to other popular betting systems including the 1-3-2-6 system , the Martingale strategy , the Paroli system , or the Labouchere method and find a strategy that works best to you.
Itâs easy to deposit using crypto or your local currency , but you can find out more by contacting our support team . If youâre a regular player, you can even join the VIP Club , which features exclusive rewards such as VIP hosts . Learn how to join and what to expect in our VIP guide .
As always, follow our Stake Smart guidelines to stay safe while having fun!
