Fibonacci Betting System: What Is It & How Does It Work?

There are many different systems people have adopted when it comes to casino betting and they can often be complex, especially for beginners

Among those is the Fibonacci system, which is popular across both casino and sports betting and is a system that involves progressive betting.

But what is it and how does it work?

 

What Is The Fibonacci Betting System?

Starting with the what, the Fibonacci system is a betting system that requires players to increase their bet after every losing bet in a particular sequence.

Developed by Leonardo Pisano, an Italian mathematician in the 13th century, the system can run indefinitely, but takes this pattern:

0,1,1,2,3,5,8,13,21,34,55,89,144,233,377

Essentially, this means placing a bet of the value of sum of the two bets that you’d previously placed to give you the best possible chance of at least breaking even.

 

How To Use The Fibonacci System: An Example

Let’s take an example and say you were placing a bet of just £1 on a game of blackjack, this would be the first number in the Fibonacci sequence. 

If you lost that bet, you would then be required to bet another £1 in line with the rules of the sequence as 1+0 (as it was your first bet) is 1. Should that bet lose, you would then need to bet £2 as you’d have placed two losing £1 bets.

Lose again and you’d be required to bet £3 as the last two bets you’d have placed would be £2 and £1.

It’s a type of system that is most commonly placed on even money bets as in theory, you will see a break even return eventually, based on the system.

 

What You Should Know About The Fibonacci System

There are a number of things worth noting about the Fibonacci betting system before you attempt to play with it, the main being that it can be a costly exercise, especially if your first bet starts high.

While it can be a relatively low risk strategy, the amount you’re staking can go up quite rapidly, so if you run out of bankroll before you see a return, it can make you a huge loss. A good way to avoid this is by playing with low stakes, as it will ensure you’re not putting too much on the line quite quickly.

Think about how much bankroll you have and how far that could potentially take you using the Fibonacci system, and whether you believe that is enough time to at least break even based upon the odds you are playing.

 

Where To Use The Fibonacci System

Naturally, as this is a betting system and not related to any particular game you can use the Fibonacci absolutely anywhere. Here at That’s A Goal we work with some of the most tried and tested casinos in the UK, from new sites such as mfortune and Casino Planet to established brands like 888casino and NetBet.

Take a glance over some of our favourite online casinos below and if you’re looking to test out the Fibonacci system, then why not do so with one of them today?

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