Fibonacci Betting System: Should You Use This Strategy?

 

The Fibonacci Betting system is growing in popularity each day. This is primarily because of its relationship with the well-known mathematical Fibonacci system put together by Leonardo Pisano.

It consists of a progressive sequence of numbers that begin with 0 and 1. Each number in the series is the total of the two numbers immediately before it. This strategy seems simple and can become complicated as you go further. You could lose a lot of money if you don't know how to go about it.

We will take a comprehensive look at this strategy and how you can use it in mobile casinos.

Fibonacci Betting System: How Does it Work?

Remember that the progressive sequence starts with 0 and 1? For instance, the starting sequence goes like this:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34 … Till infinity.

If you observe, you will see that every successive digit comes from adding the two previous numbers. Like other stalking systems, you will have to use betting units to sustain a stable unit size.

Once you find a sustainable unit comfortable, the Fibonacci sequence determines the unit you wager. 

To use the Fibonacci betting system, you must increase your wager size each time you lose. The concept is that you can recover your losses through your next wager, which should be higher. This subsequent bet will allow you to recover your losses and make more profit.

When using the Fibonacci betting system, here are a few rules to follow:

Whenever you lose a bet, go one number higher on the Fibonacci sequence and bet that number of units. 

Each time you win a bet, go two numbers lower on the sequence and bet that number of units.

You must continue the process until you finish your bankroll or make your desired profit. In theory, this pattern will ensure that you make up for any losses and eventually make more profit.

However, in practice, things are not so straightforward. Let us examine a few pros and cons of this system.

Fibonacci Betting System: Pros

The Fibonacci system is easy to follow, even as a newbie. Also, you are sure of profit, presuming you have the appropriate odds and a huge bankroll.

Also, the longer cycles you play, the higher the chances of you making profits.

However, there are a few downsides you should be aware of if you plan to use this strategy.

Fibonacci Betting System: Cons

You can lose all your money if you have a consistent losing streak. This is common in this system that guarantees you profit if you continue playing. It might be tempting to keep playing as you lose, believing you will make it back once you profit.

So, should you use it? That is entirely up to you. However, remember that in betting, there is no guarantee.

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Lukas

Lukas

Head of content

Lukas is one of the leading authors at Casinoble. He entered the casino world through his passion for online poker. Lukas is also a dedicated sports betting fan. At Casinoble, Lukas usually writes about Live Dealer Games, Sportsbetting and Betting Strategies.

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