Is the Fibonacci System Valid For Gambling?
Thousands of websites exist offering readers the chance to consistently beat the casino. They promise untold riches but most revolve around the fundamentally flawed Martingale system. However, the Fibonacci system is another betting strategy that is worth considering.
The Fibonacci system has its roots all the way back in the late 1100s. Italian Leonardo Bonacci, also known as Leonard of Pisa, and Leonard Bigollo Pisano, is considered the most talented mathematician of the Middle Ages. People called him Fibonacci and he is partly responsible for the number system used globally today. He introduced Europe to a sequence of numbers called the Fibonacci numbers.
The sequence of numbers runs 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, and so on. What is special about these numbers? They occur in nature all the time, believe it or not. Fibonacci used his sequence to show the growth of rabbit populations, for example.
Fibonacci numbers start with zero, then one, with each subsequent number adding together the previous two numbers. Therefore, 610 is the next number of the sequence we mentioned in the previous paragraph.
Using the Fibonacci System in Gambling
What does a sequence of numbers created in the 1100-1200s have to do with modern-day gambling? Can you use the Fibonacci system to improve your chances of winning at your favourite online casino? It does not improve your chances because nothing can do that. The odds and probabilities of things happening in casino games are set in stone. For example, betting on red or black at the roulette table always happens the same number of times regardless of how you bet.
The Fibonacci system comes into its own when used for even money bets. Think red/black or odd/even on roulette, the player bet in baccarat, or pass line in craps. The system sees you move one number to the right with each losing bet, and two to the left with each winning bet.
For example, start with a $1 bet and lose, your next bet is also $1. Increase this to $2 if you lose, then $3, and $5. Your next bet is $8, but it wins. This means you make your following bet $3. The next bet amount is $1 if that $3 bet wins.
It looks complicated but it is not. Learning the list of Fibonacci numbers is all that is required.
Pros of the System
Using the Fibonacci system for betting on roulette guarantees you win your losses back. However, having a substantial bankroll is required for this to happen. In addition, the system is easy to follow because you only need learn a sequence of ten or so numbers.
The system keeps you interested in the game longer, too. Betting on 50/50 outcomes often grows boring quickly. Through betting $1 every time and you have the recipe for falling asleep at the table! However, mixing up your bet amounts keeps things fresh and your interest piqued.
Cons of the System
The Fibonacci system is a negative progression system much like the Martingale System. Your bankroll size and the table limits play a major role in the system’s success. For example, starting with a $5 bet using the system quickly leads to big bets if you encounter a losing streak. Losing nine bets in a row, which is not inconceivable, results in a $275 bet to break even. A bet of $445 is required if that bet loses.
Your losses can be massive if you do not have a very large bankroll. In addition, you often find you hit the table betting limits rather quickly. Your next bet is $720 if the $445 bet loses. There are not many casinos that allow such large bets. Furthermore, imaging having to bet $720 just to break even.
Use the system for low stakes but be prepare yourself for the obvious risks.
