For centuries, this sequence has been used as the basis for a winning gambling strategy and is still a favourite of Roulette players today.
The Fibonacci sequence can be difficult to remember, so players may find it helpful to write down the sequence (and their bets) in advance.
Sequence of bets
In the Fibonacci, the sequence itself is cumulative. In other words, the next number is equal to the sum of the two previous ones. So the first 12 numbers in the sequence are:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144
Remember that the numbers represent betting units so if, for example, you're betting in £10 units, your bets are
£10, £10, £20, £30, £50, £80, £130, £210, £340, £550, £890, £1440
One step forward, two steps back
Using the Fibonacci system, you progress through the sequence on losing bets and return towards the start with winning bets. Each time you lose, you move on to the next number in the sequence. Each time you win, you step back two numbers.
Cancel out losses - slowly
Although a progressive gambling system, the Fibonacci differs from the Martingale system, for example, in that it doesn't seek to cancel out the total loss with one huge win, just the last two losing bets.
An example of the Fibonacci in action
Let's say we lose our first four bets. So far, we've lost 7 units.
Moving forward in the sequence, the next bet is 5. If that wins, it gets back the last two losing bets ie 3 and 2. The loss is now 2 units.
You then step back two numbers in the sequence and bet 2 units. If that wins, it wins back the 1 and 1. Now, you're all square and start again from 1.
Moving forward in the sequence, the next bet is 5. If that wins, it gets back the last two losing bets ie 3 and 2. The loss is now 2 units.
You then step back two numbers in the sequence and bet 2 units. If that wins, it wins back the 1 and 1. Now, you're all square and start again from 1.
Write it down as you go!
When you first start playing the Fibonacci system, it's very useful to write down the sequence as you go. It can be a little complicated to remember where you're up to, especially in the heat of a game. As you get more experienced, the calculations can be done in your head.
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