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Exploring the Fibonacci Sequence and How to Put it Into Practice

The Fibonacci system is a popular way to navigate bets, especially when it comes to sports betting and casino games. By using the Fibonacci system, you can determine your next bet by adding previous bets together. Although nothing is guaranteed when it comes to gambling, and no strategy will improve your odds, some find that following a system like this helps them to plan their next bet more efficiently. 

 
Source: Pexels

The Fibonacci System and Betting Units

The Fibonacci sequence uses a progressive betting system. You’ll add the last two bets you made together, known as betting units, to determine your next wager. You’ll add a new number to the sequence if you experience a loss, and subtract two numbers if you win. Betting systems like this work best with even money games, including baccarat, blackjack and roulette. 

As an example, when you play Paddy Power's online roulette games, you’ll have the chance to wager high/low, odd/even and red/black. These bets are labelled clearly on the board, whether you are playing online roulette or live roulette. You’ll need to take into account the type of roulette you’re playing too. Each roulette variant has a different house edge. American roulette has 38 pockets, and European roulette has 37 pockets. French roulette is the same as European roulette, but with a 50% rebate if you land on a zero.

A breakdown of the sequence is as follows if you’d like to use this as your betting strategy:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 and so on.


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Simply add the previous two numbers to determine your next bet. Add the number to the right if you experience a loss, and subtract two numbers to the left if you win.

Although the sequence was never intended to be used in gambling, it is interesting to see it being used as such. The sequence is named after the medieval Italian mathematician Fibonacci. He’s famous for writing Liber Abaci, alternatively known as the Book of the Abacus.

This was a groundbreaking release, and it gained so much attention that it led to a full day being named after the famous mathematician, which is known as Fibonacci Day.

Pros and Cons of the Fibonacci Sequence

There are always pros and cons when adopting any betting system. The Fibonacci sequence does have a lower chance of losing big, versus other systems like the Martingale strategy. It’s also more interesting than flat betting and it can be used across numerous casino games. With that being said, it’s more complex than the D’Alembert or Martingale strategy. It doesn’t overcome the house edge either, so you will need to take this into account when playing different variants of roulette. Even with a strategy like this, you still need to account for the element of luck and chance as well. The outcome with casino games is always random, but by using a strategy, you may find it easier to streamline your experience as the decision for your next bet is already calculated for you.