The Fibonacci betting system: What is it and does it work?

Although you might be more familiar with it from your high school or college math classes, the Fibonacci sequence is also well known in the world of online gambling and betting!

Named after the famous Italian mathematician Leonardo of Pisa, who would later go by the name Fibonacci, the Fibonacci sequence is a sequence of progressive numbers. Although it appears in several much more ancient numerical systems, it was the Italian who popularized it in the Western world. The sequence starts with 0 and 1, with the next number in the sequence being the sum of the number that preceded it. Most often, it is represented as: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on.

Also known as ‘nature’s secret code’ or ‘nature’s universal rule,’ the Fibonacci sequence has been said to present a universal mathematical rule which underpins many facets of modern life.

The world of betting is no different and has not been left untouched by the Fibonacci sequence. Indeed, the Fibonacci betting system has become such a staple of the casino world that if you were to step into any of the best NJ online casino, you would undoubtedly come across players putting it to use in their games.

But what exactly is the Fibonacci system, and more importantly, how can I implement it into a betting strategy?

Although variations of the Fibonacci sequence were used to understand everything from the construction of the Pyramids of Gaza to the branches of trees and the structure of pine cones, it wasn’t long before people found a way to put it to use in casino games.

When the Fibonacci sequence is used in casino games, it gets turned into, essentially, a staking system. Like all other staking systems, you can use the Fibonacci betting system to use set betting units and keep these consistent between games.

To use it as a staking system, you essentially increase the size of your wager every time you lose. The main difference is that you increase it in-line with the Fibonacci sequence rather than simply doubling your bet as with other staking systems. The logic here is that you can recover your losses from the previous unsuccessful wagers by placing a much larger subsequent wager. Over time, it is hoped, this will help you beat out the house edge.

The only two rules that apply when using the Fibonacci sequence as a staking system are that you move up one number in the Fibonacci sequence every time you lose and that every time you win, you move two numbers down the sequence. In both instances, you bet an amount equal to whatever number you are on in the sequence:

So, for example, your wagers might look like:

  • Wager 1: Bet 1 unit = lose.
  • Wager 2: Bet 1 unit = lose.
  • Wager 3: Bet 2 units = lose.
  • Wager 4: Bet 3 units = lose.
  • Wager 5: Bet 5 units = Win

Although using this betting system is definitely not a way of guaranteeing you will win, on games with a slim house edge, it can be an excellent way to bring some structure to your wagers.