It might appear strange but in many cases, mathematics and casino games are closely related. This shouldn’t come as a surprise – math permeates every aspect of life and gambling is no exception. There, too, are rules to follow. Have you considered applying the Fibonacci Betting System?
It’s hardly a secret for anyone the house always has an advantage over the players. Fortunately, there are always ways to decrease the percentage of the casino’s edge, meanwhile increasing one’s chances of winning. Many players employ alternative betting strategies allowing them to partially neutralize the house’s edge.
There is a suitable betting strategy for each casino game. Some systems are more universal and may be used in several games while others may not. Either way, choosing a suitable betting system and applying it properly can be of great assistance to all players.
Positive versus Negative Progression Strategies
Betting strategies can be subdivided into two basic types. There are those based on positive progressions for instance. What does this mean? A system based on a positive progression would require increased bets for wins and reduced for losses. In this case, it’s advisable to gradually increase bets following wins and the bare minimum when you lose. This system is commonly used in card games like blackjack, dice games like craps and roulette variations.
The second type of betting strategy is developed on the basis of negative progressions. The principle is the opposite – whenever the player is winning, they should decrease the amount of their bet; when losing, on the contrary – increase the wager. There are many betting systems revolving around this principle, the most widely used of which are the D’Alembert’s, Martingale’s, Labouchere’s and of course, Fibonacci’s. The latter will be discussed in greater detail below.
The Fibonacci Betting System and How It Works
Applying the Fibonacci Betting System in casino games rests upon Leonardo Pisano Bigollo’s sequence, developed over 900 years ago. It’s said to have a correlation with all aspects of life, thus it bears the name a “natural progression”.
The Fibonacci’s cumulative progression involves a number sequence where each is equal to the total of the two preceding numbers. The beginning zero is always ignored when the strategy is applied to gambling.
Putting the Fibonacci Betting System to Work
An example of such a sequence would be:
(0,) 1, 1, 2, 3, 5, 8, 13, 21, 34, 55
It can actually continue in the same manner forever.
The idea being, if one increases their bets continually, sooner or later their winnings will overcome the losses.
Use this strategy with even bet units. Let’s say for example a player’s single bet unit is equal to $10. If their sequence of numbers is as follows: 1, 2, 3, 5, 8, 13…
…the player should raise the stakes after each loss as follows: $10, $20, $30, $50, $80, $130.
In case the player wins, he/she should go back two steps in the sequence. For example, if they win when they’ve bet $80, their next bet should amount to $30.
The effectiveness of the Fibonacci betting strategy depends primarily on how long one’s losing streak is. Too many consecutive losses would be difficult to offset. The probability of running out of cash is also much higher.
Applying the Fibonacci Betting System certainly won’t cancel out everything you’ve lost so far. Should the profit exceed the loss, the player should restart the Fibonacci sequence.