The Fibonacci Strategy
When it comes to betting, it’s critical that one should adopt a betting strategy that can protect the hard-earned money. With a sound betting strategy, you not only increase your chances of winning at the table but it also helps you keep your emotions in check. One such popular betting strategy that’s popular among roulette players is the Fibonacci Strategy.
Dating back to 1202, the Fibonacci Strategy is one of the well-known betting strategies around. Compared to other strategies, this is considered safer and still offers players the potential to win.
The Basics of the Fibonacci Roulette Strategy
While this is popularly used when playing roulette, the strategy was not first developed for the game. It’s actually a Mathematical theory where a player will start with one and add the previous two numbers to come up with the succeeding number in the series. Here’s a look at the Fibonacci series:
1-1-2-3-5-8-13-21-34-55-89 and so on
In this number series, the first two numbers are 1 and to get the third number, these two numbers should be added. The process is repeated when one wants to continue the sequence. When applied to your betting sequence, you are not expected to start with 1. you can start at any number provided that the next sequence of numbers follow the same theory.
Here’s a basic example when you want to play this strategy. If you place a bet on an outcome and you lose, you just place a wager that’s equal to the last 2 wagers made to offset your losses. But if you win in a round, you need to revert back to your initial wager, like 1 betting unit.
How Positive and Negative Progression Work
In the example above, the betting approach used is the negative progression. In every loss made, a player needs to increase the amount of bet. There is also a positive progression that can be adopted when playing. You increase the amount of wager every time you win.
Let’s say that you start with 1 betting unit and on the next drop of the ball, you win. Using the positive progression, you will boost it to 2 betting units. The round is yours again and after two betting rounds, you now have 6 units. If in the negative progression you also started with 1 betting unit, it means that you will only earn 4 units at the end of play. Positive progression offers a decent profit, delivering a 33.33% increase in your winnings.
What are the Pros and Cons of this Betting System?
This strategy is similar to the Martingale as its less risky. If you have a decent bankroll and you put your bets on even-paying bets, the strategy will definitely deliver some winnings. The main concern with this strategy is that one is required to have a large bankroll which can offset a losing streak. If you lose 19 bets in a row, you will lose more than 10,000 betting units, and you need to play more than 6,000 units to continue the sequence,
- The Fibonacci Strategy is actually based on a Mathematical series of numbers
- The use of the numbers series dates back to the 1200s and was not first used for playing roulette
- The bets made using the Fibonacci Strategy will follow the number sequence
- It can come in two variants, the Negative and Positive Progression. In the negative progression, you increase your bets after every loss. Players will do the opposite when playing the positive progression