The Fibonacci system, or the Fibonacci numbers, as it is usually referred to, came to popularity in the Middle Ages. That's when Leonard of Pisa published his work on the numbers system in his text Liber Acaci. While Leonardo did not invent the number sequence per se, he did use it in various examples, which brought to light its significance within arithmetic.
While the equations can be difficult to understand, especially if you're not particularly mathematically inclined, the Fibonacci system can be explained by using the following number sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89
As you can see, the sequence begins with '0', then moves on to '1', after that it repeats '1', then goes on to '2'. So what is happening within this sequence? Well, each following number is equal to the sum of the previous two numbers. Here's an easy to understand example of this in action:
1, 1, (1+1= 2), 2 (1+2=3), 3 (2+3=5), 5 and so on.
Those among you who are familiar with the different types of wagering will realise that the Fibonacci betting system is a progressive one. This means that every time you place a bet, you increase your wager by a certain amount. When applied to gambling, there are usually some conditions. The most common is that you only increase your bets after losing a wager. Here is how the Fibonacci system would work in terms of betting:
Essentially, following the Fibonacci system, your losing bet increases every time by adding together the two previous bets to come out with your next wager amount. While this could be described as a particularly aggressive mode of betting and one that would lead to chasing your losses, the Fibonacci system is particularly popular when it comes to roulette and blackjack. This meant that what was once called Fibonacci numbers becomes referred to as different game methods, such as Fibonacci roulette system, or even, the Fibonacci blackjack system.
The Fibonacci system works best when placing even money bets. It's particularly popular when betting on red, black, even, or odd at a blackjack table. Most people use this system to adjust the size of the bets when they lose. By increasing your wager after a loss, the goal is to have your subsequent win eclipse your loss up until that point. That means if you win your bet, you should return to the beginning of the sequence.
As you may be able to tell, the Fibonacci system is far from perfect. There is one fundamental flaw that might be apparent if you've ever tried upping the ante to make up for a loss. That would be table limits. All tables have a maximum, which could very well cause your system to come to a screeching halt. Imagine if you play at a table with a £100 limit, if you lose ten bets in a row, you won't be able to wager £144 on your eleventh bet.
This brings us to our next point, which is bankroll management. It's important to realise that betting systems require discipline. It's essential that you see the system through whether you win or lose. It's even more critical to ensure that your starting bet is in line with your available bankroll. We recommend that your initial bet is roughly 1% of your starting bankroll. In addition, try playing at a table with low minimums and high maximums. That makes it easier to accommodate the variance in gameplay. It's essential to acknowledge that probabilities are true over time. Even though it's unlikely that the wheel will land on a black number ten times in a row, it's entirely possible even when the games are fair. By betting sensibly, you can insulate yourself if you have a lengthy losing streak.
While there are obviously no guarantees when gambling, discipline goes a long way when playing games of chance. The Fibonacci system is always worth a try. It's easy enough to understand and aims to protect you against losses.
We recommend giving it a shot at an online casino. You can play for free right now while you get comfortable with the method. It's definitely worth your time to master this ancient, but proven, approach.