The Fibonacci Betting System

Leonardo Pisano Bigollo (aka Leonardo Fibonacci) was an Italian mathematician from the Middle Ages, best known for citing the number sequence that became known as the Fibonacci Numbers in the Liber Abaci. The Fibonacci sequence of numbers is simply a sequence of numbers that starts with 0 and 1, with each subsequent number being the sum of the previous two. An example of the Fibonacci sequence would be 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 and so forth.Strange as it may seem, this famous number sequence has found its way from the Liber Abaci to the modern day online and offline casinos. Gamblers use the Fibonacci sequence in a variety of table games, but one of the most popular is roulette. Basically, you start by distinguishing a betting unit such as $1. Then you place your first bet and cross your fingers and heart. If you lose then you have to place another bet, but instead of doubling up (like you would in the Martingale system for example) you follow the sequence of bets on the Fibonacci sequence.  If you win a bet, you do not stop betting immediately. Instead, you cross off the previous two numbers in your sequence and bet the new number. Betting systems are never going to be able to consistently earn you money with events like Olympics betting. Gambling is a game of variance and as such the systems simply don’t work. But, from a fun perspective and a way to try and control how much you outlay the system can be beneficial.

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