If you’re about to play roulette and are looking for some interesting betting strategies, you couldn’t have stumbled upon a better post. This article will cover the basics behind the Fibonacci roulette system — a negative progression strategy that functions similarly to the Martingale system.
This roulette betting system calls for an increase of the bet on a loss and a decrease on a win, but it’s a bit more nuanced than other strategies. Read on to learn more about this betting strategy and how to use it while playing roulette games.
WHAT IS THE FIBONACCI ROULETTE SYSTEM?
The Fibonacci roulette strategy is closely tied to the famous Fibonacci sequence, which is often applied in mathematics and science. The golden ratio, which describes predictable patterns in nature, is derived from the Fibonacci sequence.
This number sequence was first introduced by Leonardo Bonacci in his 1202 “Liber Abaci”, where he denoted the appearance of this sequence in everything from seashells to the population growth of rabbits. Leonardo Bonacci was referred to as Leonardo filius Bonacci (son of Bonacci) in the historical records of the 15th century, hence the name — Fibonacci. This is why many refer to the Italian as Leonardo Fibonacci, despite his official name being Leonardo Bonacci.
THE FIBONACCI SEQUENCE
The Fibonacci sequence begins with zero and one, and subsequent numbers are the sum of the previous two numbers. Here is how the Fibonacci sequence runs: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and so on.
For the purpose of roulette betting, we will consider the beginning of the sequence to be 1 and not 0 since the number 0 will simply nullify the bet. The Fibonacci sequence is infinite, so we wouldn’t worry about it ending at any point in time.
Let’s have a look at how the Fibonacci betting system can be applied to roulette betting.
HOW TO USE THE FIBONACCI ROULETTE STRATEGY
As with all negative progression betting systems, it is recommended that you start off with a small bet. Once you’ve racked up some experience using the Fibonacci betting system, feel free to adjust your bet as you see fit.
To use the Fibonacci strategy in roulette, follow the simple steps below. We will use a single-unit bet of €1 as a starting bet.
- If you’re just starting out, we recommend playing the free demo version of RNG roulette. This allows you to control the pace of the roulette game and practice betting strategies without draining your bankroll. When you’re ready to play with real wagers, you can enjoy First Person roulette tables or join one of the Live Casino roulette games at one of the best online casinos out there: LV BET!
- Take a seat and place your starting wager of €1 on only even-money bets, such as Red/Black, Odd/Even and Low/High (1-18/19-36).
- Keep the betting sequence handy; it is recommended that new casino players use no more than the first 10 numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34 and 55.
- Whether you win or lose your first bet, your following bet will be €1 as well.
- If you win the second wager, keep placing bets of €1 until you lose.
- If you suffer a losing bet, increase your wager to the next number in the sequence, €2.
- Should more losing bets ensue, keep advancing (betting the sum of the previous two bets) further in the sequence until the next win. For example, three subsequent losses mean that the following wagers should be €3, €5 and €8.
- When the streak ends with a win, decrease your wager by going back two numbers in the sequence. For example, if you win on the €8 wager, your next bet will be €3.
That’s all there is to the Fibonacci betting system! Once you get started on the Fibonacci number sequence, it’s all about rinsing and repeating the steps above. The Fibonacci strategy is relatively easy to learn and use, but we’d advise you to do so carefully.
It is recommended that you set limits and stick to your bankroll, as this strategy is far from flawless.
HOW THE FIBONACCI BETTING SYSTEM WORKS IN ROULETTE
Before using the Fibonacci roulette strategy, we’d advise you to have a look at the chart below, since it offers a visual representation of what this negative progression system really looks like.
CHART
As you can see, long losing streaks are very much a possibility, which is why you must be prepared to tolerate medium risk if you want to really try using the Fibonacci system.
More importantly, this chart serves to reiterate the fact that the Fibonacci method isn’t a magical betting system that can help your win rate.
Whether you’re playing European roulette, American roulette or any other roulette variant, the Fibonacci betting strategy can only help you curtail losing spins as much as your luck allows. We recommend using the Fibonacci system at a European roulette wheel since its house edge is much lower than that of American roulette.
THE FIBONACCI SYSTEM RULES YOU NEED TO KNOW
Prior to testing the Fibonacci roulette strategy at a roulette table, we advise our roulette players to pay close attention to the following aspects of online roulette. As with all the negative progression systems, care must be taken to understand how they will affect your gaming experience.
HOUSE EDGE
There is a big misconception that supports the notion that the Fibonacci system, along with many other betting systems, affects the house edge. This is not the case. Opting for even-money bets is one way how this system tries to extend your time playing, but this has no bearing whatsoever on the game’s house advantage.
You can test this betting system by opting for a bet with high odds, but this will invariably end up depleting your bankroll, since the likelihood of it paying frequently enough to counteract losses is very low.
BETTING LIMITS
A long losing streak might mean that you could reach your table limit. As we’ll mention below, we’d recommend establishing a personal limit on how much money you’re willing to spend. Table limits are there for a reason, so it wouldn’t make sense to offset their purpose by topping up your cash funds all the time.
BANKROLL
Nothing takes from the fact that roulette is one of the casino games that boil down to raw luck. The Fibonacci roulette strategy, as well as all the other roulette strategies out there, cannot help you win more frequently.
Your best course of action is to establish a gambling budget and stick to it no matter what the outcome of your roulette betting is. Constantly sinking money into online roulette might eventually warrant a call to the National Gambling Helpline, so this practice is well worth avoiding.
FIBONACCI SYSTEM PROS AND CONS
Every roulette betting system has its pros and cons, and the Fibonacci system is no different. Before committing to this or any other roulette strategy, make sure to take note of each advantage and disadvantage to help you decide whether it is worth pursuing.
ADVANTAGES
- One of the advantages of this strategy is that it is easy to follow and execute.
- The system around Fibonacci differs from Martingale’s, in that the bet is not reset on a win; thus, it offers a chance to make up for each losing spin faster.
- This strategy poses less risk than the Martingale, as the wagers are not doubled on a loss.
- Players can further reduce the risk by playing with small bets. The sequence can start with a bet of €0.10, following the same progression (eg: €0.10, €0.10, €0.20, €0.30, €0.50 and so on).
DISADVANTAGES
Unfortunately, this strategy shares many of the same downfalls as every other progressive betting system.
- Only even-money bets are suitable for this method.
- The effectiveness of the strategy is dependent on the player’s bankroll.
- Extended losing streaks can quickly turn this roulette strategy into a disastrous venture.
- Multiple losses can also reach the table’s wager ceiling, which ultimately results in a significant loss of funds.
- Players must have a strong understanding of odds and the house edge. There is nothing that can guarantee that a losing streak will come to an end, and this strategy does not impact the house edge in any way.
- In the long run, all betting progression systems are unsuccessful.
FIBONACCI ROULETTE SYSTEM TIPS AND TRICKS
As far as betting systems go, players should always keep a few things in mind to avoid going bust. Online casinos of the likes of LV BET offer you an opportunity to test roulette strategies in both online and Live Casino games, but it’s up to you to heed the following advice.
STICK TO EVEN-MONEY BETS
As we’ve mentioned previously, testing strategies must only be done with even-money wagers. Granted, the payout is only 1:1, but the probability of them paying is, by far, the highest in roulette.
This is a very significant factor when following a strategy since you’ll need the highest win rate possible to accomplish what the strategy was intended for: to stretch your bankroll as much as possible.
DON’T TEST THE STRATEGY WITHOUT A STRICT BUDGET
Allocating a gambling budget is something we never stop recommending. All strategies are bound to fail at some point, and in the event that your budget starts diminishing, you could either wager less or you could take a break. We recommend doing the latter, but if you really want to see out a particular strategy with a small budget, be ready to split your bets in very small fragments.
BE READY TO WALK AWAY
Implementing a strategy and seeing it fail is never a happy outcome, but it should be respected when and if it happens. Instead of seeing it out until your bankroll dips in the red, players should draw a line and refrain from gambling any further.
Most casinos will recommend you different strategies and how to implement them, but they rarely delve into what can happen when the player’s bankroll dries up. Only the best casinos of the likes of LV BET will prepare you for that eventuality, which is why it’s important to heed our advice. There is no such thing as a low-risk strategy, especially when playing roulette.
FAQ
✅ Does the Fibonacci roulette strategy work?
The effectiveness of this strategy is entirely theoretical and dependent on several factors. For one, the player’s bankroll is this strategy’s most limiting factor. Since the wagers corresponding to the sequence increase exponentially, the average player’s bankroll can take heavy damage.
Another important concept to distinguish is the gambler’s fallacy, the flawed belief that if an event occurs more frequently than normal (such as a losing streak on even-money bets), then it is less likely to occur in the future. Anytime you wish to use a roulette betting strategy, remind yourself that all roulette outcomes are statistically independent of one another.
This means that the odds of a win or loss on your wager do not depend on what has happened in the past. In other words, there is absolutely nothing that can guarantee success with the Fibonacci roulette strategy.
✅ Is Fibonacci better than Martingale?
The Fibonacci and Martingale systems are very similar, in that they are both negative progression systems and they both revolve around placing even-money wagers. The main difference between the two is that the Fibonacci system is less risky when it comes to lost bets, since it doesn’t outright double the betting unit of lost wagers — as happens in the Martingale system.
✅ How does the Fibonacci strategy work?
The Fibonacci strategy takes into account the Fibonacci number sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and so on), and it suggests that players mirror this sequence as they bet.
The first and second bet must be worth one betting unit. If the second bet fails, the third bet must be worth three betting units. If the bets keep losing, players should progress along the sequence until a win is landed. In this case, the player should go back to two places in the sequence.
✅ What is the Fibonacci formula in betting systems?
Also known as the Fibonacci sequence, the formula follows this very famous sequence of numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and so on. In essence, this sequence dictates that the next number equals the sum of the previous two.