What is the Fibonacci betting system?
The Fibonacci betting system is one of the many betting strategies available today. In the following article, we will explain in more detail what this is all about. Betting on a Fibonacci sequence is undoubtedly a controversial concept. There are definitely players who make big profits thanks to this strategy, but its risks are not insignificant.
The basic concept of betting according to the Fibonacci sequence is simple – you bet on a draw. If you lose, you bet on a draw again, referring to the specific key used to increase the bet. It is important to use an odds ratio of over 2.62 (specifically 2.618); and fortunately for people who want to implement the strategy, quite a few matches offer these or higher odds of a draw. The higher the odds, the better it is for the players.
Fibonacci numbers and betting sequence
If you lose your first bet, you simply wager on a draw for the next, which will rely on the sequence of Fibonacci numbers. The number combination is thus a sequence of numbers, in which the sum of the first two results in the third number. For example, the first Fibonacci numbers look like this: 1-1-2-3-5-8-13-21-34-55-89-144-233-377-…and so on.
Using the scheme and if you start betting with 1 euro, let’s say the first draw with odds greater than 2.62 is a loss. The next time, you bet 1 euro, then 2 euro, 3, 5, 8, 13 and so on. It is mathematically understandable that any profit you make will compensate for previous losses, guaranteeing a small profit.
An example of a bad coincidence
Take, for example, a situation in which you lose ten times in a row and win your bet the eleventh time. In this case, you have already bet 143 euros and you finally win the 11th time. Assuming that the successful bet had a odds of @ 2.80, your winnings are 403.20 euros with a total bet of 287 euros, which makes your net profit 116 euros.
The disadvantage of this strategy is obvious. If we assume that you lose not ten consecutive bets, but twenty, then you will already have lost about 17,000 euros. This is too much for almost anyone and it is not worth the risk.
When you bet using the Fibonacci sequence, you’re relying on a timely win. If such doesn’t come or you fail to take advantage of it, there will come a time when you will not be able to afford the bets and you will lose a lot of money. Of course, this strategy has worked flawlessly so far, and further analysis by teams that often achieve draws can help determine the right matches to wager on.