The Fibonacci betting strategy is a system based on the Fibonacci sequence and is one of the most popular methods to beat roulette.
The betting outcome depends on where you bet and what you bet on. Wagers that cover either of the two outside numbers (i.e. 1 or 36) produce losses, whereas those that cover just one number in between (28/34/38) will produce a gain if it covers your initial bet, and result in a push if it doesn’t.
What you need to know about Fibonacci betting strategy:
Fibonacci bets are made up of a sequence of three numbers: the inside spread and the outside spread and the deciding number in between.
The Fibonacci betting system is based primarily on using one’s initial bet to establish the Fibonacci numbers for two or three successive lines. The process bestiges, starting with whole numbers (1, 2, 3, 5, 8), then mixing in the smaller Fibonacci numbers (0.5, 1.5, 2.5) between larger Fibonacci numbers to create the Fibonacci sequence (1/0.5, 2/1.5, 3/2.5, 5/3.5). The fractions (0.384615384615384615384615… and so on) in between consecutive Fibonaccis are considered “junk numbers.”
The number in the center can be any of the following: 0.5, 1.5, 2.5, 3.5, 5.5 or 5 and still maintain the Fibonacci sequence and will mean that each consecutive number will be 1 higher than the previous number:
At first glance the system might appear quite complicated because of its “junk” numbers, however it is very simple and easy to follow. The first seven steps are as follows:
The 8th step (8/1.75) means bet 8 units on number 19 (1). If 19 does not come up then the 8 unit stake is lost. If 19 comes up and you win, the 9th step (9/3.5) means bet 9 units on number 19 and if 19 comes up and you win this time the 10th step (10/7.5) means bet 10 units on “A”.
8/19 10/A8 10/A8 10/A8 15/A8 15/A8 15/17.5 17.5/23 23/34 34/45 45
The total winnings on the above bet is $78.75, compared to $7 had the 8 unit bet won on its own. This is why Fibonacci betting strategy is so popular amongst roulette players, as it allows you to increase your winning percentage against the house by more than double.
If the first bet loses, you must make a series of bets that will recoup your original wager. The sequence is roughly 1-2-3-5-8-13. These are the only numbers that are not considered “junk” numbers.
Ex. 7/1.75 9/3.5 10/7.5 15/A8 15/A8 15/A8 15/17.5 17.5/23 23/34 34/45 45
Note: this sequence will win you the same amount if the original bet loses (because you would have made up for it in bet 2 and 3), or lose money if the first bet wins (because you would have lost in all subsequent bets).
Fibonacci betting strategy is most profitable when it is used with two or more bets on each column.
11/11-1 11/5-1 11/5-2 11/5-3 5/4-1 7/2.5 9/4.5 13/-1 13/-2 13/-3
Each time the former comes up, the Fibonacci sequence numbers are already known and if they happen to cover your original bet you will win.
In this example, you would have made a 11/11-1 bet, which pays 5-1 odds and won your stake plus an additional 11 units. You then would have made a 5/4-1 bet on the second column, which paid 4-1 odds and lost your original wager of 7 units. You then would have made a 7/2.5 bet on the third column, which paid 2.5 units and resulted in losing 3 units more than what you initially gave up. The 11/11-1 bet would have won an additional 4 units, which means you would have won another 9 units for each winning bet. You then would have made a 15/-1 bet on the fourth column, which paid 1 unit and lost your original wager of 4 units. You then would have made a 15/-2 bet on the fifth column, which paid 2 units and lost 2 more than what you initially gave up. The 11/11-1 bet would have won an additional 2 units, which means you would have won another 6 units for each winning bet. You then would have made a 13/-1 bet on the sixth column, which paid 1 unit and lost 3 more than what you initially gave up. The 5/4-1 bet would have won an additional 2 units, which means you would have won another 6 units for each winning bet. The sequence would then repeat itself starting with the 11/11-1 bet. The next time the sequence repeats itself, you would have lost all previous stakes, but the sequence would start over with a new sequence of bets starting with your original stake.
This tactic was created by Tony Bloom, founder of the company now known as Ladbrokes. It is used to reduce risk by ensuring that if a loss occurs, after which all previous bets are void, there will still be one more cycle of bets remaining before consecutive losses occur.