Fibonacci betting system explained
The Fibonacci betting system scales bets according to the Fibonacci sequence, which is a succession of numbers that sees each successive number be the sum of the two numbers that came before. The sequence starts with 0, 1, so to demonstrate the system, we’re going to start with a $1 bet.
Let’s say that you put this initial $1 bet on the Calgary Flames to beat the Vegas Golden Knights in regulation at odds of 2.40. However, once the final buzzer goes, the Flames have lost, and you’ve lost your bet. As the sequence runs 0, 1, your next bet is the value of your first added to the value of the number before.
So, your next bet is again $1, this time on the Golden Knights to stay hot and beat the Vancouver Canucks in the hockey betting at 2.32. It turns out that you should have stuck with Canada, with the Nuks winning and you losing your second bet. Next, your bet becomes the sum of the last two values ($1+$1+$2), which you wager on the Toronto Maple Leafs to beat the Florida Panthers at 2.11. This time, you win, returning $4.22 to cover your total wager.
As you can see, the Fibonacci betting system is designed to recuperate after losing a bet. It’s essential that when using this betting system at Mr Green, that you stick to the same bet value throughout and target single outcome markets at odds as close to 2.00 as possible. This enables the sequence to stay true and have the best chance of returning your previous stakes.
However, a losing streak can make the Fibonacci betting system a costly one. Assuming a $1 initial stake, here’s how the sequence would go for ten consecutive losses: $1, $1, $2, $3, $5, $8, $13, $21, $34, $55 – a total betting spree of $143.