How does the Fibonacci betting system work?
The best way to explain the Fibonacci betting system is by using an example. Let’s say you are playing roulette and you bet £1 on your first bet.
You place your first bet on evens, hoping that the ball lands on an even number. The odds for this to happen are 2.00. You’re playing against the dealer and having a good time but once the game is over your mood goes down. You just lost your first bet. No big deal, you place your second bet on another event and you wager £1 again, if you win this one you double your investment and gain £2, which means you will break even.
And… it’s a loss again. But no worries, we’re using the Fibonacci system! This time you add the total of your first bet and your second bet (£1 on the first bet + £1 on the second bet), place it on a colour, and hope for the best.
Finally, it’s a win! You win £4. Not only do you break even, but you also manage to make a profit of £2. Not bad. For your next bet, you start over at the initial amount (£1).
Do you understand the idea behind the Fibonacci betting system? Every time you lose, you place a bet amounting to the total of your last 2 wagers in order to minimize your losses. If you win, you always start over at your first wager, 1 dollar.
The betting sequence in case of fifteen multiple losses in a row would look like this: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610.
In order to manage to minimize your losses, it is important that the odds you bet on are always at a low limit of 2.0.