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Betting Systems

Fibonacci - Wikipedia


The Fibonacci betting system is another negative progression betting system. It is simple and easy to follow. In its most basic form, you follow the Fibonacci sequence on a losing streak, and reset to betting 1 on a win.

The Fibonacci sequence is Xn+1 = (Xn + Xn-1) where Xn:-1 =0 and Xn:0 =1.
Thus first few items of the sequence is: 1,1,2,3,5,8,13,21,34,55,89...

So an example of a betting using the basic Fibonacci system:
Bet AmountBet ResultTotal Profit
1Loss-1
1Loss-2
2Loss-4
3Loss-7
5Win-2
1Win-1
1Win0
1Loss-1
1Loss-2
2Loss-4
3Loss-7
5Loss-12
8Loss-20
13Loss-33
21Loss-54
34Win-20
1Loss-21
As can be seen in the example above, the Fibonacci betting system is not sustainable using a payout of 2, because it does not progress fast enough on a loss. Using a higher payout can be an alternative. Alternative methods to use the Fibonacci sequence is in a similar way to d'Alembert, to step 1 step right in the sequence on a loss, and step 1 step left in the sequence on a win.
Bet AmountBet ResultTotal Profit
1Loss-1
1Loss-2
2Loss-4
3Loss-7
5Win-2
3Win1
2Win3
1Loss2
2Loss0
3Loss-3
5Loss-8
8Loss-11
13Loss-24
21Loss-45
34Loss-79
55Win-24
34Loss-58
This is a slightly more profitable method than the basic Fibonacci, but suffers from the same fundamental flaw as the d'Alembert strategy; requiring an equal amount of wins and losses. The system can further be customized by adjust the number of steps to take into the sequence on a win or a loss. You can, for example, step 2 steps right on a loss and 1 step left on a win. The Fibonacci system can be reversed into a positive progression system as well, by increasing your bet on a win and decreasing your bet on a loss instead.



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