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Betting Systems

Fibonacci - Wikipedia

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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 Amount Bet Result Total Profit
1 Loss -1
1 Loss -2
2 Loss -4
3 Loss -7
5 Win -2
1 Win -1
1 Win 0
1 Loss -1
1 Loss -2
2 Loss -4
3 Loss -7
5 Loss -12
8 Loss -20
13 Loss -33
21 Loss -54
34 Win -20
1 Loss -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 Amount Bet Result Total Profit
1 Loss -1
1 Loss -2
2 Loss -4
3 Loss -7
5 Win -2
3 Win 1
2 Win 3
1 Loss 2
2 Loss 0
3 Loss -3
5 Loss -8
8 Loss -11
13 Loss -24
21 Loss -45
34 Loss -79
55 Win -24
34 Loss -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.