The Fibonacci betting strategy for casino games (negative progression)

The system is based on a sequence of numbers where each new number equals the total of the previous two. It looks something like: 1,1,2,3,5,8,13,21 and so on. This sequence had its first uses when Fibonacci discovered that rabbits breed in this manner. It’s now commonly used in binary settings, art, architecture and of course, gambling.

Let’s use an example to show exactly how this system works in a real time setting. We will assume that all units equal $5 and the bets being placed are on even money bet such as Red in Roulette.

We always start by betting 1 unit since this is the first number of the sequence. If you win any bet you always go back to betting 1 unit on the next turn. If a bet loses, you would bet 1 unit again since betting 1 unit will gain our lost unit on the previous wager.

This is where the sequence starts to kick in and must be followed in order to properly apply this strategy.

Let’s say we lose one bet and must wager 1 unit on the next turn and lose this bet as well. What will be the amount of units bet next? Using the Fibonacci system, we would take our last 2 bets and add them together to give us our total units to wager. In this example, we wagered 1 unit on the first turn and 1 unit on the second which totals 2.

We are now betting 2 units and somehow lose again. We would again take our last bet amounts and add them together. We used 2 the last bet and 1 unit on second to last. Our next bet would be 3 units. The sequence would continue in this manner until you have won. Once you win, go back to start of the sequence by betting one unit. You can see that by betting the last amounts on all lost bets, we will recover those losses and be at least break even over time.

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