Fibonacci system

The Fibonacci system is based on a mathematical sequence discovered by Leonardo Pisano, better known by his nickname Fibonacci. He was the son of Guilielmo and a member of the Bonacci family.

It is based on a sequence of numbers where the next number in the sequence is the previous two numbers added together. It starts with 1, and continues like this:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610 etc

In its basic form, a player begins with a 1-unit bet. He then keeps betting one unit until he loses, and then moves up one level after each loss, until he wins. After a win he backs up one level, and if he wins that bet as well, the run is completed and starts again at one unit.

EXAMPLE: a progression of 4 losses and two wins (LLLLWW) would see the following bets placed (the numbers in brackets show the level of your bankroll after the hand):

1, (-1), 1 (-2), 2 (-4), 3 (-7), 5 (-2), 3 (-1)

Twice as many bets have been as have been won, but the player is still1 unit ahead, simply because he has won two bets in a row.

In a similar series where the player does not win two in a row, but only 2 of 3 (LLLLWLW) he restarts the series, but this time out profit picture will be as follows:
1, (-1), 1 (-2), 2 (-4), 3 (-7), 5 (-2), 3 (-5), 5 (0)

In this instance, the 2 out of 3 wins at the end of the sequence have neutralized the progression, and the sequence starts again at 1 unit.

And suppose we decided to play a 12-step Fibonacci, with our top bet being 144 units. Our total risk, which is the complete and utter loss of an entire series, is 376 units, or 1 +1 +2 +3 +5 +8 +13 +21 +34 +55 +89 +144 = 376. He can lose eleven bets in a row, (LLLLLLLLLLLWLW), lose a total of 232 units in a row, then win 144, lose 89, win 144 for a total loss of 33 units, less than 10% of the player total bankroll.

The problem with the Fibonacci is not safety, therefore, but the fact that approximately half of your wins will come at the very first level of 1 unit, making it an often tedious albeit profitable method. In order to counter the boredom, some players will begin their progression at the 4th or 5th level, and alternately move up or down as they win or lose, depending on their goals.

To use the Fibonacci properly, a player must first memorize the progression, and then practice at home flipping a coin, until the bets are made automatically. It is a perfect system for all the even-chance games like Craps, Baccarat and Roulette, and can be easily modified into a money-management system for Blackjack and sports betting. It is also acknowledged as an excellent system for partners betting opposite each other. However, if you decide to employ this system, you will find fewer more powerful ways to win with as little risk.