The Fibonacci Strategy: How To Use It To Your Advantage

The Fibonacci Sequence Casino Strategy

Strategy is essential for success, as simple as that. Whether you are playing sports or you are gambling at your favourite online casino, playing without a strategy is a mistake that can cost you dearly. This is why you will find professional gamblers and world-renowned athletes always approaching a match or a game with a pre-determined strategy. This particularly applies to iGaming and gambling, as playing without a plan can be absolutely detrimental to your finances. One of the easiest and most effective strategies used in gambling is the Fibonacci strategy, named after the Italian mathematician by the same name, and frequently used in games such as roulette.

Regardless of whether you are betting on sports, spinning the reels, or playing casino games in the likes of poker, roulette and blackjack, having a clear plan will always give you an advantage. And while it is true that there are quite a few strategies that you can use in gambling, utilizing the strategy effectively requires much more than you may think.

This is why it is very important to learn everything about the game beforehand. By understanding the type of casino game or sports bet that you are about to play, you drastically increase your chances of being successful. 

In this article, we will break down everything that you need to know about the popular Fibonacci strategy. From how it works to where you can use it most effectively, this guide will help you get a better understanding of this iconic strategy, and more importantly, help you become better at gambling.

What Is The Fibonacci Sequence?

The biggest question now is what is the Fibonacci strategy? Well, the Fibonacci strategy is based on the principle of the Fibonacci sequence where each number is the sum of the two preceding ones. 

Knowledge about the Fibonacci sequence goes back as early as c.450 BC – 200 BC, and it first appeared in Indian mathematics in connection with Sanskrit prosody. The sequence was mainly brought to life by the Italian mathematician Fibonacci (1170 – 1240-50) who is widely considered “the most talented Western mathematician of the Middle Ages”.

As we already said, the Fibonacci sequence is a progressive ladder where each number will equal the sum of the two previous numbers. Moreover, the numbers in this sequence are also known as the Fibonacci numbers and are commonly denoted with the symbol F_n.

To give you a perspective of how this sequence works, these are the first 10 Fibonacci numbers:

F0	F1	F2	F3	F4	F5	F6	F7	F8	F9	F10
0	1	1	2	3	5	8	13	21	34	55

Now that you have a clear idea of how this sequence works, you start to understand how and why this strategy is used in the world of gambling. 

What Type of Strategy Is Fibonacci?

The first thing you need to know before you start using the Fibonacci sequence as your next roulette strategy is to know what type of strategy you are actually using. What do we mean by that?

There are three different types of formats that apply to all gambling strategies, and these include:

• Negative Progression Strategies – require you to decrease the bet every time you lose

• Positive Progression Strategies – require you to increase your bets every time you hit a win

• Regular Wagers

From here, you should know that the Fibonacci strategy is a Negative Progression System, despite the fact that on paper it seems like a positive progressive sequence on paper.

Understing the different strategy formats can help you better understand what type of strategy you should use in different situations. Only by having this knowledge, you can successfully apply the best gambling strategies to your advantage.

How To Use The Fibonacci Strategy

As we already established, the Fibonacci strategy is a Negative Progression System that requires you to decrease your bet every time you lose. As such, the Fibonacci staking plan is mostly used when playing high-RTP (return to player) online slots, and dedicated casino games such as Roulette.

Just as the name suggests, the way that this system works is that you have to progressively increase your bets after a loss. The theory behind the Fibonacci strategy is that you need to bet the amount of your last two bets.

If you win, you reset your next bet to 1, which is very much similar to the Fibonacci Sequence itself. 

• 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144

Or to sum up the rules in two simple sentences:

• Every time you lose a bet, move one number up the ladder, then bet this number of units.
• Every time you win a bet, move two numbers down the ladder, then bet this number of units.

The main point of the Fibonacci sequence strategy is to help you cut losses and recover faster. This automatically makes the Fibonacci strategy forgiving on your bankroll in the long run, especially if you are experiencing a losing streak.

Is the Fibonacci Sequence Strategy Effective?

The first thing we will say is that playing with any strategy is always better than playing without a strategy. Even a bad strategy is always going to be better than placing wagers based on intuition and emotion.

With that being said, there are several things you need to take into account prior to applying this strategy.

The first thing you need to know is that while this strategy will undoubtedly yield results, it is most efficient when applied to casino games with even odds. This includes wagers such as betting on red vs black in roulette, a game where the Fibonacci strategy can be perfectly applied.

Moreover, in order for this formula to guarantee success and recover your losses in the most efficient way possible, you need to make sure that the odds are the same on every bet that you make.

This is why the Fibonacci strategy is rarely used in sports betting, as bets that are 50/50 or +/-100 are very rare. And while total lines and spread are consistently at -110, bets such as futures, moneyline, and props are very unpredictable. This is why most sports betting players tend to avoid the Fibonacci strategy when betting.

And even if you find spreads at -100 odds, in order to apply this strategy effectively you will need a basically unlimited budget if you want to profit.

For example, if you bet $10, you will then need $890 on a single bet after your losing streak just to break even.

This is why many sports betting players consider negative progressive strategies “chase betting”, and tend to avoid them.

When it comes to online slots and roulette, however, it is a completely different story, as you can see the RTP and the house edge of the game prior to your wager. This gives you the freedom and the option to tailor your approach according to your budget, which is very different from sports betting.

Final Thoughts

The takeaway from our review is that the Fibonacci strategy is effective under the right circumstances. If you avoid using it for sports betting and apply it to casino games such as roulette or high-RTP online slots, then you will have success.

Keep in mind, however, that just as with any other casino strategy, Fibonacci doesn’t guarantee a 100% success rate. This is why you should use it in situations where it is required. Mind your bankroll, as this strategy can be highly volatile if you are chasing your losses.

Other than this, you are now ready to employ the Fibonacci strategy in your next casino session. As always, stay safe, have fun, and gamble responsibly.

Frequently Asked Questions (FAQs)