How to Use the Fibonacci Roulette Strategy
Roulette is a classic casino game of chance that has been around for hundreds of years. It’s an exciting game of luck and there’s no guarantee that you’ll win. However, many have developed betting strategies to try to increase their chances of winning and stretch their bankroll.
One such strategy is the Fibonacci roulette strategy, which is based on the mathematical sequence named after the Italian mathematician Leonardo Fibonacci. Many have heard about it, but don’t quite know how it actually works. Continue reading our guide to understand the basics and how you can apply it when playing roulette.
How the Strategy is Applied
The Fibonacci number sequence is used to determine what your next stake will be. The sequence goes as follows: 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. Each number in the sequence is the sum of the previous two numbers. For this strategy it works with the even bets in the game of red/black, odd/even, and high/low.
Should your bet lose, you’ll move on to the next number in the sequence and place your bet on the same outcome. Should your bet win, you go two steps back in the sequence. For example, if you win after betting 8, you would move back to 3.
Type of Betting System
The Fibonacci roulette strategy is a negative progression betting strategy, which means that you are increasing your bets after a loss. This means when you do get a win it will be a higher payout with an increased stake. The system will help you recoup losses in a quicker manner and with some wins you can hope to come out ahead or at worst break even.
What are the Pros and Cons of the Strategy?
There are several pros and cons to using the Fibonacci roulette strategy:
• Losses are not as substantial as martingale
• Easier to recoup losses
• The strategy is simple to understand and use
• One of the safer betting strategies when using lower bet amounts
• The roulette strategy doesn’t guarantee a profit, as roulette outcomes are random
• Can be costly if you experience losing streaks
• Table limits can cause the sequence to stop
Betting Examples Applying the Strategy
If your bet loses, you’ll increase your bet by the last two numbers in the sequence. If your bet wins, you’ll decrease your next bet by moving down two places in the sequence.
Your main goal using this betting system is to keep playing the sequence until you reach the starting point of 1. This will signify that you’ve won enough to recoup your losses and potentially turn a profit.
Factors to Take Into Account When Using the Strategy
Apart from roulette being random, there are two additional important factors that you must take into account when using this strategy. They are the house edge and betting limits and here are some details on each below.
Casinos have a built-in advantage in all their games due to the house edge. This means that, over time, you’re likely to lose a portion of your stake, regardless of playing strategy. The house edge varies between different games. For the two most popular forms of roulette in the American version and European version the house edge is 5.26% and 2.64% respectively.
Always making sure that you understand the house edge of any casino game is an important part of playing responsibly.
Betting limits that are imposed by online casinos can limit the effectiveness of this strategy. If the betting limits are low, you may not be able to increase your bets enough to make up for your losses and eventually recover your original stake.
This limits the betting system’s ability to succeed in the long run, even if it is based on a sound mathematical principle. It’s important that you always keep in mind that all betting systems have limitations.
The Reverse Fibonacci Strategy
The reverse Fibonacci strategy works in the opposite direction of the traditional Fibonacci roulette strategy. it basically just switches things up, as after you win, you will increase your stake but if you lose you go back two spots in the number sequence. Ultimately, the main idea behind the reverse strategy is that you’ll be able to capitalize on your winning streaks by making larger bets, while still being able to minimize your losses if you experience a losing streak.
Which is Better?
The standard Fibonacci strategy is a bit more aggressive, as you increase your bet after each loss. This can lead to larger losses during a losing streak. On the other hand, the reverse Fibonacci strategy is more conservative, as you decrease your bet after each win.
This can make it more suitable for players who are risk-averse or who have a smaller bankroll. The answer to this question is subjective and depends on your personal preferences and playing style.
What We Think
Using the Fibonacci roulette strategy isn’t a guarantee of success. However, if implemented correctly, you’ll find that it’ll help you manage your bankroll and minimize your losses. The effectiveness of the Fibonacci roulette strategy and the chances of you turning a profit depends on your individual needs and betting style.
You may find that this strategy works well for you and allows you to consistently turn a profit, or you may find that it doesn’t suit your playing style at all. As with any betting system, it’s essential to use the Fibonacci roulette strategy responsibly and play within your budget. Always remember that gambling should be a fun and entertaining experience.