The Fibonacci Betting System is one of the most popular betting strategies available today. Here we explain what it is all about.
Fibonacci Betting Strategy
Fibonacci betting is undoubtedly a controversial concept, but there are sports bettors who have definitely succeeded in it. This strategy does come with some risks, but with the right amount of luck and a good nose for it, You can succeed while using this strategy.
The basic idea of betting on the Fibonacci sequence is simple: bet on a tie. If you lose, simply bet on the next tie according to the given key and start increasing your bet.
It is important that the odds for a tie are higher than 2.62 (to be precise: 2.618); fortunately for those who want to use this strategy, there are many tie bets for this minimum odds. The higher the odds, the better.
If you lose, simply bet on the next tie after the Fibonacci sequence. It is a sequence of numbers where the sum of two consecutive numbers produces the next number, making the Fibonacci sequence an infinite sequence of natural numbers. You can find more information about the Fibonacci sequence on Wikipedia.
So if you start betting with 1 euro on the first draw with odds> 2.62 and lose, the next time you bet 1 euro again, then 2 euros, then 3 euros, then 5 euros, then 8 euros, then 13 euros, and so on.
It is mathematically understood that every profit you will make from this bet will compensate for the previous loss, and you will also make a net profit.
Example of a bet Fibonacci
Let's take an example of a situation where you lose ten times in a row and win the bet for the eleventh time. In this case, you have bet 143 euros and finally successfully placed the eleventh number in the Fibonacci sequence, which is 144 in the bet. If we now assume that the successful bet had odds @ 2.80, you would win 403.20 euros. You have bet a total of 287 euros, making your net profit 116.20 euros.
The disadvantages of this strategy are also obvious. Suppose you lose not ten bets in a row, but 20 times, then you have lost 16,910 euros. This is a large bankroll, which, of course, you should not risk with such a bet sequence. You can find out more about this in our explanation of bankroll management.
Fibonacci Betting System – Our Conclusion
When betting on the Fibonacci sequence, you depend on success at the right time. Otherwise, you will eventually be unable to pay off your bet. And you will lose a lot of money. Of course, this strategy works well too. For example, you can focus on one team that is known to draw, but purely based on probability theory, one day you will reach a stage where you can no longer manage your finances.
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