Throughout the history of gambling, players were always trying to increase their chances of winning and it wasn't a rare thing to see them using systems based on mathematics and science in general.
One of the most popular approaches in gambling is negative progression and among different types of negative progression, you can also find the Fibonacci method.
This method heavily relies on mathematics, and it is pretty common among players from all around the world. Another reason for its popularity is the fact that it can be applied to different casino games.
Brief History
It is believed that the Fibonacci method was originally introduced by Indian mathematicians. However, in the western world, it was popularized by the Italian mathematician called Leonardo Pisano.Also known as Leonardo of Pisa and Fibonacci, he also popularized the modern number system. Obviously, this method was named after him.
Although slightly more complicated than other negative progressions, the Fibonacci is still quite simple. It starts with zero and one.
Then, every new subsequence comes as a sum of the previous two numbers. The progression is infinite but here are the first 15 subsequences to help you figure out how the whole system works: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233 etc.
The Use of Fibonacci Method in Gambling
The Fibonacci method is used in various fields of mathematics but it is also a popular method in gambling. A good thing about it is that it can be used for various casino games.As you may presume, it is the most popular among roulette players, where it can be used for outside bets like Red/Black or Odd/Even.
However, blackjack, craps and baccarat players use it too. Finally, it's also a popular method in sports betting.
No matter the game, the principle is always the same. You skip zero and start with one. Of course, 1 doesn't have to be $1.
If you have bigger ambitions, you can start with bigger amounts and the initial bet will be considered a unit. So, the sequence would actually refer to a number of units.
So, if you start with 10 dollars, the second bet would remain the same. The third bet would be two units, which means $20 in this case. The next one would be five units or 50 dollars, and so on.
Common Rules
People who use the Fibonacci method for gambling usually have a couple of common rules that refer to winning and losing.For example, it's a common rule is to go two steps down after winning. So, if you win with the bet of 13 units, the next bet would be two steps down, which would be 5 units in this case.
However, some players rather prefer starting over again after winnings. This means that, no matter the bet, they will start with a single unit after they win.
Limitations of Fibonacci Method
Theoretically, the Fibonacci method sounds excellent and leaves no chances of losing. However, there are some limitations that could lead to the eventual loss of money.This refers to a scenario where a losing streak is too long and your budget is limited. In that case, you probably won't have enough money to stick with the sequence plan.
Even if you have a limitless budget, there's a chance that you won't be able to apply this method completely.
This refers to the fact that most casinos have a maximum bet for each game. So, if you reach that maximum bet during a losing streak, you will lose all your money.
Summary
As you can see, the Fibonacci isn't perfect. Although it sounds great in theory, it has its limitations, which are usually about the fact that it isn't always easy to stick with the sequence, due to budget and casino policy limitations. Therefore, it's important to check these things before you start practicing this method.Sources
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