Using the Fibonacci number sequence in gambling and betting systems

The Fibonacci sequence is actually a type of mathematical pattern that arises in science and nature time and time again. Ironically, this same pattern has been used as a betting system for casino games and gambling, including roulette. The pattern itself represents a type of growth or progressive expansion of a system and nearly everyone has heard about it since elementary school.

The pattern starts off with a single unit and begins to expand and grow as follows:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, …..

This pattern continues infinitely and there is actually a very simple way for you to determine the preceding numbers after the ones that I just displayed. All you need to do is add both preceding numbers to get the new one in the series. For example, 0 + 1  = 1, then 1 + 1 = 2. To get the next number after the numbers displayed in the series above, you would take 144 + 233 = 377.

Now for the purposes of gambling, you just start off using the series below:

1, 2, 3, 5, 8, 13, 21, ….

It is exactly the same as the one above except you take one of the 1’s out of the beginning since it doesn’t make sense to bet the same value after a consecutive win. You could do this if the winning and losing streaks are really spotty, but it’s not necessary.

Here is an example. Suppose you wager 1 chip and each chip is worth $5. If you win a wager on black or red after the wheel is spun, you would then bet 2 chips or $10. If you win again, then you would bet 3 chips, then 5 chips and so on after winning each time in a row. If you win 10 times in a row, you would be betting 144 chips or $720!

The trick here is to determine when you are going to settle with your profits and start the cycle over. Also, this betting system depends on winning streaks since this is a positive progression strategy, which indicates that you increase your bets as you win. If you lose at any point along the series, then you start all over again at 1 chip, which reduces your risks and prevents you from losing your entire bankroll quickly. Risk management is one of the purposes of the safer betting systems. Many people swear by this betting system, mostly because this sequence of numbers appears in nature so frequently and people tend to think the immaterial and invisible “background” luck of nature is on their side as well.