Although it’s not the most straightforward betting system around, you don’t need to be a genius to learn the rules of the Fibonacci Betting System or use it when you play casino games online.
As counterintuitive as it may seem to keep betting you’ve lost money, the idea behind this approach is that, as you wager bigger amounts after this happens, you’ll eventually win back the money that your last two losing wagers took from you.
You don’t have to memorise the Fibonacci Sequence when you enjoy casino games on your desktop, smartphone, or tablet though since you can write yourself a cheat sheet and just keep it near you when you play! This is one of the many reasons so many players are opting to have fun spinning slots reels, upping the ante in Poker games, and betting on the Banker’s hand online instead of at brick-and-mortar venues these days.
The Fibonacci Sequence as a Betting System
The order of numbers works cumulatively, so each digit in it is the sum of the two previous ones. When applied to betting, each number represents a wagering unit. In simple numbers, it looks like this: 1, 1, 2, 3, 5, 8, 13, 21, and so on.
When you use it at onlinepokiesnz.co.nz sites you can change the numbers to represent a betting amount. If 1 is $10, for example, the sequence becomes $10, $10, $20, $30, $50, $80, $120, $200, etc.
Steps for Using the Fibonacci Betting System
The first thing you’ll need to do is find a reputable, licensed, and registered online casino and sign up for a real player account. Then you’ll make your first deposit and can select a game to play. The Fibonacci System works best when even-money bets are available, which means it’s the perfect fit for Baccarat, Blackjack, Craps, Roulette, and the like.
Then you’ll need to choose which singular betting unit you’re going to apply to the betting system to, so review your budget carefully and remember to take your financial limitations into account. It’s always recommended that you start with low amounts like 10 or 20 because the potential of losses is greater when you’re using a Negative Progression betting system like this one. Set the maximum amount you’re willing to lose and then adhere to this rule religiously.
Once you’ve placed your bet, whether you win or lose it determines what happens next. You’ll move up the sequence if you lose, according to the predetermined chain of numbers outlined in the Fibonacci Sequence.
If you win one of the wagers you make, you will move down two numbers in the sequence. So if you were at 5 betting units, staking $50 as per the example, you’ll move down two spots, to 2 betting units, or $20. If you’re still at the start of the sequence and you can’t move back twice, just stay where you are, moving forward only when one of your bets is unlucky.