Betting Strategies# Understanding the Fibonacci Betting System in Sports Gambling

## Example of Using the Algorithm

## Example of using the Fibonacci Sequence in Ice Hockey Betting

## Conclusion

- Home
- Wiki
- Betting Strategies
- Understanding the Fibonacci Betting System in Sports Gambling

02.05.2023, 11:48

25.05.2024, 13:07

53

0

Table of contents

The Fibonacci betting system is a well-known and widely used strategy in sports gambling. It is based on the Fibonacci sequence, a mathematical sequence named after the Italian mathematician of the 12th century, Leonardo Fibonacci.

The sequence is created by adding the last two numbers to obtain the next value. For example, the sequence goes 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. The Fibonacci sequence has found its way into sports gambling and is often used in horse racing betting.

In the Fibonacci betting system, the player starts by betting the first number in the sequence, usually $1. If the player loses the bet, they move to the following number in the sequence and bet that amount. If they lose again, they move to the following number in the sequence and continue doing so until they win a bet. Once they win a bet, they return two numbers in the sequence and bet that amount. If they lose again, they repeat the process to the following number in the sequence.

Let’s consider the bet sum before the first loss is $100.

- The sum of the next bet after the first loss is $200.
- If the bet of $200 wins, the player returns to step 1. If it loses, the next bet is $300.
- If the bet of $300 wins, the player returns to step 1. If it loses, the next bet is $500.
- If the bet of $500 wins, the player returns to step 2. If it loses, the next bet is $800.
- If the bet of $800 wins, the player returns to step 3. If it loses, the next bet is $1300.
- If the bet of $1300 wins, the player returns to step 4. If it loses, the next bet is $2100.
- If the bet of $2100 wins, the player returns to step 5. If it loses, the next bet is $3400.
- If the bet of $3400 wins, the player returns to step 6. If it loses, the player returns to step 1.

To place a bet, we select ice hockey matches between evenly matched teams and bet on a draw during a period with odds ranging from 2.50 to 3.00. This strategy has proven successful in the past. It is recommended to choose bookmakers that offer a limited number of betting options for the period to increase the chances of success.

Our betting strategy involves placing a 1 nominal bet on a draw during a period until we win. If we win the bet, we place another 1 nominal bet on a draw in the next period. However, if we lose, we double our bet to 2 nominal and continue doing so until we win. Once we win a bet, we return to the 1 nominal bet on the next period.

If we win the 2 nominal bet, we return to step 1. But if we lose, we increase our bet to 3 nominal for the next period. If we win the 3 nominal bets, we return to step 1, but if we lose, we increase our bet to 5 nominal for the next period, and so on.

The sequence of nominal bets continues with increasing amounts based on the Fibonacci sequence until we win a bet and return to the previous step. However, if we lose the 34 nominal bets, we go back to step 1 and start again. This betting strategy is intended to compensate for losses with increasing bets until we eventually win and start over again.

The Sequence:

- If we win, we place a 1 nominal bet on a draw in the next period. If we lose, we place 2 nominal bets on a draw in the next period.
- If we win the bet of 2 nominal bets, we return to step 1. If we lose, we place 3 nominal bets on a draw in the next period.
- If we win the bet of 3 nominal, we return to step 1. If we lose, we place 5 nominal bets on a draw in the next period.
- If we win the bet of 5 nominal bets, we return to step 2. If we lose, we place 8 nominal bets on a draw in the next period.
- If we win the bet of 8 nominal bets, we return to step 3. If we lose, we place a bet of 13 nominal bets on a draw in the next period.
- If we win the bet of 13 nominal bets, we return to step 4. If we lose, we bet 21 nominal bets on a draw in the next period.
- If we win the bet of 21 nominal bets, we return to step 5. If we lose, we place a bet of 34 nominal bets on a draw in the next period.
- If we win the bet of 34 nominal bets, we return to step 6. If we lose, we return to step 1.

The Fibonacci betting strategy can be effective when used in conjunction with a sound betting approach. In this strategy, selecting suitable events for bets and managing bankroll wisely is crucial. It is recommended to choose matches independently and avoid impulsive gambling.

Moreover, following discipline and controlling emotions are essential for success using the Fibonacci betting strategy. Sticking to a predetermined betting plan is essential, regardless of whether the bets are winning or losing. Patience and consistency are crucial to achieving long-term success in sports betting using this strategy.

## Comments0