# The Fibonacci Betting System for Online Casinos

Another Negative Progression System (ie one in which you increase your bets after a loss in order to claw back losses) is the Fibonacci System.

The Fibonacci system is a mathematical sequence of numbers in which each subsequent number is the sum of the previous two, ie if we were to start at 0 (the normal starter number for this sequence), the progression goes

0,1,1,2,3,5,8,13,21,34,55,89,144 etc.

When playing casino games (you play a Fibonaci a bit like you play the Martingale)- you kick off with a starter bet (lets say 1). Following a loss, you bet the sum of the previous 2 bets, so if you were on a losing streak you would bet 1,1,2,3,5 etc. Following a win, you jump back down 2 bet levels to get to your next bet. So for example, if you had just bet 8, you would cross off 8 and 5 on your sequence and your next bet would be 3.
There are variations on this. If you want to be slightly more aggressive, just nudge back one bet after a win (for example)

You´ll notice that the Fibonacci doesn´t ramp up quite a s quickly as the Martingale- which is good for your blood pressure, but remember it will take you more than one win to claw back your losses. Plus, you are not resetting your bet to the starter bet after a win, so you may have a more agressive betting strategy on your 2nd and 3rd bets after a win. You can also set your starter bet at a level you are comfortable with. Set it at 1 for the lowest risk. Go higher for more agressive betting.

Who´s This Fibonacci Character Anyway?
The Fibonacci sequence is named after an Italian mathmatician called Leonardo of Pisa, whose nickname was Fibonacci (He was the son of Bonaccio, or filius Bonaccio in Italian)

Fibonacci wrote a book in 1202 with the sequence in it.

So What´s The Story With The Fibonacci?
Well, Fibonacci kees popping up in nature. No one knows why- it´s just one of those mysteries of the Universe. And they are also used extensively by traders, particularly forex traders, as they seem to predict break-outs quite well (when the markets change trend, or break through resistance levels).

Fibonacci numbers also describe the branching in trees, the pattern of leaves on a stem, the fruitlets of a pineapple,, the flowering of artichoke, an uncurling fern and the arrangement of a pine cone. Pretty amazing, heh?

They are also said to describe rabbits breeding, the spirals of shells, and the shape of waves.

So Does The Fibonacci Work as a Betting System?
Again, we´d caution that the Fibonacci will not alter the odds of the game you are playing. Many people use this system to play the even money bets, or columns in roulette. That´s fine- just understand its limitations.

It´s going to take you longer than the Martingale to claw back losses BUT you won´t go so fast into the hole if you are having a run of bad luck. Use it to set yourself a clear betting strategy (when to take profits, when to cut your losses).

Buena fortuna! (as they say in Pisa).