The Fibonacci betting system is considered to be a progressive type of betting system used in many casino games that require a wager to be placed. It helps players to be able to decide their next bet amount by following the numbers in the Fibonacci system. In this article, we will go over how the Fibonacci system betting strategy can be used in Blackjack.
What is the Fibonacci Betting System and how does it work?
The Fibonacci betting system uses the mechanics of the Fibonacci sequence to decide how to place the next wager. Using the results of the last even money bet and whether it won or lost will determine what players do next. The aim is to win back after losses and potentially end the session with a profit.
For those not in the know the Fibonacci sequence is a sequence in mathematics where each number is equal to the sum of the two numbers that came before it. The Fibonacci sequence is used to help a player decide the best number of units to bet for each round. This is done by looking at the previous two numbers or units used on the last bet in the Fibonacci sequence, and then using the sum of these two numbers to determine how much to wager on the next bet.
For example, on the first bet, a player would bet one unit (as you cannot bet 0). For the second bet, they would use the 1 (and the theoretical 0) to give a sum of 1. On the third bet, the last two bets would be 1 and 1, giving a sum of 2 to the placed on this third bet. On the fourth, 1 and 2 make a bet of 3, and so on.
The Fibonacci betting system works best on games with a 1:1 ratio, making Blackjack a perfect candidate.
What is the Fibonacci Sequence?
The Fibonacci Sequence was created by Leonardo of Pisa in 1202. It is a series of numbers in which each number is the sum of the two preceding ones, usually starting with 0 and 1. So, the sequence starts 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. Each subsequent number is the sum of the two preceding ones, so for example, if you looked at the number 8 in the sequence above, the two numbers before it are 3 and 5, which when added together make 8.
The Fibonacci sequence has many interesting properties and is found to occur in nature and artworks such as those created by the great Leonardo Da Vinci, as well as being a useful tool for mathematicians and those in the computing sector. It also ends up being useful for us as a strategy to employ when betting at the Blackjack table, too.
Fibonacci Strategy used in Blackjack
When it comes to Blackjack, players using the Fibonacci betting strategy will start with a bet of 1 unit, which we will assume for the purpose of this example is £1. They will continue to bet £1 until they win two hands (to account for the starting number of the sequence is 0), at which point the next number in the Fibonacci sequence is applied. From here, they would then bet £2 (the sum of 1 and 1), until they are able to win again, at which point the bet would increase to £3 (the sum of 1 and 2). This carries on for as long as the Fibonacci sequence and strategy stay within that particular player's safe betting limits.
As soon as a player loses a hand, the sequence resets and they will go back to betting £1 until a winning streak starts up again.
Blackjack Insurance
Tips When Using Fibonacci System
One of the main advantages of the Fibonacci system betting in Blackjack is that it is quite a conservative progressive betting system. Rather than doubling your wager as some might do in other traditional progressive betting schemes, with the Fibonacci system a portion of the bet is retained, making it perfect for those looking for a slightly safer way to bet at the table to protect any winnings and funds.
However, those using it do not expect the profit to come quickly. The Fibonacci betting system only really starts to get a return after 5 winning hands, so players will need to have the patience to make sure that it pays off for them and may need to switch to an alternate strategy or stop if they find that reaching a profitable hand is proving too difficult. Therefore, this method of betting is more suited to players who like to settle in for a longer session at the tables, over those looking for a quick flutter.
Additionally, because this system works by retaining part of the winnings from the next wager, it means that those using it should be prepared for the fact that it will not generate a large number of winnings, but more of a steady flow of them if used successfully.
Final Thoughts
Overall, the Fibonacci betting system offers a more conservative playstyle compared to other progressive betting systems for playing Blackjack. If the strategy pays off, players will be able to protect their accrued winnings at the cost of lower win amounts. This makes it great for players who want to spend a bit more time at the table without having to risk large amounts as their wager.
That is not to say that it is the best and only betting system out there for Blackjack strategy, and Gambling Zone recommends finding out which one best suits you and your betting limits first and foremost. Most importantly though, players always need to remember that casino games are games of chance, so no win can ever be guaranteed through a formula or betting system.
