Taking its name from a 12th - 13th century Italian mathematician, the Fibonacci sequence is a string of numbers whereby each number in the sequence is the sum of the two numbers that precede it. This mathematical formula wasn't invented to try and beat the roulette wheel, but with players trying to get any advantage over the casino they can it has ended up being adapted and is known as the Fibonacci Roulette Strategy.
Time to did a little deeper into the Fibonacci method, see if it works, and is it worth using it.
how does the Fibonacci roulette strategy work?
THE FIBONACCI SYSTEM REQUIRES YOU TO FOLLOW A PARTICULAR BETTING SYSTEM
First of all we need to know what the Fibonacci sequence is, as I explained in the introduction each number in the sequence is the sum of the two numbers that precede it. This means that the sequence can have any starting number, but for simplicity and the fact that these will be the betting amounts we will start at the number 1, so here is the Fibonacci sequence.
1 - 1 - 2 - 3 - 5 - 8 - 13 - 21 - 34 - 55 - 89 - 144 - 233 - 377 - 610 - 987 - 1597 - 2584. This sequence can literally go on forever, but I'll end it at 2584 as that is more enough for what is need to demonstrate this strategy.
Again as with other methods we have covered such as the Martingale strategy, and the James Bond strategy, the Fibonacci requires you to place even money bets only, so that would be 1-18 or 19-36, odd or even, red or black.
So your initial bet would be €1 on red for example, if this were to win then you would simply place the same bet again. As with all of these progression based methods, they start to develop when you begin to hit a run of losses.
When you do hit a losing spin you move one position up through the sequence, so hitting 5 consecutive losses from the start would mean your next placed bet would be €8. When you hit a winning spin then you drop back 2 places in the sequence and place that bet, so if we were to win on the €8 stake then the next placed bet would be for €3.
If you work your way through this sequence and get back to your initial starting stake which in our case is €1, then you will have successfully made a profit of €1 ( the profit amount will be your initial starting bet size )
IS IT WORTH USING THE FIBONACCI ROULETTE STRATEGY?
Whilst the Fibonacci Roulette Strategy is one of the more bankroll friendly progression methods, it's not going to have you winning your fortune and taking the casino to the cleaners. Due to the nature of this method once you get past the first 3 bets even if you hit a winning spin you will still be out of pocket, in fact the further you make your way through the sequence the worse it is going to get. Hitting a long losing run will then see you having to go on an equally long winning streak to get anyway near the initial 3 bet sizes so that you can recuperate your losses, or make a small profit.
When you put this strategy up against the Martingale it is a much safer method as you don't have to double the amounts, which can quickly add up to the 100s or 1000s when you hit a losing streak, the plus point of the Martingale is that when you do hit a winning spin you will recoup all of your losses and make a profit in that one spin.
The Fibonacci Roulette Strategy would certainly provide some entertainment when playing at considerably low stakes, but to use this method with bigger bets would prove to be a mistake, you run the risk of hitting the table limit if you go on a bad run, and much like the other Roulette strategies out there they have a far better chance of working in your favour over a very long period of playing time. The reality is however that most sessions are quite short, and the house edge will takes its toll and leave you far from breaking even let alone making a profit.
If you do choose to use this system or any other roulette strategy and find yourself having a good run of luck and making some profit, then it would be advisable to cash out your winnings and go back and try again another day.