How to Use Fibonacci Strategy in Sports Betting
The Fibonacci betting strategy is the bankroll management system, working according to the Fibonacci sequence. Its principle implies increasing the stake of the bet after each loss. While it might sound complicated, you don’t need specific knowledge to implement this betting strategy.
Without a doubt, mathematics and figures are dominant in betting. Players with excellent mathematics skills and without prior experience in betting can turn into successful cappers.
Leonardo Fibonacci is a famous mathematician who discovered an order of numbers where each number is the sum of the previous two numbers. This order was later named the Fibonacci sequence.
It might seem paradoxical to continue placing bets when your wagers lose, but the principle is that when you continue betting with higher stakes, you return all money lost with previous bets.
The Fibonacci sequence looks like this:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233
And this is how it would look like if you begin betting with €10:
€10, €10, €20, €30, €50, €80, €130, €210, €340, €550, €890, €1440, etc.
It’s worth noting that the Fibonacci sequence is widely used not only in betting but also in art, biology, and architecture.
How Does It Work?
Before you start placing bets according to the Fibonacci strategy, you want to determine the size of the initial stake. You need to keep in mind your bankroll and your financial limits. It’s better to begin with small units as progressive strategies can lead to a fast decrease in the budget.
You are starting with 1 unit as it’s the first step of the sequence. Let’s say your bet won — you return to the first step and bet 1 unit. If your bet loses, you wager 1 unit once more because betting 1 unit will allow you to return the lost unit in the previous round. If the second bet also loses, you need to wager 2 units as the sum of two previous stakes equal 2 (1+1=2). The same principle works in all next steps: you return to step #1 in case of a win and increase the stake by adding up two previous stakes in case of loss.
Possible Drawbacks
The Fibonacci sequence is a progressive betting strategy naturally posing some risks. It can show outstanding results in the ideal situation with no bankroll limits, but it can be dangerous for the bank in real-world conditions. If you face a losing streak, you can risk your entire budget by increasing the stake.
The Fibonacci strategy is better to use in the short term. The stake you need to bet after a losing streak can be shocking unless you get an infinite budget. You can customise the strategy to match your goals, but if you don’t know how to handle possible losses, you can use other betting strategies that come without such risks.
