Roulette is an exciting game to play at Canadian online as well as land casinos. Though easy to play it may seem as if you only need to spin the wheel and watch the ball land, the betting is what is important to consider. There are various types of betting in the game of Roulette and different systems are used to win the game players.
You must have heard of the Martingale betting system and similarly there is another popular betting system used in the game of Roulette which is called the Fibonacci betting system. The Fibonacci system is opposite to the Martingale betting system as it is based on the sequence of numbers and not on doubling the bets. When used properly, the Fibonacci system is the best strategy to win the game.
What Is The Fibonacci System?
The Fibonacci method was discovered in 1202 by Leonardo Pisano, a 12th-century Pisan mathematician known as Fibonacci while trying to solve a mathematical puzzle. To tell the truth, Fibonacci was trying to solve a nice circumstance, which is to analyze the reproductive capacity of rabbits to estimate their growth in terms of population.
The Fibonacci system is a mathematical formula, where you start with one and add the next two numbers together to make the next number in the sequence. It works out in the following way:
1 – 1 – 2 – 3 – 5 – 8 – 13 – 21 – 34 – 55 – 89 – 144
It’s fairly simple to follow, although adding the numbers will get harder the longer you go! It’s also worth pointing out that you don’t have to start with ‘1’. You can begin with any number you like, but you must always stick to the same pattern.
The way this is applied to roulette is simple, you work your way through the sequence until you get a winner. However, it doesn’t always mean you will end up winning.
To start with, you need to select your starting unit or bet.
Following a win, you increase the stake by one. If you win again, you increase the bet by two. From the third bet onwards, you sum of your bet is made by adding the two previous bets together to form a new bet. Following a loss, you drop back to your original bet and start the number sequence all over again.
As an example found at an online site:
Before you can bet, you need to sort out your number sequence. Suppose your starting bet is $1. This would mean that your Fibonacci sequence (determined by adding your two previous bets together) is as follows…
1 – 1 – 2 – 3 – 5 – 8 – 13 – 21 – 34 – 55 – 89 – 144 – 233 – 377 – 610 – 987 – 1,597 – 2,584, etc
Each number on the sequence represents a bet. These are broken down for you below…
$1 (starting bet) – $1 (0+1) – $2 (1+1) – $3 (2+1) – $5 (3+2) – $8 (5-3) – $13 (8+5) – $21 (13+8), and so on…
So, using the sequence and bet breakdown above, this is what it looks like when used:
Your first bet will be worth $1. If you win, you add $1 (and zero) together to make your second bet worth $1. Should that be successful, you wager your first two bets ($1 and $1) together to form a $2 bet. If that was successful, your next bet consists of $2 and $1 to make a $3 bet. Each time, you check off the numbers on the sequence following a win. However, it is vitally important that following a loss, you revert to the beginning of the series and start over.
As with most of the roulette strategies, you must bet on the outcomes with near 50% possibilities, such as black or red, odd or even and 1-18 or 19-36. Then, you can begin.
Obviously, if you win from your first bet, you’re in profit. If you win on your second or third bet, you break even. However, from your fourth bet onwards, even a win would result in an overall loss, which might make the system sound pointless.
Yet, once you win further down the sequence, you go back to two spaces and this must be repeated throughout. Eventually, should you get back to your initial stake, you will be in profit by that amount.
What are the benefits of using the Fibonacci betting system?
Following are the benefits of using the Fibonacci betting system:
This betting system is relatively safe and should see your losses kept to a minimum, providing you start with an affordable initial bet. For example, eight consecutive losses on the Fibonacci would see the highest bet at around $21. Whereas, should you have adopted the Martingale strategy, the eighth bet would’ve been $256.
Therefore, this may appeal to novices who want to learn about the game and place bets without the prospect of serious losses, likewise those on a budget. Another positive is that as the sequence progresses, you could suffer more losses than wins, but still end up in profit.
What are the drawbacks of the Fibonacci betting system?
The drawback of the Fibonacci betting system is that as you continue to bet through the sequence, you could be throwing down relatively large amounts, all for the prospect of a $1 win. We already touched on another disadvantage, the fact you can still be down even after a few wins, so it will take time and luck to end up in profit.
You can say that like another betting system there is no guarantee that it will work. The Fibonacci can be useful for some players, whereas others will think it’s not worth it. It is best advised to play the game wisely stick to the bankroll and not keep using this betting system for long. You should remember that the Fibonacci method helps you minimize losses and if you manage to do it right, make a small profit by completing the sequence. When applied to Roulette, it becomes a progressive betting system. By increasing the amount of each bet in this progression, you won’t need to invest large sums, but it does require more time and sometimes more bets to generate a positive balance.
Q1. Is it right to use the Fibonacci system when playing Roulette?
Note that the basic idea behind Fibonacci is that by using the bets in the number sequence, you will eventually recoup your losses as well as a small slice on the top. However, there are both pros and cons to this system, and they include:
It is therefore right to use this system if you are a conservative player on a budget and know you have your number sequence that is predetermined. Also if you are using some other betting system then the Fibonacci is far safer than others.
Q2. Why should I not use the Fibonacci system?
The Fibonacci System can only be used on even-money bets so you need to plan out the strategy in advance The Fibonacci is challenging to use in “live” scenarios, or where betting windows are short so if you want to avoid such risks then do not use the Fibonacci betting system.
The Fibonacci System or Fibonacci Strategy is ideal for players who are ultra-conservative. If you are not prepared to sit through potentially risky spells, and you have the patience and the time to do your homework, this fiddly but profitable betting system could be for you.
Q3. What are the best online casinos to play Roulette?
In Canada, the best online casinos to play roulette are listed here.
Q4. Are there many game variations of Roulette?
Yes at online casinos there are many game variations of Roulette. Some of the best examples are French Roulette, American Roulette and European Roulette. Also, there are high-stakes tables that allow higher limits, as well as Mini Roulette which has a 13-slot wheel. Also, you can find different Russian Roulette rules and simplified roulette rules for dummies. There are also extraordinary cases such as the strip roulette rules.