As long as we’ve enjoyed placing bets, we’ve also tried to come up with strategies to optimise our gameplay. As roulette is a game with centuries of history, there have been plenty of betting strategies which have become popular among players.
In a standard roulette game it is estimated that there are around 48,648,649 possible wagers/outcomes, and that’s not counting additional side bets included in some variants. With online casinos making roulette gameplay more accessible than ever, betting strategies have become more of a talking point. In today’s article, we’re going to take a closer look at such betting strategy, the Fibonacci strategy, learning how it works and asking if it is the best roulette strategy to use.
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First Things First, What is the Fibonacci Betting System?
Although the Fibonacci sequence can be traced back to approximately 200 BCE in Indian literature, Leonardo of Pisa, well known by his moniker Fibonacci, first discussed it in Europe in the early 13th century. There are connections between this sequence and other mathematical fields and the sequence is still in use today by artists and architects, and, of course, as a popular roulette betting system. The starting numbers of the Fibonacci sequence are as follows:
- 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, … (and so on)
While at first it might look complicated, the sequence is actually incredibly simple as each number in the sequence is the combination of the two numbers that preceded it. So, we don’t need to be a mathematical genius to know the next number in the sequence would be 233 (89+144). Something that is important to note, that we’ll discuss later is how, once established with a few numbers, the values in the Fibonacci sequence start to skyrocket.
The Fibonacci system is described as a negative progression betting system, with the most well known of these being the Martingale Strategy. While it shares similarities with said system, in that the player increases their wager when losing and reduces their wager when winning, the Fibonacci system also has its own unique differences which we’ll explore in the following section.
How The Fibonacci System Is Used in Roulette Gameplay
When using the Fibonacci betting system players must first select a unit value before they play. For the sake of clarity, we will refer to this significantly more complex system's unit value in this example as £1. Since you are unable to bet £0, the first step in the series, 0, will need a £1 stake. Should you lose, you advance to the next value in the series, which is £1. If you lose again, you repeat the process and increase your wager to £2 (2 x £1). If you lose again, you bet £3, £5, and eventually £8.
Unlike other systems where you would go back to the beginning, the Fibonacci method moves two numbers backwards in the sequence if you win the hand. Consequently, you will go forward two steps in the sequence and then make a £3 bet if you win an £8 investment.
The goal of the Fibonacci strategy is to minimise losses on your bankroll and increase the number of successful spins. However, remember earlier we mentioned the rapid spike in values presented in the Fibonacci sequence? This is probably the biggest drawback of using this numerical system to formulate roulette bets, as it can get expensive very quickly. t For example, the sequence takes 5 steps to travel from 0 to 5, while only 3 steps are needed to reach 21 and with just a few steps more the value is 89 which means this system needs to be used with extreme caution.
Why The Benefits of the Fibonacci System are a Myth
There is no way to improve your odds when playing any casino game other than to play strategically (e.g., steer clear of beginner mistakes and "sucker" wagers) or choose game variations with higher RTPs (e.g., European Roulette over American Roulette). Since the RTP of a game is never 100% and the house advantage is the leftover percentage, the adage "the house always wins" is accurate.
It's likely that you have encountered websites offering a "sure-fire" way to win. Anything that makes such a claim should be avoided because, as you may all know, there is no way to forecast the outcome of any casino game. Both the player and the institution cannot foresee the outcome of casino games because they are entirely based on chance.
As we’ve mentioned earlier, the Fibonacci system can get expensive quickly, and, as a negative progression system places an inherent focus on losses, which can lead to players trying to chase losses or overspending without releasing. Betting systems should always be used with caution and never as a money-making system. Some players find systems like the Fibonacci system helpful for managing their bankroll or tracking their session, and more seasoned players may wish to dabble with a system or to just to shake up their usual play style and try something new. Put simply, all betting systems should only be viewed as optional extras to core gameplay.
Instead, Follow Our Three Top Tips
Betting strategies can often needlessly complicate roulette gameplay, and can take all the fun out of playing as gamers are focused on calculating their next bet instead of enjoying the excitement of the pill (ball) skittering around the roulette wheel. Therefore we’ve come up with three simple tips so you can enjoy playing roulette in a fun and safe way.
- Learn the Basics and Test a Few Games Out: You might want to jump right in and play one of the numerous available roulette games, but we suggest reading a few articles first, like this one, to gain some basic knowledge of the game. For instance, there are three main variations of roulette: European, French, and American. Each has radically different odds of winning and additional bets. Along with live roulette games that enable you to play the game in real-time with a live dealer, there are a tonne of other roulette games available online that you may play whenever you want. Try different titles and take your time to explore around and select the ideal roulette game for you.
- Responsible Gaming is a Must: Playing at online casinos requires responsible gaming. It's a common misconception that casino sites are nefarious and encourage players to blow their entire life savings, but this couldn't be further from the truth! We at Spin Genie support safe and responsible gaming practices, and every page on our website has links to a number of helpful resources. When playing roulette, be sure to establish and adhere to a budget and time restriction for each session. Never forget the phrase "when the fun stops, stop" because you should never chase losses or make careless wagers due to frustration.
- Have Fun!: Lastly, and most importantly, remember to have fun! Roulette and other casino games should never be played as a way to make money; instead, they should be enjoyed as a pastime. To get you started, we've compiled a list of some of our players' favourite titles from our enormous selection of excellent online and live roulette games at Spin Genie:
- Auto Roulette -The actions of spinning a ball around a roulette wheel, announcing the number, and collecting bets—tasks that would typically be carried out by a real-world croupier—are entirely automated in auto roulette games.
- First-Person Roulette - This game is played in 3D when the player takes a seat in front of a virtual roulette table. You may also access a live dealer table by clicking the "Go Live" button.
- XXXTreme Lightning Roulette - XXXTreme Lightning Roulette is a variation of standard roulette that incorporates "Lightning Numbers" with unpredictable multipliers. This keeps the game's excitement level high and increases the likelihood of receiving larger rewards.
An Important Disclaimer
Although playing around with betting strategies can be amusing, it's easy to get carried away with the game or overconfident because you believe you can beat the casino with a betting plan. The following should be kept in mind when playing casino games like roulette:
- You may feel more in control or like you're "beating the system" when you use a betting strategy. However, it is impossible to forecast results or have a 100% success rate when playing roulette or any other casino game because they are all games of chance.
- In the end, the house always wins. This is why all games have a house-edge statistic. The "house edge," which is expressed as a percentage, is the advantage the casino has over the gambler. The "return to player," or RTP, is the remaining percentage. It is not possible to reduce the house edge below the specified amount.
- Betting strategies may be beneficial for players who wish to gain additional insight into the game's more complex aspects like budgeting, managing bankrolls, establishing averages, and so forth, but they are not required to play or enjoy roulette. The decision to use one or not is totally yours.
- Always utilise responsible gaming practices. This is the ultimate in secure casino gambling, thus it should be the cornerstone of your whole gaming experience. Set financial and time limits for your session, refrain from chasing losses, and quit it early if you're not enjoying yourself. For more information and resources, see the links pertaining to ethical gaming located at the bottom of each page on our website.
Play An Exciting Selection of Online Roulette and Live Roulette Games at Spin Genie
The Fibonacci System is a negative progression betting system which uses the famous mathematical sequence of the same name. While it can be fun to try out, this system and all other betting systems are not necessary for gameplay. Instead, be sure to always game responsibly, and take your time to explore the variety of online roulette games and live casino roulette games on our site, so you can pick the perfect game for you. Sign up and play at Spin Genie.
