Fibonacci system is a negative progression type of betting strategy, meaning it requires you to increase the amount of stake you wager in the event of a loss. It follows a sequence by the same name- Fibonacci structure, named after Leonardo if Pisa and Fibonacci, a mathematician of Italian descent who popularised it in the 13th Century.
The sequence works in the sense that every number is the sum of the last two numbers before it, such that if you begin a natural count from zero, then the sequence will be …1,1,2,3,5,8,13, 21,34….on and on till infinity.
The system is used for bets with an even chance e.g the colour red in Roulette, mostly in casino games- Backjack, Baccarat, Craps- but recently has been modified to place stakes by football gamblers. It uses the logic that by staking a higher amount after a loss, you give yourself a chance to recoup all the money lost in all previous bets. It divides stakes into units, and advises a return to one unit after every win.
Let’s look at a simple example:
Say you have a bankroll of £1000, and you divide this into £5 units.
Stake £5 and lose – Stake another £5 (0 units + 1 unit lost)
Lose second £ 5- stake £10 (1 unit +1 unit)
Lose the £10 – Stake £15 (2 units + the previous 1 unit)
In the event you win at this point, you go back to placing £5 again, and follow the same structure.
The more you lose, the more you wager
The single largest advantage of the Fibonacci system is the promise to recoup all your money in one bet even after a long series of losses. In football, it requires that you only bet for a draw, based on the belief that this is the most difficult prediction for bookmakers.
Like any other negative progression, it does not appear so wise to invest more money after a loss. It appears kind of emotion-triggered, like a soldier going deeper and deeper into enemy zone on his own backed by anger only