The Fibonacci System
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The Fibonacci system is based on a mathematical sequence discovered by Leonardo Pisano, better known by his nickname Fibonacci. He was the son of Guilielmo and a member of the Bonacci family.
The Fibonacci sequence often appears in nature (a sunflower has 21 spirals going one direction and 34 going the other for example), in fractals (in the famous mandlebrot set), and - crucially for us - is also useful as a progression-based betting system.
The Fibonacci system is a sequence of numbers where the next number in the sequence is the previous two numbers added together. It starts with 1, and continues like this:
1, 1, 2, 3, 5, 8, 13, 21, 34
The betting system starts at the beginning of the sequence with a bet of one unit. For each loss, a simple progression is made along the sequence. In the event of a win, the user steps back two places in the sequence. The Fibonacci system doesn't attempt to cover previous losses like other systems (the martingale for example), but it still accumulates quickly and a bad run of luck will soon have you reaching table limits, or your bankroll.
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Like all betting systems, there are lots of variations that you can work with. For example, in the event of a win, alter the number of steps back - take one step back in the sequence, go back to the beginning, etc.
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