TOTAL BONUSES:

{{currentCountry.code}}

Change your location

{{ c.title }}

Fibonacci Betting | Understanding the Fibonacci Betting System in Sports

There are lots of sports betting money management systems out there and Fibonacci betting is one of the most popular ones. It is used by many bettors out there and the majority of them believe that the Fibonacci betting system cannot fail because it is based on the famous “golden ratio”.

So, is this claim true? What is the Fibonacci sports betting system and why is it one of the most common sports betting strategies?

We prepared this betting guide to answer all these questions, so let’s start.

What is the Fibonacci betting system?

Italian mathematician Leonardo Fibonacci (born in 1175 A.D.), believed that everything in nature has a pattern. According to him, everything was created according to the same mathematical order, from the smallest building blocks to the largest celestial bodies. And anyone who deciphered this order would be able to truly understand God.

Fibonacci called this common pattern “golden ratio” and also developed a mathematical formula for it. This formula consisted of a series of digits, and each digit was the sum of the previous two digits. It is known as the Fibonacci sequence (or Fibonacci numbers) ever since.

Since then, it has been believed that the golden ratio, the common pattern found in everything in nature, affects not only the abstract sciences, but every aspect of our lives. Since the purpose of this pattern is to achieve balance, it is used especially by financial markets.

Most brokers think they can calculate when a particular asset will gain or lose value using Fibonacci numbers. Because like everything else, financial assets eventually stabilize (achieve balance) and it may be possible to calculate when this balance will occur – at least this is what they believe.

🥇 Best betting sites where you can try the Fibonacci betting system [2021]

Rank
Bookmaker
Bonus
Safe & Trusted
Rating
Get Started
1
Exclusive 10% Rakeback
Yes
Rating 9.99 out of 10
2
Exclusive: 100% up to €130
Use Promocode: GJBET
Yes
Rating 9.90 out of 10
3
100% up to €122
Yes
Rating 9.81 out of 10
4
100% up to €100
Yes
Rating 9.72 out of 10
5
100% up to €100
Yes
Rating 9.63 out of 10
6
100% up to €100
Yes
Rating 9.54 out of 10
7
100% up to €100 + €10 Free Bet
Yes
Rating 9.45 out of 10
8
100% up to €100 + €20 Free Bet
Yes
Rating 9.40 out of 10
9
125% up to €300
Yes
Rating 9.35 out of 10
10
Up to €250
Yes
Rating 9.30 out of 10

The Fibonacci betting sequence explained

As might be expected, gamblers and bettors are also interested in Fibonacci numbers for the same reason. A formula used even on Wall Street works well for sports betting too, right? There are two betting systems that use these numbers, and they both set the wager amounts according to certain rules.

Fibonacci numbers do not end – they are infinite.

  • The actual formula is Fn=Fn-1+Fn-2 
  • Each number in the sequence is the sum of the previous two numbers. 
  • Dividing each number by the number to its left returns 1.61803, which is considered to be the golden ratio.

Fibonacci numbers are 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377

Once again, the sequence does not end but you don’t need to learn more than 377 to use it in sports betting.

How does Fibonacci sequence betting work?

Betting Fibonacci is actually a simple technique: You don’t need to learn advanced sports betting math. In fact, it is probably one of the simplest sports betting systems out there. There are two types of Fibonacci betting and while both are based on the same sequence, they work quite differently.

1. Fibonacci positive betting progression

This one is quite simple and only asks you to increase the bet value according to the original sequence after every time you lose. In this regard, it is very similar to the Martingale system, but instead of doubling the wager, you increase it by using the Fibonacci sequence.

➤ So, for example, you start with 1 EUR, increase to 3 EUR if you lose, continue with 8 EUR, 13 EUR, 21 EUR, etc.
➤ If you win, you simply return to the beginning (1 EUR) and start again. 

2. Fibonacci negative betting progression

This one is also known as the reverse Fibonacci betting. You don’t simply increase the bet after every loss. Instead, you sometimes increase or decrease the wager according to certain rules.

Fibonacci betting rules for the negative progression

➤ If you manage to win your first bet, keep the wager at 1 EUR until you lose. 
➤ After a loss, increase the bet according to the Fibonacci sequence (like the progressive system)
➤ After a win, erase the numbers of the last two bets to find out what the next wager will be.
➤ So, for example, if your last three bets are 5 EUR, 8 EUR, and 13 EUR, you will erase 8 and 13: Your next bet will be 5 EUR again.

So the Fibonacci betting formula is different from the original sequence: It is based on the numbers in this sequence but uses them differently. In any case, to use the Fibonacci sports betting system, you just need to know the numbers in the sequence: You don’t need to “understand” it.

How to use the Fibonacci system in sports betting?

Let’s give an actual example so you can understand how the Fibonacci sports betting system works. We will use soccer betting in this example, as it is a very common sport and Fibonacci football betting is quite popular. However, since this is not a guide for how to bet on football, we will keep things brief: If you are a beginner, make sure to check our profitable football betting and football betting strategies articles to learn more.

We will keep things simple: This Fibonacci betting system football will be based on 12 games. More importantly, this will be a negative Fibonacci betting system, as the positive one is very easy and needs no example to understand.

BETS

ODDS

WAGER

RESULT

PAYOUT

1st
ODDS
3.00
WAGER
1 EUR
RESULT
Win
PAYOUT
3 EUR
2nd
ODDS
3.00
WAGER
1 EUR
RESULT
Lose
PAYOUT
-
3rd
ODDS
3.00
WAGER
2 EUR
RESULT
Win
PAYOUT
6 EUR
4th
ODDS
3.00
WAGER
1 EUR
RESULT
Lose
PAYOUT
-
5th
ODDS
3.00
WAGER
2 EUR
RESULT
Lose
PAYOUT
-
6th
ODDS
3.00
WAGER
3 EUR
RESULT
Lose
PAYOUT
-
7th
ODDS
3.00
WAGER
5 EUR
RESULT
Lose
PAYOUT
-
8th
ODDS
3.00
WAGER
8 EUR
RESULT
Lose
PAYOUT
-
9th
ODDS
3.00
WAGER
13 EUR
RESULT
Lose
PAYOUT
-
10th
ODDS
3.00
WAGER
21 EUR
RESULT
Win
PAYOUT
63 EUR
11th
ODDS
3.00
WAGER
8 EUR
RESULT
Win
PAYOUT
24 EUR
12th
ODDS
3.00
WAGER
3 EUR
RESULT
Win
PAYOUT
9 EUR

As you can see, with the exception of the first bet, we erased the numbers of the last two wagers when we won and increased the wager every time we lost, according to the Fibonacci sequence. In total:

  • We wagered 68 EUR
  • We won 105 EUR

Of course, things won’t be simple all the time: Even in a simple Fibonacci betting football sequence, there will be different odds and more losses (or wins). In any case, however, you will be able to make a profit in the long run, as long as you play with a big enough bankroll – we will explain what this means below.

What to really expect from the Fibonacci sequence in sports betting system

Advantages of Fibonacci betting

✅ Can be used on a low budget: You don’t need a big bankroll to use the Fibonacci betting system

✅ With the negative progression system, you can limit your losses and increase your chances to make a profit

✅ Flexible, can be used as an ante-post or live betting system 

✅ Requires no experience or mathematical knowledge: Anyone can use Fibonacci betting

✅ Can be used on any sport and/or bet type

Disadvantages of Fibonacci betting

❌ Does not actually change your winning chances: Fibonacci betting only determines what the wager amounts will be. To win the bets, you still need to do research and use other strategies

❌ You will make a profit sooner or later but if the losing streak continues longer than expected, you may go bankrupt. In other words, you need a bankroll that will last until you start winning

❌ Based on the “one bet at a time” principle: You cannot place your second bet before the first one settles. You may need to play for days to see a return.

Simple tips to boost the betting system Fibonacci

Tip

👉 You can use Fibonacci betting at betting exchanges too. Doing so will allow you to get higher odds and use additional strategies to actually increase your winning chances, such as dutching and/or matched betting. Check our Betfair trading strategies article for more info.  

👉 Always use bonuses or risk free bet offers for your first bet in the sequence: You can place it completely for free and even without making a deposit. Check our no minimum deposit betting article for more info. 

👉 Keep your stakes low: Do not pass 377 in the sequence if you keep losing. Control yourself, limit your actions, and make sure to play at low stakes betting sites. Start with low units (i.e. 1 EUR) so you can control the flow and not take unnecessary risks. 

👉 Never use the positive progressive Fibonacci betting system: It increases the wager amounts too fast. Negative progressive Fibonacci betting should be the only system you use.

FAQ: Your questions on the Fibonacci sports betting system answered

Yes, but as long as you have a big enough budget to cover all your losses until you start winning. It is true that sooner or later your bet will win, but you should be able to last until that happens.

Fibonacci betting is based on the idea of increasing/decreasing your bets according to a specific sequence. The bet type (bet on draws or any other) makes no difference because it doesn’t increase your actual chances. However, in order to increase your odds, it would be best to pick bets with fewer outcomes, such as “who will win the match”.

Not specifically, but even money bets will be much easier to track & calculate. Once again, Fibonacci betting is a money management system and not related to winning chances: Bet types do not matter.

You should definitely stick with the negative progressing Fibonacci betting system: The positive version will increase the total stake very quickly and too high – you may go bankrupt before you win anything.

Unless you are very lucky to win with your first bets, yes, Fibonacci betting works much better in the long run. And as long as you can last until the end of that run, you can make a profit.

Use a Fibonacci betting strategy at the best bookmakers

This is the end of our guide to Fibonacci betting: You have learned how this system works and what to expect from it. You can now start using it by picking one of our recommended bookies: Start with our list of the new bookmakers. We also recommend checking our guides for how to win at sports betting and value football betting, as this is the easiest sport to bet on and offers lots of opportunities for the Fibonacci betting system. Good luck!