The Fibonacci Betting System, despite its proven efficiency, is not widely known across punters that wish to improve their winning chances. We are talking about a progressive betting system that is mostly applicable in football betting and in today’s article we are going to explore the Fibonacci Betting system in-depth and check if it can return considerable profits as well as the risks it involves.
The Fibonacci Betting System Explained
When using the Fibonacci Betting system we are dealing with a progressive pattern that, if applied correctly, is bound to return some nice profits among bettors that are capable of keeping up with its rules. It was developed by Evan Osborne and Fragiskos Archontakis back in 2007 and it proposes that punters should always bet on a draw, for football matches. This system is based on an older theory that was developed in 1989 and it starts from the idea that a draw is one of the most difficult results for bookmakers to predict. This gives punters an edge as long as they follow the principles of the Fibonacci Betting system and steadily increase their stake with every bet place.
There are two main rules when talking about the Fibonacci Betting System:
- Only bet on draws with an odd of 2.6 or greater
- No matter if the result of the previous bet was a win or a loss, keep increasing your stake following the Fibonacci sequence – 1, 1, 3, 5, 8, 13, 21, 34 and so on.
The main challenges of betting following the Fibonacci System is making sure you have the funds to sustain the progressive increase of the stake, no matter if the result is positive or negative. The Fibonacci sequence is among the most widely popular formula in mathematics and it indicates that after the first two starting numbers, the following number is formed by adding the previous two. So, for example, if you bet €10 on the first draw at an odd of 2.6 or greater, no matter if you win or not, the next bet should also be €10. Then increase it to €20, after that bet €30 on the next draw result and then keep going on with €50, €80 and keep it up until you decide it is enough for your available bankroll. After you finish a sequence, you can always start over and apply the Fibonacci Betting system all over again.
Using the Fibonacci Betting System in Real Life
Many betting systems promise an increase in wins and revenue, however, few of them can actually be proven using real-life statistics. However, if we take a good look at the Premier League 2011-2012 season, data that is available online, we notice something very interesting. Out of all the 280 total matches played between the teams, 93 of them ended in a draw. This means that 24.5% of the games were a tie and this already shows us how the Fibonacci betting system can be applied to get nice results. The average odds for a match ending as a draw for the entire season were around 4.2 and that is greater than the suggested 2.6 threshold suggested by the Fibonacci System.
Applying the sequence with the available data, we can see that, on average, we would get a win every four games. This means that the winning stake in this example would have been the fourth number in the Fibonacci sequence, number 3. The total of stakes placed up until that point amount to €7 (1st bet lost with a stake of €1, the second lost with the same €1 and the third stake of €2). So, to sum things up for each €7 that you bet on a draw, you would have gotten a return of €12.6 (the €3 winning stake multiplied with the average odds of 4.2). We can then prove that the win of €12.6 return a profit of €5.61 when you subtract the losing stakes. And if you take the €5.61 profit and apply it to all the 380 games, you get a potential profit of €1786.7 for the entire season. And all these leaving from the initial stake of only €1. If you were to start with a higher initial stake, the profits will exponentially grow as well.
Conclusions – Does the Fibonacci Betting System Work?
From a mathematical point of view, there is nothing stopping anyone using the Fibonacci betting system to make a profit on the long term. However, the main enemy of this betting system comes from the unpredictable things outside of the string. For example, if you hit a longer streak without draws, you may come to the point when it is no longer sustainable to place the stake. If this doesn’t happen and you have already ensured a big bankroll for applying this sequence, you may find that the bookmaker imposes a limit on how much you can bet on a single event. However, with proper research and documentation on how bookmakers operate when it comes to betting limits and presuming that they won’t change their behavior specifically to limit you when they figure out you’re using the Fibonacci betting system, it is still possible.
The bottom line is that the Fibonacci betting system is another very useful tool you can apply in your race against the bookmakers for making a nice profit and diversifying things. Have you tried the Fibonacci betting system so far? If you did not, you now have all the needed info to give it a shot and as a final advice from us, the best way to avoid being limited in stake value by the bookmaker is to find a reliable betting exchange where to place your bets.