Blackjack is a popular casino game that may be found in both traditional and online casinos, as well as live casino games. From the early days of casino gaming to the present day, gamers have extolled the merits of numerous betting methods and strategies, and Blackjack is no exception. In today’s Ask Genie article, we’ll be taking a closer look at one such method, known as the Fibonacci system.
The Fibonacci betting system is a negative progressive betting system that is used in a variety of casino games. It allows players to determine their next bet amount by following the numbers in the Fibonacci sequence. In today’s article, we will look at how to use the Fibonacci system betting strategy in blackjack. Keep on reading to learn more.
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How Does The Fibonacci Strategy Work?
Disclaimer: The house will always have the edge. Players should never try to recover losses by gambling more. The outcome of the games is always entirely based on luck.
One of the most fascinating things about gambling games is its rich history that still influences players today, and the Fibonacci Sequence is the perfect example of this. Leonardo of Pisa invented the Fibonacci Sequence in 1202. It is a sequence of numbers in which each number is the sum of the two numbers preceding it, commonly beginning with 0 and 1. So the series starts with 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and so on. Each following number is the sum of the two numbers preceding it. For example, if you look at the number 8 in the sequence above, the two numbers before it are 3 and 5, which when added together equal 8.
The Fibonacci sequence has many interesting qualities and can be found in nature where it is referred to as the ‘golden ratio’. It is also a useful tool for mathematicians and those in the computing field. It also, as is the subject of our article, may prove to be useful as a method for betting at the Blackjack table.
The Fibonacci betting system employs the numerical process of the Fibonacci sequence to determine how to place the next stake. The outcome of the last even money wager, whether won or lost, will affect what players do next. The Fibonacci sequence is employed to help a player determine the optimal number of units to bet on each round. This is accomplished by examining the previous two numbers or units used on the last bet in the Fibonacci sequence, and then calculating the sum of these two values to determine how much to wager on the following bet.
As it is defined as a negative progression system, the Fibonacci system requires players to modify their wagers after a losing outcome (whereas a positive progression system requires modifications after winning outcomes). The Fibonacci betting technique works best on games with a 1:1 ratio, hence Blackjack is an ideal fit, though this strategy is also commonly used on even money wagers in roulette.
The Fibonacci sequence can be used in blackjack by following these steps:
- To ensure safe gambling practices, players should set an overall budget (referred to as a bankroll) and a time limit for their session.
- Next, the player selects a unit value. For the ease of our example, we’ll say this is £1. Though the first number in the sequence is 0, as players cannot wager nothing, bets start at 1 unit.
- If the player wins their hand, their wager remains £1. If the player loses, they will proceed to the next figure in the series, which is also 1 because 0+1= 1, so £1.
- If players lose again, the process repeats and players move another step along the sequins, making the new wager value £2 (1+1). If you lose again, you will bet £3, (1+2) £5, (2+3) and then £8 (3+5).
- Unlike other progressive techniques, when a player achieves a winning outcome they do not reset their wager to one unit. Instead, they move back two steps in the sequence. So if the current bet was £8 and the hand was a winner, they move back to a £3 wager.
While this is all straightforward enough, it is vital to remember that all casino games; including blackjack, are games of chance. While some strategies can help players better manage their bankroll or play in the most optimal way, they cannot guarantee consistent positive outcomes. Yes, optimal gameplay decisions in strategic games like blackjack do have an impact on the frequency of wins, but luck and random chance still play a huge role. Therefore, if you find a source promising consistent wins, or guaranteeing certain outcomes, run a mile, as outside of cheating this is impossible.
The Pros and Cons of the Fibonacci Betting System
There is no such thing as a perfect betting system, and using a betting system like the Fibonacci system is completely optional. The pros and cons below can help you decide if this system is right for you.
Pros
- Losses will be less severe than with other techniques such as the Martingale - because the stake does not drop as steeply when you win or increase as sharply when you lose.
- It is a straightforward sequence to compute and follow, with no difficult maths.
- As it is a simple method, players of all skill levels can test out the system.
- Unlike other systems which require players to double or half wager, the Fibonacci system gives players more control over their bankroll as they can decide upon the unit size they’d like to use.
- There is no natural end, unlike with sequences like Paroli, where you'd return to the start once the series is complete, so you can pick when to reset or when to stop the sequence.
Cons
- There is always a risk while playing blackjack, and no betting technique is guaranteed to yield victory.
- The system does not impact the chances of winning in any way; no betting system can.
- The simplicity of the system can make gameplay boring and repetitive.
- As bets are modified on losing hands, the player can easily become focussed on said losses, leading to excess risk-taking behaviour and loss chasing.
- Though the first six stages of the sequence have a minimal increase in value (1, 1, 2, 3, 5, 8) after this point, the wagers required quickly increase shifting from 13 to 144 in the same number of steps(13, 21, 34, 55, 89,144). This means wagers required by the Fibonacci system can grow quickly and therefore players will either need to be exceptionally lucky or have a large bankroll to get the most out of this system.
Exceptional Online Blackjack Entertainment Awaits At Spin Genie
At Spin Genie you’ll find an exceptional mix of blackjack games, including both online and live casino variants. Remember that a betting system like the Fibonacci system may be a fun way to manage your bankroll or switch up the way you usually play Blackjack, but it cannot guarantee wins or improve odds. Always use betting systems with care and remember to follow responsible gaming practices. Sign up and play today.
Disclaimer: The house will always have the edge. Players should never try to recover losses by gambling more. The outcome of the games is always entirely based on luck.
