While several strategies have merits and demerits, some have more demerits than others. The Fibonacci sports betting strategy is criticized for being a risky strategy and is rarely adopted. However, the Fibonacci sequence plays a very important role in various aspects of life such as nature, maths, computers, biology, etc. Punters can now learn the Fibonacci sports betting strategy with Rescuebet.
The Fibonacci betting strategy is based on the Fibonacci sequence of numbers. The sequence has been around for more than 1000 years where it existed on the Indian subcontinent before gaining recognition in the West. Leonardo Pisano normally published the Fibonacci sequence in the book of calculations after the end of the 12th century AD. He was also known as Fibonacci. The sequence is easy to understand, calculate, and apply in real-world situations. A sequence works with each digit or number in the sequence being a product of the last two numbers added in that same sequence. The sequence starts with 0 followed by 1 (being the first two digits we can use), followed by the addition of the two (0+1=1). Then, the next number in the sequence is also 1 making the sequence 0,1,1. The next two numbers added gives (1+1=2), followed by (1+2=3) and then (2+3=5) and so on. A Fibonacci sequence can be infinite or it can be limited to the range an individual assigns to the sequence. For example, a punter can choose to use up to 6 digits in the sequence, or maybe even 10 digits.
A Fibonacci sequence is: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377…
Implement Fibonacci Sports Betting Strategy
The Fibonacci sequence plays an important role in human life and has also been adapted to fit a key sports betting strategy. The sequence is a system of negative progression of numbers. A punter will increase the bet wagered after a loss and decrease the bet wagered after a win. The logic behind the idea was to safeguard a punter’s winnings and at the same time, make up for past losses (if any) in a single or few bets. The sequence a punter should follow to have a frame of reference is the Fibonacci sequence of numbers.
How To Use The Sequence In Sports Betting Strategy?
Let’s take a look at how to use the Fibonacci sports betting strategy:
1. Establish A Base Wager
A punter must first establish a base wager. It’s important that a punter sets the base wager between 1% and 6% of the punter’s bankroll. Conservative bettors can establish a base wager which is between 1% and 3% of the punter’s bankroll. Punters looking for a bigger payout and willing to take on more risk can set a base wager of 3% to 6% of the punter’s bankroll. This helps a punter secure their bankroll from depleting completely too quickly on a single run of bad luck.
2. Ignore 0
With the Fibonacci sports betting strategy, a punter can ignore the first number of the sequence which is 0. The next unit after 0 is 1 which is what a punter will use to bet. So a punter can decide to bet $10 as the base unit for 1 in the sequence. If a punter’s bankroll is $200, then a punter’s base wager at $10 is 5% of the bankroll.
3. Move Left After A Win
After a win, a punter must move to the left along the sequence of numbers. It’s important that a punter moves two numbers to the left after a win. If a punter wins after staking 5 units (or $50), then the punter must stake 2 units (or $20). A punter is reducing the stake bet after a win. Thus, securing those winnings against future losses.
4. Move Right After A Loss
After a loss, a punter must move to the right along the sequence of numbers by a single unit. With each loss or losing streak, a punter will wager more in the following rounds to make up for losses in past rounds. Losing streaks can wipe a punter out as the stakes become too high or a punter’s bankroll runs out before they can start winning again.
5. Risky Strategy
While the Fibonacci sequence is a risky sequence, it’s also relatively hard to keep track of. It may work in the short term, however, it may not work for most punters in the long term. This is because each punter is limited by their bankroll and betting objectives.