As we continue our quest to bring you a series of blogs that cover roulette strategies, we stumbled across the Fibonacci strategy. It is perhaps one of the more complex strategies to look at, but once you break it down, there is actually not much to it.
It is a strategy designed by Leonardo Fibonacci, who was an Italian mathematician born in 1170. That’s almost 1,000 years ago. He obviously made his mark on this world because his name is still echoing around the crypto casinos globally thanks to the famous ‘Fibonacci’ numbers.
Now, before you say that “I can’t believe that roulette was so popular back then”, we’ll cut straight to chase and tell you that as far as we know it didn’t exist. Roulette’s history dates back to around the 17th century when Blaise Pascal introduced the game in its most basic form. So, we did a little digging and surprisingly enough the ‘Fibonacci’ numbers were a mathematical solution based on the growth of a population of rabbits.
Somewhere down the line, a roulette player decided that Leonardo Fibonacci’s system could help him or her beat the system and gain an edge over the house. And who knows, back in the days of early roulette wheels, it may very well have. However, today it is a system that does not guarantee that you will win, and instead it can help reduce your losses and help you win big if you hit a winning streak.
The Fibonacci Sequence
Before we dive into how the Fibonacci Roulette Strategy works, let’s look at the ‘Fibonacci Sequence’. It is essentially a sequence of numbers that uses the previous 2 numbers to create the next number. I.e., if I had a 2 and a 3 as my previous numbers, then the next number would be 5. If we go back to the ‘rabbits’ and it all makes sense as rabbits breed fast.
Here is an example of a system starting at number 1:
The Fibonacci Sequence
You will see that the sequence always begins with the starting number twice. It isn’t under ‘Step 3’ in the sequence, which would be bet 3 if we were playing roulette, until we begin adding the numbers together and rising up the system. Hopefully, you already see where this going in terms of roulette strategy.
Fibonacci Strategy Uses Even Odds Outside Bets
As with the majority of roulette systems, the Fibonacci Strategy uses outside bets only. To tone the system down even more, we can eliminate 2 more outside bets which are the 2-1 column and dozen bets. This leaves us with just 3 options to implement the system.
These are 3 even odds betting options in roulette:
- Odd (Impair) or Even (pair)
- Low 1-18 (Manque) or High 19-36 (Passe)
- Black (Noir) or Red (Rouge)
As there are also a lot of French Roulette tables out there, we also included the French names just in case you are practising this strategy on the French variant of the game.
These Bets Only Pay Even Odds
Although there is probably no need to explain how an even odds bet pays, we will cover it just in case we have any newbies reading this. Feel free to move on to implementing the Fibonacci Roulette Strategy if you already understand this concept.
Even odds bets pay back the same amount you bet:
- Bet 1 unit
- Win = 2 units returned
- Profit = 1 unit
That is all there is to it. For example, if you bet 1 mBTC and win, the house will place 1 mBTC on top of your existing 1 mBTC bet, and you can collect the 2 mBTC. The 2 mBTC is your 1 mBTC bet plus your winnings.
Implementing the Fibonacci Strategy
We recommend playing this strategy on a European or French roulette table, or any roulette with a single ‘0’ for reasons we will explain towards the end of this strategy guide. Now comes the exciting part since we covered the majority of the technicalities.
It is really simple to implement this strategy because all you need to do is start off with a number and then follow the exact same sequence as we covered in the The Fibonacci Sequence above.
Choose your starting stake amount
Your starting stake is whatever you feel comfortable with betting. This stake should count as ‘unit 1’ for the purpose of this strategy. Therefore, even though your starting stake might be 2 mBTC, we count that 2 mBTC as 1 unit.
Choose the number of coups you want to play
You can just play until you feel it is time to quit if you prefer. However, the best way to play this strategy is to decide how many coups you want to play, and the implement the system until you reach your predetermined coup count. Once you do reach that number, then stop and see where you are.
Scenario 1: Playing the Fibonacci Strategy
For the purpose of this exercise, we will be 2 mBTC as our minimum bet and we are going to place a total of 10 bets. Below the table we will assess how we did in our session.
Scenario 1 – Fibonacci Strategy
Summary of Scenario 1
In the end we lost 6 and won 4. It was also very easy to play because we chose 2 mBTC as our bet amount, so all we needed to do was multiply the 2 mBTC by the units (in other words double the units to get the bet amount). We ended up with a profit even though we lost more coups than we won which is another positive for this system.
Another interesting point is that every time we lost 2, we recovered our loss in a single bet. Therefore, it would be interesting to see what happens if we change the scenario slightly.
Scenario 2: Playing the Fibonacci Strategy
Now we are going to change things slightly. We will use 5 mBTC as our minimum bet, and we will add in a few more losses to see whether things could spiral out of control in way.
Scenario 2 – Fibonacci Strategy
Summary of Scenario 2
At this point it feels that we can’t lose. If we begin with a long string of losses, we still recover them when catch our big bet at the end. However, this does not mean the strategy is full proof. If we don’t catch the big wins at the end, we could end up in big trouble. Therefore, the best thing to do is look at this strategy in reverse.
Scenario 3: Playing the Fibonacci Strategy
For the sake of keeping things consistent, as with scenario 2 will keep the same bet amounts for scenario 3. This time our aim is to lose by winning early and losing late.
Summary of Scenario 3
Now we can see a gapping flaw in this strategy. The issue we have here is that our early wins did not count for much because as we continued, we lost out later bets which were the high value ones. This resulted in us losing a huge amount mBTC. It is also very hard to quit once you are past bet 7 because you are not commited to the strategy and in search of a big win.
Summarising the Fibonacci System
It is hard to say for sure whether this strategy really works well. If you are looking for big wins, then you do not really need a system to dictate how much you bet. You can just continue to raise your bets if you are feeling lucky, so the Fibonacci system isn’t really required.
From what we can tell, the best way to play this strategy is if you win early on, restart the system. This would prevent you from winning big if you hot a cold swing, but at the same time it limits the risks of your betting going out of control and then losing one big bet.
However, when it comes to having a system that can recover early losses it is not bad. But once again, if you are losing badly playing crypto roulette, you can just continue increasing you ‘even odds’ outside bets using something like the Martingale.
We are not convinced that you need a string of numbers to dictate the way you bet. In roulette anything can happen, and you can always use your instincts to adjust your bet sizing rather than just continuing to increase them after every bet.
In short, it does not feel like the Fibonacci System is a winning system as such and feels more like it could get you in big trouble on a bad day at the tables. That said, if you can use it and discipline yourself to return back to step 1 after just a few bets, you might be able to make it work for you.
Playing Fibonacci System on American Roulette Tables
The issues with playing ‘even odds’ bets on an American Roulette tables is the fact that it has 2 sets of zeros on the wheel. As you can see in the image below, the betting board uses an American Roulette wheel because there is ‘0’ and ‘00’.
American Roulette by BGaming
Percentage of winning even odds outside:
- European/French (48.6% RTP) or (1.4% House Edge)
- American Roulette/US (47.4% RTP) or (2.6% House Edge)
The reason the ‘zeros’ give the house edge an edge on this bet is because none of the ‘even odd’ outside bets count as a red-black, low-high, or odd-even. Therefore, if you are playing on a European Roulette table, which has 37 numbers, to win your ‘even odd’ outside bet, you have 36 numbers.
Conversely, if you are playing on a US Roulette table, which has 38 numbers, to win your ‘even odd’ outside bet, you have 37 numbers.
Where to Practise the Fibonacci Strategy!
It would be great if you played at mBitcasino because it means you are a fellow crypto fan! You can play using BTC, BCH, LTC, ETH, USDT, or DOGE. Every roulette table accepts some kind of cryptocurrency giving you the chance to win crypto and cash out fast. That’s the beauty of playing using cryptocurrency, you can cash out quickly!
When playing roulette at mBitcasino, you have 3 choices:
- Play live dealer roulette tables for crypto
- Play virtual roulette tables for crypto
- Play demo roulette tables free
You can check out our entire roulette collection here!