Master Fibonacci Roulette Strategy for Winning Big

Fibonacci Roulette Strategy

The Fibonacci roulette strategy is an approach to gambling named after the Italian mathematician. Though it can’t necessarily improve your chances of winning, the Fibonacci sequence in gambling is a systematic approach to placing even money bets at the roulette table and can help manage your bankroll. 

Here, we explain the Fibonacci sequence, how it works, and how you can employ it. We also reveal the pros and cons of this roulette strategy to help you decide if it’s a viable way to approach any form of roulette you play at a land-based or online casino. 

What is the Fibonacci Sequence?

Fundamentally, the Fibonacci betting system helps you to determine your next stake while playing roulette. It is an even money strategy, so you can only use it on outside bets such as odd/even, black/red, and high/low. For instance, each bet type pays 1:1 if they win, so a $1 bet would return $1. 

The Fibonacci sequence is as follows: 

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 

This sequence of numbers doesn’t mean anything to a newbie roulette player. But the best way to look at it is that it shows you what to stake at the roulette table. You begin at the start of the sequence and work your way through it. 

You will notice that each stake is the sum of the two stakes before it. Whenever you lose an even money bet at the roulette table, the idea is to progress to the following number. If you win a bet, you go back two places. You return to the start if you haven’t progressed far enough on the sequence. 

But given that you can’t place a $0 bet on roulette, you need to start from one and go from there. 

How the Fibonacci Roulette Strategy Works 

Let’s examine how the Fibonacci roulette strategy works in practice. We assume you’re betting on red and have a stake value of $1. The table below indicates how the Fibonacci betting system would work for five initial wagers: 

Sequence	Stake	Outcome	Overall Profit/Loss
1	$1	Loss	-$1
1, 2	$2	Loss	-$3
1, 2, 3	$3	Loss	-$6
1, 2, 3, 5	$5	Loss	-$11
1, 2, 3, 5, 8	$8	Win	-$3

 

By employing this approach to roulette betting in the above example, you would be down $3 after your first five wagers from $19 worth of bets. It’s a good idea to track your progress using the Fibonacci sequence so you know how things are progressing. Below is a step-by-step guide to the sequence to help you get started: 

1: Choose a roulette game 

You will find many roulette games at the best online casinos in Australia. For instance, you can play American, French, or European Roulette. Typically, European and French are better options as the house edge in each game is lower than in American Roulette. 

2: Decide on your stake 

Adjust your stake amount and determine one unit depending on how much money you have to spend on roulette. This might be $1, $10, or $100, but make sure you have sufficient bankroll and always gamble responsibly.

3: Choose an even-money bet 

Remember, the Fibonacci sequence only works for even money bets in roulette, so decide whether to bet on red, black, odd, even, high, or low. 

4: Begin at one and work your way through the sequence 

You’re now ready to begin the sequence. As you can’t bet $0 at the roulette table, start at one unit and work your way through. If you lose, you increase your stake to the following number in the sequence, and if you win, you jump back two places (or back to the beginning if you’re not far enough along). 

5: Track your profit/loss and know when to cash out

As the Fibonacci sequence is a bankroll management strategy, tracking your profit and loss in a simple sheet each time you bet is helpful. You should also set a target and cash out when you hit your desired win.

Using the Fibonacci Strategy on Even-Money Bets 

Though it initially looks complicated, the Fibonacci roulette strategy is straightforward. But remember, roulette strategies are not designed to increase your winning chances. Roulette is a game of chance, and you cannot do anything to influence the outcome of the next betting round. 

Instead, the Fibonacci sequence in gambling is a strategy for effective bankroll management, and it can sometimes help you recoup losses. As mentioned above, you can only use the Fibonacci strategy when placing even money bets at the roulette table. Your options include: 

• Red: A wager on any red number on the roulette wheel. 
• Black: A wager on any black number on the roulette wheel. 
• Odd: A wager on any odd number on the roulette wheel. 
• Even: A wager on any even number on the roulette wheel. 
• High: A wager on any number between 19-36. 
• Low: A wager on any number between 1-18.

It doesn’t matter which even-money bet you opt for, as they all have the same chance of landing as you work through the Fibonacci sequence. Let’s look at another example, this time using a $10 bet unit on low numbers via the Fibonacci approach: 

Wager	# in sequence	Roulette spin	Win/loss	Profit/loss
$10 on low	1	Black 26	Loss	-$10
$20 on low	1, 2	Red 30	Loss	-$30
$30 on low	1, 2, 3	Black 11	Win	$0
$10 on low	1	Red 7	Win	+$10
$10 on low	1	Red 3	Win	+$20

 

In this example, we won three out of five bets and finished with a profit of $20, though we had to stake $80. When you play with a higher stake, the reward is better, but the risk is much higher. Therefore, you should only ever bet what you can afford to lose, and please remember not to chase after wins. 

Pros and Cons of the Fibonacci Roulette Strategy 

There are numerous roulette strategies, and the Fibonacci sequence is just one of the methods you can employ to improve your bankroll management. As with all approaches, there are pros and cons to the Fibonacci roulette strategy that you need to weigh up before betting: 

Pros 

✅The Fibonacci sequence is an effective way to manage your bankroll while playing roulette. 

✅You can use this strategy to methodically work through wagers at the roulette table, avoiding a scattergun approach. 

✅If you set a target and gamble responsibly, the Fibonacci sequence can improve your enjoyment of online roulette. 

✅The Fibonacci can apply to all even-money outside bets. 

✅You can work through the Fibonacci sequence while playing numerous roulette variants, including French, American, and European Roulette. 

✅The Fibonacci sequence can work for low-budget players and high-rollers alike. 

Cons

❌You cannot increase your winning chances by employing the Fibonacci sequence for roulette. Roulette is a game of chance, and you cannot influence the next spin.

❌The Fibonacci sequence cannot be applied to inside bets or any other roulette wager that is not an even-money bet.

❌Strategies like the Martingale approach are easier to work through than the Fibonacci, resulting in fewer mistakes among beginners. 

❌If you experience a losing run on the Fibonacci sequence, you can burn through your bankroll quickly.

Common Mistakes and How to Avoid Them 

Applying roulette strategies can improve your enjoyment of playing this classic casino game. However, heeding gambling tips and using the Fibonacci betting system smartly is essential. Here are some common Fibonacci mistakes you must avoid while using this system: 

Thinking that the sequence improves winning chances 

One of the most common Fibonacci mistakes is that people employ it thinking it will improve their chances of winning. Every spin of the roulette wheel is random, and you cannot influence the spin. You also have no way of knowing which number will come up. 

While you can employ strategy in games like blackjack and poker to improve your winning chances, the same is not true of roulette. Regard the Fibonacci strategy as a way to manage your bankroll, not to improve your chances of winning.

Betting too much 

For the Fibonacci approach to work, you must decide on a starting unit. This can be as high or low as the roulette game permits. For instance, if you find a low-budget roulette game, there’s no reason why you can’t set your starting stake at $0.10. 

Often, people get carried away while playing roulette and start with a stake that is too high for their bankroll. As you can see from the sequence, you need to bet five times your starting unit after five losing wagers so that things can get expensive quickly. Set a starting unit you’re comfortable with, and always bet within your means.

Failing to set winning targets 

When playing any online casino game, the objective should be to walk away with a profit. However, many players fail to set a winning target and keep spinning the wheel without considering profit or loss. 

But if you employ the Fibonacci sequence, you should set a winning target that you’re happy with. If you hit your target, stop spinning the wheel and walk away with your profit! 

Applying the sequence to inside bets 

Some players employ the Fibonacci approach to inside bets, not exclusively even-money outside bets. Given the improbable odds attached to inside bets, this isn’t a good strategy, and things will likely get expensive very quickly. 

For the Fibonacci sequence to work, stick to outside bets with even-money odds. 

Advanced Tips for Using the Fibonacci Strategy 

We rate the Fibonacci betting system for its simplicity and the fact that it can be applied to any roulette game. But if you’re looking for advanced roulette strategies, here are some gambling tips to consider to get more out of this approach:

Consider the reverse Fibonacci sequence 

The reverse Fibonacci works on the same premise as the original strategy but with one key difference. The actions are switched every time you win and lose. 

In the reverse strategy, you work through the sequence each time you win, and if you lose, you go back two places. The losses are less drastic in the standard version, but the reverse Fibonacci is a good option for higher-risk players. 

Identify games with a low house edge 

Unfortunately, the Fibonacci sequence cannot improve your odds at the roulette table. But the best way to maximise your winning chances while using this strategy is to identify games with a low house edge. 

American Roulette carries a house edge of 5.26%, while European Roulette carries a house edge of 2.70%. The difference is due to an additional green pocket in the American version of the game. 

Playing games with a lower house edge means payouts are more frequent, and it’s the best way to maximise your potential wins.

Understand RNGs & check a casino’s credentials 

When you play roulette at an online casino, the outcome of every game is determined by a random number generator (RNG). This is why you have no influence over the outcome of each game. 

The best licensed casinos in Australia have the RNGs in their games tested by independent authorities such as eCOGRA to ensure fairness and transparency. If a casino isn’t licensed and doesn’t have its games audited, there’s no way of knowing if the outcome of each spin is truly random. 

So, always check a casino’s credentials before signing up. You must play at licensed sites, and you can check if the site’s games are independently audited before placing your bets. Find out more about legal gambling in Australia here. 

Conclusion 

The bottom line is that the Fibonacci roulette strategy can help you as you play multiple variants of this classic casino game. It helps to systematise roulette betting and enables you to work through a sequence as you increase and decrease your wagers as you win and lose. 

But please remember that gambling strategies for roulette cannot increase your chances of winning. Roulette is a game of chance, and you cannot tilt the odds in your favour with the Fibonacci sequence or any other gambling strategy. 

As such, you should bet within your means, gamble responsibly, and employ the Fibonacci sequence with realistic expectations to avoid financial problems while gambling online.