Fibonacci method for esports betting
The Fibonacci betting system is a negative continuous betting system that places a stake after a lost wager. In essence, it is for you to win money, as it’s possible for you to stake higher on a winning wager than on a losing wager. The system uses a number sequence where each new number equates to the total sum of the preceding two numbers. For example: 2,2,4,6,10,16,26,42 and so on.
To apply the Fibonacci betting system to esports betting, you would have to use the sequence of numbers to dictate your wager. The speculation behind this system is that every bet you lose will be regained by wagering that exact amount on the next bet. The idea is to cover continuous losses by going up or down the number sequence.
How the Fibonacci staking system works
Using an example, we can demonstrate how exactly the Fibonacci betting strategy system would work in a real-life scenario. Assuming that all our units are equal to €5 and the bets are being placed on an even money wager like the RiR (Red in Roulette). We will start by wagering the first number of the sequence, which is 1 unit. If any bet has been won, you should always go back to wagering 1 unit on your next turn.
If, for example, we lose one wager and we need to wager another 1 unit for our next turn which we eventually lost, what amount will we be wagering next? Using the Fibonacci betting system, we would have to take the previous 2 bets and join them together to provide us with the total units we need to wager. Since we have wagered 1 unit on the first and second rounds, we end up with a total of 2.
With our 2 units lost, We will then take the previous bet units and join them together. Since we used 2 and 1 on our last bets. The next wager will have to be 3 units. Continue the sequence until you’ve won. Once you win, it is time to start the whole process all over again from the beginning. With this system, it is theoretically possible to recover all the losses that you have accrued.
Applying the Fibonacci method to esports bets
Applying the Fibonacci betting system to an esports betting strategy is aimed at giving you the means to control your budget in a way that allows you to progressively gain profit or cover your losses. Though it isn’t the most exhilarating way to get a winning bet on esports betting, you must have got the notion that money management is important to successful betting on any type of gambling – e-sports included. Here is an example of how it would work.
For example, you have €200 as your budget for a week’s wagering on any top esports bets such as the Intel Extreme Masters on CS:GO. You would need to match each wager to each number of the number sequence in such a way that it would go from €10,€20,€30, €50, €80 and so on. In the event that you lose your first wager of €10, then you would need to raise your wager according to the Fibonacci sequence, which would be €20.
One thing that is important to keep in mind when using this system is that you may need a sizeable bankroll, in the event that you end up on a losing streak. When you continually add to your bets by adding previous ones together, bets can get expensive very quickly. That said, if you have pockets deep enough for this system and the odds on all your bets are the same, you are almost guaranteed to at least come out even.
Upsides and downsides of the Fibonacci method
The upside of the Fibonacci system for your betting strategy is that you will be using high stakes on winning bets, and in reverse, using low stakes on losing results. Compared to the more complicated systems like the Labouchere system, the Fibonacci system is comparatively easy. In as much as you recall the numbers of the Fibonacci sequence, so you can modify your wagers accordingly to enable you to have a great chance to get a decent profit.
The biggest downside when using the Fibonacci betting system is that it can turn into a catastrophic event if you hit an unexpected continuous losing streak. As we have seen, the whole idea behind the Fibonacci betting system is based on the logic that there is bound to be a win soon or later. However, based on experience, anyone who bets in the uncertain world of e-sports would know that this ‘guaranteed’ win could take a long time to come.
Is Fibonacci a recommended betting system?
The Fibonacci betting system is best acknowledged as a mathematical approach like the Fibonacci sequence itself. Same as other continuous betting strategies such as the Martingale and Labouchere systems, the logic works well when given unlimited bankrolls and no limits. But in a real-life scenario, the Fibonacci system eventually yields to the same fate as others in real-world gambling, which is an unknown result. The Fibonacci betting system does nothing to boost your final chances of winning bets in the e-sports betting world.
The Fibonacci betting system can help you in winning money in both the short and long term. The focus of this system is more on loss prevention, however. Provided that all the necessary conditions are in place for the system to work, losses are always recovered. That does not mean that you are going to get very far beyond the point where you started, though. You would have to pay particular attention to how this system ties into odds if you are looking to win big.
In conclusion, the Fibonacci system is not a foolproof betting system, but if you are into betting systems and you can take the risk, it is fun. Remember that success with this system (or any other system for that matter) is not guaranteed. One very important thing to note is that you have to remain disciplined in your stakes. Before you start betting, you must decide on the amount of money you are willing to risk. If that amount is lost, just accept your losses, but stop playing.
Other e-sports betting strategies to check out
The Martingale System
The Martingale system is a good betting strategy that anyone can understand and apply easily to any bet. To use the Martingale system, you double your stakes when your bet loses, but you begin with your initial stake when your bet wins. With this format, lost bets can be cleared instantly with one bet, but this requires you to get a good win before your money runs out.
The system works best when used in staking odds of events where there are equal chances of winning and as well as losing. Therefore, getting the odds that best suite this strategy is advisable for you as doing so helps your chances of winning.
The Labouchere System
The Labouchere system is more complex compared to the Fibonacci and Martingale systems but works in a similar way to both of them. This system requires you to write out a list of logically ordered numbers, where your waging stake will be the addition of the first and last numbers.
So if you list out 1, 2, 3, your first wager should be €4. If your bet wins, you will take the first and last numbers away and stake with the number left which should be €2. But if your bet loses, in the sequence, you add a number which will give you (1, 2, 3, 4), and then stake with the initial and last numbers which should be £5.
The Anti-Martingale System
The Anti-Martingale system works directly opposite to the Martingale system. Therefore, instead of doubling your stakes when you lose, you would be dividing your wager in two on all your wins. Similarly to the Martingale system, the Anti-Martingale is very easy to execute with a good chance of you covering your losses over a short-term.
With the Anti-Martingale betting system, there is the possibility of you making much more profits when you are going on a winning streak, but there is also the possibility of you running into great loses when you are on a terrible losing streak.