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How work Fibonacci strategy?

Who really use it and make profit?

Fibonacci numbers are most useful in trading to predict the next possible range of market movements. But I am not exact aware of any strategy using this series of numbers in gambling.

Google showed this. Sounds similar to martingale.

Related youtube video on 'Fibonacci Betting System Explained' : https://www.youtube.com/watch?v=9ZyVEe1ORTE

Thanks for the youtube link for the explanation. I am also looking for this strategy as I used the binary style, when I bet keep on doubling :) some times I lost, and not a good one in the long run.  ;D

Honestly guys, I am still not convince with this type of method being use in gambling, I have tried it many times in sports betting but to no avail I do not have a progressive result. Right now, the most possible way to win is just to have more wins than loses and using flat betting.

We just need to have a decent bankroll.

don't bother with any of those. It's all a big loser in the long run.

Search "gamblers fallacy" there will be a few sites explaining why its a
bad idea to use these chase systems. Everyone that I have known who
has tried though it was great until they went bust.

In doing binary trading doing martingale doesnt work anytime and you must have a big bankroll or a big account  that could able to withstand 7-10 levels then its possible  to cope up with  loss and make profits with this strategy but its really better to follow the trend and use only martingale if lose but when you are on a trend usually max lose is only 2-3x which is okay. Thanks for the link too its really useful for me.

If the gambling house generating random numbers based on Fibonacci series and you identify their pattern then you may get chances to make profits by using this strategy. This is not sure that gambling houses will follow Fibonacci numbers to generate their random numbers. So, practically I am still confused how it will be possible to use this strategy.

You can really make profit in Finobonacci and it always generating a random numbers you will win there by chances but honestly most of time you gonna lose here and im not really convinced to use this kind of betting try another method or try another gambling sports betting site.

well the videos does say it won't work for a long term and for me this method is almost like martingale but it is worse than martingale, but it requires less bankroll, why i think is worse, let see the examples

Fibonacci : 1 1 2 3 5 8 13 21 34 55 = 143

Martingale : 1 2 4 8 16 32 64 128 256 512 = 1023

Fibonacci : when we lose 5 times in a row and win in 6th attempts we will still lose 4 satoshi

martingale : when we lose 5 times in a row and win in 6th attempts we still have 1 satoshi profit

you forgot about the second variable: How much are you going to raise the bet size on loss?

it doesn't matter what method you choose all these names are doing is changing the multiplier which means you raise the bet size with a different multiplier.

e.g. in martingale with 2x (numbers you said) you raise the bet 100% (2x) on each loss and with multiplier of 10x you raise it less and so on.

so the same thing is true about Fibonacci, you have to come up with a correct amount to raise your bet so that it covers the previous losses and makes you some profit and it can no longer be a 100% and so on but instead a variable amount needing to be calculated with a bot you code yourself.

Thanks for explaining mate im not familiar with this set up and it seems that its still the same way with martingale thats needed luck and self control for me it wont be used that much because in the long run house will eat us still so better to play with your own strategy and instinct to win.

Fibonacci will never be profitable as it simply adds the last two numbers together.

From the first bet on if you lose you will end up making a loss when using those numbers to dictate your betting.

Martingale does work if you have unlimited bankroll and unlimited max bet. These two however are never the case and a long losing streak will result in you losing it all.

Thanks for this explanation, I didn't know about this one too. Probably it won't work, but I gonna check it and see what happens.
Default strategies never work by themselves on long run like martingale and this fibonacci, must change the strategies, add new methods, to decrease the chances to lose and survive in game for more time, that is what everyone wants.

Thanks, I will try this strategy with dice..
I think is better than martingale strategy.

I think nobody uses it to make profit, it's near to impossible.
A example above can show you how this doesn't work. You will always end a long streak losing some satoshis. And it usually happens... Fibonacci is a way to lose your money on long time, slowly, different from Martingale, which you lose all in seconds. I suggest you to try the method to see by yourself it won't work, and tell us later here on this thread.

fibonacci strategy is similar to martingale but this one has less aggressive.
used both strategy just to make your bets more varies not for making profit.
you have to know that it was fact that any strategy doesn't change anything in gambling , fibonacci, martingale, d'Alembert  etc all just to make a variation nothing more.

there is no way to make -ev bets that will end up good for you.

If you want to win at gambling, make good bets. You cannot make good bets on a dice site.

what mean good bet?
why dice site is not good?

fibonancci strategy still better good is comapare martiangle strategy
because can reduce lost much money and can use only low capital money can compare martiangle strategy
to still take profit you can setting profit in dice play

I'm assuming he is talking about offline bets with more freedom.If I were you,I wouldn't take that seriously.Dice is convenient and results are completely randomized depending on the site you're playing,not a good place for any strategies to work out including Fibonacci. 

Hello.

When it was my first week gambling(online/real-world) I spent hours and hours looking for strategies. What I've learned from experience is never play long. Do 5-20 minutes. Either go big or go home.

-jamyr

P.S.

These are words I write, but cannot live with. :(

a good bet is a bet with a positive expected value, a bad bet is a bet with a negative expected value.

Examples of bad bets, every bet on a dice site or 99% of bets in a casino.

Neutral bet, that has an ev of 0. We flip a coin, you get 1 dollar if it's heads, i get 1 dollar if it's tails. That is an even bet for both of us.

Good bet, we flip a coin, if it's heads you give me a dollar, if it's tails I give you 95 cents. That is a good bet for me, and a bad bet for you.

Theres no strategy exist when you do play gambling  especially when you play on games which fully relies on luck. Playing  long hours on gambling is not an ideal thing because most gamblers do lose on the long run that's why its not ideal to play on longer hours. You wrote it but you cant live with it then you are sure a gambling addict. :)

Back to topic. didn't heard about fibonnacci strategy that is being used on gambling I do only hear that on forex tradings.

I'd suggest not using math systems like martingale and whatever this is that you're talking about. They do not work in the long-run. You are not guaranteed to inevitably win, so you can lose your money very quickly with these systems that don't actually work.

It's Fibonacci series what we learnt in the middle school.Forget about working in the long run,they don't work at all.Might work in offline bets (as discussed in the thread before).

Again,depends on the type of bets that decides how quickly you lose and not your strategies.

every strategy has its own pros and cons and when it comes down to gambling everything depends on the luck and if you get lucky to win or not and lose.

Fibonacci strategy is no different either, and it is so much harder to implement than other easier strategies like martingale because you have to calculate your total loss every round and make a bigger bet to cover all the accumulated loss. the good part of it is that you can play with a smaller bankroll.

Fibonacci is worse than Martingale. You never get profit, it's just a way to lose your money slowly. Much time ago I tried this and after 2 minutes I saw that it won't work. On losses sequences you never recover all the satoshis lost with Fibonacci, you always miss some satoshis.

Both strategies, Fibonacci and Martingale, don't work on long term, but Martingale can be more profitable on short term.

don't get confused with the names, these are all just numbers and require basic mathematical knowledge to come up with another strategy! you can call it anything you like then.

the important thing to remember in any kind of strategy is that you should look for ways to carefully design them so that when you lose 1 time or 1000 times any bet in between that is won, brings back all your money plus profit and that is the hardest part not coming up with how you increase the next bet.

I have one word to say, don't blame it to the method, blame it to ourselves. We are the one making bets, so it's up to us if we can win or not.

that's right its the intention why martingale has been form keep doubling your money to at least get small rewards if you win from your pick i'm not really famliar with Fibonacci but it seems that same process and get same results just to recover and win at least smaller winnings but in the end we are still can't rely on any strategy we need to build our own own to win.

every strategy needs to be tested first before using it with real money and Fibonacci strategy is no different. I have never heard about it before this but since it seems like an interesting strategy from what i have read so far, i am most certainly going to do some research about this method and then do some calculations and report back with the results.

it is good to have some change in my strategies when it comes to dice games.

Hello.


Gambling enthusiast would be a much acceptable term. Haha. Well it really is addictive especially if the community(virtual or real) is very lively. Just like facebook, twitter, and other social media websites. I personally go to places to gamble for fun, not for profit. So win or lose(which is mostly the case), I smile whenever I am done.

-jamyr

do not call martingale a "math system." anyone who has looked at the math of it and has a brain will tell you that it will cause you to lose a ton.