When it comes to football betting, there is all manner of different systems, each with their own merits and gamblers who swear by them.
One of the more notable systems in football betting is a progressive betting system known as the Fibonacci strategy.
First introduced in Indian mathematics, it gained widespread exposure in the Western world after appearing in a book titled Liber Aci, which translates as “the book of calculations.”
This book was published during the beginning of the 13th century by an Italian called Leonardo Pisano, otherwise known as Leonardo of Pisa, and Fibonacci.
How does the Fibonacci system work?
The basis for the system is pretty simple:
Bet on a draw, and if you lose, bet on another draw. This process is repeated until you win.
Two important rules that you have to follow, are to only bet on draws with odds of 2.618 or above, and increase your betting stake in a manner that mirrors the Fibonacci sequence;
1, 1, 2, 3, 5, 8, 13 and so forth.
The entire theory is drawn from a belief that a draw in football is one of the most difficult outcomes for a bookmaker to predict, and as such a bettor can look to work this to their own advantage.
Essentially, the entire system rests on the belief that so long as you continually increase the stake placed on each game, when you win it will cancel out any previous losses and provide you with a betting wallet in the green.
Does the Fibonacci system actually work?
This has been hotly debated over the years, and while the system itself may be genuine there are other circumstances that prevent the procedure from becoming a veritable licence to print money.
The first issue is that many games are played simultaneously, meaning they finish at the same time. This removes any possibility of being able to increase your stake if a draw doesn’t occur.
It has been suggested that the alternative is to apply the Fibonacci system to a particular football team, but occasionally sides can go for a prolonged period of time without drawing a game.
The Manchester United team of 2008/09 managed to play 20 games without registering a single draw, but if the system were applied to this particular team during that particular season the overall stake would have been £28,656 with winnings of £44,878.60.
An overall profit of £16,222.60.
However, the truth is that, like most mathematical equations and theories, the concept is legitimate, but only under perfect circumstances.
Those circumstances include having enough money to carry out the system over the season, being able to place football bets for every single game that Manchester United played that season, and being able to do so without bookmaker constraints or issues.
The amount wagered on the final, winning bet would have been over £10,000.
If the bettor had found themselves using the system deep into the season and then for whatever reason been unable to match that final bet they would have been almost £30,000 out of pocket.
The truth is, everyone reaches a limit at some point, but if you believe you have what it takes to be one of the Fibonacci system success stories, be sure to research the system thoroughly and choose your team of choice on Fifa55 !
