There are plenty of successful betting strategies out there, but the Fibonacci system has to be one of the oddest. Based on a series of naturally occurring Fibonacci numbers, the Fibonacci system has helped many punters successfully manage their bank rolls and making some decent winnings with their bets.
As a result, we’ve created a brief guide to the Fibonacci system so that you can discover some interesting Fibonacci facts and apply them to your CSGO betting. So if you ever wondered what is the Fibonacci sequence, we are here to unveil those famous Fibonacci numbers.
What are the Fibonacci numbers? Fun Fibonacci facts uncovered
The Fibonacci numbers were first noted hundreds of years ago, and it was the famous Italian mathematician, Leonardo of Pisa and Fibonacci, who illustrated how the growth of a population of rabbits seemed to be based on a series of cumulative numbers.
The numbers in the Fibonacci system are the sum of the preceding two numbers. This runs from 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on. Whilst this may look like just one of those mildly diverting Fibonacci facts, it quickly became apparent that this series of numbers was a good way to describe the growth of many natural phenomena, from the spiral of shells, to the arrangement of a pine cone.
It wasn’t long before some enterprising gambling fans sought to use some of these Fibonacci facts to help them create the most effective betting system. So whilst we could analyse some Da Vinci Code conspiracy theories about this series of numbers, we should take a look at what the Fibonacci sequence is useful for in terms of CSGO betting.
How does the Fibonacci system work for CSGO betting
Using the Fibonacci sequence for CSGO betting isn’t going to help you work out who will win the next Intel Grand Slam game between Fnatic and Cloud9. Instead it aims to give you a way to manage your betting budget so that you can gradually build up a decent profit and cover any losses.
Whilst this might not be the most exciting way to land a winning CSGO bet, we all know how money management is an essential part of successful esports betting. So here’s a quick case study of how to use the Fibonacci sequence for wagering on Counter-Strike Global Offensive.
An example of using the Fibonacci betting system for CSGO bets
Let’s imagine that you have £200 in your budget for a week’s betting on a top CSGO tournament like the Intel Extreme Masters. You would match each stake to each number in the Fibonacci sequence in a way that would run from £10, £20, £30, £50, £80 and so on. If you lose your first CSGO bet of £10, then you would move one step higher up the Fibonacci sequence to wager £20. Whereas if you win your wager you move down the sequence two steps. We should mention the fact that if you haven’t moved up the sequence before winning, you need to start back at the beginning.
This means that you always increase your stakes after a losing bet, but you reduce your stakes if you manage to win. So rather than choosing your stakes in a haphazard manner, you’ll be betting in a controlled manner that should hopefully cover any losses that crop up.
Why so many punters use the Fibonacci system
The great thing about using the Fibonacci system for your CSGO betting is the way that it means that you should be using higher stakes for winning results, and in turn, you should be using lower stakes for losing bets.
Rather than more complex systems such as the Labouchere strategy, the Fibonacci system is relatively straightforward. As long as you remember the basic numbers in the Fibonacci sequence, then you can adjust your stakes accordingly so that you stand a good chance of walking out of a day’s betting with a decent profit.
Drawbacks of using the Fibonacci system
Like all other betting systems, the Fibonacci strategy is not completely foolproof, and so you shouldn’t just blindly follow the numbers without thinking carefully about how it applies to your CSGO bets.
The main problem with using the Fibonacci system is the fact that it can quickly turn into a disaster if you hit any unexpectedly nasty losing streak. The whole basis of the Fibonacci system is built upon the premise that you will get a decent win sooner or later. But anybody who has bet on the unpredictable world of esports will know that this isn’t always the case.
It’s quite easy to see how your betting stakes could easily get so high that you will run out of money before you manage to get a win. In addition to this, you should also factor in how some betting sites implement some fairly strict wagering limits that could affect the use of the Fibonacci sequence when adjusting your stakes.
So we have to conclude that the Fibonacci sequence isn’t a flawless betting system, but is merely one way of managing your betting budget. As always, knowing how to gamble responsibly and know when to stop betting is far better than any supposedly foolproof betting system.
Other betting strategies that work
It’s not just the Fibonacci system that can help you to manage your bankroll. So if you’ve given the Fibonacci sequence a go, then why not check out some of these other famous betting systems.
The Martingale strategy
This is a great betting system that anybody can easily understand and apply to their CSGO bets. In order to use the Martingale strategy, you simply double your stakes if you bet loses, whilst you start with your original stake if your wager wins. This has the potential to instantly clear any losses with a single bet, but obviously requires you to eventually get a decent win before you run out of money.
The Martingale system probably works best when used for odds of evens where there is roughly an equal chance of winning or losing. So be sure to shop around for odds that are well suited to this kind of betting strategy.
The Labouchere system
The Labouchere system is a little more complex but works in a similar way to both the Martingale and Fibonacci strategies. This requires you to write a list of sequential numbers, and your betting stake will be made up of the sum of the first and last numbers.
So if you write 1, 2, 3, then your first stake will be £4. If you win your bet, you take away the first and last numbers and bet with the remaining number which would be £2. But if you lose your bet, you add a number to the sequence (1, 2, 3, 4), and once again bet with the first and last numbers which would be £5.
This is another way to try and cover any losses whilst keeping your bankroll under control. But again, it means that you have to avoid any losing streaks and hold out for a win before you can successfully use this system to get any profits on your CSGO bets.