# What is The Fibonacci Betting System?

Leonardo Pisano Bigolloalso known as Fibonacci, was a mathematician who came up with a sequence that can be applied in real-life situations to cover previous losses. According to this Fibonacci sequence, every new number equals the total of the previous two numbers.

In betting, it is a progressive betting system where you increase the stakes every time you lose. In gambling, there is a lot of numbers and math, which makes it possible to use this Fibonacci sequence to recover previous losses. This sequence works on the fact that if you win with a higher stake than you had previously lost, what you gain will be enough to cover what you lost.

### How does it work?

There are a few rules that you must follow if you want to apply this betting system. The first one is that you should pick one betting unit. That will entirely depend on your budget or even your financial limitations. That means if you decide to start betting with \$2, then that is what you will progressively use.

It is advisable to start betting using the smaller units. When you lose or keep losing, it could be a manageable loss if you start with smaller units. You also don’t have to stake so high the second time because you will just add up the last two units, which were small units.

Here is an example of how this system works:-

• Bet \$1 until you lose. Then bet \$2.
• If you lose, then bet \$3.