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Roulette Strategy and Tips: The Fibonacci Strategy

Roulette Strategy and Tips

Roulette is the easiest game to play at the casino, besides also being one of the easiest games to understand. Roulette is different from other table games in terms of the chips used. The roulette chips are without value denomination. The roulette table comes with six to eight sets of chips, all of different colors, and each set contains 300 chips. When chips are being purchased, the player gets his own color and the value of the chips depends on the buy-in divided by the number of chips. The dealer will then place a token on top of the stack to indicate the value.

A typical American roulette wheel comes with 38 numbered slots: 1 to 36, one zero slot, and double zero slots. The following table shows the available bets and the probability of winning according to the US rules of a double zero roulette:

 

Bet Pays Probability Win House Edge
Red 1 47.37% 5.26%
Black 1 47.37% 5.26%
Odd 1 47.37% 5.26%
Even 1 47.37% 5.26%
1 to 18 1 47.37% 5.26%
19 to 36 1 47.37% 5.26%
1 to 12 2 31.58% 5.26%
13 to 24 2 31.58% 5.26%
25 to 36 2 31.58% 5.26%
Six line (6 numbers) 5 15.79% 5.26%
First five (5 numbers) 6 13.16% 7.89%
Corner (4 numbers) 8 10.53% 5.26%
Street (3 numbers) 11 7.89% 5.26%
Split (2 numbers) 17 5.26% 5.26%
Any one number 35 2.63% 5.26%

 

Fibonacci Strategy

The Fibonacci strategy was founded by Leonardo Pisano Bigollo, nicknamed Fibonacci. He was a famous Italian mathematician who once discovered a very interesting sequence of numbers which have since been named after him. According to this sequence, numbers are generated by summing up the last two digits together: 1 – 1 – 2 – 3 – 5 – 8 – 13 – 21 – 34 – 55 – 89 – 144 – 233 – 377 – 610.

This strategy involves betting through the addition of the last two bets. The advantage of it is that players are able to earn a profit if they lose more games than if they’ve won. The disadvantage, however, is that the further the player goes in through the sequence, the more money he will lose.

Since this strategy employs an even chance betting system, players can start off with a small bet on either black or red, even or odd, 1-18 or 19-36. If you lose, keep going down the sequence. For example, if you’ve bet $1, bet another $1. If you lose again, bet $2 ($1 + $1). If you win, however, move back two bets in the sequence and bet that amount. The sequence below is an example of how a player would bet in accordance to the Fibonacci strategy:

Bet black, $3 — lose

Bet black, $3 — lose

Bet black, $6 — lose

Bet black, $9 — lose

Bet black, $15 — win

Bet black, $6 — lose

Bet black, $9 — win

Bet black, $3 — win

Bet black, $3 — win

Hence, according to the sequence, although the player have lost five bets and won four, he still has a $3 gain.