Fibonacci sequence progression is based on Fibonacci sequence. It was older than Martingale system and belongs to 13th century time perio. As famous Fibonacci sequence is a series of number in which the next number is result of adding two previous numbers. If initial numbers are drawn they are as follow :0,1,1,,2,3,5,8,13,21,…….and so on.
Fibonacci sequence progression is used for moving ahead in while betting if you have lost the bet. It is used just like Martingale but both strategies are different from each other in many ways.
Fibonacci progression is slow building progression unlike Martingale. It can be used to bet on games of football for draw events. Due to lesser risk involved. In case bet is lost during long duration matches no big money would be involved. It would be true for ice hockey as well where chances of draw are higher.
To bet in game using Fibonacci sequence you have to choose event with lesser rate than amount you have reserved for game. Now there can be two option either you win or lose. If you win you can again place bet with initial amount. However, if you lose the bet would be multiplied by the next number of Fibonacci sequence.
Let us see how Fibonacci sequence works while betting. Suppose you start betting with initial amount of $3. Now there would be two options. One if you win you will again place bet with same amount that is $3. However, if you lose you will multiply your bet with the number of Fibonacci sequence that is 1. Your second bet would be again $3. Then again if you win your bet would be same and if you lose you will multiply your bet with second number in series that is 1. There again your bet would be $3. If you lose again then you bet would be again multiplied by third number in series that is 2. Now the bet would be $6. This process continues depending upon capital available. Here you can see that the decision is based on product of the game.
Fibonacci sequence has its own pros and cons. The positive aspect is that this bet builds on as all the lost is covered by one winning stroke of roulette wheel. But the drawback is that if you win a stake the two numbers are deleted from the series as you have already placed your bet on base of their result.