Most people come across the Fibonacci sequence of numbers in mathematics courses. This string was not developed; rather, it was observed in nature by a mathematician of the same name. Essentially the next number in the sequence is always the sum of the two before it and the sequence gets larger incredibly quickly. Fibonacci progressions in gambling can be quite useful in money management, but they should be used with caution.

The basics are quite simple in that users will simply start at the lower end of the scale and work their way up. If the bet wins, users keep placing that same stake until they lose. Then, at this point, the users will move up one spot on the sequence. The starting string, then, is 1 - 1 - 2 - 3 - 5 - 8 - 13 - 21 - 34 and so on. This means that the gambler would spend $1 on each wager until he or she wins, and then increase that wager to $2 until he or she wins again.

Of course, there are some folks who claim that Fibonacci progressions in gambling cannot work unless the gambler has a method for moving forward and backward along the string. This means that some folks prefer to wait until they have lost to climb a notch and move backwards two spaces for each win. The idea of doing it this way simply allows an individual to recoup his or her losses after experiencing a losing streak.

The only real drawback to this method is that those who go on long streaks of either wins or losses will quickly exceed the table limits if they climb forward in the progression. As such, it is best to start at the low end of the sequence and work upward from there. It works best with titles such as roulette or craps in which even-money bets are present. This way, the odds of winning are almost 50/50 and the strategy itself has a better chance to work as it should. So, for roulette, betting on red or black, even or odd and high or low numbers is preferred. IN craps, the traditional Pass or Come wagers are fitting.