Fibonacci was an Italian mathematician born in Pisa in 1170. He discovered that numbers appear unexpectedly often in mathematics, so much that there is an entire journal dedicated to their study, the Fibonacci Quarterly.
Applications of Fibonacci numbers include computer algorithms such as the Fibonacci search technique and the Fibonacci heap data structure, and graphs called Fibonacci cubes used for interconnecting parallel and distributed systems.
They also appear in biological settings, such as branching in trees, phyllotaxis (the arrangement of leaves on a stem), the fruit sprouts of a pineapple, the flowering of an artichoke, an uncurling fern and the arrangement of a pine cone's bracts.
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In the Fibonacci sequence of numbers, after 0 and 1, each number is the sum of the two prior numbers.
Hence, the sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610 and so on extending to infinity.
Each number is approximately 1.618 times greater than the preceding number.
This figure 1.618 is called Phi or the Golden Ratio. The inverse of 1.618 is 0.618.
The ratio has been observed in the Parthenon, Leonardo da Vinci's Mona Lisa, sunflowers, rose petals, mollusk shells, tree branches, human faces, ancient Greek vases, and even the spiral galaxies of outer space.
The player starts out by betting one and then works his way through the Fibonacci sequence until he gets a win.
The player starts to bet through the sequence numbers until he wins.
Now once the player bets this 34 and won, he moves back two numbers in the sequence and bet that number. So the player next bet would be 13. He repeats this process over and over until he is back at the start of the progression – he always moves back two numbers in the sequence after a win.
When you first start playing the Fibonacci system, it's very useful to write down the sequence as you go. It can be a little complicated to remember where you're up to, especially in the heat of a game. As you get more experienced, the calculations can be done in your head.
You also need to remember that like all strategies, the Fibonacci is not immune to a long losing run and when this happens you can find yourself in a hole that only a big chunk of luck will pull you out of. For this reason, you should set yourself a stop loss limit and stick to it just as you would with any other strategy.
Let's move from the Italian mathematician to the British Gentleman, James Bond.