Stephanie Sorrell

If you’re a relatively new <a href="https://outplayed.com/blog/sports-betting-guide">sports bettor</a>, you might have found yourself a bit baffled by the odds types available from most betting sites.

It’s the norm in the UK for bookies to default to fractional odds, as they’re the traditional odds type for Brits, and therefore the type most of us are most familiar with.

You might have heard, though, that decimal odds can be easier to work with, and be wondering about how to go about using them. It’s worth taking the time to learn how to use decimal odds, especially if you’re <a href="https://outplayed.com/what-is-matched-betting">making money through Matched Betting</a>, which relies on easy <a href="https://outplayed.com/blog/how-to-read-betting-odds">comparison of odds</a>.

In this article, we’ll talk you through everything you need to know about using decimal odds, including how they correspond to fractional odds, how to calculate your return, and why you might prefer to use them.

In betting, odds represent the amount someone can expect to win if their bet is successful. High odds indicate high profits, and a smaller chance of the bet winning, while low odds indicate lower profits, but a higher chance of the bet winning.

Because of this, odds can also be looked at as a <a href="https://outplayed.com/blog/what-is-implied-probability">representation of probability</a> - though you shouldn’t assume that nothing but true probability determines the odds on an event.

Bookies also have a <a href="https://outplayed.com/blog/how-are-betting-odds-determined">profit margin on the odds they set</a>, and adjust them according to betting volume, not just likelihood, meaning that you can’t rely on odds to tell you how likely something is to happen.

There are three main types of odds used in the UK: fractional, decimal and moneyline, with fractional and decimal being by far the most commonly used.

The traditional odds format in the UK, and the one you’re likely to first encounter when you sign up with a bookie. Fractional odds indicate the amount you will win depending on your original stake, with the first number showing your winnings, and the second your stake. For example, odds of 2/1 indicate that for every £1 you stake, you’ll receive £2 in winnings if your bet is successful.

Decimal odds are also known as European odds, as this odds format is most popular on the continent. Decimal odds are the most straightforward; they come in the form of a number (often with decimal places, hence the name), which you multiply by your original stake to get your total return. For example, odds of 3 (the equivalent of 2/1 in fractional odds) indicate that you’ll receive a total return of £3 if you bet £1 (£2 in winnings plus your original stake).

Moneyline odds are also known as American odds, as they’re used predominantly in North America. Compared to decimal or even fractional odds, they’re quite confusing, as they use two different formats depending on whether your bet has a better or worse chance of winning than 50%.

For a favourite (a selection that’s got a higher than 50% chance of winning), the odds indicate the amount you have to bet in order to win £100 (or, as they’re more commonly used in the US, $100). For an underdog (a selection that’s got a lower than 50% chance of winning), meanwhile, the odds indicate the amount of profit you’ll make if you bet £100.

For example, +200 odds means that if you bet £100, you’ll make £200 in profit if your bet wins. -200 odds means that you need to bet £200 in order to make £100 in profit if your bet wins.

If this sounds confusing, that’s very understandable - but don’t worry, you’re very unlikely to have any need to understand moneyline odds if you’re betting in the UK.

How To Calculate Your Return With Decimal Odds

Calculating your return is really easy with decimal odds - you simply multiply your stake by the odds in question. We’ll use a couple of examples to illustrate this:

1. You might decide to bet £20 on a draw between Ipswich and Crystal Palace in their upcoming match, at odds of 3.4.

Your total return is your £20 stake multiplied by 3.4 - so £68. This would be £48 in winnings plus your original £20 stake.

2. As more of a fan of horse racing, you place a bet of £15 on Sedbury, a relative long shot, to win the 18:00 at Wolverhampton, at odds of 17.

At odds of 17 a win isn’t hugely likely, but if your horse did make first place your total return would be £15 multiplied by 17 - £255. This would be £240 in winnings plus your original £15 stake.

3. You decide to have a punt at a horse racing accumulator, opting for the favourites at four races at Plumpton. This combination results in odds of 63.67, and you opt for a £5 stake.

In the event that all four of your horses win their races, you’ll make a total return of £318.38 - your £5 stake multiplied by 63.67*. This means you’d receive £313.38 in winnings plus your original £5 stake.

*In this particular case, the actual odds are 63.675, but they’ve been rounded down by the bookie in your betslip.

It’s important to bear in mind that the calculation is a bit different for free bets, especially if you’re Matched Betting. As a general rule, your stake is not returned if your free bet wins, meaning that your calculation to work out your return is a bit different.

For example, let’s imagine that your £20 bet on Ipswich v Crystal Palace was placed with a £20 free bet, rather than with £20 of your own funds. To work out your return, you still multiply your stake by the odds - but having done so, you deduct your original stake to get your return:

Your return from this free bet would therefore be £48 if your bet went on to win.

How To Calculate Implied Probability From Decimal Odds

<a href="https://outplayed.com/blog/what-is-implied-probability">Implied probability</a> is, as it sounds, the likelihood of an outcome implied by the odds from a bookie. With just a little familiarity with decimal odds, you’ll start to get an immediate feel for the rough probability of an outcome from the odds you see.

After gaining a little experience of sports betting, most people will be aware that decimal odds of 2.0 mean that something has a 50% chance of happening - and they can therefore immediately gauge that anything with odds lower than 2 is more likely than not to happen, whereas something with odds higher than 2 is much less likely to occur (according to the odds they see - don’t forget, the <a href="https://outplayed.com/blog/how-are-betting-odds-determined">bookies do manipulate odds</a> to maximise their profits).

The great thing about decimal odds is that it’s incredibly easy to work out the exact implied probability of any odds. The formula to use is simply 100/odds, which gives you the percentage chance of your selected outcome occurring.

For example, for decimal odds of 4.0, you would do the following calculation:

Alternatively, if you’d prefer to avoid maths altogether (and really, who wouldn’t?), most <a href="https://www.aceodds.com/bet-calculator/odds-converter.html">online odds converters</a> will immediately calculate the implied probability for you.

Why <a href="https://outplayed.com/blog/what-are-the-best-odds-for-matched-betting" target="_blank" title="">Decimal Odds Are Best For Matched Betting</a>

No, you certainly don’t have to! If you’re a casual sports bettor, and especially if you’re not Matched Betting or using other value betting strategies, you might be more comfortable sticking with fractional odds if you’re already familiar with them. That said, if you are Matched Betting, you’ll definitely have an easier time if you’re using decimal odds, so we strongly recommend that you do so.

You should find an option to select your odds format on any bookie’s website. This may be in the Settings section of your account, all the way at the bottom of the page in the sports section, or sometimes near the top of your screen. Some bookies may have a wider range of odds formats than the main three, but you should always see at least fractional and decimal options.

Fractional odds may be the traditional format in the UK, but decimal odds are infinitely easier to use - and having reached the end of this article, you ought to be pretty expert in using them by now!

Whether you just place the odd sports bet for fun, use Matched Betting as a side hustle or strategically use value betting for profit, using decimal odds will make your life simpler and easier - with no real downside at all. Why not get started with decimal odds by <a href="https://outplayed.com/what-is-matched-betting">having a go at Matched Betting</a> today?

How To Use Decimal Odds

Paul Trevor

The gambling industry is full of different betting strategies and systems that players employ to try and enhance their profits when placing different <a href="https://outplayed.com/blog/types-of-bets">types of bets</a>.

The 1 3 2 6 betting system offers a structured approach to gambling and is particularly popular with <a href="https://outplayed.com/blog/ultimate-guide-to-casinos">Casino betting</a>.

It’s believed that the system emulates and is a different version of the <a href="https://outplayed.com/blog/paroli-betting-system">Paroli Betting System</a>.

The gambling industry is full of different betting strategies and systems that players employ to try and enhance their profits.&nbsp;&nbsp;

The 1 3 2 6 betting system is mainly used for games such as <a href="https://outplayed.com/blog/how-to-play-blackjack">Blackjack</a>, Craps and <a href="https://outplayed.com/blog/how-to-play-roulette">Roulette</a>.&nbsp;

But does the 1 3 2 6 betting system actually work? This guide will explain how the 1 3 2 6 betting system in more detail, how it works and the advantages and drawbacks to using it.&nbsp;

Similar to the Fibonacci betting system and other <a href="https://outplayed.com/blog/unit-betting-system">Unit betting</a> systems, this system requires you to follow a predetermined sequence with set stakes.

The first thing to do is choose your unit stake.&nbsp; To do this, you must assess your bankroll and decide what would be affordable.&nbsp;&nbsp;

For example, if you chose £10 as your unit bet and you won your first four bets, you would be betting 1 unit (£10), 3 units (£30), 2 units (£20) and finally 6 units (£60).&nbsp; After this sequence, you then go back to the start of the sequence.&nbsp;

If any of your bets lose during the sequence, you start at the beginning again with a 1 unit stake.

The 1 3 2 6 betting system is intended to be used when the odds are even so there’s a 50/50 chance of winning.

That’s why the system is popular in casino games as there are games that provide odds close to evens:

As mentioned, the system is based on a sequence of four different unit sizes, 1, 3, 2 and 6.&nbsp; Each time your bet wins, you increase your unit stake by the next number in the sequence.&nbsp; If you hit a loss, you simply revert back to the start of the sequence again.

Let’s assume you’re using a unit stake of £10 and see what it looks like:

Sequence Step One: 1 Unit

Sequence Step Two: 3 Units

Sequence Step Three: 2 Units

Sequence Step Four: 6 Units

Let’s say you have a great day with your bets and all four of your bets in the sequence win:

Now, let’s not get carried away as you shouldn’t expect this type of luck on a regular basis.&nbsp; However, this outcome would result in £120 profit which is not to be sniffed at.

So what would happen if the boot was on the other foot and all four bets lost?&nbsp;&nbsp;

So, this time you’re £40 down and whilst that might have provided a little damage limitation, it’s still a bit of a hit to your bankroll.

The above two sets of results aren’t unheard of but you’re more likely to get a mixture of results.&nbsp; Let’s have a look at what a realistic run might look like using the 1-3-2-6 betting system with a unit bet of £10:

In this example we have run through the 1-3-2-6 betting system sequence twice to show you how the mixture of wins and losses might look. With 4 losses and 4 wins, you still make £80 profit.

Had all eight bets lost, you would be £80 down so always bet according to your budget.&nbsp; This might mean unit bets of £1 instead of £10.

Pros And Cons Of The 1-3-2-6 Betting System

As with any betting strategy or system, there will always be pros and cons as no betting system comes with guarantees.&nbsp; Here’s some of the advantages and disadvantages of using the 1 3 2 6 betting system:

Hints For Using The 1-3-2-6 Betting System

Start Small: Whilst you’re new to the 1-3-2-6 betting system, keep your <a href="https://outplayed.com/blog/unit-betting-system">unit bets</a> low whilst you familiarise yourself with the sequences. It might be wise to practice the 1 3 2 6 betting system in a simulated or free set-up.

Pick the Right Unit Size: It’s important that you don’t overspend. You need to choose a unit size that matches your risk tolerance and bankroll.&nbsp; It’s suggested that you restrict your unit size to 1-2% of your bankroll. So with a bankroll of £100, your unit bets should be £1 to £2 each.

Know When to Stop: Systems like this, the <a href="https://outplayed.com/blog/paroli-betting-system">Paroli system</a> and the <a href="https://outplayed.com/blog/does-martingale-strategy-work">Martingale system</a> can preserve your bankrolls if you have a lucky run.&nbsp; However, the luck will run out at some point so try to set limits on how many times you play the sequence.&nbsp; Don’t forget, the bookies and casinos will always play with a <a href="https://outplayed.com/blog/what-is-house-edge">house edge</a>.&nbsp;

Bet Selection: Remember, the 1-3-2-6 betting system has been designed for placing bets that have even money odds or as close to 50/50 as possible.

Use The Same Markets:&nbsp; It’s recommended that you try to bet on the same type of markets as you work your way through the sequence. For example, if you bet on a player on your first bet, continue placing player bets for the remaining three bets in the betting sequence.

Use More Than One Bookie: Don’t just restrict yourself to one bookmaker.&nbsp; Open a few accounts as this gives you more opportunities to find the right odds.

Look For Offers: Following on from using multiple bookies, a lot of them offer all sorts of bonuses on sports and <a href="https://outplayed.com/blog/why-you-need-to-do-casino-offers">casinos</a>. These can be in the form of free bets or odds boosts.&nbsp;

What To Use The 1-3-2-6 Betting System On

This system was devised to be used on certain <a href="https://outplayed.com/blog/best-casino-bonuses">casino games</a> because of the even money odds available on some games.

That’s still its main use but in recent years, the use of it has evolved a little to other <a href="https://outplayed.com/blog/sports-betting-guide">sports betting</a>. Let’s take a look at what you might use the 1 3 2 6 betting system on:

Alternatives To The 1-3-2-6 Betting System

There are plenty of different betting systems and strategies out there that you could try.&nbsp; What might be right for one person may not be right for another. As usual, there are no guarantees of success with any of them.&nbsp;

The only guaranteed way to beat the bookies house edge and swing it in your favour is by utilising strategies such as <a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a> or <a href="https://outplayed.com/blog/what-is-value-betting">Value Betting</a>.

Let’s take a quick look at some other betting systems:

This is known as a positive progressive betting system that requires you to increase and decrease your stake based on the outcome of your bets. This system is also based on <a href="https://outplayed.com/blog/paroli-betting-system">Unit Bets</a> where you are looking for even money odds (50/50).

The <a href="https://outplayed.com/blog/paroli-betting-system">Paroli betting system</a> dictates that you double your unit stake after each win and revert back to your original stake after a loss.&nbsp; If you manage to land three wins on the bounce, you then drop back down to the original stake.

This works in contrast to the Paroli betting system because this time you double your stake after a loss and go back to using the original stake when you win.&nbsp;

The Martingale strategy needs a significant bankroll as in essence, you could be chasing losses. Depending on your stake size, with a run of losses, you could be placing large bets which could also hit problems if there are betting maximums at casinos.&nbsp; To get an in-depth understanding, read the <a href="https://outplayed.com/blog/does-martingale-strategy-work">Martingale betting system guide</a>. &nbsp;

The <a href="https://outplayed.com/blog/what-is-the-dalembert-system">D’Alembert system</a> is one of the more conservative betting systems in that you only ever move up or down by one unit.&nbsp; If your bet loses, you increase the bet by one unit and if your bet wins, you increase it by one unit.

This strategy is low risk as it’s aimed at limiting losses and gaining smaller wins.&nbsp; You need to be patient with this strategy as you are never going to win big in one go.

This is one of the more complex unit betting systems. You need to create a sequence of numbers of your choice which are based on the profits you’re targeting.

Your first bet sees you betting the total units of the first and last number in the sequence.&nbsp; If the bet wins, you eliminate those two numbers and place a bet using the next first and last numbers combined. Thai continues until you lose.&nbsp; Once you lose, you add the value of the bet that lost to the end of the sequence and begin all over again.&nbsp;

The original Labouchere system was based on creating sequences of 10 numbers.&nbsp; However, this can take some time to work through so you can create smaller sequences if you wish.

As mentioned, this is a complex betting system so we recommend you read our dedicated <a href="https://outplayed.com/blog/labouchere-betting-system">Labouchere Betting System article</a> if it’s a system you want to explore.&nbsp;

Is the 1-3-2-6 betting system profitable long term?

Can the system be modified?

Is this system infallible?

Is the 1-3-2-6 Betting System Legal?

How To Use The 1 3 2 6 Betting System

Simon Thatcher

<a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a> is often said to be one of the best <a href="https://outplayed.com/blog/side-hustle-ideas">side hustles</a>, and is a great way to make an additional income from home.

Although it's possible to go it alone by finding offers for yourself and using simple free online calculators, using a dedicated Matched Betting site like <a href="https://outplayed.com">Outplayed</a> will greatly <a href="https://outplayed.com/blog/how-much-can-you-make-from-matched-betting">increase your profits</a>.

Using Outplayed, you'll have all the offers handed to you on a plate, with clear and thorough instructions, alongside a wide range of oddsmatchers and calculators.

This will enable you to find and complete far more offers, much more quickly than you'd be able to do by yourself.

In addition, to maximise your earnings from Matched Betting, it's vital to have access to high-quality, trustworthy, and efficient support when you need it.

Although the guides and tools on Outplayed are great and have been refined and improved over the years to be better than ever, there will inevitably still be times when you need a little help. You might need further guidance on completing an offer, using a Matched Betting Calculator, or have a general question you can't see answered elsewhere.

This is where Outplayed's highly rated and world-class support comes in.

Whether you prefer live chat, emails, Facebook Messenger, Facebook groups, forums, live streams, help centres, or YouTube channels, Outplayed has you covered.

In this article, you'll discover all the different types of support available, so you can decide what works best for you. With Outplayed's fantastic support available 7 days a week, you'll never need to be on your own with your Matched Betting.

What Support Is Available From Outplayed?

Outplayed offer a wide range of options for accessing help and support, which is summarised in the table below.

Outplayed's Customer Support team are a group of highly experienced and passionate Matched Bettors, with many years of experience between them. They're an integral part of the Matched Betting experience at Outplayed and are highly valued and respected by members and colleagues.

One of the best ways to gauge the quality of a company as a whole, and aspects of it like Customer Support, is to read customer reviews. Outplayed has over 2,500 <a href="https://www.trustpilot.com/review/outplayed.com">TrustPilot reviews</a> and is rated Excellent overall.&nbsp; Here's a sample of reviews praising Outplayed's Customer Support.

One of the most notable features of Outplayed's Customer Support is the team's incredible collective amount of knowledge, experience, and expertise about Matched Betting, casino offers.

Unlike the experience you might sometimes have when dealing with bookmaker and casino live chat (and to be fair, many of them are great), Outplayed's staff always go the extra mile to resolve your query completely. They'll never reply with a quick best-guess response and always check this carefully if needed.

If they're unsure of the answer, they'll consult with colleagues, whether those are fellow Customer Support staff, members of the tech or offers teams, or even sometimes Outplayed's CEO!

There are many ways to access support at Outplayed, each with its own set of advantages. Here's a quick summary of the support available:

You can go to Outplayed's Customer Support 'Contact Us' page by hovering over 'Contact' at the top of the Outplayed site, then clicking 'Contact':

Alternatively, here's a direct link:

<a href="https://outplayed.com/contact">https://outplayed.com/contact</a>

Live chat is one of the best ways to access support for your Matched Betting. Outplayed's Customer Support team are experts in Matched Betting, casino offers, and value betting, and are on-hand from 9am - 5:30pm 7 days a week to help you with any questions you might have.

If you have an urgent query or just want a quick response to a question, live chat is the ideal choice. One of the most helpful aspects is that you and the member of Customer Support can share screenshots and links. This helps you explain your question more effectively and swiftly and allows the staff member to answer it clearly and efficiently.

You can access Outplayed's live chat by going to <a href="https://outplayed.com">outplayed.com</a> and clicking on the 'Help' icon at the bottom.

A Help box will then expand. From this, you can type in a query in the search box at the top to find relevant articles in the Help Centre.

To get through to a member of the Outplayed Customer support team, click on 'Live chat' at the bottom.

Email is the most appropriate way to contact Outplayed's support team for many queries. All queries emailed to Outplayed are read and usually answered within an hour or two during work hours (9-5:30), and sometimes within a few minutes, depending on how busy Customer Support are.

Here are some reasons for choosing to send an email:

The Customer Support email address is&nbsp;<a href="mailto:support@outplayed.com">support@outplayed.com</a>.

Although not quite as fast as live chat, Facebook Messenger is a quick and effective way to communicate with support staff, who aim to respond within a minute or two. For more detailed responses and sharing of screenshots, live chat is generally a better option.

If you have Facebook Messenger installed on your device, you can use the following link:

<a href="https://m.me/outplayeddotcom">m.me/outplayeddotcom</a>

If you don't have Facebook Messenger installed, you can send a message when you're logged into Facebook on a computer by clicking on this icon:

After this, type outplayeddotcom or outplayed.com in the 'To' section and write your message.

You can find more detail about sending Facebook Messenger messages through Facebook here:

<a href="https://www.facebook.com/help/messenger-app/154917244574299/computer-help/?helpref=platform_switcher&amp;cms_platform=www&amp;_rdr">How to send a message on Facebook</a>.

Available to full Platinum, Diamond, and Pro Outplayed members, the forum is a fantastic resource and a goldmine of valuable information, probably containing answers to most questions you'll ever have about Matched Betting, casino offers and value betting.

The forum is a great community of thousands of like-minded Matched Bettors, with a wealth of information, experience and knowledge between them, who are very generous in helping other forum members.

In addition, highly experienced administrators and moderators are on hand to answer any questions you might have. They can be tagged if your query is urgent, or if you want to be sure your question is answered by an experienced Matched Bettor.

You can find out much more about the Outplayed forum <a href="https://outplayed.com/blog/matched-betting-forum-guide">here</a>.

The Outplayed Facebook page includes many helpful videos that give insights into beating the bookmakers, Matched Betting Tools, and other videos and reels.

You can find the official Outplayed Facebook page at the following link:

<a href="https://en-gb.facebook.com/outplayeddotcom/">facebook.com/outplayeddotcom</a>

Everyone has their preference when seeking support. For many Outplayed members, the two Facebook groups are invaluable resources and their number-one choice. Both groups are very friendly, supportive, and thriving communities with tens of thousands of members sharing their knowledge and experience with others.

A Daily Comment section is added every day in both groups, where members can discuss offers and share their experience.

Another valuable thread is Andy's Daily Post, where a list of the day's best offers is posted, along with a discussion about relevant recent developments in Matched Betting. Questions are always welcome and answered swiftly by admins, moderators, or other group members.

From 9-5:30, 7 days a week, there will also be highly experienced and respected admin staff and moderators on hand to answer any questions you might have, all with many years of experience in Matched Betting and casino offers.

There are two separate Facebook groups - The Newbie Group and the Main Group.

As the name suggests, this group is ideal for newcomers to Outplayed and Matched Betting. It's a great place to start since you'll be with other members who are similarly new to Matched Betting.

In the Newbies group, you won't come across quite so many unusual and potentially confusing terms and jargon words as you will in the main group (don't worry though, they'll be second nature to you in no time and there are jargon buster guides available).

You can apply to be a member of the Outplayed Newbies Facebook group at the following link:

<a href="https://www.facebook.com/groups/outplayednewbies/">https://www.facebook.com/groups/outplayednewbies/</a>

The main Outplayed Facebook group is a great community full of experienced members, as well as relative newcomers. They're a very welcoming and supportive group of people who are always happy to share their experience to help others make more money from bookmakers and casinos.

Here's the link where you can apply to be a member of the Outplayed Main Facebook group:

<a href="https://www.facebook.com/groups/outplayedofficial/">https://www.facebook.com/groups/outplayedofficial/</a>

The Outplayed Help Centre is a fantastic resource where you can find the answers to a wide range of questions about Matched Betting, casino offers, and value betting, as well as answering queries about your Outplayed account.

You can go to the Help Centre by hovering over 'Contact' at the top of the Outplayed site, then clicking on 'Contact':

Matched Betting Support

The Fibonacci sequence is believed to have existed in Indian maths in roughly 200 BC and was then introduced to Western Europe early in the 13th Century by Leonardo of Pisa, also known as Fibonacci who was an Italian Mathematician.&nbsp;

Whilst the system is associated with numbers, it is also linked to occurrences in nature such as the growth of a sunflower or a Nautilus shells.

This is because of the logarithmic spiral growth pattern.

The Fibonacci betting system is known as a negative progression system because it’s based on bets that have lost. Each time you lose a bet, you increase the stakes on the next bet.&nbsp;

In terms of betting, this system was mainly used for games such as <a href="https://outplayed.com/blog/how-to-play-roulette">Roulette</a><a href="https://outplayed.com/blog/how-to-play-roulette"> </a>and <a href="https://outplayed.com/blog/how-to-play-blackjack">Blackjack</a><a href="https://outplayed.com/blog/how-to-play-blackjack"> </a>but is widely used in <a href="https://outplayed.com/blog/sports-betting-guide">sports betting</a><a href="https://outplayed.com/blog/sports-betting-guide"> </a>these days.

This article will explain the pros and cons of the Fibonacci betting system and the mechanics behind the system.

Okay, let’s get started by explaining how the sequence works.&nbsp; The sequence of numbers grows as each new number is the sum of the two numbers before it.

This example shows you the first seven sequence combinations of the system:

If you were unlucky enough to suffer seven losses on the bounce, you would continue with the same sequence which would be 13 + 21 = 34 and so on until you hit that elusive winner.&nbsp;

Having a losing streak like this is extremely rare but you can never say never.&nbsp; Let’s expand the sequence numbers just in case!

These numbers relate to <a href="https://outplayed.com/blog/unit-betting-system">Unit bets</a>.&nbsp; When using Unit bets, you will have a predetermined bet amount that equals one unit.&nbsp; For example, A £1 bet is one unit.

Here’s the rule of thumb when betting using the Fibonacci system:

If you decide to use the Fibonacci betting system, it’s important that you follow the set sequences.&nbsp; This keeps your bets structured and removes any emotional betting.

Okay, you now know how the Fibonacci sequence works so let’s have a look at it in practice.

As mentioned, the Fibonacci betting system is based on unit stakes.&nbsp; For our first example, let’s say you have a chosen a unit stake of £1 to keep it simple and the <a href="https://outplayed.com/blog/how-to-read-betting-odds">betting odds</a><a href="https://outplayed.com/blog/how-to-read-betting-odds"> </a>are evens:

So, you can see from this example that 10 bets have been placed with 7 losses and 3 wins.&nbsp; This provides a profit of £8 because we need to also include our returned stakes with winning bets.&nbsp; Hopefully, this helps you to understand how the sequence works in practice.

Just to make sure, we’ll now do a similar example but ramp the Unit bet up to £5.

We have followed the same win and loss pattern in this example, but the profit is obviously higher because we have used a £5 unit bet instead of £1.

Historically, the Fibonacci betting system was mainly used in <a href="https://outplayed.com/blog/ultimate-guide-to-casinos">Casino games</a><a href="https://outplayed.com/blog/ultimate-guide-to-casinos"> </a>but as the betting industry has grown, this system is now used as a <a href="https://outplayed.com/blog/types-of-bets">type of bet</a><a href="https://outplayed.com/blog/types-of-bets"> </a>in <a href="https://outplayed.com/blog/sports-betting-guide">sports betting</a>.<a href="https://outplayed.com/blog/sports-betting-guide"> </a>

Let’s have a look at how you might use the Fibonacci betting system in different games and sports.

<a href="https://outplayed.com/blog/how-to-play-roulette">Roulette</a><a href="https://outplayed.com/blog/how-to-play-roulette"> </a>is considered to be the perfect game for the Fibonacci betting system.&nbsp; This is because the system is based on placing bets on even money odds and Roulette is as close as it gets.&nbsp;

There are 18 red numbers and 18 green numbers.&nbsp; The only reason it’s not a total 50% split is because there is one segment which is zero. This gives the house a slight edge over bettors.

Whether you bet on odd/even, red/black or 1-18/19-36, in theory the Fibonacci system is structured, so you don’t lose out.&nbsp; Please note, the Fibonacci system IS NOT suited to betting on specific numbers or columns.

Ready to get started?&nbsp; Place a 1 unit bet on a selection such as black.&nbsp; If the ball lands on black you win and you start the Fibonacci sequence again and place another unit bet on your selection.&nbsp;

However, if the bet landed on red or zero, move up the sequence by one so place another 1 unit bet on black.&nbsp; If that bet loses, move another sequence up and place 2 units on black and so on as per the Fibonacci betting sequence.

The logic behind the Fibonacci roulette system is that you keep increasing the units until you win and recoup your previous losses.&nbsp;&nbsp;

Obviously, it can be a little daunting if you hit a losing streak but such is the structure of the Fibonacci betting system, you should recoup any losses or at least minimise them.

<a href="https://outplayed.com/blog/how-to-play-blackjack">Blackjack</a><a href="https://outplayed.com/blog/how-to-play-blackjack"> </a>is an extremely popular game across the globe due to its simplicity and excitement.&nbsp; A Little like Roulette, the house edge in Blackjack is very low. The <a href="https://outplayed.com/blog/what-does-rtp-mean-in-gambling">RTP</a> (return to player)<a href="https://outplayed.com/blog/what-does-rtp-mean-in-gambling"> </a>on the classic Blackjack game is 99.41% so it’s close enough to the 50/50 bettors are looking for when using the Fibonacci betting system.

Before you use the Fibonacci strategy in Blackjack, make sure you fully understand how to play the game.&nbsp; As with any <a href="https://outplayed.com/blog/types-of-bets">type of bets</a><a href="https://outplayed.com/blog/types-of-bets"> </a>you apply the Fibonacci betting system to, you must decide on the size of your bankroll and allocate a relative <a href="https://outplayed.com/blog/unit-betting-system">betting unit</a> to use.

It’s irrelevant how you win at Blackjack, be it a split hand or a successful double down, you count it as a win and stay on the Fibonacci sequence pattern.&nbsp;

Applying the Fibonacci betting system to <a href="https://outplayed.com/blog/sports-betting-guide">sports bets</a><a href="https://outplayed.com/blog/sports-betting-guide"> </a>is a little trickier than Blackjack or Roulette due to the available odds.&nbsp; As you know, in an ideal world, you are looking for even money odds.&nbsp; To get regular even money odds in sports isn’t unheard of but you may need to bide your time for them to appear in different sports betting markets.

It’s not very often you’ll find even odds on one team to beat another, but you may find some that are very close.&nbsp; If you are more comfortable with the basic <a href="https://outplayed.com/blog/do-football-bets-include-extra-time">football bets</a><a href="https://outplayed.com/blog/do-football-bets-include-extra-time"> </a>then you’re likely to look for win only bets.&nbsp; However, as mentioned, you might struggle to find suitable odds on this market.

By all means don’t give up on looking but you should also consider other football betting markets.&nbsp; These might include both teams to score, <a href="https://outplayed.com/blog/first-goalscorer-bets">first goal scorer</a>,<a href="https://outplayed.com/blog/first-goalscorer-bets"> </a>the number of corners or anytime goal scorer.

You don’t need to place the same type of bet each time, you can mix them up if you prefer to or if the odds permit it.&nbsp; The point is, you are looking for evens odds markets or as close as you can get.

You do get a lot of low odds favourites when it comes to <a href="https://outplayed.com/blog/types-of-horse-bets">horse racing bets</a><a href="https://outplayed.com/blog/types-of-horse-bets"> </a>but a bit like football, they aren’t always available.&nbsp;

There’s an incredible amount of bets you can place on horses but the majority aren’t going to be suited to the Fibonacci betting system as the odds tend to increase as you work your way up from <a href="https://outplayed.com/blog/what-is-a-single-bet">Single bets</a><a href="https://outplayed.com/blog/what-is-a-single-bet"> </a>to Multiple bets such the <a href="https://outplayed.com/blog/what-is-a-yankee-bet">Yankee bet</a><a href="https://outplayed.com/blog/what-is-a-yankee-bet"> </a>and <a href="https://outplayed.com/blog/what-is-a-lucky-15-bet">Lucky 15 bet</a>.<a href="https://outplayed.com/blog/what-is-a-lucky-15-bet"> </a>

In reality, you’re only likely to find even odds on low odds win only markets and possibly the <a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each Way bets</a>.&nbsp;

Every type of betting strategy has advantages and disadvantages so let’s explore the ups and downs of the Fibonacci betting system:

Mitigated Risk:&nbsp; The system lets you win the losses back.&nbsp; Even if you hit a losing streak, by sticking to the Fibonacci sequence, you will eventually recover those losses.&nbsp; You just need to make sure you have a large enough bankroll to weather the storm when losses occur.

Relatively Cautious: This strategy isn’t considered to be particularly aggressive so it suits the more cautious bettors and it’s unlikely to clear out your bankroll.

Consistent Profits: Following the sequence usually returns consistent profits as you start at the beginning each time you win.&nbsp; The profits aren’t huge but they are usually regular.

Structured Betting: Thanks to the Fibonacci sequence, you have a structured betting strategy that helps you keep control of your bankroll.&nbsp; It also removes emotional betting and stops you from placing random amounts on bets.

Straight Forward: The Fibonacci sequence is quite simple to follow once you get the hang of it.&nbsp; It’s always recommended that you keep a copy of the sequence to hand.

Costly Mistakes:&nbsp; The Fibonacci betting system is a little trickier than the <a href="https://outplayed.com/blog/what-is-the-dalembert-system">D’Alembert betting</a><a href="https://outplayed.com/blog/what-is-the-dalembert-system"> </a>strategy so any errors could be expensive, although how expensive would depend on the <a href="https://outplayed.com/blog/unit-betting-system">Unit bet</a> size. It’s important you stay focused and follow the correct sequence.

Daunting Losses: If you go on a long losing streak, it can get a little scary about your losses. For example, if you had a higher unit stake of £10, a straight loss of 9 bets would see you needing to place £550 on your tenth bet.&nbsp; Runs like this are extremely rare when you are betting on a 50/50 market but you should always be prepared and set your unit stake according to your bankroll.

Low Profits: Due to the nature of the Fibonacci betting system, you’re unlikely to make huge profits.&nbsp; This is mainly down to reducing your unit bets after each win.&nbsp; The idea being that this system is based on risk mitigation on losses instead of banking big returns.

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