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  • 3 weeks later...

Some people simply never raise the stakes. This precludes any big win.

Look at it this way. If you've been able to make a profit of say 5 piles of 12 in a row and then walked, you could've made way more.

Here's a short choppy narrative to give you an idea:

initial pile of 12

win a second pile of 12 and lock up original

win a third pile to create a double size pile in play

win a double size pile, lock up a single size pile as profit leaving you with a triple size pile in play

win a triple size pile, lock up a single size pile as profit leaving you with a quintuple size pile in play

win a quintuple size pile and walk away with both your old and new quintuple size piles

The total profit on this would be 12 piles of 12 with the same 5 wins in a row. That's how it's done with Fibonacci (except for the walking away part.) I say stay in it and see where it takes you.

The profit on Fibonacci goes up exponentially, just like your betting level. That's why it's cool. That's why investment professionals use it.

The Fibonacci sequence looks like this:

0 1 1 2 3 5 8 13 21 34 55 89 144

The same numbers are used for locking up chips as are used for the chips in play, but the locked up chips lags behind the betting level. It is deeply wonderful.

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