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# Fibonacci

The Fibonacci staking plan is based on a sequence of units that are wagered. This sequence of units represents the Fibonacci series of numbers, in which every number is the sum of the previous two numbers. For this staking plan the sequence of units is the following: 1, 2, 3, 5, 8, 13, 21 and 34.

When a bet loses, you advance one step in the sequence and when a bet wins you go back two steps. When a bet loses at the last step of the sequence, you have the options to either return to the beginning of the sequence or keep the current step. The value of the unit is calculated as percent of the bank and updated at the start of the sequence.

In order to limit the losses in case of long losing runs, a maximum value for the stake can be set.

## Settings

The following parameters can be configured in this staking plan:

**1 unit = X% of Y bank**: the value of the unit expressed as percent of the bank.**X**: the percent value.**Y**: the type of bank to which the percent value is applied:**initial**: the percent value is applied to initial bank.**current**: the percent value is applied to current bank.**highest**: the percent value is applied to highest bank.

**Stake must not exceed X****% of current bank**: the maximum value allowed for the total stake in a race, expressed as percent of current bank.**X****when losing at the last step of the sequence**: the action X is performed when a bet losses at the last step of the sequence. There are two possibilities for the action X:**Go to first step**: returns at the start of the sequence.**Keep current step**: keeps the current step in the sequence.

**Go to first step after win**: if this option is checked, the staking plan returns at the start of the sequence after each win.**Use dutching to calculate stake when multiple selections qualify**: this option applies dutching algorithm to split the total stake among multiple selections in a race. If the option is not used the total stake is placed for each qualified selection.

### Fibonacci Staking Plan Example

Let’s assume the following settings:

- Initial bank: £200
- 1 unit = 2% of current bank
- Stake must not exceed 100% of current bank
- Keep current step when losing at the last step of the sequence
- Go to first step after win: not checked
- Use dutching to calculate stake when multiple selections qualify: not checked

**Step 1**

- unit value is £4
- number of units to bet is 1
- total stake is £4
- 1 selection qualifies at decimal odds of 5
- bet wins and the profit is £16
- current bank is £216

**Step 2**

- unit value is £4.32
- number of units to bet is 1
- total stake is £4.32
- 1 selection qualifies at decimal odds of 3
- bet losses and the loss is £4.32
- current bank is £211.68

**Step 3**

- number of units to bet is 2
- total stake is £8.64
- 1 selection qualifies at decimal odds of 4
- bet losses and the loss is £8.64
- current bank is £203.04

**Step 4**

- number of units to bet is 3
- total stake is £12.96
- 1 selection qualifies at decimal odds of 3
- bet losses and the loss is £12.96
- current bank is £190.08

**Step 5**

- number of units to bet is 5
- total stake is £21.6
- 1 selection qualifies at decimal odds of 5
- bet losses and the loss is £21.6
- current bank is £168.48

**Step 6**

- number of units to bet is 8
- total stake is £34.56
- 1 selection qualifies at decimal odds of 4
- bet losses and the loss is £34.56
- current bank is £133.92

**Step 7**

- number of units to bet is 13
- total stake is £56.16
- 1 selection qualifies at decimal odds of 5
- bet wins and the profit is £224.64
- current bank is £358.56

**Step 8**

- number of units to bet is 5
- total stake is £21.6
- 1 selection qualifies at decimal odds of 4
- bet wins and the profit is £64.8
- current bank is £423.36

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