What is Fibonacci?

(Or, more appropriately, who was Fibonacci and what is the Fibonacci Sequence?)

Leonardo Fibonacci discovered the sequence which converges on phi

In the 12th century, Leonardo Fibonacci discovered a simple numerical sequence that is the foundation for an incredible mathematical relationship behind phi.

Starting with 0 and 1, each new number in the sequence is simply the sum of the two before it.

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

The ratio of each successive pair of numbers in the sequence approximates phi (1.618. . .) , as 5 divided by 3 is 1.666…, and 8 divided by 5 is 1.60.

The table below shows how the ratios of the successive numbers in the Fibonacci sequence quickly converge on Phi.  After the 40th number in the sequence, the ratio is accurate to 15 decimal places.

1.618033988749895 . . .

Compute any number in the Fibonacci Sequence easily!

Here are two ways you can use phi to compute the nth number in the Fibonacci sequence (f_n).

If you consider 0 in the Fibonacci sequence to correspond to n = 0, use this formula:

f_n =  Phi ⁿ / 5^½

Perhaps a better way is to consider 0 in the Fibonacci sequence to correspond to the 1st Fibonacci number where n = 1 for 0.  Then you can use this formula, discovered and contributed by Jordan Malachi Dant in April 2005:

f_n =  Phi ⁿ / (Phi + 2)

Both approaches represent limits which always round to the correct Fibonacci number and approach the actual Fibonacci number as n increases.

The ratio of successive Fibonacci numbers converges on phi

Tawfik Mohammed notes that 13, considered by some to be an unlucky number, is found at position number 7, the lucky number!

The Fibonacci Sequence and Gambling or Lotteries

Some people hope that Fibonacci numbers will provide an edge in picking lottery numbers or bets in gambling. The truth is that the outcomes of games of chance are determined by random outcomes and have no special connection to Fibonacci numbers.

There are, however, betting systems used to manage the way bets are placed, and the Fibonacci system based on the Fibonacci sequence is a variation on the Martingale progression. In this system, often used for casino and online roulette, the pattern of bets placed follows a Fibonacci progression: i.e., each wager should be the sum of the previous two wagers until a win is made. If a number wins, the bet goes back two numbers in the sequence because their sum was equal to the previous bet.

In the Fibonacci system the bets stay lower then a Martingale Progression, which doubles up every time. The downside is that in the Fibonacci roulette system the bet does not cover all of the losses in a bad streak.

An important caution: Betting systems do not alter the fundamental odds of a game, which are always in favor of the casino or the lottery. They may just be useful in making the playing of bets more methodical, as illustrated in the example below:

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