The Fibonacci Betting System is a wagering strategy based on the famous Fibonacci sequence, where each number is the sum of the two preceding ones. In betting, players increase their stake following this sequence after a loss, aiming to recover previous losses and make a profit. For example, if the sequence starts with 1, 1, 2, 3, 5, a player would bet 1 unit, then 1 unit again after a loss, then 2 units, and so on. This system is often used in games like roulette or sports betting. While it can help manage betting amounts, it does not guarantee success, as all betting systems carry risks. Players should be cautious and set limits to avoid significant losses.