In this paper, we explore a variety of series involving the central binomial coefficients, highlighting their structural properties and connections to other mathematical objects. Specifically, we derive new closed-form representations and examine the convergence properties of infinite series with a repeating alternation pattern of signs involving central binomial coefficients. More concretely, we derive the series $$\sum\limits_{n=0}^{\infty}\frac{(-1)^{ω_n}}{2n+1}\tbinom{2n}{n}x^n,\,\,\, \sum\limits_{n=0}^{\infty}{(-1)^{ω_n}}\tbinom{2n}{n}x^n\,\,\, \text{and} \,\,\, \sum\limits_{n=0}^{\infty}{(-1)^{ω_n}}n\tbinom{2n}{n}x^n,$$ where $ω_n$ represents both $\lfloor\frac{n}{2}\rfloor$ and $\lceil\frac{n}{2}\rceil$. Also, we present novel series involving Fibonacci and Lucas numbers, deriving many interesting identities.