Everything You Need To Know About Fibonacci Betting SystemPosted by Lisa Walker on Jun 16, 2015 in The Fibonacci Betting System | Comments Off on Everything You Need To Know About Fibonacci Betting System
One thing all people like and no one would ever refuse is definitely money. Hard-working people spill their sweat, tears and blood for money, while others are blessed with the abundance of it, but both have a type of money they like the most and that is of course easily earned money. By placing a bet on a team you may win some money instead of having to earn it, all you need is a bit of luck.
Luck vs. Strategy
If luck for you seems to be the key ingredient to winning a bet, think again. Sometimes the best earning can be and are made by carefully thought out strategies of betting which will not only bring you success but ensure that you can give up on any type of boring office job you might have and bring you easy money just by betting.
Thank the Italian!
Some seasoned betters any wish to thank to Leonardo Bonacci, or Fibonacci, for their streak of lucky guesses, but let not that fact puzzle you. Leonardo Bonacci was an Italian mathematician of the Middle Ages who introduced the sequence of Fibonacci numbers to Europe. In his 1202 book Liber Abaci, Fibonacci introduced the sequence of numbers which is defined by recurrence relation and can be expressed by the formula Fn=Fn-1+Fn-2 or in plain numbers 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… But why am I giving you a math lesson and what on Earth has it got to do with placing a bet?
The Fibonacci Betting System
The Fibonacci betting system can be used in soccer betting, for example. You choose to follow a team and place bets on the draw outcome. Since this outcome is the trickiest to predict for the bookies, it is the one which should be exploited. You should place a bet only when the probability is higher than 2.618 in order for this method to work. The first time you bet you place $20 for example. If the team wins or loses, you will lose your bet, but that is not the end for the Fibonacci betting system, but rather the beginning. Next time you place a bet on the same team, betting that the result will be a draw, you should bet twice as much money in order to win back the money you have lost and gain profit, therefore you should bet $40. If again you lose you continue to bet until you win, each time investing twice as much money as the previous time. The longer this takes the higher the profit will be once you win and once the result is a draw, because the increased stakes will have the most impressive results.
There are a few drawbacks for this betting strategy, however. Firstly, you would have to have a limitless bank account and that is not something a lot of people have. Secondly, this strategy sounds almost perfect in theory, but in practice Manchester United hasn’t had a draw result since 2008, so that is something to think about.