We want to share an important update with our Betfair Community users.
Over the coming months, the Betfair Community platform will be winding down. The final active day for the platform will be December 21st. From December 22nd, users will no longer be able to access the platform.
Your discussions, insights, engagement, and, most importantly, feedback have helped shape the platform and guided innovation. Your feedback continues to be important to us, and we will continue to listen via our dedicated feedback channels, as well as through product testing and innovations.
To share your feedback and experience, visit: https://support.betfair.com/app/home
General Betting
There is currently 1 person viewing this thread.
Has anyone ever tried this betting system. Backing favs at odds over 6/4
Fibonacci Sequence
This staking plan is based on the Fibonacci sequence of numbers first devised by an Italian mathematician in the 12th century and as with the earlier D alambert system, the Fibonacci sequence took it name from its inventor. Some people profess that the Fibonacci sequence can form the basis of a very efficient staking plan, especially when it comes to horse racing.
The Fibonacci Sequence works by adding the two previous numbers in the Fibonacci Sequence to get the next stake, ie 1-2-3-5-8-13-21-34.
With the Fibonacci Sequence your bets go up one step with each loss and you reduce your bets in the Fibonacci Sequence, down 2 steps with each win. Note that every win with the Fibonacci sequence pays for the two losses before it.
Worked example for the Fibonacci sequence:
Fibonacci Sequence
This staking plan is based on the Fibonacci sequence of numbers first devised by an Italian mathematician in the 12th century and as with the earlier D alambert system, the Fibonacci sequence took it name from its inventor. Some people profess that the Fibonacci sequence can form the basis of a very efficient staking plan, especially when it comes to horse racing.
The Fibonacci Sequence works by adding the two previous numbers in the Fibonacci Sequence to get the next stake, ie 1-2-3-5-8-13-21-34.
With the Fibonacci Sequence your bets go up one step with each loss and you reduce your bets in the Fibonacci Sequence, down 2 steps with each win. Note that every win with the Fibonacci sequence pays for the two losses before it.
Worked example for the Fibonacci sequence:
sort by:
Show
per page
Replies: 61
|
By:
39 steps would be interesting
|
|
By:
What did 12th Century Italians know about football?
|
|
By:
what do the experts know about football??
|
|
By:
so what does anyone know about this system.
I thinking that you could be on a 10 losing streak and not into big money, but then it gets hairy.. would the wins be able to compensate for the big 10 loss |
|
By:
Personally, I don't like anyone telling me how much to bet, especially the inventor of a useless mathematical calculation.
|
|
By:
The Betfairy 19 Nov 11:56
Personally, I don't like anyone telling me how much to bet, especially the inventor of a useless mathematical calculation. Read up about Fibonacci sequence and then call it a useless mathematical calculation a aa sss eeee hhhh ooooo llllll eeeee |
|
By:
From Wikipedia:
In mathematics, the Fibonacci numbers are the numbers in the following sequence: 0,1,1,2,3,5,8,13,21,34,55,89,144 . By definition, the first two Fibonacci numbers are 0 and 1, and each remaining number is the sum of the previous two. Some sources omit the initial 0, instead beginning the sequence with two 1s. |
|
By:
O deary me. Here we go again :(
|
|
By:
Hmmm, a staking plan that has the potential of draining your account of 87 TIMES the original stake you put down.
So if someone had an account with £300 and was comfortable wagering 3%, they would have to reload two times and have £30 left after the 8th loss. Also, this staking plan does not bring into account if the person bets 4/6 or 2/1 or ??? ridicolo |
|
By:
so long as you start at step 0 of Fibonacci Sequence you should be fairly safe :)
|
|
By:
Express train to the poor house. All aboard!
|
|
By:
martingale with a twist...ooooooooooooo
and just as bad |
|
By:
1 If you have an edge, you will very likely make a profit over the long term whatever your staking system ,assuming the stakes will remain a reasonable size.
2 If you don't have an edge, you will very likely not make a profit over the long term whatever your staking system. If you just blindly back favourites over 6/4 then I reckon you will fall under 2. To learn about the likely result of such an approach, I can recommend the thread "MY GREAT SYSTEM" by kenniky. |
|
By:
Fibonacci was a propper mathematical genius and his famous sequence has all kinds of intersting properties and uses- but this is NOT one of them. Leave well alone.
|
|
By:
Lets suppose you had a bank of 1000 starting
and backing only 6/4 + your bets would be as follows Bet No1 5 culumitive loss 5 5 10 10 20 15 35 25 60 40 100 65 165 105 250 170 440 Bet No10 275 715 Assuming bet 10 came in at 2/1 x 275 = 550 less 5%=27= 523 - 440 of losses = 83 profit Hope my maths are right Bax |
|
By:
Has anyone here seen Kelly?
|
|
By:
K
E DOUBLE L Y |
|
By:
Kelly from the Emerald Isle :)
|
|
By:
We sang 'From The Isle Of Man' when I was a kid :)
|
|
By:
one born every minute
|
|
By:
**ingloser
|
|
By:
He's been on here since May 2002!
|
|
By:
Moon Light, I noticed that as well ??!?!!?
|
|
By:
Yes I have used something similar Baxter in my youth, the concept is similar to Martingale but it's more fun and the stakes escalate less rapidly when you have a bad run.
|
|
By:
tried it also in my youth...... works sometimes .......leaves you potless others.....dont bother.....10% of bank staking plan was the future for me......works....................
|
|
By:
HOW ABOUT THE REVERSE CASINO SYSTEM.?
|
|
By:
Could you use the Fib Sequance for laying ????
|
|
By:
Hey guys!
Long time betfair user first time forum poster! Normally I would recommend staying well clear of any loss recovery staking plan - Fibonacci, Martingale, Anti-Martingale, etc - as this can become ridiculous on a bad run. This can be especially costly in sports betting as, unlike casino games and their table limits, the only restraint is your personal finances. Any missguided confidence in these systems could be dangerous. However!!! I do use a very similar system that gives me an excellent steady profit month after month! I use a small sequence of Fibonacci - 1,2,3,5,1.. stopping at a winner and starting the entire sequence again, and never going further than 5 points. (The sceptics amongst you could even use a sequence of 1,1.5,2,3,1...) I use this with 3 types of football betting - doubles, singles and lays. All bets have to be around even odds. I currently use £50 per unit and profit approx 15 points minimum per month. If you are starting out I would recommend starting with £5 per unit and a starting bank of 22 units. Be prepared for the odd losing sequence as they do occur, but ultimately it is down to your team selection! Dont be gready! More about my bets - Doubles - My doubles are very simple! I select two of the strongest football teams that are playing lowly opposition. Teams like Man Utd, Chelsea, Inter, Porto, Barcelona,etc. Odds of 1.5 are suffice as the double will have odds over evens. This is my favourite of my bets and I have not had a losing sequence in over 2 years with this. Singles - I usualy go for away teams that are playing well, obviouse really. Lays - I usualy go with a home team that is not playing well. You will need to apply your own criteria with team selections but I can assure you that the system, aslong as you dont get gready and start going for bigger odds, works wonders. |
|
By:
New poster? And you knew to go straight back to Nov the find this?
OK, here's my guess. You are the OP with a new log in and you've revised your staking plan after getting ironed out a few times with the original. This is still madness. G/L in your search. |
|
By:
Write out 1000 times:
No staking plan can overcome persistently betting at below the true odds of a given event occurring. |
|
By:
General Midwinter, spot on mate, if a betting outcome has a negative expectancy, then no amount of stakes alterations will turn it into a positive one.
|
|
By:
IMO,staking plans don't work, especially progressive like Fibonacci.
|
|
By:
kenilworth, Hope you are well and winning.
|
|
By:
boxing the fox, I am well, but not winning so far this season, early days of course.
Hope you are also well, GL. |
|
By:
Why do these threads always get hijacked with "true odds" merchants
|
|
By:
Scotbet totally agree noone knows the true odds of an event happening.Also the same event doesnt happen often enough for these so called edges to apply.Everyone thats on this thread is full of excrement
|
|
By:
greenviking
Scotbet totally agree noone knows the true odds of an event happening.Also the same event doesnt happen often enough for these so called edges to apply.Everyone thats on this thread is full of excrement .......................................................... I'd suggest that it is perhaps you who is full of excrement and has no idea about what they are talking about. If I said something that you view as incorrect in my post please explain what that was. |
|
By:
If ''fibonacci'' worked there would be no casinos, theoretically
perfect for such staking at true odds minus commission. |
|
By:
DaveEdwards Joined: 06 Sep 07
Replies: 5465 09 Aug 10 06:34 New poster? And you knew to go straight back to Nov the find this? - Yea cos thats a really complex task.How could any one manage to do that as a new poster,shocking.This post of yours proves my earlier post-youre one of many clueless fools |