Lets Talk Theory about A Soccer Betting Strategy Called Fibonacci!

For most people when it comes to a soccer betting strategy progressive betting systems are probably not the smartest way to go, in spite of some gamblers claiming that huge profits can be made.

Most will agree including the folks at Grizzly Gambling, that reality very often doesn't follow the same road as theory, but it's always fun playing "what if", with a soccer betting strategy especially when its name is Fibonacci.

Distilled down to the very basics, this strategy is based upon betting on the draw and if the player loses, he should then proceed to bet on another draw.

The process is repeated, until the player wins. There are two additional rules: Only bet on draws when the probability is above 2.618, and increase betting stakes that follows the regular Fibonacci sequence of numbers, i.e. 1, 1, 2, 3, 5, 8, 13 etc.

This soccer betting strategy is based upon the theory that the draw is the most difficult bet that can be predicted by bookmakers, and as such is the easiest (in theory!) to exploit!

Like all of these crazy progressive staking plans, the idea is as long as stakes are continually increased, sooner or later all previous losses will be overcome.

Applying this principle to data from the 2011/2012 UK Soccer Premier League, out of 380 games, there were 93 draws, meaning almost 25% ended in a draw. All these draws met the rule of having odds in excess of 2.618, to merit a play.

This would indicate there would be a payout one every four games. That means that the winning stake would be the fourth Fibonacci number of 3, with a total bet each time of £7/$7, i.e. the fourth stake of $3, added to the three previous losing stakes of 1,1,2, = 4, +3 = $7.

Over 380 games this equates to a theoretical profit of $1786.70, but sadly only theory!

Since most people reach their bankroll limit at some point whether it is due to running low on ones funds or as a result of special restrictions made by the bookmaker, the Fibonacci sequence unfortunately cannot run forever and alas as a result, most likely will not offer a long-term solution. Got a better Soccer Betting Strategy?