The Fibonacci Strategy Revisited: Can You Really Make Money by Betting on Soccer Draws?
This article investigates the strategy of betting on soccer draws using the Fibonacci sequence. In the previous literature, this strategy has been found to be both simple and profitable, indicating that the soccer betting market is not efficient. The strategy is tested both in a simulated market and on a real data set of almost 60,000 European soccer matches. Contrary to the previous findings in the literature, all tested versions of the Fibonacci betting strategy are found to lose money.
|Date of creation:||17 Jun 2013|
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- Ender Demir & Hakan Danis & Ugo Rigoni, 2012. "Is the Soccer Betting Market Efficient? A Cross-Country Investigation Using the Fibonacci Strategy," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 6(2), pages 29-49, August.
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