The Fibonacci Strategy Revisited: Can You Really Make Money by Betting on Soccer Draws?

Jiří Lahvička

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: Fibonacci betting strategy; market efficiency (search for similar items in EconPapers)
JEL-codes: G14 L83 (search for similar items in EconPapers)
Date: 2013-06-17
New Economics Papers: this item is included in nep-spo
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Journal Article: The Fibonacci Strategy Revisited: Can You Really Make Money by Betting on Soccer Draws? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47649

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