Fibonacci Betting plan....

[pritchj1973]

Is it possible to set a fibonacci betting plan using betangel..... would someone have a file or bot for this ?

thanks

Jono

[marko236]

Is it possible to set a fibonacci betting plan using betangel..... would someone have a file or bot for this ?

thanks

Jono

Hi Jono,

Never heard of the fibonacci betting plan, what is it?

[pritchj1973]

Hi

It's basically a staking sequence you follow on losses until you hit a winner at which time you then revert back to the first stake :-

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233

it's explained here :-

https://www.pinnaclesports.com/en/betti ... ing-system

[marko236]

That idea with a new name, dangerous game increasing your stake when you lose.

[pritchj1973]

yes, but with low odd at lay it doesn't necessarily mean huge losses

is this possible ?

[marko236]

I came across this idea many years ago and spent a long wasted time looking at it, what i came up with was, if someone gave me a million pounds and said i could use it to do this idea i would have made money, but i worked out that i could make the same amount of money just putting it in a saving account.

What i'm saying is where are you going to stop when you have a long run off losers? 1k, 2k or have you got the guts to go 3k, to win what a few quid, f***k that!

[LeTiss]

NEVER chase losers - it only takes one disastrous sequence to bankrupt you

When I was younger, I spent too much time and money in the casino with my mates

On 1 occasion, I distinctly remember seeing a run of 10-12 reds on the trot. I remember it because I kept backing a number of blacks thinking a black will clearly appear soon. Thankfully, I wasn't playing with large stakes, but anyone using Fibonacci or Martingale would have been wiped out

[Dave Angel]

I suppose you could try horses with odds of 2(evens) in the place and win markets! stakes of £0.10 £0.20 £0.30 £0.50 £0.80 (fibonacci seq.)

...A little bad run could be a good thing!

[LinusP]

This is something you you can and definitely should backtest before you commit to throwing your money down the drain..

[burdo77]

Use Kelly criterion but fractional. Do your research on the fraction to use. I'm working on a data set at the moment, it has shown to remain in profit despite a run of 15losses in a row.

Be very careful, the swings are huge.

[pritchj1973]

is it possible to do this using betangel ?

[LeTiss]

is it possible to do this using betangel ?

NO

BetAngel is a tool for trading, it's not designed to make it easy for problem gamblers to do their bollocks

[Euler]

We try and adhere to gambling commission guidelines on the product and this means no 'loss recovery' type staking. Which is perfectly sensible TBH.

[pritchj1973]

Thanks Euler for explaining in such a polite manner, shame everyone does not have the vocabulary / ability to express themselves without the need to be offensive and forming an opinion and people who they know nothing about.

Cheers

Jono

[LeTiss]

Thanks Euler for explaining in such a polite manner, shame everyone does not have the vocabulary / ability to express themselves without the need to be offensive and forming an opinion and people who they know nothing about.

Cheers

Jono

Peter gets £150 per year from you, so he has an obligation to be polite.

I don't, so I was just telling you as it is.

You need a certain amount of resiliance to make this trading game work, and it will often kick you where it hurts. If you're offended by what I said, then you're in shit street