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Article
Playing it Safe? A Fibonacci Strategy for Soccer Betting
Journal of Sports Economics
  • Fragiskos Archontakis
  • Evan W. Osborne, Wright State University - Main Campus
Document Type
Article
Publication Date
6-1-2007
Abstract

Soccer betting in Europe has grown rapidly in the past two decades. It is well known that such sports betting markets can be analyzed similarly to financial markets. The present article differs from others in the literature in two respects. The first is that the outcome of betting interest is the draw. The second is the betting strategy, which relies on the Fibonacci sequence to generate bets. Using this approach on International Federation of Football Association World Cup Finals data, it is possible to earn economic profits through this strategy in expectation, albeit with fairly large risk.

DOI
10.1177/1527002506286775
Citation Information
Fragiskos Archontakis and Evan W. Osborne. "Playing it Safe? A Fibonacci Strategy for Soccer Betting" Journal of Sports Economics Vol. 8 Iss. 3 (2007) p. 295 - 308 ISSN: 1527-0025
Available at: http://works.bepress.com/evan_osborne/29/