Tie Bets With Progression
You always wanted to know more about Tie Bets With Progression? Let’s imagine that you don’t know what a progressive tie-bets strategy is all about, we’ll explain in detail. Commonly known as the Fibonacci sequence, the progressive tie-bet is a kind of infinite sequence, which begins with the numbers 0 and 1, and from these, each term is the sum of the previous two.
Table of content:
- Tie Bets With Progression
- What are really your chances of winning so much with this kind of betting strategy?
- Conclusion
Well, how does this relate to gambling? The Fibonacci strategy for betting was published by Fragiskos Archontakis and Evan Osborne in 2007 and consists of the following: bet on a tie and, if you miss, bet on another tie until you win. Of course, you have to follow two rules:
- Bet only when the probability of a tie is greater than 2,618.
- Increase the amount you bet so that it follows the Fibonacci sequence: 1, 1, 2, 3, 5, 8, 13…
According to this theory, as long as you increase the amount of wagered following the sequence, any winnings will exceed the previous losses. But is this profitable?
Let’s go with a practical example; Imagine that in the previously concluded Liga BBVA season, there were 23.3% draws with respect to the total number of games played. What does this mean for a progressive tie-bet player?
That, on average, means there is a profit every four games. Hence, we need to do the calculations. The winning bet would occur in the fourth term of the sequence, that is, 3. And, to have won, you should have previously budgeted a certain amount for betting, let’s say, – #7 (1+ 1 + 2 + 3). Let’s use average fictitious odds belonging to any bookie.
Knowing this, we can calculate that the average winnings per successful draw would be #12.61, which, subtracting the #7 bet, would leave us with a profit of #5.61. In a total of 380 games, the winnings would be #1,786.7, all starting with betting with #1. But this is just the theory.
What are really your chances of winning so much with this kind of betting strategy?
The first and biggest drawback is that multiple games are played at the same time. In order to obtain the previously calculated winnings, it would be necessary to bet on all the games knowing the result of the previous one, so it is impossible.
Then you will think that the best thing is to bet on the draws of a team day after day. The result would be the same, but with less profit, of course.
What is the problem with doing this? That long untied streaks can lead to huge temporary losses on the bettor’s account. Let’s take for example, in a particular season, a particular team plays a total of 31 games without drawing (and it is not the longest streak). Following the progression sequence, we should have bet #1,178,309 on this match, an amount that no one would be willing to bet on.
Further, To that amount, it would be necessary to add everything previously bet, which would make a total of #5,702,886. In this match, the odds for the tie was #3.30 per every dime wagered.
Let’s do the calculations:
#2,178,309 x 3.30 = # 7,188,419.7;
#7,188,419.7 – #5,702,886 = #1,458,533.7.
Well, if you religiously followed this method, you would have won about a million and a half naira.
Betting Strategy On A Goal-scorer
Conclusion
The calculations are there, and in theory, it works. So what is the problem and why are we not all rich? The problem is that this progressive betting system generates profits having unlimited limits and funds. Still, if anyone dares to try it, go ahead. Of course, look for a team that plays ties a lot.
