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Journal of Sports Economics
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Notes

Playing It Safe? A Fibonacci Strategy for Soccer Betting

Fragiskos Archontakis

Universidad Politécnica de Valencia-CSIC

Evan Osborne

Wright State University

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.

Key Words: soccer world cup • Fibonacci sequence • betting strategy

Journal of Sports Economics, Vol. 8, No. 3, 295-308 (2007)
DOI: 10.1177/1527002506286775
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