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Topic: How work Fibonacci strategy? - page 2. (Read 867 times)

full member
Activity: 303
Merit: 112
November 23, 2016, 02:02:24 PM
#13
well the videos does say it won't work for a long term and for me this method is almost like martingale but it is worse than martingale, but it requires less bankroll, why i think is worse, let see the examples

Fibonacci : 1 1 2 3 5 8 13 21 34 55 = 143

Martingale : 1 2 4 8 16 32 64 128 256 512 = 1023

Fibonacci : when we lose 5 times in a row and win in 6th attempts we will still lose 4 satoshi

martingale : when we lose 5 times in a row and win in 6th attempts we still have 1 satoshi profit


Thanks for this explanation, I didn't know about this one too. Probably it won't work, but I gonna check it and see what happens.
Default strategies never work by themselves on long run like martingale and this fibonacci, must change the strategies, add new methods, to decrease the chances to lose and survive in game for more time, that is what everyone wants.
legendary
Activity: 1946
Merit: 1007
November 23, 2016, 01:57:17 PM
#12
Fibonacci will never be profitable as it simply adds the last two numbers together.

From the first bet on if you lose you will end up making a loss when using those numbers to dictate your betting.

Martingale does work if you have unlimited bankroll and unlimited max bet. These two however are never the case and a long losing streak will result in you losing it all.
legendary
Activity: 2982
Merit: 1028
November 23, 2016, 12:45:24 PM
#11
well the videos does say it won't work for a long term and for me this method is almost like martingale but it is worse than martingale, but it requires less bankroll, why i think is worse, let see the examples

Fibonacci : 1 1 2 3 5 8 13 21 34 55 = 143

Martingale : 1 2 4 8 16 32 64 128 256 512 = 1023

Fibonacci : when we lose 5 times in a row and win in 6th attempts we will still lose 4 satoshi

martingale : when we lose 5 times in a row and win in 6th attempts we still have 1 satoshi profit

Thanks for explaining mate im not familiar with this set up and it seems that its still the same way with martingale thats needed luck and self control for me it wont be used that much because in the long run house will eat us still so better to play with your own strategy and instinct to win.
hero member
Activity: 1470
Merit: 655
November 23, 2016, 09:32:00 AM
#10
well the videos does say it won't work for a long term and for me this method is almost like martingale but it is worse than martingale, but it requires less bankroll, why i think is worse, let see the examples

Fibonacci : 1 1 2 3 5 8 13 21 34 55 = 143

Martingale : 1 2 4 8 16 32 64 128 256 512 = 1023

Fibonacci : when we lose 5 times in a row and win in 6th attempts we will still lose 4 satoshi

martingale : when we lose 5 times in a row and win in 6th attempts we still have 1 satoshi profit


you forgot about the second variable: How much are you going to raise the bet size on loss?

it doesn't matter what method you choose all these names are doing is changing the multiplier which means you raise the bet size with a different multiplier.

e.g. in martingale with 2x (numbers you said) you raise the bet 100% (2x) on each loss and with multiplier of 10x you raise it less and so on.

so the same thing is true about Fibonacci, you have to come up with a correct amount to raise your bet so that it covers the previous losses and makes you some profit and it can no longer be a 100% and so on but instead a variable amount needing to be calculated with a bot you code yourself.
legendary
Activity: 1666
Merit: 1001
November 23, 2016, 09:24:06 AM
#9
well the videos does say it won't work for a long term and for me this method is almost like martingale but it is worse than martingale, but it requires less bankroll, why i think is worse, let see the examples

Fibonacci : 1 1 2 3 5 8 13 21 34 55 = 143

Martingale : 1 2 4 8 16 32 64 128 256 512 = 1023

Fibonacci : when we lose 5 times in a row and win in 6th attempts we will still lose 4 satoshi

martingale : when we lose 5 times in a row and win in 6th attempts we still have 1 satoshi profit
hero member
Activity: 1372
Merit: 503
November 23, 2016, 09:22:00 AM
#8
How work Fibonacci strategy?

Who really use it and make profit?
You can really make profit in Finobonacci and it always generating a random numbers you will win there by chances but honestly most of time you gonna lose here and im not really convinced to use this kind of betting try another method or try another gambling sports betting site.
legendary
Activity: 938
Merit: 1002
November 23, 2016, 09:06:58 AM
#7
If the gambling house generating random numbers based on Fibonacci series and you identify their pattern then you may get chances to make profits by using this strategy. This is not sure that gambling houses will follow Fibonacci numbers to generate their random numbers. So, practically I am still confused how it will be possible to use this strategy.
hero member
Activity: 2996
Merit: 609
November 23, 2016, 09:05:53 AM
#6
How work Fibonacci strategy?

Who really use it and make profit?
Fibonacci numbers are most useful in trading to predict the next possible range of market movements. But I am not exact aware of any strategy using this series of numbers in gambling.

Quote
Start at the beginning of the sequence and every time you lose a bet, move one number to the right. Whenever you win a bet, start again at the beginning of a sequence.
Google showed this. Sounds similar to martingale.

Related youtube video on 'Fibonacci Betting System Explained' : https://www.youtube.com/watch?v=9ZyVEe1ORTE

Thanks for the youtube link for the explanation. I am also looking for this strategy as I used the binary style, when I bet keep on doubling Smiley some times I lost, and not a good one in the long run.  Grin
In doing binary trading doing martingale doesnt work anytime and you must have a big bankroll or a big account  that could able to withstand 7-10 levels then its possible  to cope up with  loss and make profits with this strategy but its really better to follow the trend and use only martingale if lose but when you are on a trend usually max lose is only 2-3x which is okay. Thanks for the link too its really useful for me.
legendary
Activity: 1442
Merit: 1000
November 23, 2016, 08:30:29 AM
#5
don't bother with any of those. It's all a big loser in the long run.

Search "gamblers fallacy" there will be a few sites explaining why its a
bad idea to use these chase systems. Everyone that I have known who
has tried though it was great until they went bust.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 23, 2016, 07:44:10 AM
#4
Honestly guys, I am still not convince with this type of method being use in gambling, I have tried it many times in sports betting but to no avail I do not have a progressive result. Right now, the most possible way to win is just to have more wins than loses and using flat betting.

We just need to have a decent bankroll.
hero member
Activity: 1414
Merit: 505
Backed.Finance
November 23, 2016, 06:39:12 AM
#3
How work Fibonacci strategy?

Who really use it and make profit?
Fibonacci numbers are most useful in trading to predict the next possible range of market movements. But I am not exact aware of any strategy using this series of numbers in gambling.

Quote
Start at the beginning of the sequence and every time you lose a bet, move one number to the right. Whenever you win a bet, start again at the beginning of a sequence.
Google showed this. Sounds similar to martingale.

Related youtube video on 'Fibonacci Betting System Explained' : https://www.youtube.com/watch?v=9ZyVEe1ORTE

Thanks for the youtube link for the explanation. I am also looking for this strategy as I used the binary style, when I bet keep on doubling Smiley some times I lost, and not a good one in the long run.  Grin
hero member
Activity: 910
Merit: 502
November 23, 2016, 06:02:39 AM
#2
How work Fibonacci strategy?

Who really use it and make profit?
Fibonacci numbers are most useful in trading to predict the next possible range of market movements. But I am not exact aware of any strategy using this series of numbers in gambling.

Quote
Start at the beginning of the sequence and every time you lose a bet, move one number to the right. Whenever you win a bet, start again at the beginning of a sequence.
Google showed this. Sounds similar to martingale.

Related youtube video on 'Fibonacci Betting System Explained' : https://www.youtube.com/watch?v=9ZyVEe1ORTE
full member
Activity: 166
Merit: 100
November 23, 2016, 05:54:26 AM
#1
How work Fibonacci strategy?

Who really use it and make profit?
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