Who was Fibonacci? Well, with a
name like that you may correctly deduce that he
was an Italian. He was, in fact, also a mathematician
who discovered that there is a natural numerical
sequence that grows by the sum of the previous
two figures. Pretty intellectual stuff, huh?
What it means
is that if you follow the progression:
1 1 2 3 5 8 13 21 34 55 89 144 233
at any time you
strike a winner at better than 2/1 ($3.00) you
end up in front.
As you can see
from the above example though, if you strike a
losing sequence of just 13 your next bet is 377
units (whatever value that may be).
Of course, if,
at any stage of that progression, a winner was
struck at better odds, say 5/1, you get a great
collect but how confident are you in your selection
method that you'll never end up beyond a losing
run of 13 and facing Armageddon?
Over to you........
