Fibonacci Betting plan....

[burdo77]

Bloody plagiarist!

Hi peter, I was going to ask. What's the best staking formula to use when trading a market when there's a known edge?

[Euler]

Kelly is generally considered the best way to grow your bank when you know you edge: -

http://en.wikipedia.org/wiki/Kelly_criterion

But on the betting exchanges I've noticed it's more a case of the maximum stake you can use without distorting the market. If you grow to a reasonable size that's the key issue.

[marko236]

Kelly is generally considered the best way to grow your bank when you know you edge: -

http://en.wikipedia.org/wiki/Kelly_criterion

But on the betting exchanges I've noticed it's more a case of the maximum stake you can use without distorting the market. If you grow to a reasonable size that's the key issue.

I try and spot peter in the markets, i take it this is the reason i can't?

[giulio2010]

As far as I know using martigale is a suicide, using fibonacci series with some adjustments or bends, it can be used on football. I have never used with an automation though, always manually.
When you use the finbonacci series thats not necessarily mean you are chasing the losses, also it can be used as group of games or any other forms. With a solid bank management plan, based on each percentages you are given to the importance of each game you can work out some intersting maths to put in place having the basic aknoledge of fibonacci series.
But if you asked to show you how I use it, well with that I can't help...