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Originally Posted by SpeedyBen
That is correct, Ocho. It does win at LS but I also use a modified Fibonacci method which accelerates the profits.
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Before you dive in TO, or anyone else, as soon as I saw the word Fibonacci staking (a fancy word for chasing losses by increasing stakes), I saw the word DANGER in my mind.
First thing to consider is the 'Run of Outs'....for selections with a 55% strike rate you can expect and IT WILL happen, a run of losses of 9 at some stage.
Using standard Fibonacci, the sequence of staking is 1, 1, 2, 3, 5, 8, 13, 21, 36... By the time you reach your 9th out, you've already lost 90 times your starting stake and about to plonk down 57 x stake on the eventual winner! Think your nerves can handle that.....I don't think so.
I took my original data and started working it out. The biggest draw down was 33 x stake. After 100 bets, all the Fibonacci staking had done was accelerate my losses to nett -9 x stake. Not saying it won't come good, but not hanging round to find out! If I'd left it at level stakes I'd have a $163 profit. I did a spreadsheet and was going to attach it, but thought, "
nah, you'll find out!" Stick to non-staking filters IMHO
PS:
As for what region of the world this data is taken from, makes no difference, maybe a bit of difference between Harness and Gallops, that's all.