A MATHEMATICAL MODEL THAT CAN BE USED BY THE GAMBLERS TO OBTAIN GAINS IN THE INDUSTRY OF SPORTS BETTING

MOROSAN Adrian, Lucian Blaga University of Sibiu

Abstract:
The industry of sports betting has been very criticized by a lot of studies in the last period of time, the authors of some of these studies being focused on the strategies used during some sports events by the firms implied in the industry of sports betting. In our article we will focus not on the strategies used by different firms that are implied in the industry of sports betting and also not on the personality problems that the sport bettors might have, but on a mathematical model that can be used by the people that are trapped by the strategies used by the sports betting industry, and not only by them. Our paper suggests a sequence inspired by the Fibonacci sequence that can be used by the sports bettors when they play in the sports betting industry.

Keywords: sports betting; Fibonacci sequence; betting strategy; rational betting; mathematical model that can be used to bet

JEL Classification: C65

Volume: 70, Issue: 4

Pages: 68 - 78

Publication date: September, 2018

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/70405morosan.pdf

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