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A Mathematical Model That Can Be Used By The Gamblers To Obtain Gains In The Industry Of Sports Betting

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  • 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.

Suggested Citation

  • MOROSAN Adrian, 2018. "A Mathematical Model That Can Be Used By The Gamblers To Obtain Gains In The Industry Of Sports Betting," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 70(4), pages 68-78, September.
    • Handle: RePEc:blg:reveco:v:70:y:2018:i:4:p:68-78
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/70405morosan.pdf
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    References listed on IDEAS

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    1. Chen, Tai-Liang & Cheng, Ching-Hsue & Jong Teoh, Hia, 2007. "Fuzzy time-series based on Fibonacci sequence for stock price forecasting," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 380(C), pages 377-390.
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    More about this item

    Keywords

    sports betting; Fibonacci sequence; betting strategy; rational betting; mathematical model that can be used to bet;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools

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