Fibonacci Horse Racing System

Today, there are so many horse racing systems available that it is impossible to mention how each system works. Most of these horse racing systems do work on outdated methods though.

A newer, 21st century horse racing system for use with the Betfair betting exchange is Go Fibonacci. The system uses a complex mathematical formula developed by the greatest mathematician ever, Leonardo Fibonacci.

It is important to remember that horse racing systems are not 100% fool proof, and nothing on the planet can predict the outcome of a sporting event (unless it has been rigged), however, Go Fibonacci uses mathematics to stack the odds in our favour and therefore reduce the chances of losing to a safe level.

All sport is effected by the 'law of averages', the law of averages is basically a thousand year phenomenon that believes any event occurring again and again will eventually fail. For example, the law of averages believes a horse winning 3 races in row is likely to loose the 4th and the chances of failure increase with every subsequent victory. All betting systems today incorporate the law of averages in their calculations. One of the most popular betting systems today are horse racing systems. Like most scientific methods, horse racing systems take into account a horse's past performance, its current form, and then calculate the probability of the horse winning. In addition a horse racing system also incorporates the performance of competing horses.

The benefits of using Go Fibonacci horse racing system are twofold. Firstly the system advises only to lay odds on selections which mean fewer risks to your betting bank. Secondly, the selection system included produces a very high percentage of winning gambles which is also an important factor.

Click here to find out more about the Go Fibonacci horse racing system

Betfair has pioneered the concept of betting exchanges. Unlike traditional betting sites, Betfair does not employ techniques used by traditional bookmakers to offer odds.

A traditional bookmaker offers odds based on various criteria and these odds are usually designed to suit the bookmaker's requirements.

To compare a betting exchange and a bookmaker lets take an example; let's assume, there is a match between England and Croatia. A traditional bookmaker will analyze the past history of the two teams, their form and other criteria before offering odds. In essence, once a bookmaker offers the odds, the punters (people placing the bet) have only two options: take the odds or not bet. Betting exchanges on the other hand, have an entirely different approach to betting.

A betting exchange like Betfair allows two people to bet against each other, for example if a user bets £100 against Croatia and another user 'lays' the bet, Betfair simply holds the betting money till the bet is settled.

Unlike a traditional book keeper that has margins and cushions to think about, a betting exchange simply charges a small commission from the winner of the bet. To ensure the system is fair and transparent, the betting exchange does not charge any commission from the looser and only the winner of the bet pays commission to the betting exchange.

Compared to a traditional bookmaker, a betting exchange has no restrictions on the bet amount. As long as another user is willing to match the bet, the betting exchange has no problem accepting a bet. In the stock exchange, shares are only sold at an amount people are willing to buy them for.

Similarly, in a betting exchange if a person places an exorbitant bet, the bet is only valid if another user is willing to accept the bet.

There are two basic actions that a user can execute on betting exchanges like betfair.com. A user can choose to 'back' an outcome or go against it ('lay'). The biggest advantage that websites like Betfair have over traditional bookmakers is that, users have the choice of choosing exactly which outcome and particular bet they wish to contest.

Unlike traditional bookmakers that rarely offer odds during a sporting event, a betting exchange allows users to place bets during a contest as well. For example, let's assume two a user 'A' decides to change his bet at half time, he can put up a bet that might be against the run of play. If any other user decides to lay the bet, he can match the bet.

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