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In this case, we used the Kelly equation for proportional betting. Here your bet would be your edge divided by the odds. This means winnings increase quicker than in the fixed-wager system, and losses slow down. The Fibonacci sequence are numbers in the following sequence:. By definition, the first two numbers in the Fibonacci sequence are either 1 and 1, or 0 and 1, depending on the chosen starting point of the sequence, and each subsequent number is the sum of the previous two.
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