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|‣||What Is A Betting Unit|
|‣||How To Calculate Units Won|
|‣||Strategies For Betting Units|
Betting units are vital for sports bettors. No matter the experience level or the bankroll size, betting units are a game-changer.
Successful sports betting relies on trustful information and careful bankroll management. Betting units are a crucial component for both. This article will tell you everything about betting units and how to use them to form a reliable betting strategy.
It also helps to keep track of your wins and losses, and contrast your performances to other bettors.
What Is A Betting Unit?
Simply put, it’s a measurement used to define the size of your bet. In other words, it is the percentage of your bankroll that you bet on a game or event.
The percentage is up to you and whether you’re a risk-taker or a conservative bettor. Those who like to take risks will have larger betting units than those with a lesser love for risks.
Say the amount of dollars you’re willing to bet for the NFL season is $1,000. That’s your bankroll.
If you want to bet 1% of your bankroll on each bet you take, your unit size is a $10 bet. You’d have 100 units to wager on the season.
Measuring size and winnings in betting units instead of dollar signs helps you compare your record against other bettors. Also, and more importantly, they keep your betting success tracked. Every bettor has a different mindset for placing bets.
Comparing records with betting units gives a better view of who is more effective over the course of the season. This is not measurable when comparing dollars won or the correct number of picks.
Unit Size & Bankroll Management
Determining the size of your betting units is crucial for you to have effective bankroll management. Regardless of how big your bankroll is, you need to establish how much you’re willing to risk on each bet.
How do you decide this? This depends on your risk cravings, and a realistic evaluation of your ability as a bettor.
Betting novices who know little about how gambling works should use a smaller unit size. This way, they learn, make room for improvements, and get the feel of betting without taking many risks.
Sharp bettors usually have a larger unit size, but this is not a big part of their bankroll. A reasonable unit size for most bettors goes from 1% to 5% of the bankroll. The unit size recommended is between 1-2% for beginners or conservative players.
In overall terms, it’s recommended to bet the same amount (single unit) in every wager. This allows you to distribute the risk across many bets and mitigates the chance of drowning your bankroll.
Another option is to set your unit size to a strict 1%, and bet 1-5 units per bet.
Tracking Your Record With Betting Units
Betting units are the best way to track your wins and losses when betting. There is an underrated value when it comes to tracking your bets season. However, the win-loss ratio is just one of many good things that come with betting units.
The odds are different in any sporting event. Therefore, all wins and losses affect your bankroll differently. For example, if someone tells you they win 60% of their bets, you’d be a bit impressed.
Odds matter, though. If this guy bets -200 favorites, he actually needs to win 67% of his bets to break even. It’s not impressive, and he is losing money.
By tracking your wins and losses with units, you have a direct connection between your record and the health of your bankroll. It’s a way for you to see your winnings (or deficits) and know which bets offered you the most value.
Again, using this method, you can compare yourself to other bettors.
Let’s say you want to see if your basketball handicapping skills are better than your friend’s. If he has a bigger bankroll, comparing the amount of money won makes no sense. Comparing them with betting units will tell you who is a better handicapper.
You can compare betting units even when the units differ in size. This is because the betting units express the return on investment, not the money won. It’s a percentage game.
How To Calculate Units In Betting
It’s pretty simple to know how much you’ve lost. If you follow the advice of betting one unit per bet, you’ll lose one unit per incorrect wager.
Calculating units won is not as easy, but the formula is not rocket science either. It’s straightforward.
Every sporting event you bet on has only one measure for units won (if the pick is correct) and lost (for the unlucky ones). These are simple showings of the return on investment that determine how much you would win or lose in a bet.
Calculate Earnings By Units Won
Knowing potential earnings by betting units won is real simple. Multiply the dollar amount you usually bet by the units won.
So, if your unit equals $10, and you want to know how much you would win that returned .85 betting units, multiply 10x .85.
Those $8.50 are the potential earnings.
Betting Units Strategy: Consistency Reigns Supreme
We’ve established how helpful betting units are to managing your bankroll, tracking your bets, and others. Units also help to make you a better bettor in the future.
They are the base of the most effective betting strategies. If you want to know the potential value of a betting strategy, look no further than the units won and lost.
Betting Units ROI: Try This Tool For Smarter Picks
There are tools that track team investments over a specific time. These show how much money a bettor can produce betting on one team all season or in similar situations.
The tool will let you see the value of your bankroll as the season progresses. The betting units come in handy to avoid any major peaks or valleys. The betting units are reliable, and they minimize the risk of one-time losses. They also help you build your bankroll.
Financial advice says you need to diversify and focus on long-term growth. Betting is the same. Betting units allow you to transform betting from a hobby to an investment.
Ready To Use Sports Betting Units?
We’ve covered the value of betting units in large. It’s time you look at your bankroll and set a unit size that suits you. Then, decide how to use it.
Thirsty For More Betting Knowledge? Check Our Gambling Education Hub.