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In sports betting, a unit is typically a percentage of your overall bankroll. For example, if your bankroll is $1,000, and you decide that one unit will be 1% of your bankroll, then one unit would be $10. If you make a bet of two units, you would be betting $20.
Credit: USA TODAY/IMAGN
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If you’re new to sports betting, you may have heard the term “unit” thrown around but not quite understood what it means. You’ve probably asked what is a unit in betting dozens of time with few good answers. A unit is a standard measure used to represent the size of a bet in sports betting. It’s a way of keeping track of how much you’re betting relative to the size of your bankroll. This concept is derived from the Kelly Criterion. In this article, we’ll go over what a unit is and how it can help you manage your bankroll and make more informed betting decisions.
In sports betting, a unit is typically a percentage of your overall bankroll. For example, if your bankroll is $1,000, and you decide that one unit will be 1% of your bankroll, then one unit would be $10. If you make a bet of two units, you would be betting $20.
Using units can help you manage your bankroll and make more informed betting decisions. By using a consistent unit size, you can make sure you’re not risking too much on any one bet, and you can track your performance over time to see how well your bets are performing.
Using units in sports betting has a few benefits. First, it helps you manage your bankroll more effectively. When you’re betting with units, you’re making sure that you’re not betting too much on any one bet. This helps you avoid the risk of losing a large portion of your bankroll on a single bet.
Second, using units makes it easier to track your performance over time. By using a consistent unit size, you can see how well your bets are performing and make adjustments as needed. For example, if you’re consistently losing more units than you’re winning, it may be time to re-evaluate your strategy.
Credit: USA TODAY/IMAGN
To determine your unit size, you’ll first need to decide what percentage of your bankroll you want to bet on each game. Most sports bettors use between 1% and 5% of their bankroll as their unit size, but this can vary depending on your risk tolerance and betting strategy. You can reference the Kelly Formula to decide exactly how to approach it.
For example, if you have a bankroll of $10,000 and you decide to use 2% of your bankroll as your unit size, then your unit size would be $200. If you have a bankroll of $1,000 and you decide to use 1% of your bankroll as your unit size, then your unit size would be $10.
It’s important to note that your unit size should always be based on your current bankroll. As your bankroll grows or shrinks, your unit size should adjust accordingly. This will help ensure that you’re always betting a consistent percentage of your bankroll, regardless of its size.
Credit: USA TODAY/IMAGN
We’ve all had those days where we just felt deep down in our gut that our team was going to win and our side of the matchup was clearly favored more than Vegas was trying to represent. Those are the days we usually lose our tail and wind up chasing until we find ourselves in the pit of misery.
Using units can help you avoid using emotion in your betting strategies. Often times our emotions are severely biased, based on both personal bias and limited information about a subject. Additionally, we always find a way to convince ourselves to overlook certain things that don’t align with our preconceived notions – and this costs us. Using units in your betting strategies are a surefire way to minimize emotion by forcing very calculated decisions using precise win probabilities.
Take the following example for how units are easy to understand and digest in sports betting.
Example 1: John has a bankroll of $1,000, and he decides to use 1% of his bankroll as his unit size. His unit size is $10. He decides to bet on a football game, and he feels confident in his pick. John decides to bet two units on the game, for a total bet size of $20.
Example 2: Jane has a bankroll of $5,000, and she decides to use 1% of her bankroll as her unit size. Her unit size is $50. She places a bet on a basketball game and bets one unit, for a total bet size of $50.
Example 3: Michael has a bankroll of $2,500, and he decides to use 1% of his bankroll as his unit size. His unit size is $25. He places a bet on a baseball game and bets 10 units, for a total bet size of $250.
| Player | Bankroll | Single Unit | Units | Bet Size |
|---|---|---|---|---|
| John | $1000 | $10 | 2 | $20 |
| Jane | $5000 | $50 | 1 | $50 |
| Michael | $2500 | $25 | 10 | $250 |
| Player | John | Jane | Michael |
|---|---|---|---|
| Bankroll | $1000 | $5000 | $2500 |
| Units | 2 | 1 | 10 |
| Single Unit | $10 | $50 | $25 |
| Bet Size | $20 | $50 | $250 |
Credit: USA TODAY/IMAGN
Not using units in sports betting can be risky. Without a consistent unit size, it can be easy to bet too much on any one game. This can lead to losing a large portion of your bankroll on a single bet, which can be difficult to recover from. Note how we said ‘minimize’ and not ‘remove’ risk. There is always risk in sports betting, but using very calculated units and unit sizes is a good way to make the process much more scientific than not.
Using units can help you avoid this risk by ensuring that you’re not betting too much on any one game. It also helps you track your performance over time, which can be valuable information when evaluating your betting strategy. Units are also a good way to ‘trust the process’, which often times is a far better strategy in most things than trusting your emotions.
A unit is a standard measure used to represent the size of a bet in sports betting. It’s a way of keeping track of how much you’re betting relative to the size of your bankroll. Using units can help you manage your bankroll more effectively and make more informed betting decisions, especially when it comes to parlays. By using a consistent unit size, you can make sure you’re not risking too much on any one bet and track your performance over time.
When determining your unit size, it’s important to consider your bankroll and risk tolerance. Most sports bettors use between 1% and 5% of their bankroll as their unit size, but this can vary depending on your betting strategy.
Overall, using units in sports betting is a valuable tool for managing your bankroll and making more informed betting decisions. By using units, you can avoid the risk of betting too much on any one game and track your performance over time.
Credit: USA TODAY/IMAGN
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