In a casino’s sportsbook, the term “unit” is frequently used. Phrases like “I just won 2 units” and “I lost 5 units on that game” are common.
This guide from OKBet betting agent’s experts will ensure that you fully understand what a unit is and how to apply it to your sports betting strategy.
What exactly are Sports Betting Units?
Sports betting units are the metric by which serious bettors track their progress. Units are a standard way of measuring a bettor’s profitability rather than wins and losses or dollars wagered.
If you prefer to play a lot of underdogs on the moneyline in hockey or baseball, you will most likely have a low win percentage, but you will be very profitable due to the low underdog prices.
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Those who prefer to bet on Moneyline favorites may find the opposite to be true. By betting on favorites, you could win 60% of your games while still losing money due to the prices you’re laying. Unit management is critical to maintaining a consistent bankroll.
How Do You Work Out Units?
Money management is the most important aspect of becoming a successful sports bettor, and it is frequently overlooked. Determine your starting bankroll. That is the money you have set aside solely for sports betting and nothing else.
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Your bankroll for betting should not be linked to any other activities. Divide your bankroll by 100. That should be your initial unit size.
When you win and your bankroll grows, your unit size should grow as well. If you lose, your unit size should be reduced to reflect your smaller bankroll. It should be a dynamic process.
Units are used by sports bettors for a variety of reasons
Because no two bettors have the same amount of money. If you recommend a $200 bet to someone, you have no idea whether $200 is a pittance to them or their entire bankroll. If you recommend a two-unit bet to someone, they will quickly understand what that means and how much they should wager based on their bankroll size.
How Should Winning and Losing Be Determined?
This is a matter of personal preference, and you will almost certainly receive different responses from different bettors. It is customary in the world of point spread betting with -110 odds to wager $110 to win $100. You bet the juice up front in order to win a unit (in this case, $100).
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It is unusual to bet a unit ($100) and win $90 and change. So, for a one-unit point spread bet at -110 odds, you’d have to risk 1.1u to win 1u. If you bet one unit on a +120 baseball underdog, you would risk one unit to win 1.2 units. Some bettors, regardless of juice, prefer to play a flat unit. Because they didn’t lay the juice upfront, a 1u bet on a point spread with -110 odds would return 0.9u.
Putting Multiple Units at Risk
A bettor will frequently risk more than one unit per bet to demonstrate confidence in a bet. Sports bettors typically have a maximum bet size as well. When there is a high level of confidence, the unit size increases.
Betting multiple units is risky because a bettor can become engrossed in trying to achieve results. If a two-unit bet loses and is then countered with a five-unit bet, it’s easy to see how someone could quickly lose their entire bankroll. Predicting which outcome is more likely to be a sure winner than another is also difficult.
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Despite these reservations, sports handicappers will release plays in a variety of unit sizes. Confidence is driving the increase in units. The unit size for any given bet will always be determined by confidence.
Risking multiple units and winning is how a bettor can have a losing record while making money. If the big unit-sized bets win, it will compensate for a bunch of small unit-sized bets losing.
The opposite can also be true for those who win small unit bets but do not cash their large unit bets. This results in a winning record but a smaller bankroll.
Parlays are about as common as going to the grocery store once a week, but bettors generally risk fewer units on them. This is due to two factors. Because of the increasing difficulty of winning a bet due to multiple events within a single bet and the increased payout, a common bet size of a half unit, for example, will be required.
Remember to return to the OKBet Betting Partners blog for more betting strategy. Best wishes!