The simplest definition of a unit in sports betting is that it is the minimum amount of money you are placing on any given wager. There is, however, some complexity to deciding what yours should be, how it can be used to track wins and losses, and how to use it to decide how much to stake.
How Much Should a Unit Be Worth?
The amount you place on any particular bet will vary hugely from person to person but there are a few guidelines as to how much a unit should be.
Generally, a single unit should be either 1% or 2% of your total bankroll, or how much cash you have set aside for wagering.
Having a tracking system for your staking is highly recommended, and a basic spreadsheet should meet all your needs. Many https://australiansportsbetting.net/internet/ bettors track their wins and losses exclusively but this kind of structure doesn’t tell you the whole story, especially when you start dealing with Money Lines or any other wagers where odds vary.
This is where units come in. When you’re tracking how many units are being won or lost with each stake, you’re getting a more accurate idea of your overall profit and loss.
How Many Units Per Wager?
This topic can actually be broken down into a far more detailed discussion on Bankroll Management, but we can cover the basics here.
Fixed Unit Models are a great starting point for beginner bettors. This approach has wagering one unit and one unit only on each and every stake, regardless of any other factors. So, you won’t be taking into account what the odds are or how confident you’re feeling.
Percentage Models are also very popular, and offer consistency even though your bets will differ from day to day based on how much you’ve previously lost or won.
The basics are that you’re wagering 1% of your bankroll on each stake, so let’s say you’ve started things off with a bankroll of $1 000. On the first day, you bet $10 per wager and win. So, when you get going on Day 2, you’re up to $1 010, so know your stake becomes $10.10 each time. But today you lose, so on Day 3 you’re down to $990 in your bankroll, so your bet becomes $9.90.
The advantage of this system is that you can capitalise on a winning streak by wagering larger amounts, but, conversely, if you’re losing a lot, digging yourself out of that hole becomes more difficult.
There are also some Variable Models that take your level of confidence in a wager and its potential return into account. If you use Confidence Level as a criterion, you may choose to risk 1 unit on stakes you’re not too sure about, 2 units on those you’re somewhat certain of, and 3 units on ones you’re almost positive you’ll win. Other basis’ you could explore include Potential Return and the Kelly Criterion Model.