If you’re a sports betting novice, we can imagine you’re still learning some lingo. Tipsters and experts sometimes throw around the phrase “betting units”. What is a unit in sports betting and what’s its significance? Let’s find out more.
You can try Novibet sports betting whenever you’re ready to place wagers on your favorite teams. Understanding a unit will help you be more informed on what’s at stake when making different sports bets.
What Is a Unit In Sports Betting?
A unit measures how much you are wagering during an online sports bet. Bettors standardize their bet sizes by utilizing units. This tactic ensures safer bankroll management with proper performance tracking over time.
Let’s say your unit size for wagering on an upcoming football game is $10. You want to bet two units on a player prop bet, which means it’ll be a total of a $20 wager. Choosing a unit is based on your risk tolerance, bankroll size, and desired wagering session length.
Why Units Are Important In Sports Betting
Choosing a manageable unit during sports betting is important for many reasons. It goes beyond making it easier to place and communicate your wagers to others.
Performance Tracking
Referring to your bets as units rather than the fiat currency amount makes it easier to track performance during sports betting. Two players discussing their sports betting strategies could be up by 20 units after a win.
However, units could be completely different representations based on their original unit amount. A player with a base $10 unit could be up by $200. The other player with a base $20 unit could be up by $400. Both represent 20 units but with different base currency amounts.
Risk Control
Using units helps sports bettors manage risk. Wagering one unit is best for regular bets with manageable risk while wagering two units can be for higher confidence bets. Half units can be wagered on long shots or small bets.
Bankroll Management
Rather than experiencing large losses, choosing units ensures more controlled bankroll management. Small units allow you to wager manageable percentages of your bankroll to keep losses low and capitalize on unexpected wins.
How To Set a Proper Unit Size
Set your unit before placing any wagers. This is important for properly managing bankroll and risk.
Try to have your unit be no more than 1% to 5% of your bankroll. This means that one unit for a $100 bankroll can range between $1 and $5. Lower-risk betting may make you want to do a 1% unit. If you’re comfortable with higher risk, you may set your unit to 5% of your bankroll.
Setting units is a strategic tool for enhancing sports betting success. It doesn’t matter your unit size. The process works the same whether your unit size is $5 or $500. While a higher unit size can mean a greater reward if you win, it could also hit your bankroll too hard if you don’t bet size.
Example of a Unit Bet In Action
Say that you want to bet one unit on a moneyline favorite. Each unit is 5% of your bankroll, which is a $25 wager (current bankroll of $500).
Your high confidence in a point spread bet makes you bet 2 units on it ($50 total). Wagering on a risky underdog may mean you want to do a 0.5-unit bet (or $12.50). These can be combined into a parlay, round robin, or teaser bet, depending on your risk tolerance.
Conclusion
A unit helps to manage sports bets by controlling bankroll, managing risk, and ensuring overall success when placing wagers. Set your unit today.
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