![]() ![]() It’s a quick way to visualize your monetary gains (or losses) and determine which picks offered you the most value. Tracking the number of units won and lost, however, provides a direct connection between your record-keeping and the health of your bankroll. If they are exclusively betting favorites at -200 odds, they need to win ~67% of those wagers just to break even. Look at it this way: you would likely be impressed if someone told you they won their bets 55% of the time. There is some value in simply tracking which bets you’ve won and lost each season, but this overall win-loss ratio is only one part of the story.īecause odds differ between events, not all wins and losses affect your bankroll equally. Tracking Your Record with Betting Unitsīetting units are the best way to keep track of your wins and losses when betting on sports. Alternatively, you could set your unit size to a strict 1%, and wager 1-5 units on each wager you place. Doing so allows you to distribute risk across many events and eliminates the possibility of exhausting your bankroll two weeks into the season. Generally speaking, we recommend wagering the same amount (a single unit) with every wager. Beginners and those who like to play more conservatively should stick to 1-2% on a single bet. Sharp bettors might select a slightly larger unit size, but it should never be a significant portion of your overall bankroll.ġ – 5% of bankroll is a reasonable unit size for the vast majority of bettors. ![]() Clearly, beginners or those who don’t know as much about the events they’re wagering on should use a smaller unit size. Unit size depends on your tolerance for risk and a (realistic) assessment of your ability to handicap the sports you bet on and make accurate picks. So, how do you decide how big your betting units should be? ![]() Regardless of how much money you have to wager with, you need to decide how much of it you’re willing to risk on each pick. Properly determining the size of your betting units is the key to using them for effective bankroll management. Unit Size and Bankroll Management: How Much Should You Bet? Everyone who bets on sports is willing to put a different amount of money on the line, but comparing records in terms of betting units won rather than dollars won or total number of correct picks provides a better sense of who has been a more effective sports investor over the course of a season. Measuring the size of your bets and winnings in betting units rather than dollars allows you to compare your record with other bettors and more accurately track your success. If you wanted to wager 1% of your overall bankroll with each bet you place, your unit size would be $10 and you would have 100 units to bet with this season. Say you have set aside $1,000 to bet on college football this season (this amount is called your bankroll). This percentage is up to you – those with a higher tolerance for risk will be comfortable wagering with larger units than those who are more conservative with their betting strategy. Specifically, it is the percentage of your overall bankroll that you wager on a given sporting event. Quite simply, a betting unit is a measurement used to determine the size of your bet. ![]()
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