In online sports betting, it’s always an advantage to be one step ahead of the losses you may encounter from a bad bet. To do this, one must be able to maximize his betting units wisely. More than the odds and payouts, betting units represent a significant portion of your win rate and are an important tool in achieving long-term success. Let’s learn more about properly using these units through this short sports betting guide.
What are ‘betting units’?
A ‘unit’ simply refers to the measurement used to determine the size of your bet. Normally, betting units are represented in percentage value taken from your overall bankroll size, pertinent to the amount you would wager to an event.
You can say that for an NFL prop bet where X player will score first, you are betting 1% of your $1000 bankroll which is equal to $10. This value would translate to 100 units on that particular event.
But of course, this is just an example. The units you are going to spend will vary according to your preference. But if you’re someone who’s still learning how to bet on sports, you can work with a standard number or unit size and still earn a considerable amount.
How much is enough?
Everyone who bets on sports is willing to stake a different amount of money, but the line can be drawn on how much risk you are willing to take. So it’s important to measure your sports betting knowledge and skills first, and track your past bets, whether you earned positive or negative returns.
As a rule of thumb, betting a smaller unit size is recommended for beginners or those who don’t know as much about the events they’re wagering on. Seasoned bettors who can handle a little more risk can opt for a slightly bigger size, but it shouldn’t go as far as the total bankroll or any amount near that.
So generally, bettors should be banking on 1 – 5% unit size, which is already a reasonable amount. Starters can settle for 1 or 2 on a single bet, as 3 or 4 is borderline risky already. Those who are experienced enough can land on 4 – 5%.
How you want to spend your money on a sports bet is all up to you. But it’s always a smart and practical choice to think long-term by properly knowing your bet unit sizes, which is what this sports betting guide is for. So next time you place a sports bet, be sure to consider your unit size and capacity on top of carefully choosing the best odds in the market.
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