MyTopSportsbooks Guide to ‘Units’ in Sports Betting
Unit betting is an approach that allows bettors to take control of their bankroll management. This guide will lay out the details on this bankroll management strategy, which relies on consistency and patience over time. You may have heard the term ‘unit’ being discussed by your friends or colleagues who place online sports bets on NFL, NBA, NHL, or MLB fixtures, but you might be confused as to what it really means. You may be asking yourself ‘What is a unit in betting?’, ‘Where can you get these betting units?’ and ‘Is it an amount of money?’ Read on to find out the answers!
When you first start gambling, the chances are you will have more questions than answers. Many bettors won’t make the effort to find out what units are in betting, and this is a mistake made by countless losing sportsbook bettors every year.
This beginner’s guide from the online sports betting experts at MyTopSportsbooks will ensure you have a complete understanding. Learn what a unit is and how to apply this to your sports betting strategy. This article will tell you how much is a unit in gambling, how to use units in sports betting, and what does ‘1u’ mean in betting?
What are Sports Betting Units?
Let’s start at the beginning, way before placing your first bet. What is a unit in sports betting?
A unit refers to the cash amount placed on a wager, with the value remaining consistent on each bet. Each unit, or bet, should be one percent of your starting bankroll. Effective bankroll management is essential for profitable gambling, and breaking down your bankroll into betting units makes this easier.
While the amount wagered can vary from bettor to bettor, the value equates to one unit, or one percent, of their bankroll. Using the term ‘unit’ allows everyone to speak universally without divulging how much money the bettor has at risk. It can be used for any betting market, including moneyline on college football.
Therefore, while the dollar amounts may vary between the bettors, the level of risk being assumed is the same. One unit may be $10 for some and $100 for others. For the real big hitters, a unit may even be as much as $10,000.
So, now you know what units mean in betting and how much is a unit in betting!
Risking Multiple Units
Now, let’s proceed to the more exciting stuff: how to use a unit bet.
As a show of confidence, a bettor will commonly risk more than one unit per bet. In other words, when the confidence is high, the unit size follows suit.
Many professional gamblers work off a one to five points system for their units in betting. They might wager one unit, or point, on a match that they are viewing on TV for entertainment. One example might be backing the underdog in the Kentucky Derby. At the other end of the scale, a five-point bet would be a maximum wager, commonly referred to as “going all in”. This approach would be used on a bet you are confident will win.
As with any style of betting, there’s a risk involved. But knowing and understanding units, saving the highest for your best bets, could limit the danger of developing a gambling problem.
Units = confidence
What’s a unit in betting?
Betting multiple units is risky as a bettor can get caught up in trying to reach for results. If a two-unit bet loses and is then countered with a 5 unit bet size next, it’s not good. You can see how you would lose an entire bankroll in a hurry. Additionally, predicting that one result is more of a guaranteed winner than another is also quite tough.
That said, despite some concerns, sports handicappers will release plays at varying unit sizes. The increase in units is driven by confidence. Confidence will always play a role in determining the unit size for any given bet. But you can always use a betting units calculator.
Are you sure the Broncos will win this weekend? They may attract a decent unit at Caesars sportsbook or Fanduel. Heard a whisper about the weekend college basketball? That could be a max bet if it’s from a sound source.
Risk vs Reward
Risking multiple units with success is how a bettor can have a losing record but be up money. If the big unit-sized bets are winning, then it will make up for a bunch of small unit-sized bets losing. The flip side can also be true for those that win small unit bets but lose out on cashing their big unit-sized bets. This will result in a winning record but a diminished bankroll.
Parlays are about as common as a weekly trip to the grocery store, but bettors generally risk fewer units on these. That is because of two factors. The increasing difficulty of the bet winning due to multiple events within one singular bet and the increased payout will necessitate a common bet size of a half unit, for example.
Armed with the confidence to manage your bankroll through units, we wish you good luck! This was what does units mean in betting and how much is a unit in sports betting. But there’s plenty more. Remember to check out our other guides for more sports betting knowledge
Use the Payout and Odds Calculator
Whether using the unit approach or some other system, it is always a good idea to have an odds calculator handy. It works on every bet from every sports team, including the New York Yankees.
This way, you can be smarter about the unit that you are using. Your unit strategy should be constantly informed by using the betting odds calculator. That makes it quicker and easier to tell a one-unit bet from a three-unit bet. It’ll also speed up the process of handicapping or using point spreads.
Do not forget about the parlay calculator. You can still apply the unit approach to parlays. Parlays can make each unit bet even more profitable. Of course, they all come with even more risk as every leg of the parlay must carry to earn the payout.