This is a popular term and a common question sports betting players, new or with experience, ask. If you are a sports betting enthusiast, it is important for you know what a unit means, including some examples, so you can make this strategy to improve your game and make some cash out of it.
When talking about sports betting units you need to understand that this is bankroll management strategy; the bankroll is completely related to the amount of money you have, to bet on a specific sports season, let’s say for example, NLF.
You have to consider this amount of money, the bankroll, as an investment, with all the risk included. Most sports betting advisers, or handicappers will advice you to use between 1% or 3% of the total amount you risk when taking your sports betting action (if you use the conservative approach), or around 4-5%, if you are an aggressive type of investor, but this will bring more risk to your investment.
The sports betting unit is a number that will help you evaluated if your bets are worth the risk, or not. Basically it will tell you, as sports betting investor, the percentage of your bankroll (risk amount) you should be betting on each wager you make.
There is a simple formula you can use to determine the amount of units you need to bet depending on the different juices (sports betting odds) as shown below.
x = odds
• if x > 0 use, x/100
• if x < 0 use, -100/x
Let’s take a look at this example.
If New England Patriots is at -3 points favorite over Seattle Seahawks with the juice at -115, then you would use -115 as the “X” on the second formula.
(-100/-115) = 0.8696
If Patriots covered the spread, you would have won +0.87 “units” for that play. If the team doesn’t cover, you would lose one unit or -1 “units”.
The unit in sports betting is a measurement of the size of the bet, depending on the amount of the bankroll you have and the amount risk for your action. This basic strategy is use to show your profit or loss in simple terms.
Some sports betting handicappers and professionals used this measurement to show their win/loss ratio, so you can have and idea of how much they money they make or loss from their sports betting action, as the example below.
If go to a handicapper’s site that states their win/loss ratio is 50-35 for +11.5 units in a season, betting $100 on each bet, means that his unit is $100 and he’s up 11.5 units, this would state that he is beating the book for $1150.
As you can see you can use this sports betting strategy in your favor and find a way to get profitable and get more experience when thinking about where to invest your money on your next season.
By Andrew Smith