What Does 100 Unit Bet Mean
Say your buddy has a bankroll of 10,000, and a unit size of 100. He also risks 1 unit per pick, so he’s risking 1,000 in total (10 picks. 100 per unit). He went 6-4 on his picks, so he was returned the 600 that he risked on the winning picks, plus the 600 in profit for picking 6 winners. A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Simply enter your stakes and odds, and our tools will tell you how much profit you should expect to receive using American, fractional or decimal odds.
- British odds show the net return of a bet, European odds display the net return of a bet plus the original stake, and US Moneyline odds exhibit the money wagered either to win 100 units, or the money which will be won from a 100 unit stake.
- Say a bettor has a 10K bankroll. He could split that bankroll into 100 units of $100. A unit should represent a tiny part of your bankroll. 1% is ideal, but not everyone can work like that. If a guy has a $200 bankroll, splitting it into a bunch of $2 units can be an excruciating grind.
- 1-3% of your bankroll. But this is used for pro and high stakes betters. They have one sum of money lets say 100k and bet with this. If you deposit $100, but lose everything and are willing to put in another $100, then you should base this% off $200. Using units is probably the standard way and the smartest to base how much you should bet.
Units are a normalized way to to compare win amounts between bettors while removing the stake size. Units are commonly be a percentage of bankroll or a fixed value.
If you are making picks for money, then the amount you are risking should be a function of your total budget and how comfortable you are with the prospect of losing the money you risk.
If you are risking a couple bucks per pick, comparing your results with your buddy that is risking hundreds per pick is a pretty useless comparison. In dollar terms, it’s like comparing apples and oranges – there is no point.
However, the amount of money involved doesn’t speak to how successful you are with your picks compared to your buddy. If you both make picks in the same 10 matchups, you might end up picking 8-2 and up a little bit, while your buddy picks 6-4 and is up a lot! If we remove the money aspect, you are still picking better than he is!
To put everybody on the same page, a common denominator is used, referred to as units.
The money you use to make picks is referred to as your bankroll.
Let’s assume it’s 200.
Most handicappers generally advise to make your unit size equal to 1% of your total bankroll. 1% of a 200 bankroll is 2, so that’s our unit size, and we have a total of 100 units in our bankroll. Make sense so far?
What Does 100 Unit Bet Mean
For those 10 matchups you and your buddy picked winners for, let’s assume that the odds for each matchup were 2.00 to keep things simple.
You decide to risk 1 unit on each matchup, so you’re risking 20 in total (10 picks * 2 per unit). You went 8-2 on your picks, so you received the 16 back that you risked on the winning picks, and you also receive 16 back as profit. You risked 20, and were returned 32 which gives you a profit of 12. Because your unit sizes are 2 each, you are said to be up 6 units, even though you’re only up 12 in dollar terms.
Say your buddy has a bankroll of 10,000, and a unit size of 100. He also risks 1 unit per pick, so he’s risking 1,000 in total (10 picks * 100 per unit). He went 6-4 on his picks, so he was returned the 600 that he risked on the winning picks, plus the 600 in profit for picking 6 winners. He risked 1,000 in total and received back 1,200, so his profit is 200 in dollar terms. However, in unit terms, he is said to be up 2 units, as he uses a unit size of 100.
What Does 100 Penalty Units Mean
Bottom line? You are up 6 units, and your buddy is up only 2 units, so you outclassed him this time despite the fact that he actually has 188 more than you in dollar-value profit!