![]() ![]() Take some time to explore SBD Sharp to find out which teams are the best bets all year long. If you take the same approach to wagering, it’s easy to see how sports betting can be less of a hobby and more of an investment. This demonstrates why sticking to a betting unit is such a reliable strategy: it mitigates the risk of devastating one-time losses and allows you to slowly build your bankroll over time.Īny financial advisor would tell you to diversify your portfolio and focus on long-term growth. Notice that you don’t see any major peaks or valleys (sharp increases or decreases) on any of the graphs in SBD Sharp. The lines above plot the value of your bankroll throughout the course of the season. ![]() If you want to determine the potential value of a strategy, you need to look at the units won and lost. Indeed, they are a fundamental component of most dedicated betting strategies you’ll hear about. But units also have value in terms of helping you make smarter bets in the future. Betting Units & Strategy: Consistency Is Kingīetting units are clearly helpful in managing your bankroll, tracking your performance, and comparing it with other bettors. These calculations are helpful when evaluating strategies and the claims of handicapping services, who often tout their records in terms of units won. 85 betting units, you would calculate 10 x. If your unit size corresponds to $10 and you want to know how much you’d make on a play that returned. Simply multiply the dollar amount you typically wager by the units won. Calculate Earnings by Units WonĬalculating potential earnings by betting units won is simple. These values are simple representations of the return on investment that can then be applied to determine how much you would have won or lost on a given bet. Most importantly, tracking betting units allows you to compare your strategy and success with other bettors, whatever the size of their bankroll.Įvery sporting event has only a single measure of units won (for those who pick correctly) and lost (for those who aren’t so lucky). 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. ![]()
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