The second reason is that it makes it easier for individuals to tail plays based on their specific bankroll. Note : When I say highly researched plays I mean very confident ones. All Rights Reserved. Skip to content. Tom Buckland March 20, Share on facebook. Share on whatsapp. Share on twitter. Share on linkedin. Obviously, the more you track, the more ways you can splice your betting history. All this data can come in handy to identify some of your own pitfalls and where your strengths as a sports bettor really are.
This topic as a whole can be broken down into considerably more detail in an article on bankroll management, but we can at least break the surface on them here. Fixed Unit Model For beginners, it is recommended to stick with a fixed unit approach.
Basically, this approach is that you bet one unit and one unit only on each and every wager regardless of any other factors such as the odds or your confidence level. Percentage Model The percentage model is another popular option. However, that upside also carries a downside. Variable Models There are also some variable models that take into account your level of confidence in a wager or the potential return of a wager.
By using confidence levels, one may choose to risk 1 unit on lower confidence bets, 2 units on medium confidence bets or 3 units on higher confidence bets. This method causes you to risk more when betting on favorites and risk less when betting on underdogs a line would have you risking 1. The toughest part of this model is that it relies heavily on how accurate you are in determining these win percentages in order to be successful and there are various other versions of it.
A Unit is something every sports bettor should become familiar with. Without a system in place, the inconsistency in wagers often leads to one burning through their bankroll. Kyle Kontos is a featured writer at BettingPros.
Tom Buckland March 20, Share on facebook. Share on whatsapp. Share on twitter. Share on linkedin. Read Our Story Our goal is to grow this sport investing community to a point where we make betting companies take note. Learn More. Found This Useful? Share It With A Friend. The amount we win is determined by the odds offered on that wager. Read my article on bankroll management to understand how to bet based on the unit-ratings of each game. How much can you expect to win using my picks?
Check out what you can expect. For my guarantee, I measure the total profit or loss i. If I provide positive net units i. If the picks result in negative net units, it's considered a losing package and you get another equal package free. It's that simple. Get Free Picks Login. Toggle navigation.
Unit Calculations Explained in this article Wonder what a "unit" is? I explain it here. Rating the Picks - Units I rate each pick as a 1 to 2. How Much Can I Win? Guarantee For my guarantee, I measure the total profit or loss i. If you have further questions, please feel free to contact me.
While the point spread in the above example was not a round number 1. Essentially, a push occurs when a wager ties. In this case, a combined score of 53 points would trigger a refund for any bet placed on either the over or the under, and no bet would win.
In fact, a money line wager is based entirely on which team wins, and the margin or even the frequency of scoring does not matter. To better understand money lines, however, it is important to know what the listed odds actually mean.
American odds are prominent in, you guessed it, the United States. They are not as prominent, or regularly accessible, in other corners of the world but, given our audience and the reality that American odds are what you will see in any local sportsbook, an explainer is needed. The money line referenced Kansas City at The vig, or vigorish, is sometimes referred to as the juice, and it basically refers to the cost of placing a bet, all while explaining how bookmakers keep the lights on.
As noted above, the Chiefs were Facebook Twitter Flipboard uproxx. Point Spreads In simple terms, the point spread is a wager on what the margin of victory will be in a particular game. American Odds American odds are prominent in, you guessed it, the United States. February 9, by: Zac Gelfand. February 9, by: Carolyn Droke. February 8, by: Derrick Rossignol Facebook Twitter.
For example, if someone says they are up 20 units on the season, that means they are up 20x whatever one of their units is. Bettors, those who sell their picks, and those who just like to participate in sports betting forums online will categorize their bets in terms of importance through the use of units. A bet with a normal level of confidence may be a 1 or 2-unit bet, while a bet that offers exceptional value could be a 5-unit play or more.
Going by units succeeds where a simple won-loss record fails. There is something to be said for betting the same amount on each game, in which case a won-loss record could shed some light. After all, a bet should either be worthy of betting or not, something betting with differing units runs counter to. Units is a way to organize betting success in terms of actual profits, as opposed to the less-conclusive measuring stick of a won-loss record.
For those not used to units, it may seem like a cumbersome element of record-keeping. Free Newsletter: Receive wiseguy plays, betting strategies and special promotions! Share this article with friends:. Quit wasting your hard earned money! Make the switch from to odds today You'll be so glad that you did!
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