No not the Big Unit “Randy Johnson”. In sports betting, there is a lot of strategy when it comes to how much you bet, and when to bet more or less. You’ll hear the term “Unit” thrown around as the amount of money a bettor will bet based on their specific bankroll.
A unit is based on your total bankroll, and a typical normal bet is just one unit. If you typically bet $20 on a regular bet, this would be your unit. 100 units, in this example, would be $2000 dollars, and this would be your total bankroll. If you don’t necessarily know how much you should bet on a 1 unit bet, take an average on how much you typically bet on a team against the spread.
Using units gives you a tool to keep track of profits and losses without the dollar value. This is an adequate way to see how well you are actually performing against your peers, or how some betting pages are performing against others. Since everyone bets different amounts, this is a solid baseline.
We will give you an example because it is the easier way to explain.
Let’s take a look at 5 random bets on a given day. If you don’t know what the numbers mean below, read our article here.
South Carolina (-200)
Golden State (-410)
Kentucky -4/North Dame -14 (-140) (5 point teaser)
Villanova -6.5 (-110)
Sometimes a bettor will bet the same amount on all same 4 bets, and this would typically be 1 unit or 2 units across all three bets. But, since all four of these bets have different odds, it would make sense to bet different units on each bet (more units on the lower odds such as -410 & -200, and fewer units on the lower odds). This is one strategy so that the winning amounts are all similar. Here’s how it would look for my unit amount, which is $50-
South Carolina (-200) 2 units = Risk $100 to win $50
Golden State (-410) 4 units = Risk $200 to win $49
Kentucky -4/North Dame -14 (-140) (5 point teaser) 1.5 Units = Risk $75 to win $53
Villanova -6.5 (-110) 1 unit = Risk $50 to win $45
The average winnings of each of these three bets are around $50