Want to learn to bet? Betting 101 is the place to start.
You’ll often hear punters speak of ‘units’ when talking about betting: they are staking this many units… they collected or profited this many units, etc.
This confuses some people. How much exactly is “five units”, for example?
Unitised staking is just a simple way to communicate and compare staking, results and balances to a wide range of punters, all of whom will have different-sized bankrolls.
You may have a starting bankroll of $10,000. A friend might have a bankroll of $100. Somebody else might have a bankroll of $500,000.
Advising a suitable stake, or measuring the success of betting, can’t really be done for all three punters in dollar terms. A stake of $50 for the smallest punter is 50% of his bankroll, a ridiculously large risk that will soon send him broke.
But it’s a very small risk for the $10,000 bank.
For the $500,000 bank, it’s minuscule.
So punters talk in ‘units’. A betting strategy will have a recommended starting bank of x units, and you just divide this into your bankroll to determine your unit size.