Record Keeping

Money (Mis) Management

Money (Mis) Management Part 2

Psychology Of Punting

Barrier Trials: Trial tease or future star?

What is unit betting?

Gear changes explained

Speed maps: How important are they?

Currie | Was this unexpected?

resultsGOLD FEBRUARY RESULTS

Overall Pot:

Unit Value:

$

Outlay:

46.20 units

Return:

72.37 units

Your Pot:

$500
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Detailed results are available in our resource centre

What is unit betting?

What is a unit in betting?


A common question we get about staking, is what is a unit? It is a widely used term for bettors when suggesting an outlay for a selection. 


A ‘unit’ in betting is a measurement of the size of someone’s bet. Because everyone has different sized bankrolls or no bankroll at all, using the term ‘unit’ is a way for us to show profit or loss in universal terms. 


Basic betting strategy says you should bet between 1-5% of your bank. It is broadly accepted that 1 unit = 1% of your bank. That’s not a stringent rule but a very easy way to calculate a single unit. 


Using the above, someone who has a $1,000 bank would be betting $10 per unit. Someone with a $2,000 bank would be betting $20 per unit and so on.


Example:


$1,000 bankroll. Bettor says: 5 units on runner X, you would have $50 on runner X. This is 5% of your bankroll. Note: That is a very aggressive bet and would not be used very often. 


At TRC, we have gone with a slightly more conservative approach and calling 3 units our MAX bet, which again, using the above, we will not be betting any more than 3% of our bank on any race at any stage. Note: 3% max bet is still quite aggressive and you can tailor your staking to suit your risk profile. Some bet 1% of their bankroll as their max bet, in my opinion, that is quite safe and conservative. 


As your bank grows, you can adjust your outlay accordingly. Conversely, if you are losing (it does happen), the same applies. I would not recommend daily adjustments to unit size. Depending on results and your turnover, you may do this weekly or a monthly assessment is normally suffice. 


If you dont use a bankroll, (we recommend you do) that’s not a problem, you can still use the suggested units as a guide to your outlay. If your bet size is $50, you’re essentially calling that your maximum bet. So if TRC send a 3u play, that’s your pineapple on. 


Without a bank: 


1u = small bet

2u = moderate bet

3u = good bet


Any questions; feel free to contact us via email or on our social pages. 


Giddy up!



Author: Adam Curkpatrick



Comments

Tony Holznagel

Thanks for this. So Adam, for the selections in the previews, how do we correlate say a 65% confidence selection to units? Is it possible to include a suggested unit amount in the previews? Or assume say bronze is 0.5U, silver is 1U and gold is 2U or 3U? Cheers

1 month ago

The Race Club

Hi mate, The best way in my opinion is to use the percentage in reference to your maximum bet (3u if we refer to above article) So let’s call your 3u = $100. If there was a 65% race, I would recommend betting 65% of your max bet ($100), therefor betting $65 in that race. That $65 can be broken down to the analysts suggested play. For example: If the analyst has suggested a win bet only, $65 the win. If it were suggested EW 1x3, approximately $15 win, $50 place. Hopefully that makes sense. I believe it’s quite an accurate way to stake against the confidence percentage. Bronze races are typically not betting races and I wouldn’t recommend betting into races the analyst is below 50% confident about.

1 month ago

The Race Club

Hi mate, The best way in my opinion is to use the percentage in reference to your maximum bet (3u if we refer to above article) So let’s call your 3u = $100. If there was a 65% race, I would recommend betting 65% of your max bet ($100), therefor betting $65 in that race. That $65 can be broken down to the analysts suggested play. For example: If the analyst has suggested a win bet only, $65 the win. If it were suggested EW 1x3, approximately $15 win, $50 place. Hopefully that makes sense. I believe it’s quite an accurate way to stake against the confidence percentage. Bronze races are typically not betting races and I wouldn’t recommend betting into races the analyst is below 50% confident about.

1 month ago

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