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?
GOLD FEBRUARY RESULTS
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.
$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.
Author: Adam Curkpatrick