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Money (Mis) Management

Money (Mis) Management Part 2

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Barrier Trials: Trial tease or future star?

What is unit betting?

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Overall Pot:

Unit Value:

$

Outlay:

316.70 units

Return:

369.29 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: 3 units on runner X, you would have $30 on runner X. This is 3% of your bankroll. Note: That is an aggressive bet and would not be used often. 

 

At TRC, we have gone with a slightly more conservative approach and calling 2 units our MAX bet, which again, using the above, we will not be betting any more than 2% of our bank on any race at any stage. Note: 2% max bet is aggressive enough 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 2u play, that’s your pineapple on. 

 

Without a bank: 

 

0.5U = small bet

1U = moderate bet

2U = 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

9 months 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.

9 months 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.

9 months ago

Shortie75

Hi mate just a question on staking. if there is 2 horses in a race that are rated high by the RTC so that would be a 3u betting race which = $100 do u then half your stake or put $100 on both.

7 months ago

The Race Club

Hey mate, pending price or suggested play. But definitely, as a level stake, you could put $50 on both. When suggesting to play them both equally, the term dutch is normally used. Meaning we want to get an equal result out of both runners. Ie, if Runner A was $3 and Runner B was $7. We would have $70 on Runner A and $30 on Runner B to profit $110 on the race regardless who wins. Just depending on how the analyst has suggested, if can't split, equal stake ($50 on each runner) is fine if the value is there.

6 months ago

Shortie75

Thanks mate

4 months ago

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