How to Bet Wisely Using Betting Units?
If this is your first time with sports betting, then most likely you may not know what betting units are. But if you started to study sports betting, you may have noticed that such metrics are used quite often by both beginners and professional gamblers and even by the bookmakers themselves.
This is not at all odd since the units for betting are very easy to use and quite useful if you want to compare the effectiveness of your strategies. Units for sports betting can be used anywhere in the world as they remain unchanged both in Nigeria and in any other country such as the USA or China.
So let's figure out what a unit is in rates and how to use it most efficiently and competently.
Next, we'll take a closer look at this metric and explore how you should apply it to your bankroll in order to manage it, as well as compare it with other bettors and determine which strategies are most appropriate.
What Is a Unit in Betting?
Next, we'll take a look at the betting units explained. Units in betting usually show how much money a player can afford to spend on one bet. Well, basically, the given amount is different for each player. This raises the question of how to use it for everyone? This amount is often defined as a percentage of your total bankroll.
Thus, for example, if the amount of money that you can afford to spend on bets is 30,000 NGN, then one unit of the bet should be calculated as a certain percentage of this amount that you will spend on a specific bet. So if you set yourself a limit for a single bet of 3% up to a single bet, you will have an amount of 900 NGN.
And the betting unit that refers to the bankroll as a whole can be used to compare the statistics of different players. The amount of money that the player received is less indicative of his success than the number of units of bets received. Plus, you can always track the effectiveness of your working betting strategies with the unit of bets.
How to Determine Your Betting Unit Size?
You should make it a rule to count units in betting at about 1-5% of your total bankroll. If you are new to the world of gambling or prefer to make cautious bets, you should stop at 1-2%. If you cannot live without high risks, in this case, you can raise the betting unit to 5%, but do not forget that several unsuccessful bets in a row can devastate your account much faster than you expect if you get a taste.
There is one important thing to remember about the units of your bets is that you need to stay consistent. Once you have decided on your own betting unit, you should never bet less. In addition, it is very important to consider your bankroll since inexperienced players very often tend to replenish their account after several failures or increase the amount that they are willing to spend on bets.
Another important factor is that you should consider your bet size across the different betting platforms you can use. Each betting app has different limits what you can spend on bets. If we take the Parimatch sports betting website as an example, this is the minimum amount you can spend on a bet is 300 NGN, the largest payout that you can withdraw from your account is 1,000,000,000 NGN.
Track Your Statistics with Betting Unitshigh
When players try to keep track of their scores, they usually only consider their wins and losses. To a certain extent, this is a good indicator, but it does not reveal all betting histories. This indicator does not take into account the odds of the match that bets were made and does not determine whether you can break even win or lose money.
For example, if your bet on the match between Brentford and Tottenham wins and the bet on the match between Crystal Palace and Fulham is losing, you will not be able to determine how effective your strategy was. But if you put three units on the odds of 3.75 in the first match and one unit and the odds are 2.10 to the other, then you can understand that you made the right decision.
Another important aspect is that unit bet tracking gives you the ability to manage your bankroll overall. Thus, the size of your bets will increase or decrease depending on how your financial situation changes.
But perhaps the most useful thing about rate units is that they are fairly relative. This makes them a better choice for benchmarking as you can compare your results with those of players with a higher or lower total bankroll and still get relevant information.
How to Calculate Units Won?
Next, let's understand how to calculate betting units. If you carry out calculations with units of measurement instead of specific monetary amounts, then this will simplify the math you have to work with when betting on sports. Thus, if you lose one unit with a wrong bet, then you simply lose that bet.
And when it comes to counting the number of units you choose, it depends on which platform you are using. There are different ways to display the same odds for sporting events. Some sites use British odds, and others use American ones. But the easiest and best way to calculate odds is with decimal odds, which is the kind of odds used on the Parimatch sports betting site. In this case, you just need to multiply the number of units that have been bet by the value of the decimal odds assigned to the match.
If we take the examples above, then you will lose one unit in the match between Brentford and Tottenham. And the units that you can win in the match between Crystal Palace and Fulham will be calculated as 3 * 3.75 = 11.25. So you get 11.25 minus 1, which is the unit loss, and minus the 3 units you put in at the beginning, which is 7.25 units.
How to Calculate the Money You've Earned by the Units You've Won?
When you find out exactly how many units you have earned, then you will probably want to know how much it is in monetary terms. Finding out is as easy as shelling peas, you just need to multiply the number of units by the value of the unit that you have determined for yourself before making a bet. If we take an example familiar to us and your rate unit is 300 NGN, then in the end, you will receive 300 * 7.25 = 2,175 NGN.
If you want to make these calculations easy for you, you should be consistent with your strategies and bankroll management. If you start changing the amounts that you bet for some reason, it will be much more difficult for you to track your losses and profits in the long term. If you want to test if this or another strategy works, then you should maintain the same amount for each unit of the bet throughout the entire process.
CHECK PARIMATCH SPORTS BETTING ODDS
Can Betting Units Lie?
If you approach the use of units of the bets correctly, they can be quite useful. But there are also various ways to play this system. Players who place bets on the site online can report their earnings up to 1000 units of bets, and this cannot be entirely false.
Each player can set the value of the unit of the rate as he pleases. Most players set this amount in the range of 1-5% of the full bankroll, but if the scammers want to increase their winning numbers, they can set the units of rates in the region of 0.01% or even less. This allows them to place bets and win 1000 units per bet. That is why you should not consider these numbers literally, you should compare them with other statistics that are available to you.
Conclusion
If you have recently found yourself in gambling, then betting units are the first thing you should learn about to properly manage your money. Thus, you can competently manage your bankroll and compare your results with the results of other players, besides, you can find a fairly effective strategy for making winning bets. Better units also make it easier for you to determine which sport or which team has brought players the most money this season.
So now that you understand what a betting unit is, you can place your bets with more confidence. Visit the website Parimatch from any device you have and start winning by placing bets on your favorite sporting events right now!