#Unit calculator betting plus
If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. If $10 is bet at odds of 4, the total returned is $40 ($10 x 4) and the potential profit is $30 ($10 x 4 minus the $10 stake). Decimal Oddsĭecimals quote the potential return should the bet succeed, relative to the stake. Ex: American odds of -120 would win $100 on a $120 bet. Going over 5 units is likely to attract unwanted casino heat. A +2 count means 2 units, a +3 count means 3 units, a +4 count means 4 units, and anything over +4 means you bet 5 units. Negative Figures (-): The odds indicate how much must be bet to win $100 profit. By this reckoning, you should bet 1 unit for a +1 count, all neutral counts, and all negative counts. Ex: American odds of +120 would win $120 on a $100 bet. Positive Figures (+): The odds state the winnings on a $100 bet. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. There are three methods of stating odds that most bookmakers and websites support. Format Definitions: Odds and Probabilities We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. You’ll see how much money you’ll win, and the total payout you’d receive. Our calculator will take care of the rest. We use the American style here at Odds Shark.Įnter the amount of money you wish to bet. It’s entirely up to you which type you prefer. Want to play along at home?ĭownload a Bankroll Calculator and Simple Simulator.Most betting sites offer each odds option. Instead preserve value by moving to a flat-betting system.
This season, avoid the volatility of wagering more when your bankroll grows and less when it contracts (% system). Value was retained and by the end of the season the flat-betting approach netted an additional $323 or 32% more than the percentage method. The flat betting approach under-performed the % method during that monster run but notice how it outperformed during the cold streak. The account balance plummets faster than colts win totals and we end up with a balance of a mere $1181. We start strong and man that monster run grew to an impressive $5K but look at what happens when we hit that cold streak. Let’s look at the results if I use a rolling 3.175% of my bankroll and used the EXACT SAME win/loss distribution and payout ratios: Wouldn’t I have made more money? After all I had a winning season. What if instead of using a flat/unit betting strategy I instead used a percentage of my total bankroll … makes sense right? As the bankroll grows I have more money so I should bet more and if I lose i’ll bet less. I have a monster run, and then I hit a really cold streak and end up at a total balance of $1505.09 or 60.20 units. I start the season with 40 total units worth $25 each (2.5% of my total bankroll) and proceed to bet between 0.5 to 2 units on each wager (with my average bet being 1.27 units equivalent to 3.175% of my total bankroll). For the sake of simplicity I normalized my bankroll to begin at $1000: The chart below is an actual snapshot of my bankroll over the course of the 160 wagers that I placed over the regular NFL season last year. What is Flat Betting?įlat betting is a bankroll management technique wherein you rationalize your portfolio into a set number of “units,” which typically represent 1-5% of your portfolios total value and then bet that same flat unit amount on each wager. This NFL season it’s time to convert to the one true faith: Flat Betting. Heck, you’ll lock in Colts to win the AFC South -160! Hell yeah, that’s a solid play… you’ve still got some money in the account toss a $160 on them and collect an extra $100 after they roll past the Jags, Texans and the Titans.īefore you know it, your account is looking as busted up as Andrew Luck’s HOF application.īad beats happen but the difference between taking a hit and breaking your portfolio comes down to managing your bankroll. You know what happens next…you get burned.īad beat… It’s OK, you’ll just throw a bet on the late game. New week, new slate of games you go back to the well, bankrolls feeling fatter, let’s go $150 on them. Week 1, your team looks solid, so you throw $100 on them. It’s failing to manage their bankroll effectively. The most common mistake an amateur sports-bettor makes has nothing to do with betting on the wrong team.
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