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Unit Size Formula:
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Unit size in sports betting represents the standardized amount of money you risk on each bet based on your bankroll and risk tolerance. It helps manage your betting funds effectively and prevents over-betting.
The calculator uses the unit size formula:
Where:
Explanation: This formula calculates the optimal bet size based on your risk management strategy and the odds offered.
Details: Proper unit sizing is crucial for long-term betting success. It helps preserve your bankroll during losing streaks and maximize profits during winning streaks while maintaining consistent risk exposure.
Tips: Enter your total bankroll in dollars, your preferred risk percentage (typically 1-5%), and the decimal odds of your bet. All values must be valid (bankroll > 0, risk between 0-100%, odds > 1).
Q1: What is a typical risk percentage?
A: Most professional bettors risk 1-2% of their bankroll per bet. More aggressive bettors may go up to 5%, but higher percentages increase risk of ruin.
Q2: Why subtract 1 from the odds?
A: The (Odds - 1) represents the potential profit from the bet, which is used to determine the appropriate stake size relative to your risk tolerance.
Q3: Should I adjust my unit size as my bankroll changes?
A: Yes, your unit size should be recalculated regularly based on your current bankroll to maintain consistent risk management.
Q4: What if the calculated unit size seems too large?
A: Consider reducing your risk percentage. A unit size that feels uncomfortable may indicate your risk tolerance is lower than your selected percentage.
Q5: Can this calculator be used for all types of bets?
A: This formula works best for single bets with known decimal odds. For parlays or complex bets, different calculations may be needed.