Ever wondered why tipsters express their predictions in terms of units? What exactly does a unit represent? Below we explain the both the meaning and the purpose of units in the betting world.
Let’s start firstly with a definition, a 'unit' in sports betting is a normalised way to compare staked amounts between different bettors. Everyone stakes different amounts of cash, a 'unit' standardises stake size. This means we can measure profit/loss between all tipsters and evaluate performance at a glance.
Why do tipsters use units?
Tipsters in most cases will have a variety of people following them with vastly differing amounts of funds ready to bet with. Tipsters offering their services in a standardised format means the punter can then adjust to their own bankroll size and risk levels. In the majority of cases, the tipster will work within a scale of either 1-3 or 1-5 units with multiple factors determining the size of units staked per bet.
What factors make a tipster adjust stake sizes?
Typically a tipster will have varying degrees of confidence in their bets, adjusting the unit size allows them to convey this to their followers. The more confident they are about a bet, the likelier they are to post the bet at a higher stake size. Risk factors will also be taken into account when a tipster decides on the units staked. A bet at low odds is likelier to be posted with a higher stake size than a bet at high odds (it is unwise to stake a relatively high amount of your float on a high odds bet no matter how confident the tipster may feel). It’s a tipsters job to make you money in the good times, but also to protect you from heavy losses when variance goes against them and therefore you - adjusting stake sizes enables them to do that.
From a punters perspective, Betminds believes using units is a must. It allows for accurate record keeping and encourages money management discipline.
Betminds and Units
Betminds allows tipsters to adjust their tips from 0.25 units - 5 units fitting the needs of everyone. For standard accounts, the max winnings allowed per tip is set to 25 units, the max stake size will adjust accordingly so that this limit is not breached e.g. tipping at odds of 12.0 will mean a max stake size of 2.0 is put in place (2 units x 12.0 price = 24 unit return).
For Betminds premium accounts, there is no max on winnings and therefore a full 5 units is available on all tips regardless of the odds.