1. What is a Betting Unit?

A betting unit is a standardized measure of bet size that accounts for both stake amount and odds. It helps bettors compare wagers across different odds and maintain consistent bankroll management.

2. How Does the Calculator Work?

The calculator uses the betting unit formula:

Where:

• \( stake \) — Amount wagered (in currency)
• \( odds \) — Decimal odds (dimensionless)
• \( Units \) — Standardized bet size (units)

Explanation: Dividing stake by odds normalizes bet sizes across different odds levels, showing the "true" size of each wager relative to your bankroll.

3. Importance of Unit Calculation

Details: Using units helps maintain consistent risk levels regardless of odds, prevents over-betting on longshots, and provides better tracking of betting performance.

4. Using the Calculator

Tips: Enter stake in your currency and odds in decimal format. Both values must be positive (odds ≥ 1).

5. Frequently Asked Questions (FAQ)

Q1: Why use units instead of just stake amounts?
A: Units account for risk by considering both stake and odds, making different wagers comparable.

Q2: What are typical unit sizes?
A: Professional bettors often use 1-2% of bankroll per unit, but this depends on individual risk tolerance.

Q3: How do I convert fractional odds to decimal?
A: Divide numerator by denominator and add 1 (e.g., 5/2 = 2.5 + 1 = 3.5 decimal odds).

Q4: Should I always bet the same number of units?
A: Many bettors use flat unit sizing, but some adjust based on confidence levels (e.g., 1-3 unit scale).

Q5: How does this relate to Kelly criterion?
A: Kelly suggests optimal bet sizing based on edge, while units provide consistent measurement across bets.