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What Are Units
You see it all the time. Sports handicappers bellowing out how many units they gained this weekend or over the course of a season or lifetime. The numbers are big sometimes but what do they mean to you?
It's a common question for many Internet sports bettors that are considering hiring the services of a professional handicapper. We will explain what units are in this article.
A unit is simply a measurement of success or lack thereof. Since sports bettors come in all different shapes and sizes in terms of bankroll, the need to have a standard article of measurement is essential.
A unit basically means: "the amount you normally bet on a sporting event." For most, that amount is $100. For others it can be $50 while others bet $500, $1000, $2000 or even more on a single wager.
The size of unit (keep it clean!) is directly related to the size of your bankroll. With your bankroll being the total amount of money you have available to bet, if that amount is $1,000 then it is likely that your unit size is not $500 and it's impossible for it to be $2,000. While it is not recommended, most bettors with a $1,000 bankroll usually bet $100 per game.
So now, what does this means to you when you are considering a handicapper?
To figure out how much money you would have made or will make with a handicapper when you view his units won/loss record, do the following:
Take the amount of units won or loss and multiply it by the size of your unit. So if a handicapper says he has won 45 units so far this baseball season then you figure it this way.
If your unit size is $100 then:
You would have won $4,500 with that handicapper's plays ($100 x 45 units won).
If your unit size is $500 then:
You would have won $22,500 with that handicapper's plays ($500 x 45 units won).
If your unit size is $1,000 then:
You would have won $45,000 with that handicapper's plays ($1,000 x 45 units won).
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If your purchase a handicapper's picks and he tells you, for instance, wager 3 units on Miami Heat (+5) over Dallas Mavericks. If your unit size is $100 then you would wager $300 on the Miami Heat (+5). If it is customary for you to lay the juice (10% of bet) on your picks then you would wager $330 to win $300 on the Miami Heat (+5). We will touch more on units on a future date but for now you should have a general understanding of the term units as it relates to sports betting.
Taking Advantage of Deposit Bonuses at Online Sportsbooks
Advertisements for deposit bonuses are also probably something that you see quite a bit as you surf through the gambling websites on the Internet. I am surprised by how many people fail to take advantage of the deposit bonus offers.
For the most part, a deposit bonus is a sportsbook offering you a cash bonus as incentive to join their sportsbook. Many sportsbooks will give you that bonus as cash deposited into your account for immediate use upon you make a deposit into the sportsbook.
Using BoDog Sportsbook as an example. You visit BoDog Sportsbook and you don't already have an account there. You take a look around, you like what you see and you decide to open an account. You figure $500 to be a resonable amount to deposit into your account to start. BoDog Sportsbook is currently offering a 10% signup bonus. Since you deposited $500 into your account, BoDog Sportsbook will now place an additional $50 into your account for you to use. This is like winning your first bet without even taking the risk of playing one.
Now, be advised, ALL sportsbooks require some type of rollover before you can withdraw the money they gave you. By rollover, I mean that you must wager a certain amount of money before they will allow you to withdraw the $50 that they put into your account. If you withdraw your original $500 before you meet the required rollover then you will not be allowed to withdraw the $50 they put into your account.
Having a rollover requirement is necessary. Without it, unscrupulous sports bettors would go from sportsbook to sportsbook getting free money without placing any bets and leave the sportsbooks holding the bag. Typically, the sportsbooks will require a 5x rollover. This means that you deposited $500 so you need to make $2,500 in wagers (5 x $500) before you can withdraw the $50 that BoDog Sportsbook placed in your account. If you are any kind of sports bettor, getting to that $2,500 in wagers should not take long.
There a few places in life where you can get free money and online sportsbooks are one of the few places where this can happen. However, be warned, not all sportsbooks are honest about their deposit bonuses. Some sportsbooks offer huge deposit bonuses to lure you in and then play games with you once you have met the requirements and try to make a withdrawal. Stick to well known sportsbooks for your larger deposits. BoDog Sportsbook is about as well known as it gets in the online sportsbook industry. They are a solid sportsbook that is not going anywhere and is breaking new ground in the world of online sportsbooks. They are a great place to start if you are new to the online sportsbook experience and they are an even better place to go if you already have an account somewhere else. To check out BoDog Sportsbook, Click Here Now.
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