[Gtownguy487]

i thought i knew what dimes and units were but i guess i don't

is 1 dime $1000?? and 1 unit is $100?? and 1 nickel is $500??

[babaoriley]

Units are variable. 1 unit may be $10 for one person and may be $10,000 for another.

[babaoriley]

To further clarify, say someone bets 3% of his bankroll on each play and has a starting bankroll of $1,000. Then his unit size is $30. If he likes a play enough to double up on, then he's betting 2 units ($60 or 6%) on that play and so forth...

If someone likes to bet 2% per play and their bankroll is $10,000, then you have a $200 unit size. A 5 unit-play would be 10% of their bankroll ($1,000)

[Gtownguy487]

To further clarify, say someone bets 3% of his bankroll on each play and has a starting bankroll of $1,000. Then his unit size is $30. If he likes a play enough to double up on, then he's betting 2 units ($60 or 6%) on that play and so forth...

If someone likes to bet 2% per play and their bankroll is $10,000, then you have a $200 unit size. A 5 unit-play would be 10% of their bankroll ($1,000)

thanks

[babaoriley]

thanks

No prob. One other note is that strict unit betting is generally reserved for those players who don't bet according to Kelly, Martingale, and other money management systems to maximize profit, though a general unit structure is still relevant to Kelly. You can read all you ever want about Kelly in the "Handicapper think tank" forum.