Bet Sizing

[iceburgh]

Hi guys,

This may be a silly question but I think I need it answered.

Firstly, I'm from the UK and as such am used to odds being displayed as fractions, rather than, for instance, -115.

Each bet that I place, I place the same amount (1 'unit'), whether it's + money or - money. Should I be structuring my bets so that each bet results in a win of 1 'unit'? Or am I ok betting the same on each of my bets, regardless of whether it's + or - money?

If this is the case would someone please explain the reasoning to me.

Many thanks

[Jiggy Fly]

I always wager 1 Unit on dogs (+) and wager to win 1 Unit on favorites (-). For example, If I like a dog that is +135, I will wager $100(1unit) to win $135. If I like a favorite that is -175, I will wager $175 to win $100(1unit).

[iceburgh]

Thanks for the reply.

From looking around this site I thought that was the case.

Can you explain to me the reasoning behind this? Is it just personal preference? Or is it mathematically correct to do so?

Thanks

[Ski powder]

Looks evens.

[Vesuvius]

I always wager 1 Unit on dogs (+) and wager to win 1 Unit on favorites (-). For example, If I like a dog that is +135, I will wager $100(1unit) to win $135. If I like a favorite that is -175, I will wager $175 to win $100(1unit).

follow this, you'll be fine.

[looksharp]

Thanks for the reply.

From looking around this site I thought that was the case.

Can you explain to me the reasoning behind this? Is it just personal preference? Or is it mathematically correct to do so?

Thanks

a good book which "explains" odd, juice, money management is
Weighing the Odds in Sports Betting
by King Yao

Good luck

[iceburgh]

Thanks guys. I was looking at buying Sharp Sports Betting by Stanford Wong. Would you recommend the Yao book over this?

[Steeve]

Yes. The King Yao book is much better.

[iceburgh]

Cheers Steve. King Yao it is.

[roon]

So, 1 "unit" always equals $100? Or is it somehow related to your bankroll? Thanks.

[roon]

Nevermind. I found my answer in another post. Thanks though.