Cricket betting has turned into a whole new sport, with the new t20 format becoming a part of cricket matches. More people are enjoying cricket and bet on ipl platforms like never before. With the soaring popularity, many people are trying to join betting platforms for cricket betting. However, knowing the kinds of betting and strategies employed to be a successful bettor is crucial before you embark on the betting journey.
Let’s look at unit betting and how it’s useful to bettors in cricket betting:
What is unit betting?
Unit betting is used by bettors across the spectrum for effective money management. Using a consistent stake size ensures that you don’t go overboard in spending on every bet. Determining the unit size begins with fixing a percentage of your bankroll. The percentage allocated is small for each bet size which is fixed to ensure lowered risks and prevention of losses.
Key concepts
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Unit
A unit here symbolizes a fixed percentage on a bet out of your bankroll.
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Bankroll
It’s the total money set aside by the bettor for cricket betting.
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Percentage of bankroll
The percentage of every bet is fixed, and each bettor fixes it between the ranges of 1% to 5%.
How unit betting works
Step-up-step guide
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Determine your bankroll
It is crucial to set aside a particular sum from your finances for betting. It should be a fixed amount that will not ruin your financial stability. This amount will be used for placing wagers in cricket betting.
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Decide on your unit size
Fixing the unit size can further strengthen the resolve to lower the risk. Here you would allocate a percentage of your bankroll to each bet.
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Place bets using units
When you place a wager on ipl betting apps using fixed unit size, you could use multiple bets if you happen to have a strong conviction about it.
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Adjust units as bankroll changes
When you continue to bet, your bankroll in a particular betting session may increase or decrease on which you may need to adjust your unit size as well. Upon adjusting your unit size, you will continue to have control over the risks and maintain consistency.
Example
When you have a bankroll of $500 and a unit size of 3% of the bankroll= $15.
If you place a bet on one unit and the confidence in the bet to bet on more units, say 2 more units = $30.
Benefits of unit betting
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Risk management
Using unit betting has a significant impact on curtailing your risks. A single bet placed using unit betting will not bring down your bankroll. It will enable you to consistently bet using a small percentage of your bankroll giving you the assurance of staying put even during some losses and not depleting your funds entirely.
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Emotional control
When a fixed percentage is attached to the bet size, there are fewer chances of not making impulsive betting choices that you would regret later. Since a smaller portion of your bankroll is utilized to make those unit sizes, the pinch of loss would be as much to get frustrated about.
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Long-term profitability
The unit-sized bets assure long-term profitability in cricket betting. Since you wouldn’t waste money on impulsive betting sprees, you will save up to play responsibly. Smaller gains will be your goal and large and risky bets don’t figure in your scheme of things. Having this approach to your betting journey will help a steady growth in your bankroll.
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Ease of tracking
Since a fixed percentage is allocated to the bet, you will know the number of units you place while betting, giving you the exact sums of money from your bankroll being used up. Keeping track of your bankroll is prudent for your betting journey. Knowing your stake size helps you adjust your strategy when you are convinced of a good wager to make.
Implementing unit betting in cricket betting
Conduct thorough research
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Team player analysis
Knowing all the information about the players in each match and their specified lineup enables you to place bets and strategize accordingly. There are authentic news websites that provide you with the required information. They have comprehensive coverage with injury reports and expert analysis as well for you to look into and make informed decisions.
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Match conditions
Being aware of the changes is crucial because the weather and pitch conditions can significantly impact match outcomes. The rain, wind and humidity can change the course of the game. The pitches of different regions vary and during the course of the match, the deterioration also may change the way the ball bounces off the wickets.
Use odds comparison websites
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Compare odds
Several prominent websites are available to help you compare the odds of different bookmakers and enable you to come up with the best odds to wager with for your betting spree. You can easily identify the best value bets to bet on using these platforms.
Monitor market movements
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Betting exchanges
Betting exchanges are made to help you deal with the strategy planning as they scan all the information relevant for your betting sojourn. The exchanges decode all the market movements and help identify the potential bets.
Apply statistical models and tools
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Predictive analytics
With the help of analytical tools, you can estimate the true probability of the match outcomes by checking with odds set by the bookmakers. You can pick the best wager for yourself.
Takeaway
Long-term profitability from cricket betting can be a possibility with unit-size betting on ipl betting platforms. Using this as part of strategy can work well with both risk management and bankroll management as well. Various tools and software can make your life simpler and help you for the best wagers to make in the betting sphere and build a successful betting strategy.
