Enter the total units won and the size of each unit into the calculator to determine your profit from betting. This calculator helps you understand the monetary value of your betting success based on the unit size.
Betting Unit Profit Formula
The following formula is used to calculate the betting unit profit.
P = TUW * US
Variables:
- P is the profit ($)
- TUW is the total units won
- US is the unit size ($)
To calculate the betting unit profit, multiply the total units won by the size of each unit.
What is Betting Unit Profit?
Betting unit profit is the total monetary gain from betting when accounting for the size of each betting unit. It is a way to measure the effectiveness of a betting strategy without being skewed by varying bet sizes. By standardizing the bet size, one can more accurately assess the success of their betting decisions over time.
How to Calculate Betting Unit Profit?
The following steps outline how to calculate the Betting Unit Profit.
- First, determine the total units won (TUW).
- Next, determine the size of each unit (US) in dollars.
- Next, gather the formula from above = P = TUW * US.
- Finally, calculate the Betting Unit Profit (P) in dollars.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Total units won (TUW) = 15 units
Unit size (US) = $100
