One would think that if a gambler had an endless supply of money to bet with and constantly wagers five or six figures per game, they would have a nickname that sounds a bit more appealing. Instead, these walking ATM's have the dubious distinction of being called a 'whale.'
I guess when you are rich, it doesn't matter what your nickname is, but I have to believe there are about 20 other nicknames that would be more appropriate for someone who drops $100,000 on a game and doesn't even think twice about it.
What Does Whale Mean?
When you hear someone refer to someone as a 'whale' in the sports betting industry, they are often times talking about a very high-profiled bettor that has a history of making very large bets. Typically, whales have plenty of money to spend, so they won't lose any sleep over losing a massive five or six-figure bet. 'Whales' are considered to be at the top of the pecking order in the betting industry and are often referred to as 'high rollers.'
If you saw odds of +150, you would know that a $100 bet could return $150 in winnings, plus the initial stake of $100. If you saw -150, you would know you need to stake $150 to return $100 in winnings, plus the initial stake of $150. An even money wager (where you stand to win an amount equal to your stake) is expressed as +100. A popular term in sports betting is 'unit' and below I will explain what bettors mean they refer to a unit, and examples of it being used. A 'unit' in sports betting is a measurement of the size of someone's bet.
I wish I could tell you where the word originated from, but it's one of those things that has just stuck over time. If you think about the ultimate gambling/strategy game, poker, you will notice the use of a lot of aquatic phrases. For example, a bad player is called a fish and a really strong player is a shark. I guess'whale' fits with the theme.
Are Whales Good Bettors?
Just because whales have six (or ten) stacks of money to throw around on random bets throughout the day, doesn't mean they are good bettors. What are the different types of bingo games. The majority of the time, they aren't and are just looking for any excitement they can get and can only bet big because of their massive bankroll.
Say a bettor has a 10K bankroll. He could split that bankroll into 100 units of $100. A unit should represent a tiny part of your bankroll. 1% is ideal, but not everyone can work like that. If a guy has a $200 bankroll, splitting it into a bunch of $2 units can be an excruciating grind.
Sure, winning a $500,000 bet and collecting 454,545 would be a dream to any casual bettor, but a whale doesn't need that $450,000+ profit to sleep easy. The reason a whale bets big is because they like the attention they get within the sportsbook and even more than that, they like the perks of the sportsbooks. These perks can range from free drinks (definitely free drinks), to limousine use, to private jet use and any other lavish perk you can think of.
- May 13, 2020 A $100 bet on Fractional (1/1) American (+100) or Decimal (2.0) odds would return a $100 profit. Exotic Bet: Betting options beyond point spreads, moneylines and game totals.
- These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers.
If you want to tail a 'whale', your best course of action would be to find someone who has been in the game for a long time. The experience they would have could be good enough to gather a few helpful pointers. After all, if they are still doing it, chances are they are a decent enough handicapper to avoid consistently losing large sums of money.
How Do Sportsbooks React to Whales?
If you think for one second a whale could go unnoticed and bet into bad lines, you are sadly mistaken. Sportsbooks know every single thing that goes on in their facility and that includes knowing who the whales are. Sportsbooks will typically accept a whale's action but will deal with it accordingly. Some whales, who are actually good handicappers, have the ability to shift a line substantially with a single bet. Whales without any serious handicapping skills won't have much effect on the line, especially when they decide to wager on a game that is very highly bet and has national media coverage.
As a casual bettor, you will very rarely come across a whale that is successful. If you were in a position to wager $50-100,000 on a game, I'm sure you would want to keep a low profile. The successful high rollers go about their business in a quiet manner and draw no attention to themselves. On the flip side, whales such as Floyd Mayweather, love flaunting their riches and their bet slips to the masses. Unfortunately for Mr. Mayweather, his betting record probably has double the amount of losses than his boxing career has wins.
Doc's Sports is offering $60 worth of handicapper picks absolutely free - no obligation, no sales people - you don't even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc's Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today .
Units are a normalized way to to compare win amounts between bettors while removing the stake size. Units are commonly be a percentage of bankroll or a fixed value.
If you are making picks for money, then the amount you are risking should be a function of your total budget and how comfortable you are with the prospect of losing the money you risk.
If you are risking a couple bucks per pick, comparing your results with your buddy that is risking hundreds per pick is a pretty useless comparison. In dollar terms, it's like comparing apples and oranges – there is no point.
However, the amount of money involved doesn't speak to how successful you are with your picks compared to your buddy. If you both make picks in the same 10 matchups, you might end up picking 8-2 and up a little bit, while your buddy picks 6-4 and is up a lot! If we remove the money aspect, you are still picking better than he is!
To put everybody on the same page, a common denominator is used, referred to as units.
What Does 100 Unit Bet Mean Median
The money you use to make picks is referred to as your bankroll.
Let's assume it's 200.
Most handicappers generally advise to make your unit size equal to 1% of your total bankroll. 1% of a 200 bankroll is 2, so that's our unit size, and we have a total of 100 units in our bankroll. Make sense so far?
For those 10 matchups you and your buddy picked winners for, let's assume that the odds for each matchup were 2.00 to keep things simple.
You decide to risk 1 unit on each matchup, so you're risking 20 in total (10 picks * 2 per unit). You went 8-2 on your picks, so you received the 16 back that you risked on the winning picks, and you also receive 16 back as profit. You risked 20, and were returned 32 which gives you a profit of 12. Because your unit sizes are 2 each, you are said to be up 6 units, even though you're only up 12 in dollar terms.
What Does 100 Penalty Units Mean
If you saw odds of +150, you would know that a $100 bet could return $150 in winnings, plus the initial stake of $100. If you saw -150, you would know you need to stake $150 to return $100 in winnings, plus the initial stake of $150. An even money wager (where you stand to win an amount equal to your stake) is expressed as +100. A popular term in sports betting is 'unit' and below I will explain what bettors mean they refer to a unit, and examples of it being used. A 'unit' in sports betting is a measurement of the size of someone's bet.
I wish I could tell you where the word originated from, but it's one of those things that has just stuck over time. If you think about the ultimate gambling/strategy game, poker, you will notice the use of a lot of aquatic phrases. For example, a bad player is called a fish and a really strong player is a shark. I guess'whale' fits with the theme.
Are Whales Good Bettors?
Just because whales have six (or ten) stacks of money to throw around on random bets throughout the day, doesn't mean they are good bettors. What are the different types of bingo games. The majority of the time, they aren't and are just looking for any excitement they can get and can only bet big because of their massive bankroll.
Say a bettor has a 10K bankroll. He could split that bankroll into 100 units of $100. A unit should represent a tiny part of your bankroll. 1% is ideal, but not everyone can work like that. If a guy has a $200 bankroll, splitting it into a bunch of $2 units can be an excruciating grind.
Sure, winning a $500,000 bet and collecting 454,545 would be a dream to any casual bettor, but a whale doesn't need that $450,000+ profit to sleep easy. The reason a whale bets big is because they like the attention they get within the sportsbook and even more than that, they like the perks of the sportsbooks. These perks can range from free drinks (definitely free drinks), to limousine use, to private jet use and any other lavish perk you can think of.
- May 13, 2020 A $100 bet on Fractional (1/1) American (+100) or Decimal (2.0) odds would return a $100 profit. Exotic Bet: Betting options beyond point spreads, moneylines and game totals.
- These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers.
If you want to tail a 'whale', your best course of action would be to find someone who has been in the game for a long time. The experience they would have could be good enough to gather a few helpful pointers. After all, if they are still doing it, chances are they are a decent enough handicapper to avoid consistently losing large sums of money.
How Do Sportsbooks React to Whales?
If you think for one second a whale could go unnoticed and bet into bad lines, you are sadly mistaken. Sportsbooks know every single thing that goes on in their facility and that includes knowing who the whales are. Sportsbooks will typically accept a whale's action but will deal with it accordingly. Some whales, who are actually good handicappers, have the ability to shift a line substantially with a single bet. Whales without any serious handicapping skills won't have much effect on the line, especially when they decide to wager on a game that is very highly bet and has national media coverage.
As a casual bettor, you will very rarely come across a whale that is successful. If you were in a position to wager $50-100,000 on a game, I'm sure you would want to keep a low profile. The successful high rollers go about their business in a quiet manner and draw no attention to themselves. On the flip side, whales such as Floyd Mayweather, love flaunting their riches and their bet slips to the masses. Unfortunately for Mr. Mayweather, his betting record probably has double the amount of losses than his boxing career has wins.
Doc's Sports is offering $60 worth of handicapper picks absolutely free - no obligation, no sales people - you don't even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc's Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today .
Units are a normalized way to to compare win amounts between bettors while removing the stake size. Units are commonly be a percentage of bankroll or a fixed value.
If you are making picks for money, then the amount you are risking should be a function of your total budget and how comfortable you are with the prospect of losing the money you risk.
If you are risking a couple bucks per pick, comparing your results with your buddy that is risking hundreds per pick is a pretty useless comparison. In dollar terms, it's like comparing apples and oranges – there is no point.
However, the amount of money involved doesn't speak to how successful you are with your picks compared to your buddy. If you both make picks in the same 10 matchups, you might end up picking 8-2 and up a little bit, while your buddy picks 6-4 and is up a lot! If we remove the money aspect, you are still picking better than he is!
To put everybody on the same page, a common denominator is used, referred to as units.
What Does 100 Unit Bet Mean Median
The money you use to make picks is referred to as your bankroll.
Let's assume it's 200.
Most handicappers generally advise to make your unit size equal to 1% of your total bankroll. 1% of a 200 bankroll is 2, so that's our unit size, and we have a total of 100 units in our bankroll. Make sense so far?
For those 10 matchups you and your buddy picked winners for, let's assume that the odds for each matchup were 2.00 to keep things simple.
You decide to risk 1 unit on each matchup, so you're risking 20 in total (10 picks * 2 per unit). You went 8-2 on your picks, so you received the 16 back that you risked on the winning picks, and you also receive 16 back as profit. You risked 20, and were returned 32 which gives you a profit of 12. Because your unit sizes are 2 each, you are said to be up 6 units, even though you're only up 12 in dollar terms.
What Does 100 Penalty Units Mean
Say your buddy has a bankroll of 10,000, and a unit size of 100. He also risks 1 unit per pick, so he's risking 1,000 in total (10 picks * 100 per unit). He went 6-4 on his picks, so he was returned the 600 that he risked on the winning picks, plus the 600 in profit for picking 6 winners. He risked 1,000 in total and received back 1,200, so his profit is 200 in dollar terms. However, in unit terms, he is said to be up 2 units, as he uses a unit size of 100.
What Does 100 Unit Bet Mean Absolute
Bottom line? Planet 7 casino review 2018. You are up 6 units, and your buddy is up only 2 units, so you outclassed him this time despite the fact that he actually has 188 more than you in dollar-value profit!
