Submitted by rsteel on
Remember a unit is 2% of your bankroll. Your bankroll is the unencumbered amount of money you have allocated to this business. It is not money you need for essentials such as food and housing. Your unit is the amount you RISK on each play not the amount you can win. Flat betting risking the same amount on each game is the only way to long term success in this business in my opinion.
You should NEVER decrease your unit. Conversely there are 2 ways to increase your unit in this business. The first is from profits. Every time your bankroll increases by 50% increase your unit accordingly. In fact it is essential you increase your unit in order to grow your business. For example: Initial bankroll = 5K = $100 unit. When your bankroll grows to 7.5K = $150 unit. When increasing your unit you can take a conservative approach and stair step your unit up until you reach the next level. Increase your unit based on the above example $10 per week regardless of results until you reach the $150 level. Continue to repeat this process each time your bankroll increases by 50%.
The second way to increase your unit is if you decide to invest more money into your unencumbered bankroll. In this situation as well stair step to your new unit as to not make all your previous results irrelevant.
Patience, discipline, money management all key factors to success in this business or for that matter any business.