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When you bet in sports, you may encounter round robin bets. You may also hear this type of bet called “notional bet,” which refers to the amount of money a bettor plans to stake on one of up to eight parlays. Generally, round robin betting involves betting on two teams in a three-team parlay instead of one.
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BlogFading is a term that refers to a strategy that takes a losing bet and makes up for it with a value bet. It was coined by Sun Tzu, a 5th century Chinese military strategist. He once said, “Patience is a weapon of great strength.” The key to fading the public is to choose the right moment to make your wager.
A unit is the average play in a game. If you were Player 1, one unit would be $100. If you were Player 2, one unit would be $10,000, and so on. However, if you were Player 3 you would be playing with only $10. Player 3 would think that Player 1 has not been very productive, as he would say he won two units. On the other hand, Player 1 would say he won two units. Therefore, Player 3 would realize that he has made $20,000 in his own terms.