Definition
A strategy's past results in units converted to dollars at a starting bankroll and unit size you choose, with flat staking. It is hypothetical: it replays the record, it does not predict future results.
Related terms
- Unit — A standardized stake (typically 1–2% of bankroll) used to track results independent of dollar amounts, e.g. +12.5u.
- Bankroll — The money set aside for betting. Units and Kelly stakes are sized as a percentage of it.
- Flat Betting — Risking the same fixed amount (1 unit) on every bet — the cleanest way to measure a true record.