We all have what we consider a unit. It depends on the size of our respective bankrolls. For example, if you have a $10,000 bankroll, one unit would be $100 or $200, depending on how big you want your risk of ruin to be. Typically a unit is between 1 and 2 percent.
charliem's unit is $40, but the amount is immaterial. In this case, Fez is saying to bet 10 units, with the expectation that he'll be buying back at post. He's anticipating the line will continue to go up, and he is shooting for a middle.
Over the years, the markets have gotten really tight. The same tools we use to handicap? They're no secret to the books. The lines are just much better than before. But people still chase steam. Let them. If we can anticipate a game that will receive one-sided action, we get on one side at the beginning, and then take the other side at the end.
Expect him to put 5 or 6 units on under 62 or 63 at kickoff. One thing that hasn't changed is you don't want to risk more than a few percent of your bankroll on any outcome.