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Let's say you were in a casino or something.

You want to bet 140 dollars, but they only accept 100, 200, 300, 400, and so on.

If I say, "The wager can only be in the hundreds", would that make sense?

Is there any other way to say it? I feel like I should use the word "minimum unit" or just "unit".

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The expression in the hundreds signifies any number greater than 200 (and presumably smaller than the thousands. So it doesn't mean what you want to say.

I suggest that either in units of 100 or in round hundreds would convey your meaning.

https://www.helpingwithmath.com/by_subject/place_value/rou_nearest100.htm

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    I would add in multiples of 100 as another common way to express this, used with a similar frequency to units. Ngram
    – Jacob
    Commented Mar 3, 2020 at 15:28

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