Bet Slip Definition: What Is a Betting Slip at Bookies?
Lina Almans
19 March 2024
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A bet slip (betting slip, betting coupon) is a tool for creating and managing your bets on sports events. You can use it to make different types of bets: straights, parlays, systems, teaser, and other.
Here is what a betting slip has in it:
What It Has | What It Shows |
Events | The sports and markets you have chosen to bet on |
Odds | The probability and payout of each event |
Stake | How much money you wagered on each bet |
Potential Payout | How much money you can win |
Bet Type | What kind of bet you made (single, parlay, etc.) |
Date & Time | When you placed the bet |
Bet Slip ID | Unique identifier for your bet |
Odds Settings | Your choice on odds changes: any, higher, or none |
Confirm Button | Lets you finalize your bets after checking the details |
Edit Bet* | Change bets: add, swap, remove selections; adjust stake |
Cash Out* | Option to settle a bet before the event concludes |
Banker Bet* | Marked with ‘B’, most confident pick that must win |
Note: Features marked with an asterisk (*) may not be available at all bookmakers.
How a Betting Slip Looks at Different Bookies
Let’s take a look at how a betting slip looks at different bookies: from left to right, you can see the bet slips from Stake.com, 1xBet, and Ladbrokes.



Edit Bet Feature
This feature allows you to make changes to your unsettled bets. Different bookmakers offer different options when it comes to altering your bet.
Here’s what you can do:
- Add Selections
- Swap Selections
- Remove Selections
- Change Bet Type
- Change Stake amount
Some betting sites with bet editing features: Bet365, BetMGM, Bwin, 1xBet (only in mobile apps), Vbet, Ladbrokes.

Adjusting Odds Settings on Your Betting Coupon

When you’re ready to place a bet, you’ll find an icon on your bet coupon — often resembling a gear or cog. Tapping this icon opens up your betting odds settings options, where you can tailor how your bet responds to odds changes:
1. Accept Any Odds: Select this for the quickest live betting experience. Your bet will be placed immediately, regardless of any odds changes.
2. Accept Higher Odds Only: Choose this to ensure your bet only goes through if the odds get better, giving you a chance at higher returns.
3. Do Not Accept Odds Changes: Opt for this if you want your bet to remain unchanged. If the odds shift, your bet won’t be placed.
BetSlip Online vs Offline
You can use a betslip online or offline, depending on where you bet.
Online Bet Slip | Offline Bet Slip |
Electronic form that you complete and send online | Paper form that you write and hand over to the cashier |
Calculates your return and profit automatically | Needs manual calculation or cashier’s help |
Allows post-submission edits at some bookies | Once submitted, changes are not permitted |
Updates the odds and lines live | Keeps the odds and lines fixed at the time of betting |
Saves your betting history online | Asks you to keep your betting receipts |

How to Fill Out a Bet Slip in 5 Easy Steps
Filling out a betslip is simple and fun. Just follow these steps:
- Choose events: Find the event you want to bet on and click on the ‘Odds’ (for example, 1.83) to add that selection to your bet slip.
- Choose bet type: After adding at least 1 selection, your bet slip will display all the bet types you can make (singles, parlays, round robins, etc.), along with the most up-to-date odds.
- Enter your stake: Put the amount of money you want to wager on your bet slip to see the potential returns and the total cost of your bet. You can adjust the stake for each bet.
- Confirm your bet: Check the details of your bets: odds, stake, and potential payout. If you are happy with them, click on the ‘Place Bet’ button to confirm.
FAQ
What is a bet slip?
A bet slip (aka betting slip) is a tool for creating and managing your bets on sports events. You can use it to make different types of bets: straights, parlays, or systems. Not only does it allow you to place your bets; it keeps track of them after, too.
How do I fill out a betslip online?
To fill out a bet slip online, you need to choose the events and markets you want to bet on, select the type of bet you want to make, enter the amount of money you want to wager, and confirm your bet.
How can I use a bet slip to make different types of bets?
On your bet slip, you can switch between different types of bets by clicking on them (singles, parlays, round robin, teaser).