Bet Slip Definition: What Is a Betting Slip at Bookies?

Lina Almans

Upd 9 days ago

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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.