What is a Betslip?: How to Fill in a Betting Slip

A betslip is the ticket or coupon on which you build your wager before placing it. You and your sportsbook use this betting slip to record and track sports wagers.

The betslip is part online shopping cart and part payout calculator: You fill it out with what you'd like to purchase, and it shows you what you get in return for the associated cost. In this case, you're paying for potentially higher winnings and the entertainment value of seeing if your predictions are right.

You can place multiple wagers in each betslip or submit multiple betslips—whatever you prefer. Online sportsbooks build their terms of use into the bet builder so you can feel secure knowing you're sticking within the book's parameters, like selecting the correct number of parlay legs.

While the display will differ slightly based on which sportsbook you choose and the bet you place, the core elements of your betslip will look the same as you build your bet:

• Market: The outcome you are wagering on.
• Odds: The odds associated with that outcome happening.
• Stake: The amount of money you're betting on that outcome happening at those odds.

Based on these three factors, most betting apps will automatically calculate the total cost and payout if you win your bet.

Online betting platforms sometimes let you change the odds format displayed throughout your screen, though most U.S. sites default to American odds.

If the odds are positive, they represent the less likely outcome. The number associated tells you how much you would win on a $100 bet.

If the odds are negative, they represent the more likely outcome. The number associated tells you how much you'd have to wager to net $100 with a win.

It's important to remember that odds are dynamic; they change. When you submit your bet, you lock in the price as it is now, unless otherwise stated on the betslip.

When you select a market to bet on, it will be automatically added to your betslip, which will stay active on your screen until you decide to submit it. That makes it easy to keep track of your betslip and the wagers within it.

Once you've submitted your betslip, you can find your pending and settled bets in your player account.

Placing a sports bet online is far easier than in person. It is a simple, efficient process, and you will quickly understand it, as the best sites are extremely intuitive and user-friendly.

1. You simply search for the match or tournament you are interested in.
2. You will be presented with a wide range of betting options laid out in a neat, easily accessible format. A physical coupon in-store will only offer a limited number of markets, whereas you can often find hundreds of intriguing bets on a single match at leading online bookmakers.
3. You simply click on a bet that appeals to you, and a betting slip to the right of the screen automatically opens.
4. You can enter the amount of money you wish to wager in a box next to your selection, and it will tell you how much profit you stand to earn.
5. You can add as many bets as you like to the slip and remove any you are unhappy with before clicking “Place Bet.”
6. The system will then give you a receipt and tell you your potential return.

You can place moneyline bets, point spreads, over/unders, prop bets, and futures within your betslip, either as a standard single bet or as a parlay.

Betslips look and function relatively similarly across different bet types, but there are some important distinctions that you should consider.

Search for a sporting event that interests you, find a bet that appeals to you, and tap on it. That selection will be added to the betting slip that appears to the right of the screen.

It’s as simple as that.

For a parlay, find another bet you like the look of, tap on it, and it will appear underneath your initial selection. Keep doing this as many times as you like.

At the bottom of your slip, there will be the option for a parlay bet. If you have chosen five selections, it will read “Five-leg Parlay,” “5 Fold,” or something similar.

You add your stake in a white box in that section of the betting slip and then click “Place Bet.”

You will be given a receipt showing the payout you will receive if all your selections are correct.

Round robins and teasers take parlays to the next level. A round robin bet is essentially a parlay made of parlays: You combine multiple parlays into a single betslip. Teasers are parlays made up solely of point spread wagers, where you can pay to adjust the lines in your favor. The trade-off usually involves some of your winnings being taken off the top.

When building your bet, you'll see a tab marked "Round Robin" or "Teaser" to adapt your parlay. You can enter different stake amounts for each parlay, and your potential payout will be calculated automatically.

Depending on the sportsbook, some extra features might be available within your betslip that allow you to alter or enhance your wagers.