Bet Slipping

Definition:

In sports betting, a bet slip is the digital or physical ticket that records the details of a wager. On online sportsbooks, it’s the section where bettors add, review, and confirm their picks before placing a bet. It shows the selected wagers, odds, stake, and potential payout.

They serve two main purposes:

1. Provide a clear summary of all active picks before confirming a bet.

2. Calculate the total stake, odds, and potential returns for single bets, parlays, or multiple wagers.

Real-World Example

• A bettor adds three picks to their online sportsbook bet slip:

  • Chiefs moneyline –150

  • 49ers –3.5 spread (–110)

  • Raiders vs. Chargers Over 45.5 (–110)

• The bet slip automatically shows the combined parlay odds (+470) and the potential payout.

• The bettor enters a $100 stake, reviews the slip, and confirms the wager.