What are bet slips at online sportsbooks? How do you use them to bet on sports and other events? Why do bettors need betting slips to place their wagers? Learn answers to these questions from our guide.
Bet slips are one of the most important parts of all betting sites. However, this tool is often underappreciated by bettors. In this guide, we will explain everything you need to know about bet slips at online sportsbooks. Why? Because no bet can be placed at online sportsbooks without bet slips.
About betting slips
What are bet slips at online sportsbooks? A bet (betting) slip is some kind of ticket where bettors can add, review, and modify their bets. It shows all the information about the bet: market, odds, amount one wagers, estimated payouts, and so on. In other words, bet slips include a summary of all bets you want to place on the website.
Typically, bettors can find their bet slips on the right of the main sportsbook page. It looks like a small square or rectangular table with all the information about your current bet. One can add bets to his slip without having an account just to learn how it works. However, to proceed with the bet and play for real money, you need to be signed up for the sportsbook. To do so, you need to create an account, place your first deposit, and start betting on sports!
Purpose of bet slips at online sportsbooks
Bet slips are not only used as a receipt or a so-called “shopping cart” at online sportsbooks. They also help bettors to build different types of bets including:
- Moneylines
- Point spreads
- Over/unders
- Totals
- Parlays
Moneylines on bet slips
Moneylines or moneyline bets are the most common bets to make at online sportsbooks. They are straightforward bets that are made directly on the winner. If you choose to make a moneyline bet, it will be added to your bet slip and show the odds, the sum you bet, and your potential profit. Also, bet slips can be used as odds calculators at some betting sites.
Point spreads on bet slips
Like moneylines, point spreads help to predict the winner, but by defining the margin of victory or loss. Also, just like moneylines, this type of bet will show all you need to know about your pick along with the odds change. This option isn’t usually available for straight bets, but point spreads can be modified right in your bet slip.
Over/unders on bet slips
Bet slips at online sportsbooks are quite useful when it comes to over/under bets. This bet helps to predict whether a team or individual scores a certain number of points or more/less. Bet slips will alert you in the case of any changes as well as allow you to track changes of over/unders during live betting.
Totals on bet slips
Totals are special bets where bettors determine the total number of points scored by two participants to be higher/lower than the number set. Read more about them at online betting guides for beginners. Like most bets, totals can be modified in your betting slip.
Parlays on bet slips
Parlays are known as multiple wagers within one bet are the main reason why bet slips exist. If you don’t know what parlay is, this is a bet where all outcomes need to be predicted correctly in order to bring profit. To build a parlay, bettors need to press the “Parlay” button somewhere on their bet slips.
