For this reason, many bettors prefer to use online slips. Of course, in order to protect yourself from scams and unfair betting terms, you should stick to legal and regulated sportsbooks.Īnother difference is that digital slips allow you to track your bets and see how much money you have won or lost. The paper slip must be submitted to the sportsbook for approval, while the online slip is submitted electronically. The most obvious difference between these two types of slips is that one is a piece of paper and the other is a digital copy of your bet. The Difference Between a Paper and an Online Slip

This number is assigned automatically when the bet slip is filled and is located in the top-left corner of the sheet. In order to track a bet, the sportsbook will need to know the reference number on the slip. Bettors save the betting slip picture on their phones to keep the reference number. The bet slip also includes a unique reference number, which is used to track the bet and determine whether the punter has won or lost. If the bet is approved and wins, the sportsbook pays out the winnings to the bettor. It’s paramount to double-check that the wagers and odds are correctly entered. The bettor fills out the sports betting slip by selecting the type of bet and the amount of money they wish to wager before submitting it to the sportsbook. For each type of wager, there is a corresponding set of odds. The slips are available at brick-and-mortar bookies or online and list the different bet types. The slip shows you exactly how much you stand to win. If the odds are 5/1 when you place a bet on a specific team a couple of days in advance, they might change to 7/1 just before the game gets underway. They change depending on how other bettors place their wagers until the event starts. You can leave the odds off the sports betting ticket if you take the starting price. Fixed odds or those offered by the sportsbook at specific times should be written down.

Think of a betting slip as your shopping cart: you select the sports event and choose a bet type after shopping around for the most favorable odds.

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