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Betting in play is a form of betting which allows the bettor to place a bet after the event in question has started. The possible downside of betting in play is that it requires a high degree of discipline if a bettor is going to emerge with a profit at the end of an event.
Technically, betting in play – also known as live betting or in-running betting – could be applied to virtually any event, but it is particularly popular amongst gamblers following horse racing, football and basketball.
There are a huge number of events on which it is possible to place a bet once the action has started. The odds on any particular event will shift as more bets are placed and the circumstances alter. In a tennis match, for example, a bet could be placed on factors such as the total number of games in a set, the number of games won to deuce in a set or match and even the winner of the next point. Advances in betting technology, particularly online streaming, make it possible to follow the ups and downs of a match, to spot when a player may be tiring or hitting a dip in form, and to bet accordingly.
During a football match, bets can be placed on the next player to score, the eventual winner, the half time result and even the next team to be awarded a corner. In most cases, the nearer to the end of an event it is, the higher the odds will be on things which haven’t happened yet, such as a particular player scoring a goal.
In general terms, betting in play offers more betting options, but requires a degree of discipline and probably more working knowledge than a simple win, lose or place bet.