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In-Play is betting that takes place after an event has started and up to its conclusion. Obvious examples are a football or cricket match or a horse race.
Other bookmakers sometimes call it live betting whereas on Betfair it has also been known as in-running betting in the past. The first is that In-Play betting allows you to assess what's going on before placing your bet.
All the research and reading of stats in the world can only get you so far and sometimes it's preferable to just watch the action for a bit before deciding who your money is on.
The second is that In-Play betting allows you to trade your position and if you get it right, will allow you to achieve a green book, where you win on all outcomes, or at least don't lose on any.
For example, if you've backed Manchester United to beat Chelsea and United go a goal up, you may decide you want to lay off your stake at a shorter price, just to be sure.
Check Betfair's brand new In-Play Homepage that will tell you all the upcoming events that will be going In-Play that day.
If an event is offered In-Play does that mean that all the markets on it will automatically be In-Play?
Match odds or winner market as the case may be will always be In-Play on those events but as regards the other markets, you'll have to check the 'grey text' the information on the right hand side of the market to see if the other individual markets also go In-Play.
If you want to know if a market is currently In-Play, look out for the green tick just under the name of the event.
If it's there, the market is In-Play. The main sport where that would happen is football where the markets are actively managed by Betfair.
For almost all matches, all In-Play markets are suspended when there's a red card, a penalty or a goal to protect users who have left prices up.
In the case of a red card or a goal, all bets currently up are cancelled and then the markets are re-opened. If a penalty is awarded the markets will be suspended but if it's missed they will be re-opened without the bets being cancelled.
If the penalty is scored, it will be obviously be treated like any other goal see above. Betfair sometimes offers football matches In-Play which aren't actively managed, meaning that the markets aren't suspended at any time and it is the customer's responsibility to monitor their own bets.
A good example of this are matches from The Championship, Serie B and the Scottish Premier League which aren't shown on UK TV channels. In-play wagering is currently available for game-specific wagering opportunities.
There are no individual in-play wagers available for specific player propositions. The types of in-play wagers could and should change in the future.
Like traditional pre-game odds, every sportsbook could have different in-play odds. The probability of the in-play event occurring comes from a proprietary algorithm from the sports wagering app software developer.
In-play odds may be different even if sportsbook operators use the same mobile wagering app and algorithm for their in-play odds.
This would be a lot of work and nearly impossible for individual bookmakers. Thanks to advances in technology, computers can process all of this in a matter of seconds.
In play bets take place via mobile sports betting apps. Bettors have to be very focused on both the game and odds screen when placing in-play wagers.
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Stick to the flat sports betting style. With mass use, some unpredicted errors are possible both on our side and on punters.
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