I am sure that since you began researching or reading about sport trading, you have been running into the term “In-play Betting, Live or in-running Betting”. They all refer to the same thing. In this article, I am going to demystify this for you. So come along with me.
1. What is In-Play Betting?
In-Play betting refers to the betting that takes place after an event has commenced and up to the conclusion of the event. Example, with in play betting, you can bet from the blast of the whistle till the end of the 90 minutes. Betfair and the other betting exchanges blazed the trend which has even been copied by some of the traditional bookmakers.
Some bookmakers call this Live betting or Live Bets. Betfair use to refer to this as in-running betting in the past.
2. What are the main advantages of In-Play to the punter?
The first is that In-Play betting allows you to assess what is 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 little while before deciding where to put your money.
Another advantage of in-play betting is that it allows you to trade your position and when correctly done will lead to your having a green book. Like I explained in the Betting Terms article, this is the best situation that a Trader can be in at the exchange.
3. How do I know if a particular event will be offered In-Play?
If you check Betfair Homepage and click on the In-play button, it will bring out all the Events that will go in-play. They will list it by the different sport categories e.g. Football, Horse Race, Tennis, etc.
If an event is offered In-Play, does that mean that all the markets on it will automatically be In-Play?
No. Not all the markets in a particular game or event will be in-play. You need 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.
In football for example whereas the likes of match odds, under/over 2.5 goals and correct score all go In-Play, other markets such as first goalscorer and corners odds markets don’t.
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.
4. Does Betfair ever suspend an In-Play market before the end of the event?
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 when a goal is scored.
Betfair sometimes offers football matches In-Play which are not actively managed. What this means is 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.
For most other sports the markets remain open until the end of the match, contest or race with a few notable exceptions. An example of this would be betting on who is going to win the first set in a tennis match – the market would be suspended at the end of the first set rather than at the end of the match.
5. What’s the advantage of betting In-Play on Betfair as opposed to doing so with another bookie?
For one, you always get better odds In-Play at Betfair than you will get with the Bookies. In addition to that, you can trade your position by backing and laying In-Play on Betfair and see what your profit and loss is on the market; it’s not only easier to guarantee a profit on Betfair than on other betting sites, it’s also a lot clearer to see what your exact position on the market is.
6. I want to bet In-Play but I’m not always in front of the TV so I can’t see what’s going on. What do you suggest?
You can watch hundreds of live events every week straight from your computer via Betfair Live Video, which is absolutely free as long as you have some money in your Betfair account.
Betfair offers over 1300 football matches a week and that number is expect to rise even further.
I hope you no longer will be confused when you read about the term In-play, Live or in-running Betting. I also hope you enjoyed this article. I want to write articles that people love when they read them.