Live betting (in-play)
Live betting, or in-play betting, is betting on an event after it has started. The prices move with the score, the clock and events such as a red card.
Example
A side at 2.20 before kick-off shortens after scoring early and drifts after conceding, as its chance of winning from there changes.
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Related terms
HedgingHedging is placing a second bet against one you already hold, so the result is the same whichever way the event goes. It locks a result and gives up the upside.Cash outCash out is a bookmaker’s offer to settle a bet before the event ends, for a sum it sets. It locks a result, at a price that leaves the bookmaker a margin.