
In-play betting (live betting) is wagering on sporting events after they have started, with odds recalculated continuously as the action unfolds — next goal, current-set winner, match outcome at any moment.
In mature markets, in-play is widely reported to generate the majority of sportsbook turnover on headline sports, because it converts a single pre-match decision into dozens of betting moments per event. It is also the most technically demanding product in iGaming:
Product features cluster around it: cash-out (settling a bet early at current value), live streaming, and live bet builders.
Why it matters: in-play is where sportsbook engagement, margin and risk all concentrate — and its quality is almost entirely a function of the supplier's feed, models and infrastructure. It is the sharpest test to apply when evaluating any sportsbook supplier.