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In-play betting, also known as in-running or live betting, is betting while the event is actually taking place. For example, placing a bet on a horserace while the race is being run, or on a football match whilst it is being played. This form of betting takes place most often on sporting events.

In-play or in-running betting - Gambling Commission
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What is the Runline? The runline is baseball's version of the point spread. When betting on the runline, the favorite is -1.5 runs on the spread, with the underdog at +1.5 runs. Betting on the favorite requires your team to win its game by two or more runs.

What is a Run Line Bet? How to Bet the Run Line - WagerTalk
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