Abstract: Systems and methods are provided for high frequency wagering in a game with incremental play events, comprising: receiving a real-time stream of game data for a live game; analyzing the game data to detect a betting event associated with a play event about to take place in the live game; transmitting, to a participant device, a plurality of options associated with an outcome of the play event; receiving, from the participant device, an option indication selected from the plurality of options and option metadata corresponding to the option indication, wherein the option metadata comprises a timestamp of when the option indication was transmitted by the participant device; and accepting the option indication based on a comparison of the timestamp and a betting window configured to close before the outcome of the play event is determined, wherein the betting event is detected and the option indication is received without interrupting the live game.