Explain It Like I'm in Fifth Grade
A pregame bet is placed before the game begins.
A live bet is placed while the game is happening.
Live odds can change quickly because the sportsbook reacts to:
- The score
- Time remaining
- Injuries
- Penalties
- Possession
- Player performance
A team that was favored before the game may become an underdog during the game.
Simple Example
Before a basketball game, Team A is -150 to win.
Team A falls behind by 15 points.
During the game, its live odds may change to +200.
The new odds offer a larger payout because Team A now appears less likely to win.
Why It Matters
Live betting gives you more information because you can see part of the game.
However, it also gives you less time to think, and odds can change before you submit the wager.
Biggest Beginner Mistake
A common mistake is making a fast live bet because of excitement, anger, or fear of missing out.
Playbook Tip
Set rules before the game. Decide which situations would interest you and how much you are willing to risk.
Important Rules to Check
Check:
- Whether the displayed odds changed before acceptance
- Live-bet delays
- Maximum wagers
- Suspended markets
- Overtime rules
- Cash-out restrictions
Quick Quiz
1. When is a pregame bet placed?
2. Why do live odds change?
3. Is live betting always safer because you watched part of the game?
Try it yourself
Put this lesson into practice with a free Parlay Assistant tool.