A live or in-game bet refers to wagering on the outcome of a sporting event while it is ongoing, as opposed to pre-game betting, which occurs before the event starts. Live betting allows bettors to place bets based on the real-time dynamics of the game, such as team performance, momentum shifts, and changing odds that reflect the current state of play. This type of betting can offer unique opportunities, such as betting on the next point scored or which team will win a specific quarter, as conditions and player conditions evolve throughout the match. In contrast, pre-game betting relies on predictions based on pre-match analysis and statistics, where the odds are fixed before the event.