A very popular form of gaming entertainent, live betting lets a player put bets on certain aspects of an event as he/she watches the event unfold. This creates a more dynamic environment for the player who is likely to feel more involved with the game throughout its course. For example, a player watching a soccer match would be able to bet during the match on certain possibilities such as who will score a goal, the minute it will be scored, who will have the next throw, which team will score a goal in which minute, along with other more standard bets like which team will win the match and by how many goals.

Live betting is used famously in sports betting, but is not restricted to this form of gaming. Other events in which it can be used would be live events such as contests and pageants.