What is Pre-match Betting and Live Betting?

Definition: These terms describe when a bet is placed relative to the event.

Pre-match (Pre-game) - bets placed before the event starts. Odds are generally more stable and markets are fully listed in advance.
Live Betting (In-play) - bets placed during the event. Odds update in real time based on match dynamics (score, time, momentum). Markets may be temporarily suspended during key moments (e.g., a penalty) to manage risk and latency.

Related Terms

Implied probability is the chance of an outcome expressed by the odds. It converts a price into a percentage.

Odds Formats (American, Decimal, Fractional)

Odds formats are different ways of writing the same price. A sportsbook front-end can display decimal, fractional or American odds depending on the market and player settings.

Fixed Odds

Fixed odds betting is a model where the price is agreed when the bet is placed. The payout is calculated from those odds, even if the market price changes later.

Wager (Stake)

A wager is a bet placed on an outcome. The stake is the amount of money committed to that bet. In everyday use the two words are often interchangeable.

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