Actually, live betting is extremely simple and there is not much to explain. The only difference from placing traditional bets is that in live betting you are able to bet on the event that is going on right now. That’s it, nothing can be added. It’s quite the same as traditional football betting in other terms. This type of betting is extremely popular nowadays, so you could be sure you will find events and profitable bets there on an everyday basis. You will bet on the fixed odd at the time you place the bet. There are only two major differences of live betting from traditional one: with first choice you will have additional wagers, plus odds on the event change every minute.
There are a lot of wagers that possible to place while the football match is live and would not be available with traditional betting. For example, it can be a goal scorer or time of the first goal. With traditional betting, it is possible to bet on the first goalscorer. In this case market is settle after the first goal. In live betting you can pick up every next goalscorer. It is common situation, when odds on traditional market start changing before the beginning of the event. Usually it happens after influential changes in circumstances. For example, top team do not line up their best players, so odds on the win most probably will increase. There could be a lot of reasons for this change: like injuries, disqualifications or even a scandal between player and a manager. Now, just imagine how much happens DURING the match that affect probability of various different outcomes. So, that’s why odds on live betting changes so often.