Live odds refer to real-time betting odds that fluctuate during a sporting event, reflecting the current state of play and the likelihood of various outcomes. These odds are updated frequently based on factors such as team performance, player injuries, and game momentum, allowing bettors to make informed decisions as the action unfolds. Live odds enhance the excitement of sports betting, enabling fans to engage more dynamically with the event and capitalize on shifting probabilities. This interactive experience has become increasingly popular with the rise of online betting platforms.