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What is Live Betting? Live betting goes by many names. Depending on the sportsbook, you might see it called in-play or in-game betting. They all mean the same thing, which is betting on a contest that's underway. Whereas pre-game bets are processed before a contest starts, live bets happen amid the action.

Thrifty. Thrifty is when you won a round spending less money than other team. Time-out. A thirty-second break between rounds that allow for both teams to communicate with their coaches. Trade.