A friend explained it to me while we were watching a tournament together, and it finally made sense. Live betting simply means the available options and odds can change while the match is being played instead of staying fixed from the start. For example, after a wicket falls or a partnership grows, the expectations for the game can shift, so the available markets are updated. I found it easier to understand once I followed a full match and watched how things changed from over to over. Even without placing anything, it was interesting to see how quickly momentum affected the predictions. Since then, I usually pay more attention to the flow of the game because it helps me understand why those changes happen.