Real-time odds refer to the constantly updated probabilities or chances of various outcomes in sports events, casino games, or other betting scenarios. These odds are influenced by factors such as team performance, player injuries, and betting patterns. They help bettors make informed decisions by reflecting the current state of the event. Bookmakers and betting platforms use sophisticated algorithms to calculate and display real-time odds. This information is crucial for gamblers, as it can change rapidly based on new developments, such as a last-minute injury to a key player or a significant play during a game.