Abstract: Methods and systems for dynamic determining of odds for live events betting. In accordance with an embodiment of the present invention, a computer system determines odds of a micro event within a live event. The determination is based on at least one dynamic factor that is updated during the live event. In addition, the odds of the micro event are presented to a user of a live events wagering application. The odds may be determined on the same computer system that presents the odds to the user, in some embodiments. The odds may be determined on a second computer system, and the odds transmitted wirelessly to a first computer system that presents the odds to the user, in some embodiments.