Live Races with Bets are an ongoing, never-stopping race ladder where you compete 1 on 1 in a drag or drift race against other players in real time. Before the race starts, you can place a bet on yourself and win lots of cash or even some gold!
After the race is finished, you will see how your current rating, represented by stars and a number, have been affected. The higher the rating, the better! Bear in mind that every car has its own rating, and you will need to start from 0 every time you put your new car to the test in this mode.
In the Windows version of the game, during Live Races, you'll only encounter a bot opponent. It's a technical restriction unique to this version.