A writer, journalist, gamer, and esports betting enthusiast,
A writer, journalist, gamer, and esports betting enthusiast,
League of Legends betting is one of the most popular esports across the globe. The popularity of the game means that many sportsbooks will offer odds on events. You should make sure that you understand League of Legends betting odds before jumping in.
Sportsbooks are still in the early stages of offering League of Legends odds. Many sportsbooks will opt to interpret prior game information and statistics differently and may offer varying odds depending on what bookmaker you choose. If you take the time and understand the offers presented to you as a consumer, you are likely to come out on top.
Strafe is an easy to use and reliable source of League of Legends betting tips and odds. You can stay up to date on your favorite teams and players through real-time updates, view the widest tournament coverage, and access deep statistics before, during, and after matches.
Strafe has developed its own ranking system which enables odds setting for every eSports match covered. We take a deep and focused approach towards eSports statistics. We want our users to understand everything that goes into placing a bet on an eSports title. Games like League of Legends have a lot more going on under the hood than the average person might guess.
We have an eSports database with live coverage of 58,000 matches, 12,000 professional players, 2,600 teams, eight different eSports titles and users across 150 countries. This deeper focus on statistics gives our users the leg up that they need to enter the eSports betting scene primed and ready to go.
The League of Legends World Championships are the biggest events in the eSports calendar for pro League of Legends players. It is the annual professional League of Legends world championship tournament hosted by Riot Games, the developer and publisher of the title, and is the culmination of each season.
The tournament has gained worldwide popularity and it remains one of the most watched, and most bet on, eSports events of the year, particularly for LOL live bets.
The sheer size of the tournament, and the number of teams competing for the Summoner's Cup and multi-million dollar grand prize means that many bookmakers have time picking a favourite.
There are some stand out teams that should have some good odds for the 2022 event.
The League of Legends Pro League (LPL) is the top-level professional league for League of Legends in China. Like every regional league of Legends event that is officially sanctioned by Riot Games, the top three finishers of the playoff tournament receive automatic bids to the League of Legends World Championship.
Gauging the odds on offer at several LPL betting sites will provide you with a better understanding of how high or low certain bookmakers currently view an LPL team. The lower the odds associated with a certain team in the League, the more likely it is to achieve a victory, at least in the opinion of that site.
The League Championship Series (LCS) is the top level of professional League of Legends in the United States and Canada. Like the majority of the most popular eSports tournaments in the League of Legends professional scene, it is operated by Riot Games. Each annual season of competition is divided into two splits, spring and summer, which conclude with a double-elimination tournament between the top eight teams.
This is the most popular league in North America, and it draws in punters from across the globe. The odds on offer for this event will heavily favour Team Liquid. They are the most successful team in recent LCS history, having won all 4 of the last LCS titles. Across the 9 year history of the event, Cloud9 finished Runner-up on 6 separate occasions.
Odds are a simple way of showing the numerical probability of an outcome occurring. Odds are calculated by bookmakers in order to make sure that they maintain a profit margin. League of Legends has had a historically stable and well organised competitive scene. It was one of the first eSports that offered real money betting opportunities.
Decimal odds are widely used online and around the world, because they are easier to understand than traditional fractions and provide more betting options. There are smaller increments available for those who use decimal odds. It is easy to work out the return on bets. They are far easier to read than fractional odds. These odds are more likely to be found offered on online betting sites and relatively newer bookmakers.
These odds are often used in the United Kingdom and Ireland. They are a far more traditional way of displaying betting odds than the newer decimal system. You can expect to see them in longer running and more old fashioned bookmakers. They show the potential profit should the bet succeed, relative to the stake. If $5 is bet at odds of 2/1 the potential profit is $10. You will receive $15 if you win, that is the stake of $5 and the profit of $10.
As the name implies, these odds are more popular amongst American bookmakers. They are often referred to as money line odds. The odds are shown with either a negative or positive format depending on the probability. They show how much money would be earned for a $100 bet.
Moneyline odds, often referred to as American odds, show how much the bettor will have to wager to win $100.
Moneyline odds always use a base value of $100 For favorites you risk the money to win $100, and with underdogs you risk $100 to win the amount. Favorites have a – symbol on their odds. The higher the value of the number, the better the chance the bet will win. Underdogs have a + symbol on their odds. The lower the value of the number, the better the chance the bet will win.
These sorts of odds are fast and easy to understand. If you want to have a better look at the decimal odds, there are many calculators online that can convert moneyline odds to decimal or even fractional odds.
League of Legends also offers spread or handicap odds in their eSports betting. These spread bets level the playing field in matches with a clear favorite. This means that you can safely bet on either team with relatively even odds.
To do this, the bookmaker or online betting site will give points to the underdog and take them from the favorite. This prevents a one sided betting scenario and prevents the match from becoming stale.
League of Legends matches are typically held in a best of three format. The spread is set at +/-1.5. This means that the team that is favored at the beginning of the match will have 1.5 points subtracted from their score at the end of the match, while the underdog will have 1.5 point added to theirs.
Arb Betting: Also known as Arbitrage betting, this is a tactic taken from the stock market. In the stock market Arbitrage means buying an asset in one market to sell it simultaneously in another market at a higher price. In betting you can translate this to betting on all the results of an eSports event to make a profit regardless of its outcome. To arb, you should bet with one bookmaker with a high price and bet against the outcome with a bookmaker with a lower price. This requires a bit more work than your average bet — and something bookies are not fond of at all.
Matched Betting: Matched betting allows you to use the free bet offer that many bookmakers give to new customers to make some money. Place a back bet at any reputable eSports betting site; then place a lay bet — a bet against the outcome — with a bookmaker or exchange that offers a sign in bonus or LOL promo code. By betting for and against the same outcome, you minimise the risk to yourself. Now you repeat the process with the free bet you receive, whatever the result, you are guaranteed a profit.
The same reason you would shop around before you committed to buying something. You want to get the best price. If you don’t take your time and stick with a bookie for your whole betting experience, even if you win you could be losing money by not taking the best odds or seeking out the most generous enhanced odds offers.
Opinion is split between whether or not you should use a free or paid odds comparison site. If you plan to use it sparingly and prefer to stick to a small number of bookies, a free site will work best for you. If you plan to take your betting a little further and make multiple bets on various different sites, you can pay for a premium plan that will provide you with more information about arb bets and value bets.
League of Legends betting odds, as well as others, can vary between bookmakers. If you have done your research about an upcoming tournament or event and believe you have the right pick, you don’t want to waste your bet on a site that offers weak odds. If you shop around a bit and compare, you could improve your overall experience - the same goes for Starcraft 2 betting or any other form of esports gambling.
Online odds are far more predictable than offline. They offer quicker and more up to date information than traditional offline bookies. This will not be a major issue for many eSport bettors but if you get the chance, the odds will be more accurate online. You might even be able to pick up some nice enhanced odds offers online, too!
Each bookmaker will have different experts for each eSport or event that they cover. These experts may have differing opinions on the outcome of events. There are also a number of different strategies that eSports betting sites use to calculate the odds they need to offer to make a profit based on the number of bets they receive per day.
Make sure that you always know the odds if you are planning to make a bet. It is always worth shopping around for the best odds, you don’t want to leave any money lying on the table. If you want to minimise your risk, you could take some time and try out some arbitrage or match betting strategies. Don’t get confused by the difference between fractional, decimal, and American odds. They all end up showing you the same thing, if one is more confusing than the other, you can always use a conversion tool.
Many eSports betting sites offer spreads or handicap odds, they level the playing field for under performing teams. Check out our dedicated League of Legends guide on how spreads work.
Different betting sites offer odds on various different outcomes in League of Legends games. You can bet on the winners or losers of esports matches but make sure you check out the odds offered on objective based betting.
One of the many questions asked is if you can bet on LoL, of which pages like ours specialise in answering — but the answer is much more likely than you think, given that most sports nowadays have associated markets.