Patryk Stachowiak
No team has a clean favorite tag heading into Shanghai — outright market has three teams bunched at the top and a wide-open field chasing behind them.
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With The International 2026 now underway in Shanghai, the outright market has settled into a shape that’s rare for TI: no single runaway favorite, and none of the three teams at the top of the board have ever lifted the Aegis. PARIVISION, Team Yandex, and Team Liquid sit closest to the front according to Cloudbet’s TI 2026 winner odds, but a genuine cluster of contenders sits just behind them, and Dota 2’s history of chaos means none of these numbers should be treated as settled. Here’s the full breakdown of where every team stands, what’s driving the odds, and where the value looks strongest heading into the group stage. A board this bunched, with plenty of room to move before the Grand Final, is exactly the kind of market serious volume bettors lean into, whether you’re backing an outright now or moving into Dota 2 live betting once the Swiss matches start. Cloudbet’s VIP program is built for that kind of volume, and will transfer status you already hold with another bookmaker.
The International 2026 Winner Odds: Full Field
| Team | Odds (Decimal) | Implied Win Probability |
|---|---|---|
| PARIVISION | 3.12 | ~32.1% |
| Team Yandex | 4.69 | ~21.3% |
| Team Liquid | 5.35 | ~18.7% |
| BB Team | 5.66 | ~17.7% |
| Team Falcons | 11.2 | ~8.9% |
| Aurora Gaming | 11.3 | ~8.8% |
| Team Spirit | 11.3 | ~8.8% |
| 1W (Iron Wing) | 17.1 | ~5.8% |
| LGD Gaming | 18.2 | ~5.5% |
| Xtreme Gaming | 32.4 | ~3.1% |
| Nigma Galaxy | 32.8 | ~3.0% |
| Vici Gaming | 42.9 | ~2.3% |
| OG | 84.6 | ~1.2% |
| GamerLegion | 84.6 | ~1.2% |
| Team Resilience | 101 | ~1.0% |
| L1GA (HULIGANI) | 253 | ~0.4% |
With sixteen rosters locked in, that spread translates directly into a market where every team above carries genuine odds to win it all — from the direct invites at the top of the board to the qualifier grinders at the bottom. It’s one of the clearer pictures of how a Dota 2 field this deep actually breaks down, and part of why a market covering all sixteen teams individually is worth checking before the group stage locks anything in.
Top Favorites: PARIVISION, Team Yandex, Team Liquid, BB Team
PARIVISION (3.12): The Team Nobody Can Ignore
PARIVISION sit at the top of board, and the case is straightforward: carry Satanic is playing like the best in the world right now, midlaner No[o]ne- is finally delivering the consistency that eluded him for years, and the addition of TI1 champion Puppey as head coach has sharpened a roster that was already stacked with talent in Noticed, Dukalis, and 9Class. The Esports World Cup title is the headline result, but it followed a slow start to the season that cost them a direct invite. The concern for bettors is precedent — PARIVISION dominated for most of last season before finishing third at TI 2025, so the pressure of the biggest stage remains an open question even at 3.12.
Team Yandex (4.69): The Most Consistent Roster in the Field
Team Yandex were assembled from scratch this season and have been arguably the most complete team in Dota 2 ever since. Captain Saksa — a TI champion from his Tundra Esports days — enables CHIRA_JUNIOR, Watson, DM, and Malady to play the best Dota of their careers, and the results back it up: titles at DreamLeague Season 27, PGL Wallachia Season 7, and BLAST Slam VII, plus a top-three finish at the Esports World Cup. Saksa is also playing with something extra to prove after his exit from Tundra, which adds a personal storyline to an already strong resume. At 4.69, Yandex offer one of the cleaner favorite bets on the board.
Team Liquid (5.35): Peaking at the Right Moment
Team Liquid’s season has been up and down, but their timing looks immaculate. A dominant run through 1win Essence II, the last event before TI, saw them sweep Team Falcons 3-0 behind standout performances from supports tOfu and Boxi. The two-time TI-winning organization has the pedigree — Nisha and miCKe already have a title from 2024, while Ace and tOfu are chasing their first after back-to-back runner-up finishes. A win here would make Liquid the first organization in history to lift three Aegis trophies, and 5.35 looks like fair value for a team hitting form exactly when it matters.
BB Team (5.66): Consistency Without the Star Power
BB Team (competing under this tag for BetBoom) have quietly assembled one of the most well-rounded campaigns of the season, capped by a runner-up finish at the Esports World Cup. The addition of Kiritych at carry drew skepticism early on, but he’s proven more versatile than his predecessor, farming when needed and joining fights early when the situation calls for it — a duality that lets gpk, MieRo, Save-, and Kataomi operate with confidence. BB Team’s history of mental fragility on the biggest stages is the one real question mark at 5.66.
Betting the TI 2026 Outright Market
For anyone deciding where to put money down, the value conversation tends to center on the gap between reputation and price. PARIVISION’s 3.12 reflects genuine dominance but carries real pressure-cooker risk given last year’s collapse; Yandex’s 4.69 looks like the steadiest bet among the favorites given Saksa’s championship pedigree and personal motivation; and Team Liquid’s 5.35 is hard to ignore given how they closed out the season. Further down the board, 1W and LGD at 17.1 and 18.2 offer a reasonable middle ground between safety and payout for bettors who think the top four is too crowded to be worth the risk.
FAQ: The International 2026 Winner Odds
Who is the favorite to win The International 2026?
PARIVISION are the favorite at odds of 3.12, followed by Team Yandex (4.69), Team Liquid (5.35), and BB Team (5.66).
Has any of the top four favorites ever won The International?
No. PARIVISION, Team Yandex, Team Liquid, and BB Team are all still chasing their first Aegis as an organization, though individual players like Saksa (Yandex) and Nisha and miCKe (Liquid) have won it before.
Which team has the longest odds at TI 2026?
L1GA (formerly HULIGANI) carries the longest odds on the board at 253.0, followed by Team Resilience at 101.
Can Team Falcons win back-to-back Internationals?
Yes — Falcons are priced at 11.2 to become just the second team in history, after OG, to defend the Aegis in consecutive years.
The gap between the top of this board and the rest of the field is narrower than most recent Internationals, which is exactly why the group stage carries so much weight this year — every Swiss-system result over the next few days should start reshaping these numbers fast.