League of Legends Odds: LoL Betting Lines 2023

Learning how betting odds operate is the first step toward understanding esports betting. Thankfully, in their basic principle, betting odds operate similarly, no matter if you're betting on soccer or League of Legends.

Top Bookies With Highest League of Legends Betting Odds

Nothing beats seeing the odds offered by the best LoL betting sites laid neatly in one list. There's no need to check all these sites one by one anymore manually. All of the esports betting sites on this list are picked based on their betting odds, betting bonuses, and other important factors that make them standout.

League of Legends Odds Explained

Since League of Legends is one of the most-played video games in the world, it boasts a long history of competitive matches and tournaments. Checking the odds for those past tournaments is essential as it gives a better understanding of the teams' historical performance. With that information, we can approach betting on League of Legends matches with more strategic intent.

League of Legends Worlds Championship Odds

The venue for the Worlds Championship is packed with viewers every year

LoL WC is the most popular tournament of this esports title. Since it's the most-watched esports event out of all esports, it makes it a welcome inclusion for virtually all bookmakers. Its massive scale makes it quite tough to engage in LoL Worlds betting without keeping a close eye on the international League esports scene.

Since the futures odds constantly change as new competitors emerge all around League's regional leagues, experienced bettors can bet way in advance to take advantage of higher odds. Beginners, however, should take their time to study the scene before placing their bets - that is safer and more efficient.

LoL MSI Odds

League of Legends features just two international events per year - at least for now. Mid-Season Invitational is practically a scaled-down version of Worlds. That doesn't mean MSI betting isn't popular - quite the opposite.

Check out the 2022's Mid-Season Invitational betting odds (data taken from GG.BET website on the 3rd of May).

As we can see, T1 was the clear favorite of the event, despite RNG having won the previous year's MSI. This overconfidence in T1 by the bookmaker's analyst could be exploited by the veteran punters who correctly predicted that RNG would win the champion's title. While most people go for safer options when betting on LoL with real money, going against the current can be more profitable - as long as you possess the necessary knowledge.

Past Winner Odds

Odds for past champions, or as we call them, LoL betting historical odds, are the odds for teams that won tournaments in the past. Analyzing these odds paints a clearer picture of favorites and runner-ups. You'll already know who to bet on when LoL esports betting if you do your homework! Let's take a look at some examples.

During Worlds 2021, the Chinese LoL team EDward Gaming was the underdog. They managed to win the grand final against the Korean roster DWG KIA, a much stronger team and the main favorites of the event. EDward Gaming had odds of +245, while DWG KIA had -350.

Sometimes the situation is even more unclear, and we can see such an example in 2019. The finals were unpredictable, as both teams, G2 Esports and FunPlus Phoenix, had similar odds. It was -120 for G2 and -105 for FPX, but FunPlus Phoenix destroyed its opponent with a 3:0 score.

No article about LoL esports can go without mentioning the longest-standing esports dynasty, T1. Previously named SKT T1, this organization holds the record for the number of World Championship golds and attendancies. T1 is the most popular and recognized esports brand worldwide with three champion titles. Pay close attention to their matches when betting on League! However, it's not unheard of for bookies (and fans) to hype T1 up a bit too much: for instance, they were the favorites of both MSI and Worlds 2022 but were stopped one step too short of the title both times.

League of Legends Esports Betting Odds Formats

The LoL esports betting odds are presented in 3 ways: Decimal, Fractional, and Moneyline (most commonly referred to as American). Bookies are usually tied to one specific type of odds, but international gambling websites, in most cases, are compatible with all 3 types. Some of the websites may let you choose the odds format, so you can place your bets and calculate your winnings most conveniently. Let's read about each type of odds in more detail below.

Decimal Odds

Bookmakers use decimal odds in most European countries, as well as in Australia, Canada, and New Zealand. Decimal odds are the easiest to understand. For example, Fnatic's odds are 3. It means that if the bet is successful, to calculate the winnings, you'll need to multiply the amount you bet by 3 (if you bet $10, you will get $30).

Fractional Odds

The second type of LoL betting odds is fractional. This type of odds is the most popular among British and Irish bookmakers. The name "Fractional odds" speaks for itself, meaning that these odds are based on fractions and written with a slash (/) or a hyphen (-). If the first number of fractions is higher, you will profit more if you win. For example, if the odds are 4/1, you will get $4 for every $1 wagered, plus the initial amount of stake, so $5 in total (if the initial bet was $1). If the odds are 1/4, wagering $1 will net $0.25 plus the original amount of stake, so the total profit will be $1.25.

American Odds

American odds are usually found on American or Canadian betting websites (duh). This type of LoL esports betting odds is pretty simple to figure out. American odds are written with plus (+) or minus (-). The plus sign means how much money you'll get with a $100 stake. On the other hand, a minus sign means how much funds you need to wager to get $100. Let's take a look at the example. DWG KIA's odds are -400, Fnatic's +400. If you bet $400 on DWG KIA, you will get $100 plus an initial stake ($500 total). If you bet $100 on Fnatic, you will win $400.

Try our odds converter here to familiarize yourself with how odds interact:

Live League of Legends Betting Odds

Live betting is the latest evolution of esports betting that fully takes advantage of real-time digital betting sites. However, it also changes how betting lines work. While in traditional esports betting odds are fixed in place as the event begins, live betting has odds fluctuate during the matches themselves depending on game states. Bettors need to keep a close look at how odds transform during matches, but, in return, it makes betting less of a risk.