Even if you’re just getting into esports betting, you’ve probably heard the term “LoL odds” (or League of Legends odds). This is the cornerstone of LoL Betting online. And it’s because of odds that you can make sense of your chances of winning, expected returns, and the risks that come with your bets.
If you want to make a profit by betting on League of Legends matches, it’s important to understand how LoL esports odds work. Granted, the numbers can be daunting. But that’s exactly why we’ve prepared a nice and easy guide for you!
Live League of Legends Odds:
What are LoL betting odds?
In the world of esports gambling, odds are connected to the concept of implied probability. They express the chance of something to happen. Let’s say we’re talking about LoL Worlds odds for a fictional series between Fnatic and SKT T1. Both teams can come up with a win, but one is likely to be the favorite.
In this case, League of Legends bookmakers will analyze countless factors like recent performances, team histories, player statistics, head-to-head records, and more. By the end of the process, they’ll come up with the chance of each team winning the series. And that chance is conveyed through odds.
One of the most popular types of League of Legends betting odds is fractional odds. So if we were to go back to our example, a bookmaker might say that Fnatic have a 3/1 chance of winning their series against SKT T1. That is, for every 3 games they lose, they’ll win 1.
This isn’t the only way to express probability, and you’ll often have to make a LoL odds comparison for fractional, decimal, and even moneyline odds. We will go through them one by one on this page.
League of Legends Odds in comparison
League of Legends betting offers different odds for various tournaments and markets. Betway particularly, the provider of the odds as seen above, covers the LCS, LEC, LCK, LPL, and many other smaller leagues.
The major leagues (LCS, LEC, LCK, LPL) have a much larger audience, translating to more betting markets and a greater chance for punters to find some better odds to make a profit on. These four leagues are almost covered 100% of the time by all esports betting sites. As a result, there are many more options to bet with, especially for generic markets like match/set winner.
The forces bookmakers to compete with each other much more than less contested markets, driving more favorable odds for you, the punter. Large bookmakers like Betway understand this, and actively scour the web to stay competitive, ensuring you get great odds every time! So what’s the takeaway? As a casual punter, focus on odds for match-winners in the major leagues for better odds instead of smaller leagues and markets.
Looking to step your game up, and truly turn a large profit? Look at our tips below on the different markets to get ahead of bookmakers and only choose odds that favor you!
1. Match winner
The simplest and most common market, a bet on which team will win the game. While risky, a tip is to bet against big teams at the start of a league, as many fans expect the same standard of top tier performance, this is not always the case.
As mentioned, this market has the most favorable odds, especially in the major leagues.
2. First blood
The team to get the first kill. This is a great opportunistic market, as the favored team is not always most likely to take the first kill. Some League of Legends players are naturally aggressive in lane, affecting their chances of getting kills or being killed. Also, junglers have varying playstyles and champion pools, making some more likely to gank early to maximize the chance of claiming first blood for their team. These two are must consider factors to turn a reliable profit for this market.
3. First tower
The team to destroy the first tower. Once again, the chances for the first team to take down the first tower may not necessarily be the match favored team. Teams with a poor standing due to poor communication and team fighting may still have a strong early game with strong laners. Finding these opportunities will allow you to make calculated bets with a decent win rate along with high returns.
4. First dragon / baron / inhibitor
These markets are all very similar, betting on the first team to take down the respective objectives. Certain teams prioritize set objectives, with coaches and strategy of teams largely impacting their chances of taking first dragon, baron or inhibitor. Slower teams who favor scaling compositions would be favored with baron, while aggressive playstyle teams would most likely take the first dragon. Generally, early game orientated teams are most likely to take down the first inhibitor as they push for an early win, however, there are exceptions/trends to watch for e.g. T1 refusing to take inhibitors early despite being able too (to maximize their creep score/farm).
The below markets are completely dependent on chance, with odds favoring the bookmaker. These are ones to avoid in the long run, however, they are available to those who simply feel lucky and looking to make a quick profit.
1. First type of dragon
Guess the elemental type of the first dragon; Ocean, Infernal, Mountain or Cloud
2. Odd or even kills
Guess if the combined kills of the teams add up to an odd or even number.
3. Maximizing opportunity
To maximize opportunity, you must weigh the chance of winning to the return generated from certain odds. Essentially, making a profit is esports betting involves two parts, predicting the likelihood of a team winning, and through this, examining if the corresponding odds are favorable. Here, we do the hard work, predicting the likelihood of a team winning, all you are required to do is look at the odds and judge if it’s worth the bet.
Look at our factional and decimal odds explanation below for a more in-depth analysis.
Fractional odds are most commonly used for sports and esports betting in the UK. They’re easy to use and easy to understand. Moreover, you can translate them into implied probabilities (i.e. actual percentages) in the blink of an eye! For the same Fnatic vs SKT T1 series, the 3/1 League of Legends betting odds for Fnatic would be equal to a 25% chance of them winning the series.
Here’s how you get to that number:
3/1 = 1 / (3 + 1) * 100% = 25%
And then you can throw in more examples:
7/2 = 2 / (7 + 2) * 100% = 22.22%
11/4 = 4 / (11 + 4) * 100% = 26.67%
1/3 = 3 / (1 + 3) * 100% = 75%
1/18 = 18 / (18 + 1) * 100% = 94.74%
As you can see, if the number on the left is bigger, your team has a smaller chance to win. And if the number on the right is bigger, your team is a favorite. With that, you can quickly tell which team is supposed to win the matchup – at least, according to the bookmaker.
But what about the actual payouts? Well, things are pretty straightforward. The number on the left indicates the sum you’re going to get if you win, and the number on the right tells you how much you have to bet to get it. So if we—once again—turn to our examples:
3/1 – you bet £1, and you get £3
7/2 – you bet £2, and you get £7
11/4 – you bet £4, and you get £11
1/3 – you bet £3, and you get £1
1/18 – you bet £18, and you get £1
So if we make a LoL odds comparison, the second wager (7/2) would be the most profitable, and the last wager (1/18) would be fairly narrow. Of course, both of them will cost you money if your team loses. Oh, and while we’re at it, no one’s forcing you to make a bet for a fixed amount. And if you wanted to make a £15 bet for odds of 7/2, you’d just have to multiply the numbers:
£15 * 7/2 = £52.5
In the world of LoL esports betting, fractional odds are gradually being pushed out by decimal odds. The main reason behind the change is that decimal odds are even easier to understand. And it’s always nice to avoid convoluted math when you’re trying to make sense of your potential profits.
Also, decimal odds tend to include your winnings and your stake while fractional odds show winnings only. Basically, you get an accurate picture of the amount that will go to your account. Figuring out the implied probability is easy. All you have to do is divide a 100% by the decimal odds number:
4.0 = 100%/5 = 20%
3.5 = 100%/3.5 = 28.57%
1.75 = 100%/1.75 = 57.14%
1.2 = 100%/1.2 = 83.33%
The higher the number, the less likely you are to win. Easy.
And what about the returns on your investment? Well, you calculate that by multiplying the amount you bet by decimal odds. So if you wager different sums on the League of Legends betting odds of 1.75, you’ll get the following results:
£5 = £5 * 1.75 = £8.75
£10 = £10 * 1.75 = £17.5
£25 = £25 * 1.75 = £43.75
£44 = £44 * 1.75 = £77
Keep in mind that this isn’t just your winnings, it’s also your stake. So the final number reflects the entire sum that goes to your account. With fractional odds, you’d have to add your initial stake manually.
Moneyline (American) LoL esports odds
Moneyline (or American) odds are primarily used in the USA. They’re a bit more complicated, hence their diminishing popularity. Still, you might encounter them on some online bookmakers, like Rivalry.com, Arcanebet, and Buff.bet, so it’s a good idea to get familiar with them.
Moneyline odds fall into two categories: positive (+) and negative (-). The positive ones showcase how much money you would make by betting a $100. So if you see LoL esports odds of +175, you know that a $100 bet would return $175 as winnings.
On the other hand, negative moneyline odds display how much money you need to wager to win $100. So if your League of Legends betting odds are -120, that means you can bet $120 to win $100. Now, here’s how you calculate both types:
Positive moneyline odds: Stake * (Odds / 100) = Your Winnings
Negative moneyline odds: Stake / (Odds / 100) = Your Winnings
Just remember that your initial stake isn’t included, so you have to add it manually once you’re done with your calculation. Otherwise, you won’t have a clear grasp of how much money is going to return to your LoL betting account.
Making a profit
Okay, now that we’re done with the different types of LoL esports odds, how on earth can you use these to generate a profit? Well, you do it by making value bets.
The best way to showcase this is through an example. Let’s say we enter a fictional universe where CLG and G2 clash at the World Championship. Both teams are dead even skill-wise. And since this universe is fictional, your bookmaker decided to set incredibly generous LoL Worlds odds of 2.00 for each team.
With that, this wager is akin to a coin toss. Each team has a 50% chance to win, and you can either double the amount you bet or lose it all. So, the value is neutral, meaning that you’re not going to get much out of this kind of bets if you keep making them.
But what if CLG were the slight favorites? What if their chance to win was 60%, but the bookmaker didn’t catch on to it? Well, that’s when you enter the realm of positive value! When you have a 60% chance to double your stake and only a 40% chance to lose it, the bet becomes a no-brainer.
In the real world, odds will be stiffer, and it certainly won’t be as easy to outsmart bookmakers. But it’s exactly these types of esports bets that will let you make the most out of your money.
Where can I find League of Legends Odds?
How are LoL betting odds calculated?
LoL betting odds are primarily calculated these days through computers, mostly taking into account past statistics and data of both teams and individual players. While rare, some sites do adjust their own odds based on their predictions. These odds generally favour the bookmaker. However, through analysis of factors that cannot be measured by systems, such as new team synergy or player tilt, there are hidden opportunities that present favourable odds that favour the punter.
Is betting on LoL odds safe?
Betting on LoL is only safe if you use reliable and fully licensed sites. Some sites may offer insane odds, however, are unreliable and are simply set to scam. Check out our reviews to see who you should bet with, such as Betway or Bet365.
Who offers the best LoL esports odds?
Our Top LoL Betting sites all offer competitive League of Legends odds, as, after all, the most important factor to punters are reliability and odds.