Betting on League of Legends can be both fun and risky. However, if you are careful and thoughtful enough, you won’t have any problems. Luckily, we here at EsportsBetPlay prepared an in-depth League of Legends betting review just for you. Stay tuned to this article and find out everything you need to know about LOL betting before placing any bets.
Pros:
- Easy to Understand
- High Odds
- Variety of Markets
Cons:
- Grey Legal Areas
- Not Available Worldwide
- Risky
League of Legends Betting Markets and Odds
In order to fully understand League of Legends betting, we first have to go through all the available markets. This industry evolved pretty fast, and there are already hundreds of available bets for every important LOL game. Let’s go through the most important ones and explain them.
Regular LOL Bets
We are all familiar with regular bets. A regular bet usually represents betting on the winner. The most famous regular bet you can place on League of Legends is the Moneyline bet. This type of bet is also called a 2-way bet because there are only two possible outcomes, without a possibility for a tie in any LOL match.
You can also bet on the winner of a specific map or even place a Handicap bet if you want to increase the odds. A handicap bet will give a slight advantage to the underdog team and increase the odds of the favourite one.
Proposition LOL Bets
Prop betting or proposition betting became quite popular lately. Prop betting is betting on an event that will occur during the match and has nothing to do with the final outcome. In other words, you can win a bet if that event occurs regardless of who wins the game. For example, you can bet on the first baron, first blood, first destroyed tower, the total number of kills, and so on. It is also important to mention that proposition bets are dangerous because they usually 50% – 50% bets.
Futures LOL Bets
The simplest way to explain a futures bet is to consider it as a wager on something that will happen in the future. The most popular futures bet is the outright bet. You simply place a bet on a team to win the tournament before the tournament even starts. You can also bet on tournament MVP, who will reach the final, have a higher number of kills, and similar.
Where to Bet on LOL?
With so many shady bookmakers out there, it is relatively hard to find the ones that are trustworthy with proper licenses. Take note that every bookmaker affiliated with our website is secure and regulated by a legal gambling body. With that in mind, let’s check out which are the best League of Legends betting sites.
GG.Bet – Variety of Markets
An esports-focused website with plenty to offer. GG.Bet, without any doubt, has the best variety of LOL markets. You can even bet on low leagues you haven’t even heard of before. On top of that, they have a special welcome promotion offering 100% up to €200 on your first deposit plus daily special bonuses.
LOOT.BET – Highest Odds
Another Esports-based betting site that shines when it comes to odds. LOOT.BET offers high odds at every event. Suppose you compare the odds from various sites, the odds provided by LOOT.BET will almost always be the highest one. They also offer regular promotions and a welcome bonus where you can double your first deposit up to €100.
Betway – Special Bets
Every bettor out there knows that Betway is trustworthy as one site can be. They are in this business for many years, and there is no wonder they are now offering Esports bets. If you like prop LOL bets, you will definitely enjoy Betway. Besides competitive odds and rich markets, this bookmaker also offers special bets that no other site does. In addition to that, you can also combine your LOL bets with other Esports and regular sports.
Don’t forget to also check other Esports Betting Sites with unique welcome bonuses available for our visitors.
League of Legends Betting Tips
Know that we know how and where to bet; let’s go through some common LOL betting mistakes that you should definitely avoid. Follow the tips listed below to increase your chances and overall profit in the long run.
Have a Bankroll
Probably the most important LOL betting tip we can give you is to always have a bankroll. Choose a monthly amount you are willing to spend on gambling and NEVER gamble more than that. This is gambling, after all, and you can end up losing much more than you intended. Don’t look at this as a source of income; instead, look at this as a hobby that costs money but can sometimes result in a profit. You won’t have any problems with gambling as long as you do this.
Turn off Emotions
People are driven by emotions, which is in our nature. It is not a bad thing; it is just the way it is. Unfortunately, there is no place for emotions in the betting world. That’s why you should never bet on your favourite team. Whoever they play against, you always think they will win. In this world, you need to be objective. No matter if you think your favourite team is going to win, you probably aren’t objective when it comes to them. So, just don’t bet on them; avoid betting on them, and it will save you a lot of money.
Never go ALL-IN
Speaking of emotions, a lot of people tend to make mistakes and rage after losing. If you lost a few bets in a row, don’t bet anymore that day. Instead, wait for another chance. Maybe tomorrow is your day and you will have a stroke of better luck. The most important thing is to never put your trust in a single event. Don’t go all-in by any means because it is too risky to do so. Don’t rage bet and you will be just fine.
Good luck and Be Gamble Aware!
