Simple Ways to Bet on League of Legends (LOL)

Riding the Wave with the Thriving Esports, League of Legends (LOL) has also become a beloved game for millions of players worldwide. LOL tournaments are held on a national scale, featuring teams brimming with potential. All of this has opened up opportunities for betting platforms to offer a variety of exciting wagers, allowing people to bet and win together. In this article, the Wagering website will help you understand what LOL is and how to become a confident LOL bettor.

What is LOL Betting?

Similar to betting on traditional sports or other esports, LOL betting is the activity of placing bets on a variety of markets offered by betting platforms. These markets allow bettors to engage with their favorite tournaments and teams.

LOL betting is the activity of placing bets on a variety of markets offered by betting platforms

To engage in LOL betting, it's advisable to equip yourself with at least the basic knowledge of the esports' gameplay. Combine your existing sports betting experience with different types of wagers, ranging from simple to complex. The most common ones include outright winner bets, handicap bets, and over/under bets.

Leading up to upcoming tournaments, betting platforms will provide updates on schedules, participating teams, and start offering odds well in advance. You only need to follow the schedule and place bets on the teams or players you support.

Guidelines on How to Bet on LOL with Real Money

Rules of Betting on LOL

Betting on League of Legends (LOL) involves wagering on various aspects of the game's outcomes. Here are the basic rules and guidelines for betting on LOL:

  1. Understanding Betting Markets: LOL betting offers a variety of markets to bet on, including match winners, map winners, specific in-game events, player performances, and more. Familiarize yourself with the available markets before placing bets.
  2. Selecting Betting Options: Choose the specific betting option within a market that you want to wager on. For instance, in the "Match Winner" market, you select which team you believe will win the match.
  3. Odds and Payouts: Each betting option has associated odds, indicating the potential payout if your bet wins. Higher odds usually mean higher potential payouts, but they also imply a lower likelihood of winning.
  4. Placing Bets: Place your bets by selecting your desired option and entering the amount you wish to wager. The betting platform will calculate your potential winnings based on the odds.
  5. Stake and Risk: Your stake is the amount you wager on a bet. Remember that betting involves risk, and you may lose your stake if your bet doesn't win.
  6. Bet Settlement: Bets are settled based on the outcome of the event you wagered on. If your bet wins, your account will be credited with the winnings, which include your original stake and the calculated payout.
  7. Research and Analysis: Before placing bets, research the teams, players, recent performance, strategies, and other relevant information. This will help you make informed betting decisions.
  8. Responsible Betting: Set a budget for your betting activities and stick to it. Never bet more than you can afford to lose. Betting should be enjoyable, and responsible gambling practices are important.
  9. Legal Age: Only individuals of legal gambling age in their jurisdiction are allowed to participate in betting activities.
  10. Reputable Betting Sites: Choose reputable and licensed betting sites or platforms to ensure fair play, secure transactions, and timely payouts.
  11. Live Betting: Some platforms offer live betting, allowing you to place bets on ongoing matches. Keep in mind that odds can change rapidly during live betting.
  12. Promotions and Bonuses: Some betting platforms offer promotions, bonuses, and free bets. Be sure to understand the terms and conditions associated with these offers.
  13. Problem Gambling: If you find that your betting behavior is becoming problematic or causing distress, seek help and consider limiting or ceasing your betting activities.
Rules of Betting on LOL

Remember that while betting on LOL can be enjoyable and potentially profitable, it involves chance and risk. Developing a good understanding of the game, teams, and markets, along with responsible betting practices, will contribute to a positive betting experience.

Various Types of LOL Betting

  • Handicap Betting: This type of betting aims to level the playing field between two teams, allowing viewers to immediately perceive the difference in skill between the two teams. In esports in general and LOL in particular, handicap betting entails giving a weaker team or team member a head start in terms of rounds.
  • Over/Under Betting: Bookmaker provide a numerical value based on the statistics of previous matches between the two teams. Players then bet on whether the actual match outcome will be higher or lower than the statistical value provided by the betting platform. In LOL, players can also bet on over/under the number of minutes, wagering on whether the total map time will be more or less than the number of minutes provided by the platform. Similarly, over/under betting can be done for the number of turrets on the LOL map.
  • Parlay Betting: For seasoned bettors, parlay betting is one of the quickest ways to recover funds, but it should only be pursued when you have a stable financial foundation. Parlay betting involves combining multiple individual bets. If all your individual bets win, the payout for the parlay bet can be substantial. However, a high payout also indicates high difficulty in winning; parlay bets are challenging to win.
  • Correct Score Betting: You predict the exact final score between two teams and place your bet on the chosen score. The outcome of this bet is not influenced by extra-time results; it only considers the official result of the main match.
  • First Map Winner Betting: This means you bet on the team you believe will have an advantage in the first map of the match.
  • Tournament Winner Betting: In this type of bet, you can place your wager before the match begins and the outcome is only settled after the entire tournament concludes.
Various Types of LOL Betting

Additionally, there are other intriguing betting options for you to choose from, such as proposition bets, first-half winner bets, second-half winner bets, Baron kills bets, turret destruction bets, team kill count bets, and more.

Major LOL Tournaments

Major tournaments in LOL can be divided into International and Regional competitions.

International tournaments include:

  1. League of Legends World Championship – The pinnacle of League of Legends tournaments on a global scale.
  2. Mid-Season Invitational – An international exhibition tournament held between seasons.
  3. Rift Rivals – Regional rivalry tournaments.
  4. All-Star Event – A showcase of top players from different regions.

Regional tournaments include:

  1. League of Legends Championship Series (LCS) – North America.
  2. League of Legends European Championship (LEC) – Europe.
  3. League of Legends Champions Korea (LCK) – South Korea.
  4. League of Legends Pro League (LPL) – China.
  5. Campeonato Brasileiro de League of Legends (CBLOL) – Brazil.
  6. Liga Latinoamérica (LLA) – Latin America.
  7. League of Legends Continental League (LCL) – CIS countries.
  8. Turkish Champions League (TCL) – Turkey.
  9. Vietnam Championship Series (VCS) – Vietnam.
  10. League of Legends Japan League (LJL) – Japan.
  11. League of Legends Circuit Oceania (LCO) – Oceania.
  12. Pacific Championship Series (PCS) – Pacific region.

Tips for Winning LOL Betting

  • Understand your betting target: If you're engaging in LOL betting, it's important to know how the teams play and how they score points to win.
  • Choose a reliable betting platform: Currently, there aren't many platforms that offer betting options for esports, especially for LOL. Therefore, be cautious in selecting a platform to ensure security, data privacy, and a good history of resolving issues and rewarding players.
  • Familiarize yourself with the betting rules of your chosen platform: Each betting platform has its own rules, and understanding them is crucial to avoid conflicts or disadvantages that might arise.
Tips for Winning LOL Betting
  • Know the capabilities of the team you choose: Your trust, money, and time are invested in the teams you bet on. Therefore, understanding their strengths, player performance, and gameplay styles is essential for making confident betting decisions.

Conclusion

With the basic information provided in this article, you'll gain an understanding of what LOL is and how to engage in LOL betting. If you find esports intriguing, you can try playing to deepen your knowledge of LOL. Over time, you'll become more confident in betting on LOL through online platforms.

See more: Method of playing League of Legends betting for beginners.

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